BPE_MIC1 Microeconomics 1

Faculty of Economics and Administration
Autumn 2015
Extent and Intensity
2/2. 8 credit(s). Type of Completion: zk (examination).
Teacher(s)
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
Timetable
Fri 14:35–16:15 S315
  • Timetable of Seminar Groups:
BPE_MIC1/01: Fri 16:20–17:55 S315, S. Tashpulatov
Prerequisites
(!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
Abstract
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.
Key topics
  • 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
Study resources and literature
    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
Approaches, practices, and methods used in teaching
Lectures and tutorials.
Method of verifying learning outcomes and course completion requirements
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
English
Teacher's information
http://home.cerge-ei.cz/tashpulatov/
Sherzod Tashpulatov, M.A., Ph.D.
E-mail: 233743@mail.muni.cz
Office hours: Mondays (by agreement)
Lectures: Mondays, 7:40-9:15, room S6
Exercise Sessions: Mondays, 9:20-11:00, room S6
The first lecture takes place on Monday, September 15, 2014
The last lecture takes place on Monday, December 15, 2014
Midterm Exam: Monday, October 27, 2014
Final Exam: TBA
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.

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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 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2021, Autumn 2022, Autumn 2023, Autumn 2024, Autumn 2025, Autumn 2026.
  • Enrolment Statistics (Autumn 2015, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2015/BPE_MIC1