ESF:BPE_MIE1 Microeconomics 1 - Course Information

BPE_MIE1 Microeconomics 1

Extent and Intensity

2/2/0. 8 credit(s). Type of Completion: zk (examination).
In-person direct teaching

Teacher(s)

Ing. Michal Kvasnička, Ph.D. (lecturer)
prof. Ing. Zdeněk Tomeš, Ph.D. (lecturer)
doc. Ing. Mgr. Lucie Coufalová, Ph.D. et Ph.D. (seminar tutor)
Ing. Filip Červenka, Ph.D. (seminar tutor)
Mgr. Hana Fitzová, Ph.D. (seminar tutor)
Ing. Petra Chovancová, Ph.D. (seminar tutor)
Ing. Jan Jonáš, Ph.D. (seminar tutor)
Ing. Bc. Michaela Kecskésová (seminar tutor)
Ing. Martin Kutlak (seminar tutor)
Ing. Klára Moravcová (seminar tutor)
Ing. Jakub Moučka (seminar tutor)
Ing. Tomáš Paleta, Ph.D. (seminar tutor)
doc. Ing. Vilém Pařil, Ph.D. (seminar tutor)
Ing. et Ing. Michal Ševčík, Ph.D. (seminar tutor)
Mgr. Ing. Ondřej Špetík, Ph.D. (seminar tutor)
Mgr. Jan Fikejs (assistant)

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_MIC1 Microeconomics 1 ) && (! BKE_MIE1 Microeconomics 1 ) && (!NOWANY( BPE_MIC1 Microeconomics 1 , BKE_MIE1 Microeconomics 1 ))

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.

fields of study / plans the course is directly associated with

there are 16 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 concepts 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.

Syllabus

• 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

Literature

required literature
• MANKIW, N. Gregory. Principles of economics. Ninth edition. Boston: Cengage, 2021, xxxi, 816. ISBN 9780357038314. info
• MANKIW, N. Gregory. Zásady ekonomie. Praha: Grada, 2000, 763 s. ISBN 80-7169-891-1. info

Teaching methods

Lectures and tutorials

Assessment methods

The credit is awarded based on 1) the student's performance in tutorials, including three online problem sets, and 2) a written multiple-choice test. It is also possible to enroll in a course while studying abroad (e.g., Erasmus). Students take tests during the semester and write a final test after returning from abroad. Please get in touch with the teachers before departure.

Language of instruction

Czech

Further comments (probably available only in Czech)

The course is taught annually.
The course is taught every week.
General note: Přednášky jsou dostupné online a ze záznamu.

Listed among pre-requisites of other courses

• BKE_ZEKO Principles of Economics
  (!BPE_MIE1) && (!BPE_MAE1) && (!BKE_MAE1) && (!BKE_MIE1) && (!BKE_ZAKE) && !NOWANY(BKE_MIE1,BKE_MAE1,MKE_MIE2,MKE_MAE2,CORE011,BKE_ZAKE) && forma(K) && (!MKE_MIE2) && (!MKE_MAE2)  
• BPE_HET1 History of Economic Thought
  (BPE_MIC1 && BPE_MAC1) || (BPE_MIE1 && BPE_MAE1)  
• BPE_MIC1 Microeconomics 1
  (!BPE_MIE1) && (!BKE_MIE1) && (!BPE_AMIC1) && (!NOWANY(BPE_MIE1,BKE_MIE1,BPE_AMIC1))  
• BPE_ZATH Introduction to Game Theory
  BPE_MIE1 || BPE_MIC1  
• BPE_ZEKO Principles of Economics
  (!BPE_MIE1) && (!BPE_MAE1) && (!BKE_MAE1) && (!BKE_MIE1) && !NOWANY(BPE_MIE1,BPE_MAE1) && forma(P) && typ_studia(BNM) && (!CORE011)  
• BPF_BAN1 Banking 1
  BPE_MIE1 && BPE_MAE1  
• BPF_FIMG Financial Management
  (((BPE_MIE1 && BPE_MAE1)||BPE_ZEKO) && !BPF_FIRI)  
• CORE011 Economic style of thinking
  (!BPE_MIE1) && (!BPE_MAE1) && (!BKE_MAE1) && (!BKE_MIE1) && (!BKE_ZAKE) && !NOWANY(BKE_MIE1,BKE_MAE1,MKE_MIE2,MKE_MAE2,BKE_ZAKE) && (!MKE_MIE2) && (!MKE_MAE2) && (!BPE_ZEKO) && (!fakulta(ESF)) && !typ_studia(ND) && (!forma(C) || !forma(K) || !forma(D) || !forma(R) || !forma(Z))  

• Enrolment Statistics (recent)
  
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