Course syllabus MI2 - Microeconomics II (FBE - WS 2020/2021)


     Czech          English          


Course code: MI2
Course title in Czech:
Microeconomics II
Course title in English: Microeconomics II
Semester:
WS 2020/2021
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: It is possible to study this subject during mobility.
Language of instruction:
Czech
Course supervisor: doc. Ing. Petr Rozmahel, Ph.D.
Course supervising department: Department of Economics (FBE)
Faculty:
Teachers:
Ing. Ladislava Issever Grochová, Ph.D. (examiner, instructor)
Bc. Ing. Marek Litzman, Ph.D. (examiner, instructor, lecturer)
doc. Ing. Petr Rozmahel, Ph.D. (lecturer, supervisor)
Prerequisites:
 
Timetable in this semester:
DayFrom-tillRoomTeacher
Entry
Frequency
CapacityNote
Monday
9.00-10.50Q28L. Issever GrochováSeminarEvery week
32
 
Monday
13.00-14.50
Q48
L. Issever Grochová
Seminar
Every week
32
 
Monday15.00-16.50Q42Seminar
Every week
32 
Tuesday
9.00-10.50
Q31M. Litzman
Seminar
Every week
32
 
Wednesday
9.00-10.50
Q02
Lecture
Every week
200
 
Thursday15.00-16.50Q32M. LitzmanSeminar
Every week
32
 
Thursday17.00-18.50Q32M. LitzmanSeminarEvery week
32
Friday
9.00-12.50Q03Lecture
Occasionally
170 
 
Aim of the course and learning outcomes:
Within the course, the student acquires a systematic deepening of knowledge of microeconomic theory corresponding to intermediate courses. The student expands theoretical knowledge in the field of consumer and business behavior in various markets, but also focuses on the efficiency of markets, respectively on selected cases of market failure. When interpreting microeconomic theory, the student acquires not only theoretical knowledge but also application skills, which are emphasized during the interpretation.
 
Course content:
1.
Consumer choice (allowance 8/10)
 
a.Cardinalistic and ordinalistic theory of utility, definition of utility, individual and market demand.
b.
Elasticity of demand, decomposition of optimum changes into individual effects.
c.
Expanding consumer theory, decision making between consumption and leisure time, decision making between present and future consumption.

2.
Theory of the firm (allowance 12/12)
 
a.
Production functions, incomes, costs and profit of the company.
b.
Optimal production level, production balance of the company.
c.
Firm in a perfectly competitive environment, market equilibrum.
d.
Firm in imperfectly competitive environment, behavior of oligopoly, monopoly and monopolistic competition. Possibilities of discrimination and strategic behavior.

3.
Exchange and market equilibrium (allowance 2/2)
 
a.Formation of market price and market equilibrium, state interference in market equilibrium.
b.Production possibilities frontier, advantages and benefits of exchange.

4.
Factor markets (allowance 4/4)
 
a.
Labor market, labor market equilibrium, equilibrium wage, minimum wage and other state interventions.
b.
The behavior of the company in the labor market in a perfectly and imperfectly competitive environment, discrimination in the labor market.
c.
Capital market, the role of interest rate.

5.
General equilibrium, market failures (allowance 2/0)
 
a.
General equilibrium, Pareto concept of efficiency.
b.
Market failures: externalities, public goods, asymmetric information - implications for allocation and remedies.

Learning activities and teaching methods:
Type of teaching method
Daily attendance
Combined form
lecture
28 h
0 h
practice
28 h
0 h
consultation
0 h16 h
preparation for exam
70 h122 h
preparation for regular assessment
12 h
0 h
preparation for regular testing
30 h30 h
Total
168 h
168 h
 
Assessment methods:
The course ends with an exam. The exam is written and optionally oral. The condition for passing the exam is to gain at least 50% of possible points, but the condition for successful completion of the course is to gain at least 60% of points in the sum. The scoring scale is governed by faculty regulations. The final grade is given by the sum of points from the credit and from the written part of the exam. A student who has met the conditions for completing the course has the opportunity to request an oral examination.
The student may take the final exam if he/she has passed the preliminary tests. To pass the test the student must obtain at least 50% points from two written papers, which are written during the semester mainly from the content of exercises. In case of failure, it is possible to pass the preliminary test in a comprehensive correction term, from which it is necessary to get at least 50% points.
The part-time students end ends the course only with one credit test and an exam; points necessary to comply do not differ.
 
Assessment criteria ratio:
Requirement typeDaily attendance
Combined form
Mid-term test(s)
50 %
50 %
Final test
50 %
50 %
Total100 %100 %
 
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 2019/2020
Field of study C-EM-ME Business Economics and Management, full-time form, initial period SS 2019/2020
Field of study C-EM-ME Business Economics and Management, part-time form, initial period SS 2019/2020
Field of study C-EPA-FIM Finance and Investment Management, full-time form, initial period SS 2019/2020
Field of study C-EPA-UAD Accounting and Taxes, full-time form, initial period WS 2020/2021
Field of study C-EPA-FIM Finance and Investment Management, full-time form, initial period WS 2020/2021
Programme C-EAM Economics and Management, full-time form, initial period WS 2020/2021
Field of study C-EM-ME Business Economics and Management, part-time form, initial period WS 2020/2021
Programme C-EAM Economics and Management, part-time form, initial period WS 2020/2021
Field of study C-EM-ME Business Economics and Management, full-time form, initial period WS 2020/2021
 
Course listed in previous semesters:
Teaching place:
Brno


Last modification made by Ing. Jiří Gruber on 09/15/2020.

Type of output: