Course syllabus MI2 - Microeconomics II (FBE - SS 2018/2019)

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Course code:
Course title in Czech:
Microeconomics II
Course title in English: Microeconomics II
SS 2018/2019
Mode of completion and number of credits: Exam (6 credits)
Mode of delivery and timetabled classes: full-time, 2/2 (hours of lectures per week / hours of seminars per week)
part-time, 16/0 (lectures per period / seminars per period)
Level of course:
master continuing
Course type:
Type of delivery:
Mode of delivery for our mobility students abroad: -- item not defined --
Language of instruction: Czech
Course supervisor:
Course supervising department:
Faculty of Business and Economics
Ing. Veronika Kajurová, Ph.D. (examiner)
Bc. Ing. Marek Litzman, Ph.D. (examiner)
doc. Ing. Petr Rozmahel, Ph.D. (examiner, supervisor)
Final Bachelor Exam
Timetable in this semester:
-- item not defined --
Aim of the course and learning outcomes:
The course provides a standard overview of microeconomic theory corresponding to intermediate courses. The course is primarily focused on extension of the consumer and firm theory in particular market settings. The course also aims at market efficiency and market failures. A particular attention is paid to theory applications.
Course content:
Consumer choice (allowance 8/10)
utility, optimal choice, consumer demand, market demand
net and gross demands, initial endowment, intertemporal choice
leisure time, uncertainty

2.Theory of the firm (allowance 10/12) and production, costs and revenues, firm profit
optimal production in the firm
output, price and profit in the short run and the long run
firm supply and market environments

3.Exchange and market equilibrium (allowance 4/2)
production possibility frontier, exchange, Pareto efficiency
price, market equilibrium and its changes, state interventions and regulations

Factor markets (allowance 4/4)
equilibrium in factor markets
imperfect competition in the labour market
interest rate and capital market equilibrium

5.General equilibrium, property rights and public choice (allowance 2/0)
general equilibrium
externalities, public goods

Learning activities and teaching methods:
Type of teaching methodDaily attendanceCombined form
lecture28 h
0 h
28 h0 h
consultation0 h16 h
preparation for exam70 h152 h
preparation for regular assessment12 h
0 h
preparation for regular testing30 h
0 h
168 h
168 h
Assessment methods:
The course is finalized with the exam consisting of written and oral part. The written part contains a computational task, multiple-choice test of 10 questions and an open-ended question. The written part is awarded with the maximum of 100 points divided as follows: the computational tasks 25 points, multiple-choice test 40 points and open-ended question 35 points. To pass the written part, the minimum of 50 points is requested. If successful and being awarded with less than 70 points, the exam continues with the oral part. Otherwise the oral part is voluntary.
The final exam can be taken only after passing 2 preliminary tests. The minimum of 10 points out of 25 points in each test and the minimum of 25 points in total are required.
Assessment criteria ratio:
Requirement type
Daily attendance
Combined form
0 %
0 %
Recomended reading and other learning resources:
HOLMAN, R. Mikroekonomie: středně pokročilý kurz. 2nd ed. V Praze: C.H. Beck, 2007. 592 p. Beckovy ekonomické učebnice. ISBN 978-80-7179-862-0.
VARIAN, H R. Intermediate microeconomics: a modern approach. 8th ed. New York: W.W. Norton & Co., 739 p. ISBN 978-0-393-93424-3.

ŠEVELA, M. -- MELICHAROVÁ, A. Mikroekonomie II: (středně pokročilý kurz). 1st ed. Brno: Mendelova univerzita v Brně, 2011. 168 p. ISBN 978-80-7375-565-2.
SOUKUPOVÁ, J. -- HOŘEJŠÍ, B. -- MACÁKOVÁ, L. Mikroekonomie (5. aktualizované vydání). Praha: Management Press, 2010. 576 p. ISBN 978-80-7261-218-5.

Course listed in study plans for this semester:
-- item not defined --
Course listed in previous semesters: WS 2020/2021, SS 2019/2020, WS 2019/2020, WS 2018/2019, SS 2017/2018, WS 2017/2018 (and older)
Teaching place: Brno

Last modification made by Ing. Jiří Gruber on 02/05/2019.

Type of output: