ESF:MPE_AMI2 Microeconomics 2 - Course Information

MPE_AMI2 Microeconomics 2

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).
Taught in person.

Teacher(s)

Luca Fumarco, PhD (lecturer)
doc. Ing. Ondřej Krčál, Ph.D. (lecturer)
prof. Ing. Zdeněk Tomeš, Ph.D. (lecturer)

Guaranteed by

doc. Ing. Ondřej Krčál, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Mgr. Jarmila Šveňhová
Supplier department: Department of Economics – Faculty of Economics and Administration

Timetable

Wed 8:00–9:50 P312, except Wed 15. 9., except Wed 3. 11.

Prerequisites (in Czech)

(! MPE_MIE2 Microeconomics 2 ) && (! MKE_MIE2 Microeconomics 2 ) && (! NOWANY ( MKE_MIE2 Microeconomics 2 , MPE_MIE2 Microeconomics 2 ))

Course Enrolment Limitations

The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 50 student(s).
Current registration and enrolment status: enrolled: 3/50, only registered: 0/50

fields of study / plans the course is directly associated with

there are 8 fields of study the course is directly associated with, display

Course objectives

The goal of the course is to teach students intermediate microeconomic theory. The course provides students with the knowledge necessary for further studies of microeconomics on the doctoral level.

Learning outcomes

After completing the course the students will be able to:
- apply the theory of consumer, in particular they will be able to find optimum choices of consumers and derive demand functions for different preferences;
- understand the basic properties of demand;
- determine the effects of a price change on consumers’ welfare;
- apply the model of a firm;
- explain the interaction between consumers and firms in competitive and imperfectly competitive markets, in particular in monopolistically competitive market, in a monopoly and an oligopoly;
- describe the concept of general equilibrium;
- apply the basic concepts of consumer theory to situations under uncertainty and explain the main problems related to asymmetric information.

Syllabus

• 1/ Budget Constraint, Preferences and Utility
• 2/ Choice and Revealed Preferences
• 3/ Demand and Slutsky Equation
• 4/ Consumer's Surplus and Market Demand
• 5/ Uncertainty and Equilibrium
• 6/ Technology and Profit Maximization
• 7/ Cost Minimization and Cost Curves
• 8/ Firm Supply and Industry Supply
• 9/ Monopoly and Monopoly Behaviour
• 10/ Oligopoly
• 11/ Game Theory and Asymmetric Information
• 12/ Exchange and Production
• 13/ Behavioral Economics

Literature

required literature
• VARIAN, Hal R. Intermediate microeconomics : a modern approach. 8. ed. New York: Norton, 2010, xxiv, 739. ISBN 9780393934243. info
• BERGSTROM, Theodore C. and Hal R. VARIAN. Workouts in intermediate microeconomics. 8th ed. New York: W.W. Norton, 2009, 562, 38. ISBN 9780393935158. info

Teaching methods

lectures, application, class discussion

Assessment methods

Final exam: written test. Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.

Language of instruction

English

Further comments (probably available only in Czech)

Study Materials
The course is taught annually.
General note: This course is due to COVID 19 measurements instructed only ONLINE in the autumn semester 2020. You can contact the teacher of the course about the organizational matters.

Listed among pre-requisites of other courses

• MKE_MIE2 Microeconomics 2
  (!MPE_MIE2) && (!MPE_AMI2) && (!NOWANY(MPE_AMI2,MPE_MIE2))  
• MPE_MIE2 Microeconomics 2
  (!MPE_AMI2) && (!MKE_MIE2) && (!NOWANY(MKE_MIE2,MPE_AMI2))  

• Enrolment Statistics (Autumn 2021, recent)
  
• Permalink: https://is.muni.cz/course/econ/autumn2021/MPE_AMI2