BPE_MIC1 Microeconomics 1

Faculty of Economics and Administration
Autumn 2016
Extent and Intensity
2/2/0. 8 credit(s). Type of Completion: zk (examination).
Gega Todua (lecturer)
Gega Todua (seminar tutor)
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
Wed 12:50–14:30 P312
  • Timetable of Seminar Groups:
BPE_MIC1/01: Wed 14:35–16:15 P312, G. Todua
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
In this course students will learn the basic principles of Microeconomics. They will get acquainted with the concept 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 the microeconomic analytical tools to describe and analyze the real world cases, and avoid usual analytical errors. They will understand consequences of changes of demand, cost, market structure, and basic policy changes. At the end of this course, students will be able to understand and explain when markets are good solution to mundane problem and when the government can improve its results. They will be also prepared to study microeconomics on the intermediate level in the consequent course.
  • Week 1. Introduction to Economic Thinking: Ten Principles of Economics. Mankiw, Ch. 1.
  • Week 2. Thinking like Economist. Mankiw, Ch. 2.
  • Week 3. Supply and Demand. Mankiw, Ch. 4.
  • Week 4. Quiz + Elasticity and its Application. Mankiw, Ch. 5.
  • Week 5. Quiz + Supply, Demand and Government policies. Efficiency. Mankiw, Ch. 6-8.
  • Week 6. Quiz + The Theory of Consumer Choice. Mankiw, Ch. 21.
  • Week 7. Quiz + Externalities and Public Goods. Mankiw, Ch. 10-11.
  • Week 8. Midterm Exam.
  • Week 9. Quiz + The Costs of Production. Mankiw, Ch. 13.
  • Week 10. Quiz + Firms in Competitive Markets. Mankiw, Ch. 14.
  • Week 11. Quiz + Monopoly and Monopolistic Competition. Mankiw, Ch. 15,17.
  • Week 12. Quiz + Oligopoly. Mankiw, Ch. 16.
  • Week 13. Final Exam.
    required literature
  • MANKIW, Gregory N. Principles of Economics. 7th ed. Cengage Learning, 2014. ISBN 978-1-285-16587-5. info
Teaching methods
Lectures and tutorials.
Assessment methods
Attendance & Participation (10 points)
Set of Problem Sets (not graded)
Quizzes (20 points)
At the end of each class, a set of practical problems will be uploaded on the course page for homework. You are not required to submit your works. However, you are encouraged to solve the homework, as working with practical problems will prepare you for quizzes and exams. There will be 9 quizzes, which will include 1 multiple choice question and 1 practical exercise. The practical exercise will be similar to the ones solved during the seminar and given as a homework. You will have 15 minutes individually to solve the quiz. In the final grade only 8 highest scores will count. First quiz will take place on the 4th week of studies.
Midterm Exam (30 points). The midterm exam will be held on 8th week (November 9). There will be no quiz during midterm exam.
Final Exam (40 points). There will be a cumulative final examination at the end of the semester. The exact date of Final exam will be announced later
Grade Grid:
A: 91 – 100
B: 76-89
C: 61-75
D: 51-60
E: 41-50
F: 0-40
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.

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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 2015, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2021.
  • Enrolment Statistics (Autumn 2016, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2016/BPE_MIC1