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

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Course code:
Course title in Czech:
Microeconomics I
Course title in English:
Microeconomics I
SS 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)
Level of course:
Course type: optional
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:
Department of Economics (FBE)
Faculty of Business and Economics
prof. PhDr. Kamil Fuchs, CSc. (examiner, instructor, lecturer, supervisor)
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:
Introduction to economics (allowance 4/2)
Economy and rules of using sources
Object and methods of economics
c.Market mechanism

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

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

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

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

Learning activities and teaching methods:
Type of teaching methodDaily attendance
28 h
14 h
preparation for exam76 h
preparation for regular testing50 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
0 %
Recomended reading and other learning resources:
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.

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:
-- item not defined --
Course listed in previous semesters: SS 2019/2020, WS 2019/2020, SS 2018/2019, WS 2018/2019, WS 2017/2018, SS 2016/2017 (and older)
Teaching place:

Last modification made by Ing. Jiří Gruber on 02/12/2018.

Type of output: