VSFS:N_MiE Microeconomics - Course Information

N_MiE Microeconomics

Extent and Intensity

2/1/0. 7 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Mgr. Ing. Petr Wawrosz, Ph.D. (lecturer)
prof. Ing. Mojmír Helísek, CSc. (seminar tutor)
Ing. Pavel Klička, PhD. (seminar tutor)
Ing. Petr Mach, Ph.D. (seminar tutor)
Ing. Bc. Jiří Mihola, CSc. (seminar tutor)
Ing. Mgr. Jaromír Tichý, Ph.D., MBA (seminar tutor)
doc. Radim Valenčík, CSc. (seminar tutor)

Guaranteed by

prof. Ing. Mojmír Helísek, CSc.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Bc. Kamila Procházková

Timetable of Seminar Groups

N_MiE/cEKPH: each even Tuesday 14:00–14:44 S35, each even Tuesday 14:45–15:30 S35, P. Mach
N_MiE/cFPPPH: each even Tuesday 15:45–16:29 S35, each even Tuesday 16:30–17:15 S35, J. Mihola
N_MiE/cMPH: each odd Tuesday 10:30–11:14 S33, each odd Tuesday 11:15–12:00 S33, P. Klička
N_MiE/cVMO: each odd Monday 12:15–12:59 M01, each odd Monday 13:00–13:45 M01, J. Tichý
N_MiE/pEKFPPPH: Tue 10:30–11:14 S01, Tue 11:15–12:00 S01, M. Helísek
N_MiE/pMPH: Tue 12:15–12:59 S33, Tue 13:00–13:45 S33, R. Valenčík
N_MiE/pVMO: each even Wednesday 10:30–11:14 M01, each even Wednesday 11:15–12:00 M01, each even Wednesday 12:15–12:59 M01, each even Wednesday 13:00–13:45 M01, except Wed 2. 10., except Wed 27. 11., except Wed 11. 12. ; and Wed 9. 10. 10:30–13:45 M01, Wed 20. 11. 10:30–13:45 M01, Wed 18. 12. 10:30–13:45 M01, R. Valenčík
N_MiE/vEKKV: Fri 25. 10. 17:30–19:00 KV310, Fri 8. 11. 14:00–15:30 KV211, 15:45–17:15 KV211, Sat 7. 12. 9:45–11:15 KV211, 11:30–13:00 KV211, Sat 14. 12. 9:45–11:15 KV211, 11:30–13:00 KV211, 14:00–15:30 KV211, M. Helísek
N_MiE/vEKPH: Sat 23. 11. 9:45–11:15 S24, 11:30–13:00 S24, 14:00–15:30 S24, 15:45–17:15 S24, Fri 6. 12. 14:00–15:30 S36, 15:45–17:15 S36, Fri 13. 12. 14:00–15:30 S26, 15:45–17:15 S26, R. Valenčík
N_MiE/vFPPPH: Sat 12. 10. 14:00–15:30 S23, Sat 26. 10. 9:45–11:15 S23, 11:30–13:00 S23, Sat 9. 11. 14:00–15:30 S23, Sat 23. 11. 9:45–11:15 S23, 11:30–13:00 S23, Fri 6. 12. 14:00–15:30 S23, 15:45–17:15 S23, M. Helísek
N_MiE/vMPH: Sat 12. 10. 9:45–11:15 S23, 11:30–13:00 S23, Sat 9. 11. 14:00–15:30 S11, 15:45–17:15 S11, Fri 22. 11. 14:00–15:30 S33, 15:45–17:15 S33, Sat 14. 12. 14:00–15:30 S24, 15:45–17:15 S24, J. Mihola
N_MiE/2rocnik: No timetable has been entered into IS.

Prerequisites

There are no prerequisites for this course. The knowledge of bachelor economics is useful but it is not necessary condition for the study.

Course Enrolment Limitations

The course is offered to students of any study field.

Course objectives

The objective of the study of microeconomics is to understand the logic of human decision-making and behavior in the economic field, in the field of social activities and in everyday life by means of the basic principles of microeconomic theory, in direct connection with the individual parts of the course, while the acquired knowledge and acquired ability of economic thinking also used in the study and practical application of other theoretical disciplines.

Learning outcomes

The students will be able at the end of the course: - to understand the issue of establishing and disturbing of general equilibrium, including factors leading economy out of equilibrium and preventing from achieving the equilibrium - to analyze shortcomings of neoclassical utility theory; to understand the essence of productive consumption aspects; to understand the issue of investment opportunities and investment resources and the role of capital market - to know the differences between risk and uncertainty and know how reduce them - to analyze the shortcomings of wealth theory and to know how they can be overcome; to understand the principle of knowledge society -to understand what creates surplus on the production factors market, on the imperfect competition market (monopoly, oligopoly, monopsony) and on the goods market - to know the basic of game theory, theory of redistribution system and public choice theory; to know the reasons of inefficiency of decision in public sector

Syllabus

• Structure of lectures: 1st lecture - General equilibrium model (1st part). 2nd lecture - General equilibrium model (2nd part). 3rd lecture - neoclassical concept of utility. Choice between current and future consumption. 4th lecture - Capital market. 5th lecture - Risk, uncertainty and insurance. 6th lecture - welfare theory. 7th lecture - Distribution theory: net surplus on the market of production factors 8th lecture - Market structures and net surplus. 9th lecture - Market of goods and net surplus. 10th lecture - Game Theory (Part 1) 11th lecture - Game Theory (Part 2) 12th lecture - Public Choice Theory

Literature

required literature
• Heissler, Herbert; Valenčík, Radim; Wawrosz, Petr 2010. Mikroekonomie středně pokročilý kurz. Praha: VŠFS.

not specified
• Blažek, Jiří; Heissler, Herbert; Kubíček, Jan; Viktorová, Dana; Heissler, Wawrosz, Petr 2012. Ekonomie, právo a hospodářská politika v českém prostředí. Praha: Wolters Kluwer.

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 50 % of the tuitions, otherwise they receive substitute homework.
The prerequisite of the study is knowledge the moeconomics on the bachelor level. The students without such knowledge or studding microeconomic on bachelor level outside VSFS are recommended to buy the books: - about microeconomics: HEISSLER Herbert; VALENČÍK Radim; WAWROSZ, Petr 2010. Mikroekonomie, základní kurs. Praha: VŠFS. - about macroeconomics: WAWROSZ, Petr; HEISSLER, Herbert; HELÍSEK, Mojmír; MACH, Petr 2012. Makroekonomie základní kurz. Praha: VŠFS. The subject is compulsory for students of the first year of master study in the defined study branches.

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. Students passing electronic tests in difficult variant must meet condition of attendance (minimum attendance at seminars for full-time study or camps for part-time study). Students with ISP or students not assigned to any seminar group (usually students who repeat the course) do not write tests on seminars or consultations. They have to pass electronict tests in the dificult variant as a compensation. These students do not need to meet the condition od attendance. 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: 16 hodin KS/semestr.

Teacher's information

The prerequisite of the study is knowledge the microeconomics on the bachelor level. The students without such knowledge or studding microeconomic on bachelor level outside VSFS are recommended to buy the book: Heissler Herbert, Valenčík Radim, Wawrosz Petr (2010). Mikroekonomie, základní kurs. Praha: Vysoká škola finanční a správní (EUPRESS). The subject is compulsory for students of the first year of master study in the defined study branches.

• Enrolment Statistics (Winter 2019, recent)
  
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