Course: Microeconomics I

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Course title Microeconomics I
Course code KEN/YMIE1
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 English
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Course availability The course is available to visiting students
Lecturer(s)
  • Alina Jiří, Ing. Ph.D.
  • Volek Tomáš, Ing. Ph.D.
Course content
Lectures and seminars topics: Market, market functions Demand, Supply Theory of Consumer Behaviour and Market Demand Theory of Production in the Short-Run and the Long-Run Costs Perfect Competition Imperfect Market Structures and the Price Discrimination Alternative Theories of Firm Behaviour Factor Pricing under Perfect Competition Factor Pricing under Imperfect Competition Externalities, Public goods Welfare Economics, Efficiency and Justice

Learning activities and teaching methods
Monologic (reading, lecture, briefing)
  • 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
The objective of the course is to provide a complex theoretical basis for applied economics disciplines and to deepen and expand students´ knowledge acquired in macroeconomics and microeconomics. The first part of the course is aimed at the field of microeconomics. The second part is focused on deepening knowledge of basic macroeconomics.
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

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
  • KRUGMAN, Paul R. a Robin WELLS. Microeconomics. 3rd ed.. Microeconomics. 3rd ed. New York: Worth Publishers, 2013. ISBN 9781429283427.
  • MANKIW, N. Principles of economics. 6th ed. Mason. OH: South-Western Cengage Learning, 2008. ISBN 05-384-5305-2.
  • NORDHAUS, William D a Paul A SAMUELSON. Microeconomics: a version of economics. 13. ed. New York: McGraw-Hill, 1989. ISBN 0070548781.
  • Snyder, CH., Nicholson, W. Microeconomic Theory. Cengage Learning, 2011. ISBN 978-1-111-52551-4.


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): - (1) Category: Economy 1 Recommended year of study:1, Recommended semester: Winter