Advanced Microeconomics

Teachers

Included in study programs

Teaching results

Knowledge:
Graduates of the course have in-depth knowledge of selected microeconomic problems in the field of consumer, business, HF allocation. Students are able to identify mutual microeconomic relationships between market participants. They will learn to model the decision-making of economic entities and acquire knowledge that will allow them to optimize strategies in different markets.
Competences:
Through the study of advanced macroeconomics, students will acquire the competence to analyze the impact of state measures on the decision-making of economic entities with the support of the use of tools of microeconomic analysis. Their knowledge will create competencies in the field of decision-making of economic entities on optimal strategies in the microsphere.
Skills:
Through the study of this subject, students acquired skills and abilities through the tools of microeconomic analysis to evaluate specific cases of decision-making by consumers and companies in different market structures. They will acquire skills in searching and processing data files for the needs of microeconomic analysis.

Indicative content

1. Model of rational consumer choice - maximization of utility function,
2. Marshal's demand, indirect functions of utility, price indifference curves.
3. Shaping demand from the perspective of the individual factors.
4. Company decision-making about technology in relation to costs and time period - the sector of effective decision-making.
5. Equilibrium of the company in an environment of perfect competition - profit maximization, loss minimization.
6. Firms in individual forms of imperfect competition.
7. Models of optimal supply and price of a competing firm.
8. Monopolies and their control,
9. Game theory - strategic behavior and competitive strategies of oligopolies.
10. Market failures and the possible solutions in the form of state actions.
11. Monopolistic competition

Support literature

Support literature:
1. Varian, H., R.: Intermediate Microeconomics. A modern Approach. Norton, New Yor, 2010
2. Etner, F.: Mikroekonómia. Bratislava: Elita 1993.
3. Gravelle, H. – Rees, R.: Microeconomics. 3. vydání, Prentice Hall, London 2004.
4. Soukup, J.: Mikroekonomická analýza. Praha: E-knihy, 2012.
5. Mansfield, E. – Yoh, G. J.: Microekonomics:Theory and Applications. 11th Edition. New
York: W. W. Norton & Company, Inc., 2004.

Requirements to complete the course

individual work, written essay, preliminary tests
written exam
Preliminary evaluation at seminars: 40%
• seminar activity 10%
• preliminary written work 15%
• case study and its presentation 15%
Final exam 60%

Date of approval: 13.02.2023

Date of the latest change: 08.04.2021