B_MiE Microeconomics

University of Finance and Administration
Winter 2017
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. 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. Radim Valenčík, CSc. (seminar tutor)
doc. Mgr. Ing. Petr Wawrosz, Ph.D. (seminar tutor)
Guaranteed by
doc. Mgr. Ing. Petr Wawrosz, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Lenka Pokorná
Timetable of Seminar Groups
B_MiE/cBPH: Tue 14:00–14:44 E122, Tue 14:45–15:30 E122, P. Klička
B_MiE/cRKV: each odd Tuesday 14:00–14:44 KV205, each odd Tuesday 14:45–15:30 KV205, each odd Tuesday 15:45–16:29 KV205, each odd Tuesday 16:30–17:15 KV205, P. Wawrosz
B_MiE/c1RPH: Tue 10:30–11:14 E222, Tue 11:15–12:00 E222, P. Klička
B_MiE/c2RPH: Tue 12:15–12:59 E223, Tue 13:00–13:45 E223, H. Heissler
B_MiE/c3RPH: Thu 10:30–11:14 E224, Thu 11:15–12:00 E224, M. Blahout
B_MiE/c4RPH: Tue 10:30–11:14 E224, Tue 11:15–12:00 E224, except Tue 17. 10. ; and Tue 17. 10. 10:30–12:00 E222, H. Heissler
B_MiE/pBRPH: Tue 8:45–9:29 E004, Tue 9:30–10:15 E004, M. Helísek
B_MiE/pRKV: Thu 15:45–16:29 KV310, Thu 16:30–17:15 KV310, except Thu 7. 12. ; and Thu 9. 11. 17:30–19:00 KV310, R. Valenčík
B_MiE/vRMO: Fri 6. 10. 14:00–15:30 M26, 15:45–17:15 M26, Fri 20. 10. 14:00–15:30 M23, Fri 3. 11. 14:00–15:30 M26, Fri 24. 11. 14:00–15:30 M26, Fri 8. 12. 14:00–15:30 M26, M. Helísek
B_MiE/vRPH: Sat 14. 10. 9:45–11:15 E230, 11:30–13:00 E230, Sat 11. 11. 9:45–11:15 E228, 11:30–13:00 E228, Sat 2. 12. 9:45–11:15 E126, 11:30–13:00 E126, J. Mihola
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.
    recommended literature
  • Holman, Robert 2011. Ekonomie. 5. vydání. Praha: C.H.Beck.
  • : 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.
    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 acquires the credit if it fulfils conditions: 1. either it passes two tests on the seminars (present form of the study) or on the consultations (distant form of the study) and it passes two electronic credit tests in basic variant. Each question in the electronic tests are scored, student have to receive minimum score to pass the test. The value of minimum score is mentioned in the test. 2. or it passes two electronic tests in difficult variant. The ekctronic tests in difficult variant differs from electronic tests in basic variant in the level of minimum score needed to pass a test. Electronic tests in difficult varianthave higher score. 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 2014, Winter 2015, Winter 2016, Winter 2018, Winter 2019, Winter 2020, Winter 2021, Winter 2022.
  • Enrolment Statistics (Winter 2017, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/winter2017/B_MiE