Course: Microeconomics 1

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Course title Microeconomics 1
Course code KEN/MI1
Organizational form of instruction Lecture + Lesson
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 eLearning
Work placements This is not an internship
Recommended optional programme components None
  • Alina Jiří, Ing. Ph.D.
  • Volek Tomáš, Ing. Ph.D.
  • Šetek Jaroslav, 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 exam - 42 hours per semester
  • Preparation for classes - 56 hours per semester
  • Class attendance - 42 hours per semester
  • Preparation for credit - 28 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.
There is no prerequisite for the course of Microeconomics 1 (MIE1).

Assessment methods and criteria
Combined exam

Credit Requirements: Elaboration of seminar paper work on given topic. Written test mainly for economics mathematical problems (to gain minimum 60% of total number of points). Time for test is 40 minutes. Credits will be awarded not earlier than 14 days before the end of the semester in accordance with the measure of Dean No. 124/2017 Article 15. Examination Requirements: Written test and oral part of exam. Final mark is based on the results of the credit tests and the discussion. Test contain mainly theoretical questions, two graphs and short economics mathematical problem. Students must reach minimum 16 points of total 32 points to pass test and continue to oral part of exam. Time for test is 30 minutes. The examinations will be written 3 weeks before the beginning of the examination period in accordance with the measure of Dean No. 124/2017 Article 15.
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. Praze: C.H. Beck, 2016. ISBN 978-80-7400-278-6.
  • KRUGMAN, Paul R. a Robin, WELLS. Microeconomics. 3rd ed. New York: Worth Publishers,, 2013. ISBN 978-1-4292-8.
  • 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