VSFS:NA_MiE Microeconomics - Course Information
NA_MiE Microeconomics
University of Finance and AdministrationWinter 2014
- Extent and Intensity
- 2/1. 6 credit(s). Type of Completion: zk (examination).
- Teacher(s)
- Ing. Petr Mach, Ph.D. (seminar tutor)
Mgr. Ing. Dominik Stroukal, Ph.D. (seminar tutor)
doc. Mgr. Ing. Petr Wawrosz, Ph.D. (seminar tutor) - Guaranteed by
- Ing. Petr Mach, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Tamara Urbánková - Timetable of Seminar Groups
- NA_MiE/cBM1PH: each odd Wednesday 15:45–16:29 S11, each odd Wednesday 16:30–17:15 S11, D. Stroukal
NA_MiE/cBM2PH: each odd Wednesday 14:45–15:30 S24, each odd Wednesday 15:45–16:29 S24, P. Wawrosz
NA_MiE/pBMPH: Mon 8:45–9:29 S26, Mon 9:30–10:15 S26, P. Mach - Prerequisites
- There are no prerequisites for this course. It is recommended knowledge of economics on bachelor level.
- Course Enrolment Limitations
- The course is offered to students of any study field.
- Course objectives
- At the end of the course students should be able to understand and explain intermediate problems in microeconomics.
- Syllabus
- 1. Private and Publics Goods. Rivalry and Excludability. Asymmetry of Information. Principal vs Agent. 2. Comparative Advantage in Foreign Trade. Import duties and Quotas. Specialisation and Division of Labour. 3. State Interventions to the Demand and Supply. Price floors and ceilings. Taxes and Intervention Purchases. Laffer Curve. 4. Price Discrimination. Dutch Auction. English Auction. 5. Decision making under Risk and Uncertainty. Risk Aversion. Diversification of Risk. 6. Marginal yield on Capital. Pareto efficiency of a Loan. 7. Inter-temporal Choice. 8.Indifference of Consumption in Time. Choice between Consumption and Benevolence. 9.Cartel. Prisoner’s Dilemma. 10. Oligopoly with Competitive Fringe. 11. General Equilibrium.12. derivation of PPF curve.
- Literature
- required literature
- Sobel, R., Gwartney, J., Stroup, R., Macpherson, D.: Understanding Microeconomics 13th Edition. Cengage LearningISBN-13: 978-0-538-75619-8
- Teaching methods
- Lectures and seminars in full-time study; tutorials in part-time study; compulsory seminar participation is 75% in full-time study, compulsory tutorial participation is 50% in part-time study.
- Assessment methods
- Obtaining credit is part of the exam. Exam: Grades: A (91-100), B (81-90), C (71-80), D (61-70), E (51-60) F (below 51). Final written exam: max 100 points. Attendance: Voluntary – zero points
- Language of instruction
- English
- 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.
- Enrolment Statistics (Winter 2014, recent)
- Permalink: https://is.vsfs.cz/course/vsfs/winter2014/NA_MiE