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)
Mgr. Jaroslav Bil (seminar tutor)
Ing. Filip Červenka, Ph.D. (seminar tutor)
Mgr. Hana Fitzová, Ph.D. (seminar tutor)
Ing. Jan Jonáš, Ph.D. (seminar tutor)
Alla Kachur (seminar tutor)
Ing. Martin Kutlak (seminar tutor)
Bc. Kristýna Marková (seminar tutor)
Mgr. Ing. Andrea Moncmanová (seminar tutor)
Ing. Tomáš Paleta, Ph.D. (seminar tutor)
Ing. Marek Pavlík, Ph.D. (seminar tutor)
Mgr. Zlatica Peňáková, Ph.D. (seminar tutor)
Ing. et Ing. Michal Ševčík, Ph.D. (seminar tutor)
Ing. Mirka Wildmannová, 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

Timetable

Mon 12:00–13:50 P101, except Mon 15. 9., except Mon 3. 11.

• Timetable of Seminar Groups:

BPE_MIE1/01: Wed 12:00–13:50 P303, except Wed 17. 9., except Wed 5. 11., H. Fitzová
BPE_MIE1/02: Wed 18:00–19:50 P302a, except Wed 17. 9., except Wed 5. 11., A. Moncmanová
BPE_MIE1/03: Wed 14:00–15:50 P302b, except Wed 17. 9., except Wed 5. 11., H. Fitzová
BPE_MIE1/04: Tue 8:00–9:50 P403, except Tue 16. 9., except Tue 4. 11., M. Kvasnička
BPE_MIE1/05: Tue 14:00–15:50 P302a, except Tue 16. 9., except Tue 4. 11., M. Pavlík
BPE_MIE1/06: Thu 16:00–17:50 S313, except Thu 18. 9., except Thu 6. 11., J. Jonáš
BPE_MIE1/07: Thu 14:00–15:50 S311, except Thu 18. 9., except Thu 6. 11., F. Červenka
BPE_MIE1/08: Thu 8:00–9:50 P303, except Thu 18. 9., except Thu 6. 11., M. Pavlík
BPE_MIE1/09: Wed 8:00–9:50 S301, except Wed 17. 9., except Wed 5. 11., F. Červenka
BPE_MIE1/10: Wed 18:00–19:50 S301, except Wed 17. 9., except Wed 5. 11., Z. Peňáková
BPE_MIE1/11: Thu 8:00–9:50 S307, except Thu 18. 9., except Thu 6. 11., F. Červenka
BPE_MIE1/12: Thu 8:00–9:50 S310, except Thu 18. 9., except Thu 6. 11., M. Wildmannová
BPE_MIE1/13: Wed 16:00–17:50 S301, except Wed 17. 9., except Wed 5. 11., Z. Peňáková
BPE_MIE1/14: Wed 8:00–9:50 P302b, except Wed 17. 9., except Wed 5. 11., A. Kachur
BPE_MIE1/15: Thu 14:00–15:50 S313, except Thu 18. 9., except Thu 6. 11., K. Marková
BPE_MIE1/16: Tue 8:00–9:50 P302a, except Tue 16. 9., except Tue 4. 11., A. Kachur
BPE_MIE1/17: Tue 14:00–15:50 S401, except Tue 16. 9., except Tue 4. 11., T. Paleta
BPE_MIE1/18: Thu 16:00–17:50 S311, except Thu 18. 9., except Thu 6. 11., M. Kutlak
BPE_MIE1/19: Wed 8:00–9:50 P403, except Wed 17. 9., except Wed 5. 11., T. Paleta
BPE_MIE1/20: Fri 8:00–9:50 S310, except Fri 19. 9., except Fri 7. 11., J. Bil
BPE_MIE1/21: Thu 14:00–15:50 S401, except Thu 18. 9., except Thu 6. 11., J. Jonáš
BPE_MIE1/22: Tue 12:00–13:50 S301, except Tue 16. 9., except Tue 4. 11., M. Kvasnička
BPE_MIE1/23: Fri 10:00–11:50 P403, except Fri 19. 9., except Fri 7. 11., M. Ševčík
BPE_MIE1/24: Tue 16:00–17:50 S306, except Tue 16. 9., except Tue 4. 11., M. Wildmannová
BPE_MIE1/25: Wed 16:00–17:50 S313, except Wed 17. 9., except Wed 5. 11., F. Červenka
BPE_MIE1/27: Fri 10:00–11:50 S310, except Fri 19. 9., except Fri 7. 11., J. Bil
BPE_MIE1/28: Thu 14:00–15:50 P104, except Thu 18. 9., except Thu 6. 11., M. Kutlak
BPE_MIE1/29: Thu 12:00–13:50 P104, except Thu 18. 9., except Thu 6. 11., T. Paleta
BPE_MIE1/30: Tue 10:00–11:50 S315, except Tue 16. 9., except Tue 4. 11., F. Červenka
BPE_MIE1/31: Tue 18:00–19:50 S311, except Tue 16. 9., except Tue 4. 11., A. Moncmanová
BPE_MIE1/32: Tue 18:00–19:50 S315, except Tue 16. 9., except Tue 4. 11., K. Marková
BPE_MIE1/33: Wed 8:00–9:50 S315, except Wed 17. 9., except Wed 5. 11., M. Kutlak
BPE_MIE1/34: Thu 8:00–9:50 P403, except Thu 18. 9., except Thu 6. 11., M. Ševčík

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

Abstract

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.

Key topics

• 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

Study resources and 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

Approaches, practices, and methods used in teaching

Lectures and tutorials

Method of verifying learning outcomes and course completion requirements

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)

Study Materials
The course is taught annually.
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,MPE_MIE2,MPE_MAE2,CORE011) && forma(P) && (!MPE_MIE2) && (!MPE_MAE2)  
• BPF_BAN1 Banking 1
  BPE_MIE1 && BPE_MAE1  
• BPF_FIMG Financial Management
  ((((BPE_MIE1 || BPE_MIC1 ) && (BPE_MAE1 || BPE_MAC1 )) || BPE_ZEKO) && !BPF_FIRI)  
• CORE011 Economic style of thinking
  MAXATR(3, core) && (!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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