Course syllabus RRMIEA - Microeconomics in English (FRDIS - SS 2012/2013)

     ECTS syllabus          Syllabus          Timetable          

     Czech          English          

Course code: RRMIEA
Course title in language of instruction: Mikroeconomics in English
Course title in Czech: Microeconomics in English
Course title in English: Microeconomics in English
Mode of completion and number of credits: Exam (6 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes: full-time, 2/2 (hours of lectures per week / hours of seminars per week)
Language of instruction: English
Level of course: bachelor
Semester: SS 2012/2013
Name of lecturer: Ing. Ladislava Issever Grochová, Ph.D. (examiner, instructor, lecturer)
doc. Ing. Pavel Syrovátka, Ph.D. (supervisor)
Prerequisites: not Microeconomics
Aims of the course:
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 contents:
1.Introduction to microeconomics (allowance 2/2)
a.Economics and microeconomics
b.Market, market subjects, market mechanism
c.Time and space in economics

2.Market for goods and services (allowance 10/18)
a.Consumer behaviour, derivation of demand
b.Firm behaviour, derivation of supply
c.Market equilibrium and market organization -- perfect and imperfect competition
d.Regional aspects of the goods and services market

3.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 and income distribution
d.Land and natural resources market
e.Regional aspects of the production factors market

4.Market interactions (allowance 4/0)
a.General equilibrium
b.Market failures
c.Interaction of the markets on regional and supranational level

Learning outcomes and competences:
Generic competences:
-Ability to analyse and synthesize
-Capacity to learn
-Professional knowledge
-Skilled at utilizing and processing information

Specific competences:
-Make consistent conclusions from behaviour of market subjects at both general and regional level
-Quantitative analysis of the market environment, determine its dynamics within the context of development of substantial factors
-Student can evaluate of the impacts of basic interventions on market equilibrium
-Student is able to determine the economical effective level of the production within different
-Student is able to do the quantitative analysis of the demand and supply in market for goods
-Student is able to explain the market failures
-Student knows the partial market equilibrium and its dynamics
-Student understands a mechanism of behaviour of economical subjects under various market
-Understand and utilize theoretical knowledge for market environment quantitative analysis

Type of course unit: required
Year of study: Not applicable - the subject could be chosen at anytime during the course of the programme.
Work placement: There is no compulsory work placement in the course unit.
Recommended study modules: -
Learning activities and study load (hours of study load):
Type of teaching methodDaily attendance
Direct teaching
     lecture28 h
     practice28 h
     consultation6 h
     preparation for exam84 h
     preparation for regular assessment22 h
Total168 h
Assessment methods:
The course is completed by written examination where the student proves systematic knowledge of microeconomic issues in extend of this course. Written examination includes two parts. The first part is test contending 10 questions (20 % of student's final evaluation). In the second part, the student develops the answers to two microeconomic themes (80 % of student's final evaluation).
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQŠEVELA, M.Microeconomics I : (introductory course).BrnoMendelova univerzita v Brně2012978-80-7157-819-2
RQPARKIN, M.MicroeconomicsBostonAddison Wesley0-321-21071-9
REMANKIW, N G.Principles of Economics, 6th editionUSASouth-Western Cengage Learning2012978-0-538-45305-9
REVARIAN, H R.Intermediate microeconomics: a modern approachNew YorkW.W. Norton & Co.978-0-393-93424-3


Last modification made by Bc. Vít Karber on 01/08/2015.

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