Course detail

Microeconomics 2

FP-mikKAcad. year: 2019/2020

Microeconomics seeks to understand the forces influencing the choices individuals make as they cope with the problem of scarcity. Much of the analysis here is based on the assumption that human behavior is predictable. In analyzing economic phenomena, many simplifications are made to isolate the basic constraints under which persons must make decisions. The role of prices in influencing economic decisions is studied extensively in microeconomics. The aim of the subject is to teach students use the theory in practice and course will focus on consumer behavior, theory of the firm, production and costs, perfect competition, imperfect competition, game theory and factor market.

Learning outcomes of the course unit

Student will know on advanced level systematic interpretation micro - economic tools, by the help of them it is possible analyze concrete cases market behaviors individuals and firms. In terms of subject I'll students also familiarized with using tools micro - economics analyses to evaluation effects economic policy (especially then in her structural or micro - economics parts ) on act individuals and firms.

Prerequisites

Expect of knowledge from economics range baccalaureate studies, concreate equilibrium of fir, equilibrium of consumer, equilibrium of input market.

Co-requisites

Not applicable.

Recommended optional programme components

Not applicable.

Recommended or required reading

SCHILLER, Bradley R. Mikroekonomie dnes. Brno : Computer Press, 2004. 404 s. ISBN 80-251-0109-6.
LUŇÁČEK, J., BENEŠ, J.,Mikroekonomie, 2006 CERM Brno, ISBN 80-214-3293-4
FRANK,R.H. Mikroekonomie a chování, 1. vyd. Praha: Nakladatelství Svoboda, 1995. 765s. ISBN 25-042-95
JEHLE, G. A. RENY, P. J. Advanced microeconomic theory. 2. vyd. Boston: Addison Wesley, 2001. 543 p. The Addison-Wesley series in economics. ISBN 0-321-20453-0.
KOUTSOYIANNIS, A. Modern Microeconomics. 2. vyd. Basingstoke: Macmillan Press, 1979. 581 p. ISBN 0-333-25349-3.
BAYE, M. Managerial Economics and Business Strategy. New York: McGraw - Hill, 2006. 620 s.
KEŘKOVSKÝ, M. Ekonomie pro strategické řízení, vyd. Praha: C. H. Beck, 2004, 184s. ISBN: 80-7179-885-1
SOUKUPOVÁ, J. - HOŘEJŠÍ, B. - MACÁKOVÁ, L. - SOUKUP, J. Mikroekonomie. Management Press, 2. vydání, Praha 1999, 548s., ISBN 80-7261-005-8

Planned learning activities and teaching methods

The course is taught through lectures explaining the basic principles and theory of the discipline. Exercises are focused on practical topics presented in lectures.

Assesment methods and criteria linked to learning outcomes

Credit test is necessary to make minimally 50%. Test will contain numerical problems and theoretical examples from exercising and lessons.

Form of exam is written. Student can ask for mount exam (health reasons). Exam will contain 100 points (5 instances, resp. theoretic questions)

Scale for resulting classification:
A: 90 - 100 p.
B: 80 - 89 p.
C: 70 - 79 p.
D: 60 - 69 p.
E: 50 - 59 p.
F: less than 50 p.

Language of instruction

Czech

Work placements

Not applicable.

Course curriculum

Syllabus:
1. Introduction to the Microeconomics
2. Consumer Theory
3. Theory of the firm
4. Production and Costs
5. Perfect competition – Market Equilibrium
6. Imperfect competition – Monopoly
7. Monopoly and Price Discrimination
8. Oligopoly
9. Monopolistic Competition
10. Alternative Theories of the Firm
11. The Market for Factors of Production - Perfect and Imperfect Competition
12. The Market for Factors of Production – Supply and Demand
13. Investment, Time and Capital Markets

Aims

Economic theories make assumptions about the way people behave. The implications of these assumptions for human actions are then traced, using logic.

Specification of controlled education, way of implementation and compensation for absences

Participation in exercisings continuously take control of.

Classification of course in study plans

  • Programme MGR-UFRP-KS Master's, 1. year of study, summer semester, 6 credits, compulsory

  • Programme MGR-KS Master's

    branch MGR-UFRP-KS-D , 1. year of study, summer semester, 6 credits, compulsory
    branch MGR-ŘEP-KS , 1. year of study, summer semester, 6 credits, compulsory
    branch MGR-PFO-KS , 1. year of study, summer semester, 6 credits, compulsory

Type of course unit

 

20 hours, optionally

Teacher / Lecturer