N_MiE Microeconomics

University of Finance and Administration
Winter 2021
Extent and Intensity
2/1/0. 7 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Jan Mertl, Ph.D. (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: Bc. Kamila Procházková
Timetable of Seminar Groups
N_MiE/cEKPH: each odd Tuesday 10:30–11:14 S11, each odd Tuesday 11:15–12:00 S11, R. Valenčík
N_MiE/cFPH: each even Tuesday 10:30–11:14 S34, each even Tuesday 11:15–12:00 S34, R. Valenčík
N_MiE/cMPH: each even Tuesday 12:15–12:59 S23, each even Tuesday 13:00–13:45 S23, R. Valenčík
N_MiE/cMRRMO: each odd Wednesday 12:15–12:59 M14, each odd Wednesday 13:00–13:45 M14, except Wed 24. 11. ; and Wed 8. 12. 14:00–15:30 M14, R. Valenčík
N_MiE/cPPPH: each odd Tuesday 12:15–12:59 S14, each odd Tuesday 13:00–13:45 S14, R. Valenčík
N_MiE/pEKFMPPPH: Tue 8:45–9:29 S01, Tue 9:30–10:15 S01, P. Wawrosz
N_MiE/pMRRMO: each odd Wednesday 8:45–9:29 M14, each odd Wednesday 9:30–10:15 M14, each odd Wednesday 10:30–11:14 M14, each odd Wednesday 11:15–12:00 M14, P. Wawrosz
N_MiE/vEKKV: Sat 23. 10. 9:45–11:15 KV308, 11:30–13:00 KV308, 14:00–15:30 KV308, Sat 27. 11. 9:45–11:15 KV308, 11:30–13:00 KV308, 14:00–15:30 KV308, Sat 11. 12. 9:45–11:15 KV308, 11:30–13:00 KV308, J. Mertl
N_MiE/vEKPH: Sat 9. 10. 9:45–11:15 S35, 11:30–13:00 S35, Fri 12. 11. 17:30–19:00 S35, 19:15–20:45 S35, Fri 10. 12. 17:30–19:00 S35, 19:15–20:45 S35, Fri 17. 12. 14:00–15:30 S33, 15:45–17:15 S33, J. Mertl
N_MiE/vMPH: Sat 9. 10. 9:45–11:15 S26, 11:30–13:00 S26, Fri 12. 11. 14:00–15:30 S24, 15:45–17:15 S24, Fri 26. 11. 14:00–15:30 S26, 15:45–17:15 S26, Fri 17. 12. 14:00–15:30 S23, 15:45–17:15 S23, R. Valenčík
N_MiE/vRRPH: Fri 8. 10. 14:00–15:30 S24, 15:45–17:15 S24, Fri 22. 10. 14:00–15:30 S24, 15:45–17:15 S24, Sat 13. 11. 14:00–15:30 S24, 15:45–17:15 S24, Sat 27. 11. 9:45–11:15 E304, 11:30–13:00 E304, R. Valenčík
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 one midterm electronic test and 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 variant have higher score. The exam is oral. Details will be specified in the study materials of the subject.
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.
The course is also listed under the following terms Winter 2014, Winter 2015, Winter 2016, Winter 2017, Winter 2018, Winter 2019, Winter 2020, Winter 2022, Winter 2023, Winter 2024.
  • Enrolment Statistics (Winter 2021, recent)
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