ESF:BPE_MIC1 Microeconomics 1 - Course Information
BPE_MIC1 Microeconomics 1Faculty of Economics and Administration
- Extent and Intensity
- 2/2. 8 credit(s). Type of Completion: zk (examination).
- Mgr. Sherzod Tashpulatov, M.A., Ph.D. (lecturer)
- Guaranteed by
- Mgr. Martin Slanicay, Ph.D.
Department of Economics - Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Supplier department: Department of Economics - Faculty of Economics and Administration
- Fri 14:35–16:15 S315
- Timetable of Seminar Groups:
- Prerequisites (in Czech)
- (! BPE_MIE1 Microeconomics 1 ) && (! BKE_MIE1 Microeconomics 1 ) && (! NOWANY ( BPE_MIE1 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.
The capacity limit for the course is 80 student(s).
Current registration and enrolment status: enrolled: 0/80, only registered: 0/80, only registered with preference (fields directly associated with the programme): 0/80
- fields of study / plans the course is directly associated with
- there are 44 fields of study the course is directly associated with, display
- Course objectives
- The course aims to familiarize students with basic principles and intuition behind the modern microeconomic theory. We start with fundamental concepts of economics: demand, supply and market equilibrium. We study consumer and producer behavior, their decision making. Then we consider major types of market structure and, finally, main markets for the factors of production of goods and services. During the course students learn how modern economies function, how to use basic tools for microeconomic analysis, and develop their analytical thinking skills.
- Week 1. Introduction into Economics [M1, M2, M3] [S1, S2]
- Week 2. Demand, Supply, and Market Equilibrium [M4] [S3]
- Week 3. Elasticity, Applications of Demand and Supply [M5] [M6] [S4]
- Week 4. Consumer Choice [M21] [S5]
- Week 5. Welfare Analysis [M7]
- Week 6. Firm’s Production and Cost Analysis [M13] [S6, S7]
- Week 7. Firms in the Perfect Competition, Midterm Exam [M14] [S8]
- Week 8. Monopoly [M15] [S9]
- Week 9. Monopolistic Competition [M16] [S10]
- Week 10. Oligopoly [M17] [S10]
- Week 11. Production factor markets: Labor Market [M18] [S13]
- Week 12. Production factor markets: Capital market [S14]
- Week 13. Externalities and Public Goods [M10 M11]
- Final Exam
- required literature
- MANKIW, Gregory N. Principles of Economics. 7th ed. Cengage Learning, 2014. ISBN 978-1-285-16587-5. info
- recommended literature
- SAMUELSON, Paul A. and William D. NORDHAUS. Economics [Samuelson, 1992]. 14th ed. New York: McGraw-Hill, 1992. xlii, 784. ISBN 0-07-054879-X. info
- Teaching methods
- Lectures and tutorials.
- Assessment methods
- During the semester work students can receive 60% (four homework assignments 20%, four quizzes 12%, one midterm exam 20%, attendance and active participation in seminars 8%). In order to receive admission to examination, students should have at least 40%, otherwise they fail the course. A student may receive additional 5% for a 15 minute presentation. The presentation slides must be prepared and approved one week before the actual presentation. The final cumulative examination is 40%. The grading rules (A, B, C, D, E, F) are based on the final examination. Grading rules: A 100-93 %, B 92-84 %, C 83-75 %, D 74-67 %, E 66-60 %, F 59 - 0 % .
- Language of instruction
- Further comments (probably available only in Czech)
- Study Materials
The course is taught annually.
General note: Předmět je ekvivalentní předmětu BPE_MIE1.
Information on course enrolment limitations: max. 30 cizích studentů; cvičení pouze pro studenty ESF
- Information about innovation of course.
- This course has been innovated under the project "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)" which is cofinanced by the European Social Fond and the national budget of the Czech Republic.
- Listed among pre-requisites of other courses
- Teacher's information