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

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Course code:
Course title in Czech: Intermediate Microeconomics
Course title in English:
Intermediate Microeconomics
WS 2017/2018
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)
Level of course: master continuing
Course type: required
Type of delivery:
usual, consulting
Mode of delivery for our mobility students abroad:
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Language of instruction:
Course supervisor: Ing. Ladislava Issever Grochová, Ph.D.
Course supervising department:
Teachers: Ing. Ladislava Issever Grochová, Ph.D. (supervisor)
Ing. Veronika Kajurová, Ph.D. (examiner, instructor)
Ing. Bc. Martin Machay, Ph.D. (examiner, instructor, lecturer)
Timetable in this semester:
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Aim of the course and learning outcomes:
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 content:
Consumer Behaviour (allowance 12/10)
Neo-classical approach
Alternative approaches

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

Factor of production markets (allowance 4/4)
Perfectly competitive markets
Imperfectly competitive markets

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

Learning activities and teaching methods:
Type of teaching method
Daily attendance
lecture28 h
28 h
preparation for exam80 h
preparation for regular assessment
32 h
168 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.
Assessment criteria ratio:
Requirement type
Daily attendance
0 %
Recomended reading and other learning resources:
VARIAN, H R. Intermediate microeconomics: a modern approach. 8th ed. New York: W.W. Norton & Co., 739 p. ISBN 978-0-393-93424-3.
KRUGMAN, P R. -- WELLS, R. Microeconomics. New York: Worth Publishers, 2004. 537 p. ISBN 0-7167-5229-8.
BERGSTROM, T C. -- VARIAN, H R. Workouts in intermediate microeconomics. 8th ed. New York: W.W. Norton, 562 p. ISBN 978-0-393-93515-8.

REES, R. Microeconomics. 3rd ed. New York: Pearson Education, 2004. 738 p. ISBN 0-582-40487-8.
Advanced microeconomic theory. 2nd ed. Boston: Addison Wesley, 543 p. ISBN 0-321-20453-0.
LEE, D R. Microeconomics for MBAs: the economic way of thinking for managers. 2nd ed. Cambridge: Cambridge University Press, 2010. 536 p. ISBN 978-0-521-19147-0.
Study guide to accompany Parkin microeconomics. Boston: Pearson Addison-Wesley, 2010. 353 p. ISBN 978-0321-60911-3.

Course listed in study plans for this semester:
Field of study C-EMAJ-MEEN Business Economics and Management, full-time form, initial period SS 2016/2017
Field of study C-EMAJ-MEEN Business Economics and Management, full-time form, initial period WS 2017/2018
Course listed in previous semesters:
Teaching place: Brno

Last modification made by Ing. František Ostřížek on 05/22/2017.

Type of output: