Course syllabus MI1 - Microeconomics I (FBE - WS 2017/2018)


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Course code:
MI1
Course title in Czech:
Microeconomics I
Course title in English: Microeconomics I
Semester: WS 2017/2018
Mode of completion and number of credits:
Exam (6 credits)
Mode of delivery and timetabled classes:
full-time, 2/1 (hours of lectures per week / hours of seminars per week)
part-time, 16/0 (lectures per period / seminars per period)
Level of course:
bachelor
Course type:
required
Type of delivery:
usual
Mode of delivery for our mobility students abroad: -- item not defined --
Language of instruction: Czech
Course supervisor: prof. PhDr. Kamil Fuchs, CSc.
Course supervising department:
Faculty:
Faculty of Business and Economics
Teachers:
Ing. Pavel Breinek, Ph.D. (instructor)
Ing. Aleš Franc, Ph.D. (instructor)
prof. PhDr. Kamil Fuchs, CSc. (examiner, lecturer, supervisor)
Ing. Veronika Kajurová, Ph.D. (instructor)
Ing. Michal Mádr, Ph.D. (instructor)
Ing. Bc. Martin Machay, Ph.D. (examiner, instructor, lecturer)
Ing. Radek Náplava (instructor, tutor)
Prerequisites:
not Final Bachelor Exam
 
Timetable in this semester:
-- item not defined --
 
Aim of the course and learning outcomes:
Student will gain basic knowledge in field of microeconomics on the level of introductory economics course. A marginal analysis is stressed. First, it is an instrument to identify rules of economic agent behaviour. Second, it is a base for understanding methods used in economic processes research.
 
Course content:
1.Introduction to economics (allowance 4/2)
 
a.
Economy and rules of using sources
b.
Object and methods of economics
c.
Market mechanism

2.Market demand and supply (allowance 4/2)
 
a.
Marginal utility and consumer's behaviour
b.
Market demand and its elasticity
c.
Firm's cost and optimal output
d.Individual (firm) supply and market supply

3.
Theory of market (allowance 8/4)
 
a.
Market equilibrium and efficiency
b.
Effects achieved by exchange
c.Market inefficiency of imperfect competition
d.
Monopoly and its regulation

4.Factor markets (allowance 8/4)
 
a.
Formation of demand on factor markets
b.Supply on factor markets
c.
Laboure market mechanism and unemployement
d.
Capital and investment decisions

5.
Other characteristics of market environment (allowance 4/2)
 
a.
Ownership and public goods
b.
Externalities and other market failure

Learning activities and teaching methods:
Type of teaching methodDaily attendance
Combined form
lecture28 h16 h
practice
14 h0 h
preparation for exam
76 h
152 h
preparation for regular testing50 h
0 h
Total
168 h
168 h
 
Assessment methods:
The course is finalised by exam consisting of 60 minutes written test followed by oral part. To pass the written part of the exam at least 50% success is requested. Emphasis is placed on written part. Student is evaluated as follows: A (at least 90%), B (at least 80%), C (at least 70%), D (at least 60%) or E (at least 50%). Students are obliged to attend the oral examination when reaching the E grade. Students may attend voluntarily the oral examination when reaching the B - D grades. Full time students need credit before passing the exam.
Credit: Two partial tests are written during the study period. 50% success (in average) is required to obtain the credit, at least 40% success in each test. In the case of failure, the student could write one compensatory test, 50% success is minimum to obtain the credit.
 
Assessment criteria ratio:
Requirement type
Daily attendance
Combined form
Total0 %0 %
 
Recomended reading and other learning resources:
Basic:
HOLMAN, R. Ekonomie. 5th ed. V Praze: C.H. Beck, 2011. 696 p. Beckovy ekonomické učebnice. ISBN 978-80-7400-006-5.
MANKIW, N G. Zásady ekonomie. 1st ed. Praha: Grada Publishing, 2000. 763 p. ISBN 80-7169-891-1.

Recommended:
JUREČKA, V. et al. Mikroekonomie. 1st ed. Praha: Grada, 2010. 359 p. Expert. ISBN 978-80-247-3259-6.
MANKIW, N G. Principles of economics. 6th ed. Australia: South-Western, Cengage Learning, 2012. 856 p. International edition. ISBN 978-0-538-45342-4.
ŠEVELA, M. Mikroekonomie I: (úvodní kurz). 1st ed. Brno: Mendelova univerzita v Brně, 2011. 154 p. ISBN 978-80-7375-494-5.

Course listed in study plans for this semester:
Field of study B-SE-EI Economic informatics, full-time form, initial period WS 2016/2017
Field of study B-EM-ME Economics and Management, full-time form, initial period SS 2016/2017
Field of study B-SE-EI Economic informatics, full-time form, initial period SS 2016/2017
Field of study B-EM-TM Tourism Management, full-time form, initial period WS 2017/2018
Field of study B-EPA-F Finances, full-time form, initial period WS 2017/2018
Field of study B-EPA-PA Public administration, full-time form, initial period WS 2017/2018
Field of study B-EM-ME Economics and Management, full-time form, initial period WS 2017/2018
Field of study B-EM-AFE Agriculture and food economics, full-time form, initial period WS 2017/2018
Field of study B-EM-ME Economics and Management, part-time form, initial period WS 2017/2018
Field of study B-EM-TM Trade management, full-time form, initial period WS 2017/2018
Field of study B-EM-SE Social economics, full-time form, initial period WS 2017/2018
Field of study B-EPA-F Finances, part-time form, initial period WS 2017/2018
 
Course listed in previous semesters: SS 2019/2020, WS 2019/2020, SS 2018/2019, WS 2018/2019, SS 2017/2018, SS 2016/2017 (and older)
Teaching place:
Brno


Last modification made by Ing. Jiří Gruber on 09/11/2017.

Type of output: