NA_MiE Microeconomics

University of Finance and Administration
Winter 2025
Extent and Intensity
2/1/0. 6 credit(s). Type of Completion: zk (examination).
Guaranteed by
doc. Ing. Klára Čermáková, 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. The knowledge of undergraduate economics is useful and recommended but it is not a necessary condition for the study.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The aim of this course is to understand the decision-making of consumers and firms at the intermediate level including the concepts of risk, inter-temporal choice and price discrimination.
Learning outcomes
Students will understand various factors of demand and supply, the effects of government interventions to the market and the logic of the behaviour of firms under monopoly, oligopoly and monopolist competition as well as the decision-making of consumers about spending, saving and investments in human capital.
Syllabus
  • The structure of lectures
  • 1. Analysis of Demand
  • 2. Analysis of Supply
  • 3. Effects of government interventions to the market
  • 4. Taxes in Economic theory
  • 5. Price discrimination and auctions
  • 6. Advertising in economic theory
  • 7. Inter-temporal choice and capital markets
  • 8. Decision-making under risk and insurance
  • 9. Oligopoly, monopoly and monopolistic competition
  • 10. Theory of goods and asymmetry of information
  • 11. Externalities
  • 12. Public Choice theory
Literature
    required literature
  • Mach, P.: Textbook of Intermediate Economics, (available in IS)
    recommended literature
  • MANKIW, N. Gregory Principles of Microeconomics. 9th ed. Cengage Learning. South-Western College Pub. 2020. 528 s. ISBN 978-0357133484.
  • Sobel, R., Gwartney, J., Stroup, R., Macpherson, D.: Understanding Microeconomics. 13th Edition. Cengage Learning. ISBN-13: 978-0-538-75619-8
  • VARIAN, H. R. Intermediate Microeconomics: A Modern Approach, 8th edition. 2019. ISBN 978-0-393-93424-3
  • MACH, Petr. Textbook of Elementary Economics. Prague: VŠFS, 2019. ISBN 978-80-7408-193-4. info
Teaching methods
Lectures and seminars on the full-time form of the study, and consultations on the combined form of the study.
Students should attend at least 75% of the seminars in the present form and at least 50%. Students on an individual study plan are not obliged to meet the condition of attendance.
The prerequisite of the study is knowledge the economics at the bachelor's level. The students without such knowledge are advised to learn from the book MACH, P.: Textbook of Elementary Economics.
Assessment methods
The course is completed by credit and exam. Getting credit is a prerequisite for registration for the exam.
The student gains credit upon meeting these conditions:
1. Meeting attendance requirements
2. Passing the midterm credit test and the final credit test with more than half correct answers
Tests are online in the IS
The exam is oral. The examiners will ask students about the key concepts published in the exam topics.
Language of instruction
English
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Teacher's information
Petr Mach, Ph.D.
The course is also listed under the following terms Winter 2014, Winter 2015, Winter 2016, Winter 2017, Winter 2018, Winter 2019, Winter 2020, Winter 2021, Winter 2022, Winter 2023, Winter 2024.
  • Enrolment Statistics (recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/winter2025/NA_MiE