B_MiE Microeconomics

University of Finance and Administration
Winter 2014
Extent and Intensity
2/2. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
PhDr. Rafik Bedretdinov, CSc. (seminar tutor)
Ing. Michal Blahout, Ph.D. (seminar tutor)
Ing. Herbert Heissler (seminar tutor)
prof. Ing. Mojmír Helísek, CSc. (seminar tutor)
Ing. Pavel Klička, PhD. (seminar tutor)
Ing. Bc. Jiří Mihola, CSc. (seminar tutor)
doc. Mgr. Ing. Petr Wawrosz, Ph.D. (seminar tutor)
Ing. Jiří Vataha (alternate examiner)
Guaranteed by
doc. Radim Valenčík, CSc.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Tamara Urbánková
Timetable of Seminar Groups
B_MiE/cBPH: Tue 12:15–12:59 E126, Tue 13:00–13:45 E126, J. Mihola
B_MiE/cRMO: Thu 15:45–16:29 M17, Thu 16:30–17:15 M17, J. Mihola
B_MiE/cR1PH: Tue 14:00–14:44 E228, Tue 14:45–15:30 E228, J. Mihola
B_MiE/cR2PH: Wed 10:30–11:14 E129, Wed 11:15–12:00 E129, J. Mihola
B_MiE/cR3PH: Wed 14:00–14:44 E123, Wed 14:45–15:30 E123, H. Heissler
B_MiE/pBRPH: Thu 8:45–9:29 E004, Thu 9:30–10:15 E004, M. Helísek
B_MiE/pRMO: Thu 14:00–14:44 M25, Thu 14:45–15:30 M25, R. Bedretdinov
B_MiE/uRKL: Tue 7. 10. 17:30–19:00 K203, Tue 4. 11. 17:30–19:00 K203, 19:15–20:45 K203, Tue 11. 11. 15:45–17:15 K213PC, Tue 25. 11. 15:45–17:15 K213PC, 17:30–19:00 K213PC, P. Klička
B_MiE/uRPH: Tue 7. 10. 15:45–17:15 E224, Tue 21. 10. 15:45–17:15 E024, Tue 4. 11. 15:45–17:15 E024, Tue 18. 11. 14:00–15:30 E024, Tue 25. 11. 14:00–15:30 E024, Tue 2. 12. 15:45–17:15 E024, H. Heissler
B_MiE/vRPH: Sat 4. 10. 9:45–11:15 E127, 11:30–13:00 E127, Fri 17. 10. 15:30–17:00 E127, Fri 31. 10. 12:00–13:30 E127, Fri 14. 11. 15:30–17:00 E127, Fri 12. 12. 13:45–15:15 E127, P. Klička
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 subjects is to introduce students with microeconomic on the bachelor level. The students will be able at the end of the course: - to understand basic laws and principles of economics (as law of diminishing marginal revenues, law of diminishing marginal product, principle of opportunity costs and principle of sunk costs) - to understand how consumers and firms decide from economic point of view - to understand how market equilibrium (compliance of supply and demand) is established - to understand the topic of elasticity - to analyze different market structures: perfect competition, imperfect competition (monopolistic competition, oligopoly, monopoly) - to understand the productions factor market (including labor market) and capital market including factors affecting the price of productions factors and interest rate - to understand the topic of general equilibrium - to know the microeconomic reason for government (state) interference on the market; to understand the essence of allocation, redistributive, legislative and regulatory function of state; to know what the terms public goods, externalities and so on means;
Syllabus
  • The structure of the lectures: 1. lecture: definition and essence of microeconomics, basic terms, principles and laws of microeconomic. 2. lecture: theory of consumer behavior, individual demand curve. 3. lecture: theory of firm – production function, optimal combinations of production factors, accounting and economic profit, absolute and comparative advantage. 4. lecture: costs and revenues of firm, individual supply curve, break-even point and shutdown point. 5. lecture: market and market equilibrium, market demand curve, market supply curve, the reason of market disequilibrium, consumer surplus, producers surplus, demand elasticity, supply elasticity. 6. lecture: perfect competition, its characteristic and signs, short run and long run firm equilibrium in prefect competition, Pareto efficiency of perfect competition. 7. lecture: imperfect competition, its its characteristic and signs, short run and long run firm equilibrium in imperfect competition dead weight loss in imperfect competition, monopolistic competition and oligopoly. 8. lecture: monopoly, kinds and reason of monopoly, the harmful effects of monopoly. 9. lecture: production factor markets – it essence, Clark’s chart, demand and supply on productive factors market, equilibrium and disequilibrium on the production factors market, specifics of labor market. 11. lecture: general equilibrium theory – equilibrium in production, production possibility frontier, equilibrium in consumption, production-consumer equilibrium, the importance of general equilibrium model. 12. lecture: microeconomic role of state (government), allocation function, public goods, positive and negative externalities and other features of allocation function, redistributive, legislative and regulatory function of state.
Literature
    required literature
  • Heissler, Herbert; Valenčík, Radim; Wawrosz, Petr 2010. Mikroekonomie základní kurz. Praha: VŠFS.
    recommended literature
  • : Blažek, Jiří; Heissler, Herbert; Kubíček, Jan; Viktorová, Dana; Heissler, Wawrosz, Petr 2012. Ekonomie, právo a hospodářská politika v českém prostředí. Praha: Wolters Kluwer.
  • Jurečka, Václav 2010. Mikroekonomie. Praha: Grada.
  • Holman, Robert 2011. Ekonomie. 5. vydání. Praha: C.H.Beck.
    not specified
  • Tuleja, Pavel; Nezval, Pavel; Majerová, Ingrid 2011. Základy mikroekonomie. Brno: Computer Press.
Teaching methods
Lectures and seminars on the present form of the study, consultations on the distant form of the study. Students should attend at least 60 % of the tuitions, otherwise they receive substitute homework.
Assessment methods
The subject is finished by credit and exam. The acquiring of credit is necessary condition for student to be able to take the exam. The student acquire the credit if (s)he pass two credit tests. Each question in the tests are scored, student have to receive minimum score to pass the test. The value of minimum score is mentioned in the test. The exam is verbal. The exam question are published in IS (information system) with minimal exam standards (the minimum knowledge that student must know to be able to pass the 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: 12 hodin KS/semestr.
The course is also listed under the following terms Winter 2007, Summer 2008, Winter 2015, Winter 2016, Winter 2017, Winter 2018, Winter 2019, Winter 2020, Winter 2021, Winter 2022.
  • Enrolment Statistics (Winter 2014, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/winter2014/B_MiE