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


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Course code: RRMIEA
Course title in Czech:
Microeconomics in English
Course title in English:
Microeconomics in English
Semester: WS 2019/2020
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, 20/0 (lectures per period / seminars per period)
Level of course:
bachelor
Course type:
optional
Type of delivery: consulting
Mode of delivery for our mobility students abroad:
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Language of instruction:
English
Course supervisor:
Course supervising department:
Department of Regional and Business Economics (FRDIS)
Faculty: Faculty of Regional Development and International Studies
Teachers:
prof. Dr. Ing. Libor Grega (supervisor)
Prerequisites:
 
Timetable in this semester:
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Aim of the course and learning outcomes:
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 content:
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
b.
Costs
c.
Supply and Determinants of Supply

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

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 activities and teaching methods:
Type of teaching method
Daily attendance
Combined form
lecture
28 h
20 h
practice
28 h0 h
preparation for exam
72 h
80 h
preparation for regular assessment
10 h
43 h
preparation for regular testing
30 h
25 h
Total
168 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.
 
Assessment criteria ratio:
Requirement type
Daily attendance
Combined form
Total0 %0 %
 
Recomended reading and other learning resources:
Basic:
PARKIN, M. Microeconomics. 6th ed. Boston: Addison Wesley, 501 p. ISBN 0-321-21071-9.
FRANK, R H. Microeconomics and behavior. New York: McGraw-Hill, 1991. 26 p. ISBN 0-07-021870-6.

Recommended:
MANKIW, N G. Principles of Economics, 6th edition. USA: South-Western Cengage Learning, 2012. 856 p. ISBN 978-0-538-45305-9.
VARIAN, H R. Intermediate microeconomics: a modern approach. 8th ed. New York: W.W. Norton & Co., 739 p. ISBN 978-0-393-93424-3.

Course listed in study plans for this semester:
-- item not defined --
 
Course listed in previous semesters:
WS 2020/2021, SS 2019/2020, SS 2018/2019, WS 2018/2019, SS 2017/2018, WS 2017/2018 (and older)
Teaching place:
Brno


Last modification made by Bc. Vít Karber on 11/20/2019.

Type of output: