NA_MiE Microeconomics

University of Finance and Administration
Winter 2018
Extent and Intensity
2/1/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Lenka Farkačová, Ph.D. (seminar tutor)
Ing. Petr Mach, Ph.D. (seminar tutor)
Guaranteed by
Ing. Petr Mach, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Lenka Pokorná
Timetable of Seminar Groups
NA_MiE/cBMPH: each even Wednesday 15:45–16:29 S24, each even Wednesday 16:30–17:15 S24, L. Farkačová
NA_MiE/pBMPH: Wed 14:00–14:44 S24, Wed 14:45–15:30 S24, 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.
Learning outcomes
After taking this course students will be able to understand and explain principles of economics and explain the theory of the consumer choice and of the firm including understanding the effects of taxation and of other government interventions in the market.
Syllabus
  • 1. General Equilibrium. Production Possibility Frontier. 2. Private and Public Goods. Rivalry and Excludability in Consumption. Asymmetry of Information. Principal vs Agent. 3. Consumer Behaviour. 4. Decision-making under Risk and Uncertainty. Risk Aversion. Diversification of Risk. 5. Inter-temporal Choice. Choice between Consumption and Benevolence. 6. State Interventions to the Demand and Supply. Price floors and ceilings. Taxes and Intervention Purchases. 7. Laffer Curve. 8. Marginal yield of Capital. Pareto efficiency of a Loan. 9. Price Discrimination. Auctions. 10. Game Theory. Cartel. Prisoner’s Dilemma. 11. Public Choice. 12. Bureaucracy and lobbying.
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; compulsory seminar participation is 75% in full-time study.
Assessment methods
The course ends with credit midterm test and final test. Credit midterm test is written and to pass students need 2 out of 3 questions correct or students can write an essay. Information about the essay are delivered during the first week. Final written/oral exam: max 100 points. The first term of final test is written and other terms oral. Grades: A (90-100), B (80-90), C (70-80), D (60-70), E (50-60) F (below 50).
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.
The course is also listed under the following terms Winter 2014, Winter 2015, Winter 2016, Winter 2017, Winter 2019, Winter 2020, Winter 2021, Winter 2022, Winter 2023, Winter 2024.
  • Enrolment Statistics (Winter 2018, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/winter2018/NA_MiE