B_EK_1 Economics 1

University of Finance and Administration
Winter 2024
Extent and Intensity
2/2/0. 6 credit(s). Type of Completion: zk (examination).
Guaranteed by
Ing. Petr Mach, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Bc. Kateřina Konupková
Prerequisites
There are no prerequisites for this course.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The aim of the course is to teach students basic microeconomic topics including the theory of utility, the concept of demand and supply, the maximization of profit and the working of the factor market.
Learning outcomes
Students will be, after completing the course, able to: - understand basic laws and principles of microeconomics - explain the behavior of the consumer and firm - know what happens in the goods market, factor market, and loanable funds market - calculate interest rates, elasticity of demand and supply and equilibrium of basic microeconomic models
Syllabus
  • The structure of the lectures:
  • 1. What economics is - basic terms
  • 2. Trade and competition
  • 3. Division of labour
  • 4. Utility
  • 5. Consumer choice
  • 6. Demand and supply
  • 7. Market equilibrium
  • 8. Production function
  • 9. Factor markets
  • 10. Profit maximisation
  • 11. Market structures
  • 12. General equilibrium theory
Literature
    recommended literature
  • MACH, Petr. Textbook of Elementary Economics. Prague: VŠFS, 2019. ISBN 978-80-7408-193-4. info
  • HEISSLER, Herbert, Radim VALENČÍK and Petr WAWROSZ. Mikroekonomie základní kurz. Praha: Vysoká škola finanční a správní, o.p.s., 2010, 304 pp. ISBN 978-80-7408-039-5. info
Teaching methods
Lectures and seminars in the full-time form of the study, consultations on the combined form of the study. Students should attend at least 75 % of the seminars in the full-time study form and 50% in the combined form.
Assessment methods
The subject is completed by passing a credit test and passing the exam.
The student earns the credit by 75% attendance in the seminars, passing the online midterm credit test and online final credit test to which he/she will be invited by email by the course guarantor.
The exam is oral. Students will explain concepts contained in the Bachelor's state exam.
Language of instruction
Czech
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Information on the extent and intensity of the course: 16 hodin KS/semestr.
Teacher's information
Petr Mach, PhD teaches microeconomics and macroeconomics , lobbying and Monetary theory and policy.
The course is also listed under the following terms Winter 2014, Winter 2015, Winter 2016, Winter 2017, Winter 2018, Winter 2023.
  • Enrolment Statistics (recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/winter2024/B_EK_1