Course syllabus 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:
Ing. Veronika Kajurová, Ph.D.
Course supervising department:
Faculty:
Teachers:
Ing. Veronika Kajurová, Ph.D. (supervisor)
Ing. Dennis Nchor, MSc., Ph.D. (examiner, instructor, lecturer)
Prerequisites:
 
Timetable in this semester:
Day
From-tillRoomTeacher
Entry
FrequencyCapacity
Tuesday13.00-14.50
Q22
Lecture
Every week
74
Tuesday
15.00-16.50
Q32
Seminar
Every week
40
Wednesday
13.00-14.50
Q32
D. Nchor
Seminar
Every week
40
 
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 4/4)
 
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
26 h
practice
26 h
preparation for exam
112 h
preparation for regular testing
60 h
Total
224 h
 
Assessment methods:
Credit:
Two partial tests are written during the study period. 60% success (in average) is required to obtain the credit. In the case of failure, the student could write one compensatory test, 60% success is minimum to obtain the credit. The points for credit are not a part of final evaluation.

Exam:
The course is finalised by exam which consists of a written part (60 minutes) and an oral part. Emphasis is put on written part. To pass the written part of the exam at least 60% points from 80 possible points is requested (48 points).

Final evaluation:
Final grade is based on the sum of points earned from two partial tests and written exam. Student is evaluated as follows: A (90-100 points), B (83-89 points), C (75-82 points), D (68-74 points) or E (60-67 points). Students may attend voluntarily the oral examination when reaching the B - E grades.

In case of fraud, a student will be graded by F and disciplinary procedure will be initiated.
 
Assessment criteria ratio:
Requirement type
Daily attendance
Mid-term test(s)
20 %
Final test
80 %
Total100 %
 
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 09/18/2020.

Type of output: