Course syllabus RRMIEA - Microeconomics in English (FRDIS - WS 2017/2018)

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Course title: Microeconomics in English
Semester: WS 2017/2018
Course supervisor: prof. Dr. Ing. Libor Grega
Supervising department: Department of Regional and Business Economics (FRDIS)
Time allowance: full-time, 2/2 (hours of lectures per week / hours of seminars per week)
part-time, 20/0 (lectures per period / seminars per period)
Prerequisites for registration: not Microeconomics
Type of study: consulting
Form of teaching: lecture, seminar
Mode of completion and credits: Exam (6 credits)
Course objective:
This course provides systematic basics of the microeconomic theories and therefore creates theoretical-methodological presumptions for further studies of applied disciplines such as business economics, environmental economics, industrial economics, regional economics etc. Within the course, explanations and interpretations of the behaviour of economical subjects under different market structures are based on the neoclassical approach.
Course content:
1.Introduction to Microeconomics (allowance 8/0)
a.Economics and microeconomics
b.Market, market subjects, market mechanism
c.Basic concepts in Microeconomics

2.Consumer Behavior and Demand (allowance 8/0)
a.Utility, preferences and consumer optimum
b.Demand and Determinants of Demands

3.Firm Behavior and Supply (allowance 8/0)
a.Technology and Production
c.Supply and Determinants of Supply

4.Market of Goods and Services (allowance 8/0)
a.Perfect Competition
c.Monopolistic Competition

5.Market for factors of production (allowance 8/4)
a.Demand and supply on the markets of factors of production
b.Labour market
c.Capital market

6.General Equilibrium (allowance 8/0)
a.Effectivity in Production
b.Effectivity in Consumption
c.Welfare Maximalization

7.The Role of State in Economy (allowance 8/0)
a.Market failures
b.Forms of State Intervences

Teaching methods and workload (hours of workload):
Type of teaching methodDaily attendanceCombined form
Direct teaching
     lecture56 h20 h
     preparation for exam72 h80 h
     preparation for regular assessment10 h43 h
     preparation for regular testing30 h25 h
Total168 h168 h
Key words:
Course completion:
Course is finished by written exam composed of three open questions where the student proves systematic knowledge of microeconomic issues in extend of this course. Condition of participation in final exam is course credit. Students receives course credit based on a partial test, which consists of application of demonstration examples.
Course methods: The course is realized by lectures within demonstration examples.
Reading list:
PARKIN, M. Microeconomics. 6th ed. Boston: Addison Wesley, 501 p. ISBN 0-321-21071-9.
FRANK, R H. Microeconomics and behavior. New York: McGraw-Hill, 1991. 26 p. ISBN 0-07-021870-6.

MANKIW, N G. Principles of Economics, 6th edition. USA: South-Western Cengage Learning, 2012. 856 p. ISBN 978-0-538-45305-9.
VARIAN, H R. Intermediate microeconomics: a modern approach. 8th ed. New York: W.W. Norton & Co., 739 p. ISBN 978-0-393-93424-3.

Study plans:
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Run in the period of: WS 2019/2020, SS 2018/2019, WS 2018/2019, SS 2017/2018, SS 2016/2017, WS 2016/2017   (and older)
Course tutor: prof. Dr. Ing. Libor Grega (examiner, supervisor)
Teaching language: English
Town: Brno

Last modification made by Bc. Vít Karber on 07/13/2017.

Type of output: