Course syllabus MI2A - Intermediate Microeconomics (FBE - WS 2017/2018)

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Course code: MI2A
Course title in language of instruction: Intermediate Microeconomics
Course title in Czech: Intermediate Microeconomics
Course title in English: Intermediate Microeconomics
Mode of completion and number of credits: Exam (6 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes: full-time, 2/2 (hours of lectures per week / hours of seminars per week)
Language of instruction: English
Level of course: master continuing
Semester: WS 2017/2018
Name of lecturer: Ing. Ladislava Issever Grochová, Ph.D. (supervisor)
Ing. Veronika Kajurová, Ph.D. (examiner, instructor)
Ing. Bc. Martin Machay, Ph.D. (examiner, instructor, lecturer)
Prerequisites: Final Bachelor Exam
Aims of the course:
The course brings standard overview of the microeconomic theory at the intermediate level. The course deepens the knowledge for introductory microeconomics course. The major part focuses on neo-classical theory of decision, duality approach, perfectly and imperfectly competitive markets and general equilibrium. The increased attention is paid to alternative approaches to explanation of microeconomic phenomena.
Course contents:
1.Consumer Behaviour (allowance 12/10)
a.Neo-classical approach
c.Alternative approaches

2.Firm Behaviour and Market Structure (allowance 8/12)
a.Theory of production
b.Imperfectly competitive markets
c.Strategic behaviour
d.Alternative approaches

3.Factor of production markets (allowance 4/4)
a.Perfectly competitive markets
b.Imperfectly competitive markets

4.General equilibrium and efficiency (allowance 4/2)
a.Walras attitude
b.Edgeworth exchange theory
c.Effective allocation

Learning outcomes and competences:
Generic competences:
-ability to analyse and synthesize
-ability to apply knowledge
-ability to create new ideas (creativity)
-ability to make decisions
-ability to solve problems
-ability to work independently
-capacity to learn
-skilled at utilizing and processing information

Specific competences:
-Student can decide about appropriate approach to microeconomic modelling of economic reality
-Student can describe and expain the neo-classicalmicroeconomic model of consumer decision-making
-Student is able to explain behaviour of perfectly and imperfectly competitive market in neo-classical a alternative views
-Student knows to derive the consequences in firm behaviour to market preformance
-Student knows to model the consumer behavior in different market situations
-Student understands the principles of general equilibrium approach

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
     practice28 h
     preparation for exam80 h
     preparation for regular assessment32 h
Total168 h
Assessment methods:
Two partial written test for 45 minutes during the study period, at least 25 points in total from 50 available are required to obtain the credit. In the case of failure, the student could write one compensatory test, 50% success is minimum to obtain the credit. The course is finalised by exam consisting of 60 minutes written test followed by oral part. To pass the written part of the exam, again the minimum of 25 from 50 points is requested.
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQVARIAN, H R.Intermediate microeconomics: a modern approachNew YorkW.W. Norton & Co.978-0-393-93424-3
RQKRUGMAN, P R. -- WELLS, R.MicroeconomicsNew YorkWorth Publishers20040-7167-5229-8
RQBERGSTROM, T C. -- VARIAN, H R.Workouts in intermediate microeconomicsNew YorkW.W. Norton978-0-393-93515-8
REREES, R.MicroeconomicsNew YorkPearson Education20040-582-40487-8
REAdvanced microeconomic theoryBostonAddison Wesley0-321-20453-0
RELEE, D R.Microeconomics for MBAs: the economic way of thinking for managersCambridgeCambridge University Press2010978-0-521-19147-0
REStudy guide to accompany Parkin microeconomicsBostonPearson Addison-Wesley2010978-0321-60911-3


Last modification made by Ing. Jiří Gruber on 05/22/2017.

Type of output: