Course syllabus MI2A - Intermediate Microeconomics (FBE - WS 2020/2021)


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Course code:
MI2A
Course title in Czech:
Intermediate Microeconomics
Course title in English:
Intermediate Microeconomics
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)
Level of course:
master continuing
Course type:
required
Type of delivery: usual, consulting
Mode of delivery for our mobility students abroad:
A student studying abroad will write a comprehensive reparatory credit test (maximum 40 points) instead of proper credit tests. Points for the activity will be replaced by a seminar paper, from which the student can obtain a maximum of 10 points. After meeting these requirements, a student will be given the credit.
Language of instruction:
English
Course supervisor: Ing. Ladislava Issever Grochová, Ph.D.
Course supervising department:
Faculty:
Faculty of Business and Economics
Teachers:
Ing. Ladislava Issever Grochová, Ph.D. (examiner, instructor, lecturer, supervisor)
Prerequisites:
 
Timetable in this semester:
DayFrom-till
Room
TeacherEntryFrequency
Capacity
Thursday
9.00-10.50
Q22L. Issever GrochováLectureEvery week
74
Thursday
11.00-12.50
Q22
Seminar
Every week
40
 
Aim of the course and learning outcomes:
The course brings standard overview of the microeconomic theory at the intermediate level. The course deepens the knowledge for introductory microeconomics course. The major part focuses on neo-classical theory of decision, duality approach, perfectly and imperfectly competitive markets and general equilibrium. The increased attention is paid to alternative approaches to explanation of microeconomic phenomena.
 
Course content:
1.
Consumer Behaviour (allowance 12/10)
 
a.
Neo-classical approach
b.
Duality
c.
Alternative approaches

2.
Firm Behaviour and Market Structure (allowance 8/12)
 
a.
Theory of production
b.
Imperfectly competitive markets
c.
Strategic behaviour
d.
Alternative approaches

3.
Factor of production markets (allowance 4/4)
 
a.Perfectly competitive markets
b.
Imperfectly competitive markets

4.
General equilibrium and efficiency (allowance 4/2)
 
a.
Walras attitude
b.Edgeworth exchange theory
c.
Effective allocation

Learning activities and teaching methods:
Type of teaching methodDaily attendance
lecture
28 h
practice28 h
preparation for exam
80 h
preparation for regular assessment32 h
Total168 h
 
Assessment methods:
In order to finish successfully Microeconomics I student must sit for 2 seminar tests first which must be at least 50% correct (i.e. 20 points out of 40 in total, minimum for each test is 8 points). The seminar tests consist mainly of practical tasks (counting, graphs). Student must have at least 2 activity points (out of 10) obtained in the classes during semester. To obtain a credit, student must have at least 50% out of all possibly obtainable points from seminars (according to the above conditions). Getting the credit is a necessary condition to be allowed to attend the final examination. Exam consists of a written test (50% required as the minimum). Final classification takes into account student's results form seminar tests, activity in classes during the semester and final exam as follows.
<90,100> A
<83,89> B
<75,82> C
<68,74> D
<60,67> E
<0,59> F
 
Assessment criteria ratio:
Requirement typeDaily attendance
Active lecture/seminar/workshop/tutorial participation10 %
Mid-term test(s)
40 %
Final test
50 %
Total
100 %
 
Recomended reading and other learning resources:
Basic:
VARIAN, H R. Intermediate microeconomics: a modern approach. 8th ed. New York: W.W. Norton & Co., 739 p. ISBN 978-0-393-93424-3.
KRUGMAN, P R. -- WELLS, R. Microeconomics. New York: Worth Publishers, 2004. 537 p. ISBN 0-7167-5229-8.
BERGSTROM, T C. -- VARIAN, H R. Workouts in intermediate microeconomics. 8th ed. New York: W.W. Norton, 562 p. ISBN 978-0-393-93515-8.

Recommended:
REES, R. Microeconomics. 3rd ed. New York: Pearson Education, 2004. 738 p. ISBN 0-582-40487-8.
Advanced microeconomic theory. 2nd ed. Boston: Addison Wesley, 543 p. ISBN 0-321-20453-0.
LEE, D R. Microeconomics for MBAs: the economic way of thinking for managers. 2nd ed. Cambridge: Cambridge University Press, 2010. 536 p. ISBN 978-0-521-19147-0.
Study guide to accompany Parkin microeconomics. Boston: Pearson Addison-Wesley, 2010. 353 p. ISBN 978-0321-60911-3.

Course listed in study plans for this semester:
Field of study C-EMAJ-MEEN Business Economics and Management, full-time form, initial period SS 2019/2020
Field of study C-EMAJ-MEEN Business Economics and Management, full-time form, initial period WS 2020/2021
Programme C-EAMA Economics and Management, full-time form, initial period WS 2020/2021
 
Course listed in previous semesters: WS 2019/2020, WS 2018/2019, WS 2017/2018, WS 2016/2017, WS 2015/2016, WS 2014/2015 (and older)
Teaching place: Brno


Last modification made by Ing. Jiří Gruber on 06/23/2020.

Type of output: