Course syllabus RRMIEA - Microeconomics in English (FRDIS - SS 2014/2015)


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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, 4/0 (hours of lectures per week / hours of seminars per week)
Language of instruction: English
Level of course: bachelor
Semester: SS 2014/2015
Name of lecturer: prof. Dr. Ing. Libor Grega (supervisor)
Prerequisites: not Microeconomics and not State Bachelor Exam
 
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 8/0)
 
a.Economics and microeconomics
b.Market, market subjects, market mechanism
c.Basic concepts in Microeconomics

2.Consumer Behavior and Demand (allowance 8/0)
 
a.Utility, preferences and consumer optimum
b.Demand and Determinants of Demands

3.Firm Behavior and Supply (allowance 8/0)
 
a.Technology and Production
b.Costs
c.Supply and Determinants of Supply

4.Market of Goods and Services (allowance 8/0)
 
a.Perfect Competition
b.Monopoly
c.Monopolistic Competition
d.Oligopoly

5.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

6.General Equilibrium (allowance 8/0)
 
a.Effectivity in Production
b.Effectivity in Consumption
c.Welfare Maximalization

7.The Role of State in Economy (allowance 8/0)
 
a.Market failures
b.Forms of State Intervences

 
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
     lecture56 h
Self-study
     preparation for exam72 h
     preparation for regular assessment10 h
     preparation for regular testing30 h
Total168 h
 
Assessment methods:
Course is finished by written exam composed of three open questions where the student proves systematic knowledge of microeconomic issues in extend of this course. Condition of participation in final exam is course credit. Students receives course credit based on a partial test, which consists of application of demonstration examples.
 
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQPARKIN, M.MicroeconomicsBostonAddison Wesley0-321-21071-9
RQFRANK, R H.Microeconomics and behaviorNew YorkMcGraw-Hill19910-07-021870-6
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

RQrequired
RErecommended


Last modification made by Bc. Vít Karber on 05/26/2015.

Type of output: