Course details
Microeconomics 2
mik2P FP mik2P Acad. year 2019/2020 Summer semester 6 credits
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.
Guarantor
Language of instruction
Completion
Time span
- 26 hrs lectures
- 26 hrs exercises
Department
Lecturer
Instructor
Subject specific learning outcomes and competences
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.
Learning objectives
Economic theories make assumptions about the way people behave. The implications of these assumptions for human actions are then traced, using logic.
Prerequisite knowledge and skills
Expect of knowledge from economics range baccalaureate studies, concreate equilibrium of fir, equilibrium of consumer, equilibrium of input market.
Study literature
- SCHILLER, Bradley R. Mikroekonomie dnes. Brno : Computer Press, 2004. 404 s. ISBN 80-251-0109-6.
- JEHLE, G. A. RENY, P. J. Advanced microeconomic theory. 2. vyd. Boston: Addison Wesley, 2001. 543 s. 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.
Fundamental literature
- BAYE, M. Managerial Economics and Business Strategy. New York: McGraw - Hill, 2006. 620 s.
Syllabus of lectures
BASIC TOOLS
CONSUMER BEHAVIOR
THEORY OF THE FIRM
PRODUCTION, COSTS
PERFECT COMPETITION
MONOPOLY
OLIGOPOLY
MONOPOLISTIC COMPETITION
GAME THEORY
FACTOR MARKET
Syllabus of exercises
Basic tools
Consumer behavior
Production of the firm
Perfect and unperfect competition
Progress assessment
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.
Teaching methods and criteria
The course is taught through lectures explaining the basic principles and theory of the discipline. Exercises are focused on practical topics presented in lectures.
Controlled instruction
Participation in exercisings continuously take control of.
Course inclusion in study plans