Course syllabus RRMIEA - Microeconomics in English (FRDIS - WS 2019/2020)

     ECTS syllabus          Syllabus          Timetable          

     Czech          English          

Course code: RRMIEA
Course title in language of instruction: Mikroeconomics in English
Course title in Czech: Microeconomics in English
Course title in English: Microeconomics in English
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)
part-time, 20/0 (lectures per period / seminars per period)
Language of instruction: English
Level of course: bachelor
Semester: WS 2019/2020
Name of lecturer: prof. Dr. Ing. Libor Grega (supervisor)
Prerequisites: not Microeconomics
Aims of the course:
This course provides systematic basics of the microeconomic theories and therefore creates theoretical-methodological presumptions for further studies of applied disciplines such as business economics, environmental economics, industrial economics, regional economics etc. Within the course, explanations and interpretations of the behaviour of economical subjects under different market structures are based on the neoclassical approach.
Course contents:
1.Introduction to Microeconomics (allowance 8/0)
a.Economics and microeconomics
b.Market, market subjects, market mechanism
c.Basic concepts in Microeconomics

2.Consumer Behavior and Demand (allowance 8/0)
a.Utility, preferences and consumer optimum
b.Demand and Determinants of Demands

3.Firm Behavior and Supply (allowance 8/0)
a.Technology and Production
c.Supply and Determinants of Supply

4.Market of Goods and Services (allowance 8/0)
a.Perfect Competition
c.Monopolistic Competition

5.Market for factors of production (allowance 8/4)
a.Demand and supply on the markets of factors of production
b.Labour market
c.Capital market

6.General Equilibrium (allowance 8/0)
a.Effectivity in Production
b.Effectivity in Consumption
c.Welfare Maximalization

7.The Role of State in Economy (allowance 8/0)
a.Market failures
b.Forms of State Intervences

Learning outcomes and competences:
Generic competences:
-Ability to analyse and synthesize
-Capacity to learn
-Professional knowledge
-Skilled at utilizing and processing information

Specific competences:
-Make consistent conclusions from behaviour of market subjects at both general and regional level
-Quantitative analysis of the market environment, determine its dynamics within the context of development of substantial factors
-Student can evaluate of the impacts of basic interventions on market equilibrium
-Student is able to determine the economical effective level of the production within different
-Student is able to do the quantitative analysis of the demand and supply in market for goods
-Student is able to explain the market failures
-Student knows the partial market equilibrium and its dynamics
-Student understands a mechanism of behaviour of economical subjects under various market
-Understand and utilize theoretical knowledge for market environment quantitative analysis

Type of course unit: optional
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 attendanceCombined form
Direct teaching
     lecture28 h20 h
     practice28 h0 h
     preparation for exam72 h80 h
     preparation for regular assessment10 h43 h
     preparation for regular testing30 h25 h
Total168 h168 h
Assessment methods:
The course is completed by written examination where the students prove systematic knowledge of microeconomic issues in the scope of the syllabus of the course. Written test contents 3 open questions. Percentage score of at least 60% is required for a minimal pass performance for the course. If the percentage score of the written test is between 50 and 59,9 percent, students are allowed to undertake oral part of the exam.
First eligibility condition for participation at written examination is course credit. Students receive course credit based on a successful credit test (at least percentage score 50%) and at least 80% attendance at seminars. Credit test consists of 4 examples corresponding with the content of seminars.
At least 80% attendance at lectures is required as the second eligibility condition for participation at written examination.
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQPARKIN, M.MicroeconomicsBostonAddison Wesley0-321-21071-9
RQFRANK, R H.Microeconomics and behaviorNew YorkMcGraw-Hill19910-07-021870-6
REMANKIW, N G.Principles of Economics, 6th editionUSASouth-Western Cengage Learning2012978-0-538-45305-9
REVARIAN, H R.Intermediate microeconomics: a modern approachNew YorkW.W. Norton & Co.978-0-393-93424-3


Last modification made by Bc. Vít Karber on 10/01/2019.

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