Course syllabus MI1A - Microeconomics I (FBE - WS 2017/2018)

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Course code: MI1A
Course title in language of instruction: Microeconomics I
Course title in Czech: Microeconomics I
Course title in English: Microeconomics I
Mode of completion and number of credits: Exam (6 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes: full-time, 2/1 (hours of lectures per week / hours of seminars per week)
Language of instruction: English
Level of course: bachelor
Semester: WS 2017/2018
Name of lecturer: Ing. Diya Elizabeth Abraham (examiner, instructor, lecturer)
Ing. Ladislava Issever Grochová, Ph.D. (supervisor)
Prerequisites: not Final Bachelor Exam
Aims of the course:
Student will gain basic knowledge in field of microeconomics on the level of introductory economics course. Tuition is based upon utilisation of modern analytic tools of mainstream microeconomics with emphasis on adoption of basic economic thinking. The students will acquire skills needed for study other economic sciences.
Course contents:
1.Market and market mechanism (allowance 2/1)
2.Theory of consumer (allowance 8/4)
a.Consumer's optimum
b.Consumer's behaviour

3.Theory of firm (allowance 10/5)
a.Production analysis and costs
b.Revenue and profit of firm
c.Firm behaviour in different market structures

4.Markets for factors of production (allowance 4/2)
5.General equilibrium (allowance 2/1)
6.Market failure (allowance 2/1)
Learning outcomes and competences:
Generic competences:
-ability to analyse and synthesize
-ability to apply knowledge
-ability to solve problems
-ability to work in interdisciplinary team
-capacity to learn
-science and research skills

Specific competences:
-Student can create graphic model of economic problem, solve the problem by suitable methods, interpret results
-Student can explain the optimizing behaviour of economic agents including the consequences
-Student describes decision-making processes of firms in perfectly and imperfectly competitive markets
-Student is able to define basic economic terms and name elementary economic connections
-Student knows the impacts of market failures and can foresee their conseguences in individual cases

Type of course unit: required
Year of study: Not applicable - the subject could be chosen at anytime during the course of the programme.
Work placement: There is no compulsory work placement in the course unit.
Recommended study modules: -
Learning activities and study load (hours of study load):
Type of teaching methodDaily attendance
Direct teaching
     lecture28 h
     practice14 h
     preparation for exam90 h
     preparation for regular testing36 h
Total168 h
Assessment methods:
In order to finish successfully Microeconomics I student must sit for a 30-minute seminar test first which must be at least 50% correct (i.e. 15 points out of 30). The seminar test consists mainly of practical tasks (counting, graphs). Exam consists of written (30 minutes, 50% required to continue) and oral part. Final classification takes into account student's results form seminars and classes.
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQŠEVELA, M.Microeconomics I : (introductory course).BrnoMendelova univerzita v Brně2012978-80-7157-819-2
RQBERNANKE, B.Principles of microeconomicsBostonMcGraw-Hill/Irwin978-0-07-319398-4
RQKRUGMAN, P R. -- WELLS, R.MicroeconomicsNew YorkWorth Publishers20040-7167-5229-8
RQStudy guide to accompany Parkin microeconomicsBostonPearson Addison-Wesley2010978-0321-60911-3
REVARIAN, H R.Intermediate microeconomics: a modern approachNew YorkW.W. Norton & Co.978-0-393-93424-3
REMANKIW, N G.Principles of Economics, 6th editionUSASouth-Western Cengage Learning2012978-0-538-45305-9
REPARKIN, M.MicroeconomicsBostonAddison Wesley0-321-21071-9


Last modification made by Ing. Jiří Gruber on 05/15/2017.

Type of output: