BA_MiE Microeconomics

Vysoká škola finanční a správní
zima 2021
Rozsah
2/2/0. 16 hodin KS/semestr. 7 kr. Ukončení: zk.
Vyučující
Ing. Hana Lipovská, Ph.D. (cvičící)
Ing. Petr Mach, Ph.D. (cvičící)
doc. Mgr. Ing. Petr Wawrosz, Ph.D. (cvičící)
Garance
Ing. Petr Mach, Ph.D.
Katedra ekonomie a managementu (FES, KEM) – Katedry – Vysoká škola finanční a správní
Kontaktní osoba: Bc. Kamila Procházková
Rozvrh seminárních/paralelních skupin
BA_MiE/cECPH: Po 12:15–12:59 E304, Po 13:00–13:45 E304, kromě Po 25. 10., kromě Po 1. 11. ; a Po 25. 10. 12:15–13:45 E230, Po 1. 11. 12:15–13:45 E230, H. Lipovská
BA_MiE/cMCPH: St 17:30–18:14 E227, St 18:15–19:00 E227, kromě St 27. 10. ; a St 1. 12. 19:15–20:45 E227, H. Lipovská
BA_MiE/pECMCPH: Út 12:15–12:59 E227, Út 13:00–13:45 E227, P. Mach
Předpoklady
There are no prerequisites for this course
Omezení zápisu do předmětu
Předmět je otevřen studentům libovolného oboru.
Cíle předmětu
At the end of the course the students should be able to understand and explain the basic principles of the functioning of the market and the basic principles of decision-making and maximisation of utility and profit.
Výstupy z učení
After taking this course students will be able to understand and explain basic principles of economics and explain the elementary theory of the consumer choice and of the firm including the general equilibrium theory.
Osnova
  • 1. Market. Scarcity. Self Interest. Competition.
  • 2. Ownership. Exchange. Goods. Capital. Externalities.
  • 3. Opportunity Costs. Absolute and Comparative Advantage. Specialisation and Division of Labour.
  • 4. Total and Marginal Utility. Derivation of Individual and Market Demand.
  • 5. Consumer Choice. Budget Constraint. Indifference Curve. Consumer Optimum.
  • 6. Supply and Demand. Income and Substitution Effect. Market Equilibrium. Consumer and Producer Surplus.
  • 7. Income, Tastes and Fashion. Substitutes and Complements. Normal and Inferior Goods.
  • 8. Loans Market. Demand for Labour. Marginal revenue Product of Labour. Bonds and Loans. Yield to Maturity.
  • 9. Cost and Revenue. Profit Maximization.
  • 10. Market Models. Perfect Competition. Monopolist Competition. Monopoly and Oligopoly.
  • 11. Production Function. Firm in the Long Run. Technical Substitution. Isocosts and Isoquants.
  • 12. General Equilibrium Theory. Edgeworth’s Box. Contract Curve.
Literatura
    povinná literatura
  • MACH, Petr. Textbook of Elementary Economics. Prague: VŠFS, 2019. ISBN 978-80-7408-193-4. info
Výukové metody
Lectures and seminars in the full-time study; compulsory seminar participation is 75% in the full-time study. Students on the distance learning form of study are supposed to attend two interactive tutorials.
Metody hodnocení
There is one midterm written or online credit test, covering lectures 1-5. The test takes 30 minutes. The test will be opened online after the 5th lecture or taken on seminars in the second half of the semester. The test consists of 8 multiple-choice questions. In each question only 1 answer is correct. Students must answer correctly at least 5 questions to pass the credit test. Students are allowed to use the main book when taking the credit test.

Students need to pass the credit test to be able to register for the final exam in the examination period.

The final exam is a written (or online) test. The test consists of 11 questions. In each question only 1 answer is correct.

GRADES: 10 or 11 correct: A; 9 correct: B; 8 correct: C; 7 correct: D; 6 correct: E; less than 6 correct: F. The exam will take maximum 45 minutes.

Requirements for ISP students:

The ISP students are advised to buy the main book (https://eshop.vsfs.cz/textbook-of-elementary-economics/) If you are outside the Czech republic you can order shipping the Textbook of Elementary Economics to your address abroad on this email: eupress@vsfs.cz.

There is one midterm online credit test, covering lectures 1-5. The test takes 30 minutes. The test will be opened online after the 5th lecture. The test consists of 8 multiple-choice questions. In each question only 1 answer is correct. Students must answer correctly at least 5 questions to pass the credit test.

Students need to pass the credit test to be able to register for the final exam in the examination period in January 2021. The final exam is an online test. The test consists of 11 questions. In each question only 1 answer is correct.

GRADES: 10 or 11 correct: A; 9 correct: B; 8 correct: C; 7 correct: D; 6 correct: E; less than 6 correct: F.
The exam will take maximum 45 minutes.
Vyučovací jazyk
Angličtina
Informace učitele
Ing. Petr Mach, Ph.D. lectures microeconomics and macroeconomics both at the undergraduate and graduate level. He also teaches the course of lobbying and the course Monetary Theory and Policy (in Czech) at the Master's level.
Další komentáře
Předmět je dovoleno ukončit i mimo zkouškové období.
Předmět je zařazen také v obdobích zima 2014, zima 2015, zima 2016, zima 2017, zima 2018, zima 2019, zima 2020, zima 2022.