Course syllabus MI2 - Microeconomics II (FBE - WS 2018/2019)


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Course code:
MI2
Course title in Czech: Microeconomics II
Course title in English: Microeconomics II
Semester:
WS 2018/2019
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)
part-time, 16/0 (lectures per period / seminars per period)
Level of course:
master continuing
Course type: required
Type of delivery:
usual, consulting
Mode of delivery for our mobility students abroad:
-- item not defined --
Language of instruction: Czech
Course supervisor: doc. Ing. Petr Rozmahel, Ph.D.
Course supervising department: Department of Economics (FBE)
Faculty:
Teachers:
Ing. Jitka Dušková, Ph.D. (examiner, instructor)
Bc. Ing. Marek Litzman, Ph.D. (examiner, instructor, lecturer)
doc. Ing. Petr Rozmahel, Ph.D. (examiner, instructor, lecturer, supervisor)
Prerequisites:
 
Timetable in this semester:
Day
From-till
RoomField of studyYear of studyGroupTeacherEntry
Frequency
Capacity
Monday9.00-10.50Q02
P. Rozmahel, M. LitzmanLectureEvery week200
Monday13.00-14.50
Q41
Seminar
Every week
32
Tuesday13.00-14.50Q22
J. DuškováSeminar
Every week
32
Wednesday
9.00-10.50
Q32
M. Litzman
Seminar
Every week32
Wednesday13.00-14.50Q48SeminarEvery week32
Thursday
13.00-14.50Q22
Seminar
Every week
32
Thursday
15.00-16.50
Q22
M. Litzman, P. Rozmahel
Seminar
Every week
32
Friday
9.00-12.50
Q22
N-EM-ME
 
 
 
1
1
2
3
61
 
 
 
P. Rozmahel, M. LitzmanLectureOccasionally
90
 
Aim of the course and learning outcomes:
The course provides a standard overview of microeconomic theory corresponding to intermediate courses. The course is primarily focused on extension of the consumer and firm theory in particular market settings. The course also aims at market efficiency and market failures. A particular attention is paid to theory applications.
 
Course content:
1.Consumer choice (allowance 8/10)
 
a.
utility, optimal choice, consumer demand, market demand
b.
net and gross demands, initial endowment, intertemporal choice
c.
leisure time, uncertainty

2.
Theory of the firm (allowance 10/12)
 
a.
technology and production, costs and revenues, firm profit
b.
optimal production in the firm
c.
output, price and profit in the short run and the long run
d.
firm supply and market environments

3.
Exchange and market equilibrium (allowance 4/2)
 
a.
production possibility frontier, exchange, Pareto efficiency
b.
price, market equilibrium and its changes, state interventions and regulations

4.
Factor markets (allowance 4/4)
 
a.
equilibrium in factor markets
b.
imperfect competition in the labour market
c.
interest rate and capital market equilibrium

5.
General equilibrium, property rights and public choice (allowance 2/0)
 
a.
general equilibrium
b.
externalities, public goods

Learning activities and teaching methods:
Type of teaching method
Daily attendance
Combined form
lecture
28 h0 h
practice
28 h
0 h
consultation0 h
16 h
preparation for exam70 h
152 h
preparation for regular assessment
12 h
0 h
preparation for regular testing30 h
0 h
Total
168 h168 h
 
Assessment methods:
The course is finalized with the exam consisting of written and oral part. The written part contains a computational task, multiple-choice test of 10 questions and an open-ended question. The written part is awarded with the maximum of 100 points divided as follows: the computational tasks 25 points, multiple-choice test 40 points and open-ended question 35 points. To pass the written part, the minimum of 50 points is requested. If successful and being awarded with less than 70 points, the exam continues with the oral part. Otherwise the oral part is voluntary.
The final exam can be taken only after passing 2 preliminary tests. The minimum of 10 points out of 25 points in each test and the minimum of 25 points in total are required.
 
Assessment criteria ratio:
Requirement typeDaily attendanceCombined form
Total
0 %
0 %
 
Recomended reading and other learning resources:
Basic:
HOLMAN, R. Mikroekonomie: středně pokročilý kurz. 2nd ed. V Praze: C.H. Beck, 2007. 592 p. Beckovy ekonomické učebnice. ISBN 978-80-7179-862-0.
VARIAN, H R. Intermediate microeconomics: a modern approach. 8th ed. New York: W.W. Norton & Co., 739 p. ISBN 978-0-393-93424-3.

Recommended:
ŠEVELA, M. -- MELICHAROVÁ, A. Mikroekonomie II: (středně pokročilý kurz). 1st ed. Brno: Mendelova univerzita v Brně, 2011. 168 p. ISBN 978-80-7375-565-2.
SOUKUPOVÁ, J. -- HOŘEJŠÍ, B. -- MACÁKOVÁ, L. Mikroekonomie (5. aktualizované vydání). Praha: Management Press, 2010. 576 p. ISBN 978-80-7261-218-5.

Course listed in study plans for this semester:
Field of study C-EPA-UAD Accounting and Taxes, full-time form, initial period SS 2017/2018
Field of study C-EM-ME Business Economics and Management, full-time form, initial period SS 2017/2018
Field of study C-EM-ME Business Economics and Management, part-time form, initial period SS 2017/2018
Field of study C-EPA-FIM Finance and Investment Management, full-time form, initial period SS 2017/2018
Field of study C-EPA-UAD Accounting and Taxes, full-time form, initial period WS 2018/2019
Field of study C-EPA-PA Public administration, full-time form, initial period WS 2018/2019
Field of study C-EM-ME Business Economics and Management, full-time form, initial period WS 2018/2019
Field of study C-EPA-FIM Finance and Investment Management, full-time form, initial period WS 2018/2019
Field of study C-EM-ME Business Economics and Management, part-time form, initial period WS 2018/2019
 
Course listed in previous semesters:
Teaching place:
Brno


Last modification made by Ing. Jiří Gruber on 05/21/2018.

Type of output: