Sylabus predmetu EBA-MI - Microeconomics 1 (FBE - WS 2020/2021)


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Course code: EBA-MI
Course title in Czech:
Microeconomics 1
Course title in English:
Microeconomics 1
Semester: WS 2020/2021
Mode of completion and number of credits:
Exam (8 credits)
Mode of delivery and timetabled classes:
full-time, 2/2 (hours of lectures per week / hours of seminars per week)
Level of course: bachelor
Course type:
required
Type of delivery:
usual
Mode of delivery for our mobility students abroad:
-- item not defined --
Language of instruction:
English
Course supervisor:
Course supervising department:
Faculty:
Teachers:
Prerequisites: not Final Bachelor Exam and not Microeconomics I
 
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 agents behaviour. Second, it is a base for understanding methods used in economic processes research.
 
Course content:
1.
Principles of economics (allowance 6/6)
 
a.
Link between sourses and outputs in economy
b.
Use of resources
c.
Subject of economics and methods
d.Economic mechanism

2.
Consumer behaviour - demand in the markets of goods and services (allowance 2/2)
 
a.
Cardinal approach
b.
Ordinal approach

3.
Firm behaviour - supply in the markets of goods and services (allowance 2/2)
 
a.
Production function
b.
Measures of costs
c.
Revenues
d.
Economic profit
e.Equilibrium of a firm in perfectly competitive market

4.Market equilibrium and effectiveness in perfectly competitive market (allowance 2/2)
 
a.Competition
b.Production efficiency
c.
Allocative efficiency

5.
Equilibrium in imperfect competitive markets (allowance 4/4)
 
a.
Oligopoly
b.
Monopolistic competition
c.
Monopoly and antimonopoly regulation

6.
Markets for the factors of production (allowance 8/8)
 
a.
Demand in the markets of factors of production
b.
Supply in the markets of factors of production, supply of labor
c.
Labor market and unemployment
d.
Capital, interest rate and investment decision-making

7.
International exchange and its importance (allowance 2/2)
 
a.Absolute advantage
b.
Comparative advantage

8.Other characteristics of market environment (allowance 2/2)
 
a.
Ownership, externalities, public goods
b.Impact of state intervention

Learning activities and teaching methods:
Type of teaching method
Daily attendance
lecture
28 h
practice28 h
preparation for exam
76 h
preparation for regular testing
10 h
Total
142 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 60% success is requested. Emphasis is placed on written part. Student is evaluated as follows: A (at least 92%), B (at least 84%), C (at least 76%), D (at least 68%) or E (at least 60%). 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. In the case of failure, the student could write one compensatory test, 50% success is minimum to obtain the credit.
 
Assessment criteria ratio:
Requirement typeDaily attendance
Total0 %
 
Recomended reading and other learning resources:
Basic:
MANKIW, N G. Principles of Economics, 6th edition. USA: South-Western Cengage Learning, 2012. 856 p. ISBN 978-0-538-45305-9.

Recommended:
FRANK, R H. Microeconomics and behavior. 9th ed. New York: McGraw-Hill Education, 2015. 631 p. Series in economics (The McGraw-Hill/Irwin). ISBN 978-1-259-25393-5.

Course listed in study plans for this semester:
Programme B-EAMA Economics and Management, full-time form, initial period SS 2019/2020
Programme B-EAMA Economics and Management, full-time form, initial period WS 2020/2021
 
Course listed in previous semesters:
 (and older)
Teaching place:
Brno


Last modification made by Ing. Jiří Gruber on 06/17/2020.

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