Microeconomics
- Credits: 6
- Ending: Examination
- Range: 2P + 2C
- Semester: winter
- Year: 2
- Faculty of Economics and Finance
Teachers
Included in study programs
Teaching results
The study of microeconomic theory will provide students with:
Knowledge:
•
Theoretical knowledge about rational consumer decision-making and their preferences in various consumer situations, the formation of demand and the factors affecting demand,
•
Understanding theories of the firm, goals of the firm and decisions about price and output in perfect competition, monopoly, oligopoly and monopolistic competition,
•
Understanding the concept of general equilibrium and efficiency in the context of market failures,
Competencies and skills:
•
The ability to assess behavior of consumers and firms in different market situations using tools of microeconomic analysis,
•
Analytical skills to evaluate the effects of government intervention to address market failures and the ability to apply knowledge of microeconomics in economic practice,
•
Ability to work in teams and presentation skills.
Indicative content
Indicative content:
LECTURES
1.
Introduction to Microeconomics, Methods and Tools of Microeconomic Analysis
2.
Microeconomic Consumer Theory
3.
Factors Influencing Demand and Demand Elasticity
4.
Decision-making under Risk and Uncertainty
5.
Production Theory and Output Optimization
6.
Competitive Market
7.
Monopoly and Monopolistic Behavior
8.
Oligopoly and Monopolistic Competition
9.
Factor Markets – Labor Market
10.
Capital, Land, and Natural Resource Markets
11.
General Equilibrium Theory, Efficiency, and Equity
12.
Market Failures and the Role of the Government in Microeconomics
13.
New Trends in Microeconomics
SEMINARS
1.
Introduction to Seminars, Tools of Microeconomic Analysis
2.
Utility and Consumer Equilibrium
3.
Analysis of Factors Affecting Demand – Graphical and Mathematical Solutions
4.
Decision-making under Risk and Uncertainty
5.
Production Theory and Output Optimization
6.
Competitive Market
7.
Imperfect Competition – Monopoly
8.
Oligopoly and Monopolistic Competition
9.
Factor Markets – Labor Market
10.
Capital, Land, and Natural Resource Markets
11.
General Equilibrium Theory, Efficiency, and Equity
12.
Asymmetric Information and Its Consequences: Adverse Selection, Moral Hazard, and Signaling. Agency Theory. Case Study Presentations and Discussion.
13.
Summary of the Course, Overall Student Performance Evaluation.
Support literature
Literature:
1.
Holková, V., Veselková, A. Mikroekonómia. Prague: Wolters Kluwer, 2020.
2.
Varian, H. R. Intermediate Microeconomics. W. W. Norton & Company, London, 2019.
3.
Holman, R. Mikroekonomie. Prague: C. H. Beck, 2002.
4.
Nicholson, W. Microeconomic Theory: Basic Principles and Extensions. South-Western, Thomson Learning, 2002.
5.
Banerjee, S. Intermediate Microeconomics: A Tool-Building Approach, 2nd edition. Routledge, 2021. ISBN: 9780367245351
6.
Frank, H. Robert. Mikroekonomie a chování. Prague: Svoboda, 1995.
7.
Pindyck, R. S., & Rubinfeld, D. L. Microeconomics (9th edition). Pearson, 2019.
8.
• Parkin, M. Microeconomics (10th edition). Pearson Education Limited, Edinburgh Gate, Harlow, Essex CM20 2JE, England, 2012.
Requirements to complete the course
40 % - activities at seminars
60 % - written exam
Student workload
26 hours - participation in lectures
26 hours - participation in seminars
65 hours - preparation for seminars
39 hours - preparation for the final exam
Date of approval: 11.03.2024
Date of the latest change: 12.06.2025