BPE_MIC1 Microeconomics 1

Faculty of Economics and Administration
Autumn 2024
Extent and Intensity
2/2/0. 8 credit(s). Type of Completion: zk (examination).
Taught in person.
Ing. Michal Kvasnička, Ph.D. (lecturer)
Dali Tsintskiladze Laxton (lecturer)
Ing. Martin Kutlak (seminar tutor)
Dali Tsintskiladze Laxton (seminar tutor)
Guaranteed by
Ing. Michal Kvasnička, 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
Prerequisites (in Czech)
(! BPE_MIE1 Microeconomics 1 ) && (! BKE_MIE1 Microeconomics 1 ) && (! BPE_AMIC1 Microeconomics 1 ) && (! NOWANY ( BPE_MIE1 Microeconomics 1 , BKE_MIE1 Microeconomics 1 , BPE_AMIC1 Microeconomics 1 ))
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: 0/50, only registered: 9/50
fields of study / plans the course is directly associated with
there are 52 fields of study the course is directly associated with, display
Course objectives
In this course, students will learn the basic principles of Microeconomics. They will get acquainted with the concept of preference, cost, revenue, elasticity, supply, demand, firm, market, externality, etc., and their mutual relationship. The students will understand the operation of the market process and structure. They will be able to use microeconomic analytical tools to describe and analyze real-world cases and avoid usual analytical errors. They will understand the consequences of changes in demand, cost, market structure, and basic policy changes.
Learning outcomes
At the end of this course, students will be able to understand and explain when markets are a good solution to mundane problems and when the government can improve its results. They will also be prepared to study microeconomics at the intermediate level in the consequent course.
  • 1. Introduction to Economics
  • 2. Interdependence and Gains from Trade
  • 3. Market Forces of Supply and Demand
  • 4. Elasticity and Its Applications
  • 5. Consumers, Producers, and Efficiency of Markets
  • 6. Theory of Consumer Choice
  • 7. Cost of Production
  • 8. Firms in Competitive Markets
  • 9. Monopoly and Monopolistic Competition
  • 10. Oligopoly
  • 11. Markets for Factors of Production
  • 12. Externalities
  • 13. Public Goods and Common Resources
    required literature
  • MANKIW, N. Gregory. Principles of economics. Ninth edition. Boston: Cengage, 2021, xxxi, 816. ISBN 9780357038314. info
Teaching methods
Lectures and tutorials.
Assessment methods
The credit is awarded based on 1) the student's performance in class and 2) a written multiple-choice test. If the student enrolls in the course during his/her trip abroad, he/she must make arrangements in advance with the instructor to make up the course work. 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 a grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination Students in this course are expected to adhere to the Masaryk University’s high standards of integrity as spelled out in the Disciplinary Code for Students and Directive N.3/2008. Anyone who cheats on tests or exams will be subject to the penalties set forth in the Code.
Language of instruction
Further comments (probably available only in Czech)
The course is taught annually.
The course is taught: every week.
General note: Předmět je ekvivalentní předmětu BPE_MIE1.
Listed among pre-requisites of other courses
The course is also listed under the following terms Autumn 2009, Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2021, Autumn 2022, Autumn 2023.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2024/BPE_MIC1