BPE_MIC1 Microeconomics 1

Faculty of Economics and Administration
Autumn 2021
Extent and Intensity
2/2/0. 8 credit(s). Type of Completion: zk (examination).
Taught in person.
Teacher(s)
Daviti Jibuti (lecturer)
Ing. Michal Kvasnička, Ph.D. (lecturer)
Dali Tsintskiladze Laxton (lecturer)
Dali Tsintskiladze Laxton (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
Timetable
Fri 13:00–14:50 S305, except Fri 17. 9., except Fri 5. 11.
  • Timetable of Seminar Groups:
BPE_MIC1/01: Fri 15:00–16:50 S305, except Fri 17. 9., except Fri 5. 11., D. Jibuti
Prerequisites (in Czech)
(! BPE_MIE1 Microeconomics 1 ) && (! BKE_MIE1 Microeconomics 1 ) && (! BPE_AMIC1 Microeconomics 1 ) && (! NOWANY ( BPE_MIE1 Microeconomics 1 , BKE_MIE1 Microeconomics 1 , BPE_AMIC1 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 55 student(s).
Current registration and enrolment status: enrolled: 12/55, only registered: 0/55, only registered with preference (fields directly associated with the programme): 0/55
fields of study / plans the course is directly associated with
there are 63 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.
Learning outcomes
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.
Syllabus
  • 1. Introduction into 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. Pulbic Goods and Common Resources
Literature
    required literature
  • MANKIW, N. Gregory. Principles of Economics. 8th ed. South-Western College Pub, 2017. 836 pp. ISBN 1-305-58512-7. info
Teaching methods
Lectures and tutorials.
Assessment methods
The credit is awarded based on 1) student's performance in tutorials including three in-class problem sets, and 2) written multiple-choice test. Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination Students in this course are expected to adhere to the Masaryk University’s high standards of integrity as spelled out in the Disciplinary Code for Students and Directive N.3/2008. Anyone who cheats on tests or exams, will be subject to the penalties set forth in the Code.
Language of instruction
English
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
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 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2021/BPE_MIC1