MPE_AMI2 Microeconomics 2

Faculty of Economics and Administration
Autumn 2024
Extent and Intensity
2/0/0. 4 credit(s). Type of Completion: zk (examination).
Taught in person.
Luca Fumarco, PhD (lecturer)
doc. Ing. Ondřej Krčál, Ph.D. (lecturer)
prof. Ing. Zdeněk Tomeš, Ph.D. (lecturer)
doc. Ing. Jan Čapek, Ph.D. (assistant)
Alla Kachur (assistant)
Ing. Renata Kosíková, MSc. (assistant)
Mgr. Josef Menšík, Ph.D. (assistant)
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
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 70 student(s).
Current registration and enrolment status: enrolled: 0/70, only registered: 23/70
fields of study / plans the course is directly associated with
there are 9 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;
- apply the basic concepts of consumer theory to situations under uncertainty and explain the main problems related to asymmetric information.
  • 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
    required literature
  • VARIAN, Hal. Intermediate Microeconomics: A Modern Approach. New York. W. W. Norton & Company, 2019. 9th ed. ISBN 978-0-393-68986-0. 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
mandatory - final exam test • voluntary - midterm test • voluntary - quizzes and possibly other activities during the lectures The course can be completed in case of a stay abroad: participation in lectures and on the midterm test is optional, and the exam can be taken after returning.
Language of instruction
Further comments (probably available only in Czech)
The course is taught annually.
The course is taught: every week.
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
The course is also listed under the following terms 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.
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