Course: Microeconomics I

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Course title Microeconomics I
Course code KEN/KMIE1
Organizational form of instruction Lecture
Level of course Bachelor
Year of study not specified
Semester Winter
Number of ECTS credits 6
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Šetek Jaroslav, Ing. Ph.D.
  • Alina Jiří, Ing. Ph.D.
  • Volek Tomáš, Ing. Ph.D.
Course content
Lectures: 1 - market and market mechanism, distribution work, exchange. 2 - supply and demand. 3 - competition. 4 - perfected competition. Optimum production, break-even point. 5 - imperfect competition and main causes its formation. 6 - company costs. Revenue of a firm. 7 - monopoly, oligopoly and monopolistic competition. 8 - alternative targets of company. 9 - production factor market. Firm and supply formation. 10 - market equilibrium. 11 - income and wealth. Inequality in distribution, its measurement and redistributing processes. 12 - externalities, public goods, asymmetrical information and imperfect competition like causes of market failure.

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Activating (simulations, games, drama), Blended learning
  • Preparation for classes - 56 hours per semester
  • Semestral paper - 42 hours per semester
  • Preparation for exam - 52 hours per semester
  • Class attendance - 18 hours per semester
Learning outcomes
To provide theoretic basis for applied economics discipline.
Students understand the basic principles of microeconomics theory. Students know economic principles explaining the consumer behavior, company activities and theoretic basis, which will be used in other courses.
Prerequisites
There is no prerequisite for the course of Microeconomics (MAE).

Assessment methods and criteria
Combined exam, Seminar work

Credit Requirements: Seminar work on a given subject. Active participation in seminars. Examination Requirements: Students prove knowledge of microeconomics theory.
Recommended literature
  • FALTOVÁ LEITMANOVÁ, Ivana, Jiří ALINA, Filip PETRÁCH, Jaroslav ŠETEK a Tomáš VOLEK. Mikroekonomie 1: pro bakalářské studium. Jesenice: Ekopress, 2018. ISBN 978-80-87865-48-4.
  • HOLMAN, R. Ekonomie. C.H. BECK, 2016. ISBN 978-80-7400-278-6.
  • Krugman, Paul R. a WELLS, Robin. Microeconomics.. 3rd ed. New York: Worth Publishers, 2013. ISBN 978-1-4292-8342-7.
  • MACÁKOVÁ, Libuše a kol. Mikroekonomie: základní kurz.. Slaný: Melandrium, 2010. ISBN 978-80-86175-70-6.
  • MANKIW, N. Principles of economics.. Seventh edition. Stamford: Cengage Learning, 2015. ISBN 978-1-285-16587-5.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Economics Study plan (Version): Economic Informatics (4) Category: Economy 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Economics Study plan (Version): Management of Commerce (2) Category: Economy 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Economics Study plan (Version): Structural Policy of the EU for Public Administration (4) Category: Economy 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Economics Study plan (Version): Management of Commerce (4) Category: Economy 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Economics Study plan (Version): Structural Policy of the EU for Public Administration (3) Category: Economy 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Economics Study plan (Version): Accounting and Financial Management (4) Category: Economy 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Economics Study plan (Version): Accounting and Financial Management (3) Category: Economy 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Economics Study plan (Version): Financial and Insurance Mathematics (4) Category: Mathematics courses 1 Recommended year of study:1, Recommended semester: Winter