VSFS:B_EK_1 Economy 1 - Course Information

B_EK_1 Economy 1

Extent and Intensity

2/2/0. 6 credit(s). Type of Completion: zk (examination).

Teacher(s)

PhDr. Rafik Bedretdinov, CSc. (seminar tutor)
Ing. Michal Blahout, Ph.D. (seminar tutor)
Ing. Lenka Farkačová, Ph.D. (seminar tutor)
Ing. Herbert Heissler (seminar tutor)
Ing. Pavel Klička, PhD. (seminar tutor)
Ing. Bc. Jiří Mihola, CSc. (seminar tutor)
doc. Radim Valenčík, CSc. (seminar tutor)
doc. Mgr. Ing. Petr Wawrosz, Ph.D. (seminar tutor)
Ing. Yuliia Spitsyna (assistant)
Mgr. Ing. Miroslav Jurásek, Ph.D. (alternate examiner)

Guaranteed by

doc. Mgr. Ing. Petr Wawrosz, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Barbora Ptáčková

Timetable of Seminar Groups

B_EK_1/cAPH: Wed 10:30–11:14 E122, Wed 11:15–12:00 E122, M. Blahout
B_EK_1/cBSPH: Wed 14:00–14:44 E126, Wed 14:45–15:30 E126, M. Blahout
B_EK_1/cKKV: each odd Thursday 10:30–11:14 KV308, each odd Thursday 11:15–12:00 KV308, each odd Thursday 12:15–12:59 KV308, each odd Thursday 13:00–13:45 KV308, P. Klička
B_EK_1/cKMO: Tue 14:00–14:44 M26, Tue 14:45–15:30 M26, M. Blahout
B_EK_1/cPPH: Wed 10:30–11:14 E129, Wed 11:15–12:00 E129, P. Wawrosz
B_EK_1/cPVPH: Wed 10:30–11:14 E305, Wed 11:15–12:00 E305, except Wed 26. 10., except Wed 2. 11., except Wed 9. 11. ; and Wed 26. 10. 10:30–12:00 E124, Wed 2. 11. 10:30–12:00 E124, Wed 9. 11. 10:30–12:00 E124, R. Bedretdinov
B_EK_1/cVMO: Tue 15:45–16:29 M14, Tue 16:30–17:15 M14, M. Blahout
B_EK_1/c1KPH: Mon 14:00–14:44 E123, Mon 14:45–15:30 E123, L. Farkačová
B_EK_1/c1MPH: Wed 12:15–12:59 E224, Wed 13:00–13:45 E224, except Wed 26. 10., except Wed 2. 11., except Wed 9. 11. ; and Wed 26. 10. 12:15–13:45 E225, Wed 2. 11. 12:15–13:45 E225, Wed 9. 11. 12:15–13:45 E225, J. Mihola
B_EK_1/c2KPH: Mon 15:45–16:29 E123, Mon 16:30–17:15 E123, L. Farkačová
B_EK_1/c2MPH: Wed 10:30–11:14 E124, Wed 11:15–12:00 E124, J. Mihola
B_EK_1/c3MPH: Wed 10:30–11:14 E227, Wed 11:15–12:00 E227, P. Klička
B_EK_1/c4MPH: Wed 12:15–12:59 E225, Wed 13:00–13:45 E225, R. Bedretdinov
B_EK_1/pAMPH: Mon 14:00–14:44 E007KC, Mon 14:45–15:30 E007KC, J. Mihola
B_EK_1/pBSKPPPVPH: Mon 12:15–12:59 E004, Mon 13:00–13:45 E004, J. Mihola
B_EK_1/pKKV: each even Thursday 10:30–11:14 KV308, each even Thursday 11:15–12:00 KV308, each even Thursday 12:15–12:59 KV308, each even Thursday 13:00–13:45 KV308, R. Valenčík
B_EK_1/pKVMO: each even Thursday 10:30–11:14 M01, each even Thursday 11:15–12:00 M01, each even Thursday 12:15–12:59 M01, each even Thursday 13:00–13:45 M01, R. Bedretdinov
B_EK_1/vAMPH: Fri 7. 10. 14:00–15:30 E004, Sat 22. 10. 14:00–15:30 E123, 15:45–17:15 E123, Fri 4. 11. 14:00–15:30 E230, Sat 19. 11. 9:45–11:15 E230, 11:30–13:00 E230, M. Blahout
B_EK_1/vBSKPH: Fri 7. 10. 15:45–17:15 E230, Fri 21. 10. 17:30–19:00 E122, Fri 4. 11. 15:45–17:15 E222, Fri 2. 12. 17:30–19:00 E222, Fri 16. 12. 15:45–17:15 E222, 17:30–19:00 E222, H. Heissler
B_EK_1/vKKV: Sat 8. 10. 14:00–15:30 KV205, 15:45–17:15 KV205, Sat 5. 11. 14:00–15:30 KV205, 15:45–17:15 KV205, Fri 18. 11. 14:00–15:30 KV205, 15:45–17:15 KV205, P. Klička
B_EK_1/vKMMO: Sat 8. 10. 9:45–11:15 M24, 11:30–13:00 M24, Sat 22. 10. 9:45–11:15 M01, 11:30–13:00 M01, Sat 5. 11. 9:45–11:15 M01, 11:30–13:00 M01, R. Bedretdinov
B_EK_1/vPPVPH: Fri 7. 10. 14:00–15:30 E004, Fri 21. 10. 15:45–17:15 E124, Fri 4. 11. 14:00–15:30 E127, Fri 18. 11. 14:00–15:30 E124, Fri 2. 12. 19:15–20:45 E124, Fri 16. 12. 19:15–20:45 E124, H. Heissler
B_EK_1/3_rocnik: No timetable has been entered into IS., studenti posledního 3. ročníku

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, imperfect competition, its its characteristic and signs, short run and long run firm equilibrium in imperfect competition dead weight loss in imperfect competition. 7. lecture: monopolistic competition and oligopoly, monopoly, kinds and reason of monopoly, the harmful effects of monopoly. 8. 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.9. lecture: capital market - investment, saving, its essence, decision about investment and saving, 10. lecture: general equilibrium theory – equilibrium in production, production possibility frontier, equilibrium in consumption. 11. lecture: general equilibrium theory -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.

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 fulfil all following conditions: 1. (s) pass two electronic 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. 2. (s) pass two tests from two or three tests given on the seminars (present form of the study) or on the consultations (distant form of the study). 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

Follow-Up Courses

• B_EK_2 Economics 2

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 2016, recent)
  
• Permalink: https://is.vsfs.cz/course/vsfs/winter2016/B_EK_1