BPE_MIE1 Microeconomics 1

Faculty of Economics and Administration
Autumn 2019
Extent and Intensity
2/2/0. 8 credit(s). Type of Completion: zk (examination).
Ing. Michal Kvasnička, Ph.D. (lecturer)
doc. Ing. Zdeněk Tomeš, Ph.D. (lecturer)
Ing. Mgr. Lucie Coufalová, Ph.D. (seminar tutor)
Ing. Bc. Michal Ďuriník, Ph.D. (seminar tutor)
Mgr. Ing. Jakub Chini, BA (Hons) (seminar tutor)
Ing. Petra Chovancová (seminar tutor)
Ing. Štěpán Mikula, Ph.D. (seminar tutor)
Ing. Martin Murín, Ph.D. (seminar tutor)
Ing. Jakub Solnička (seminar tutor)
Mgr. Ing. Ondřej Špetík (seminar tutor)
Ing. Magdalena Šuterová (seminar tutor)
Bc. et Bc. Jan Fikejs (assistant)
Hana Válková (assistant)
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
Mon 10:00–11:50 P101, Mon 12:00–13:50 P101
  • Timetable of Seminar Groups:
BPE_MIE1/01: Wed 12:00–13:50 P106, P. Chovancová
BPE_MIE1/02: Wed 16:00–17:50 P102, J. Chini
BPE_MIE1/03: Wed 10:00–11:50 P201, O. Špetík
BPE_MIE1/04: Tue 14:00–15:50 P201, M. Šuterová
BPE_MIE1/05: Tue 8:00–9:50 P304, Š. Mikula
BPE_MIE1/06: Tue 14:00–15:50 S311, O. Špetík
BPE_MIE1/08: Tue 10:00–11:50 P403, M. Kvasnička
BPE_MIE1/09: Tue 12:00–13:50 P403, M. Kvasnička
BPE_MIE1/10: Tue 16:00–17:50 S311, M. Šuterová
BPE_MIE1/11: Wed 14:00–15:50 P102, J. Chini
BPE_MIE1/12: Tue 8:00–9:50 P201, O. Špetík
BPE_MIE1/13: Tue 18:00–19:50 P102, M. Ďuriník
BPE_MIE1/14: Tue 16:00–17:50 P303, M. Ďuriník
BPE_MIE1/15: Tue 10:00–11:50 P106, M. Murín
BPE_MIE1/16: Thu 10:00–11:50 P403, L. Coufalová
BPE_MIE1/17: Wed 8:00–9:50 P303, P. Chovancová
BPE_MIE1/20: Thu 14:00–15:50 P104, J. Solnička
BPE_MIE1/21: Tue 8:00–9:50 P302a, M. Murín
BPE_MIE1/22: Tue 14:00–15:50 S401, M. Murín
BPE_MIE1/23: Thu 16:00–17:50 P201, L. Coufalová
BPE_MIE1/24: Thu 14:00–15:50 P102, L. Coufalová
BPE_MIE1/27: Wed 8:00–9:50 P403, O. Špetík
BPE_MIE1/28: Thu 12:00–13:50 P102, J. Solnička
Prerequisites (in Czech)
(! BPE_MIC1 Microeconomics 1 ) && (! BKE_MIE1 Microeconomics 1 ) && (! NOWANY ( BPE_MIC1 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.
fields of study / plans the course is directly associated with
there are 124 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.
  • 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
    required literature
  • MANKIW, N. Gregory. Principles of Economics. 8. vyd. : South-Western College Pub, 2017. 836 pp. ISBN 1-305-58512-7. info
  • MANKIW, N. Gregory. Zásady ekonomie. Praha: Grada, 2000. 763 s. ISBN 80-7169-891-1. 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.
Language of instruction
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
General note: Přednášky jsou dostupné online a ze záznamu.
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 2016, Autumn 2017, Autumn 2018.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2019/BPE_MIE1