Seminar on applied microeconomic analysis

  • Credits: 3
  • Ending: Examination
  • Range: 2C
  • Semester: summer
  • Year: 3
  • Faculty of Economics and Finance

Teachers

Included in study programs

Applied Economics

Teaching results

Students should have the knowledge, skills and competences to:
1. Use supply and demand graphs, analyse the impact of total supply and demand changes on price and quantity.
2. Solve the problem of maximizing consumer utility mathematically and graphically; analyse the impact of changes in price and income on consumer decisions through pension and substitution effects.
3. Mathematically and graphically solve the problem of minimizing the company's costs.
4. Analyse the behaviour of a firm in a perfectly competitive market in the short and long run.
5. Calculate the surplus of the producer and the consumer.
6. Analyse the behaviour of firms in a monopoly or oligopoly and calculate changes in the surplus of the producer or consumer.
Students will be able to apply analytical skills to microeconomic problems. They will be able to back up their claims regarding socioeconomic problems and take a substantive position on the special topics analysed. Students will be able to clearly formulate problems and propose alternative solutions in the form of team cooperation.

Indicative content

The course begins with an analysis of the supply and demand function and the basic forces that determine the balance in a market economy. It continues with an analysis of consumer behaviour and an analysis of consumer decisions (the concept of utility in consumer theory, utility functions, indifference curves, marginal utility). It draws attention to firms and their decisions about optimal production and the effects of different market structures on the behaviour of companies. The conclusion of the course is devoted to the analysis of resource markets and the distribution of income.

Support literature

Support literature:
Basic literature:
1. Holková, V. – Veselková, A.: Mikroekonómia. Praha : Wolters Kluwer, 2020
2. Brinčíková, Z. – Lennerová, I.: Mikroekonómia: Praktikum. Bratislava: IRIS, 2024
3. Holman, R. Ekonomie. Praha : Nakladatelství C.H. Beck, 2011
Additional literature:
1. Krugman, P.: Microeconomics, 5th Edition, New York: Worth Publishers. 2008
2. Mankiw, G.: Principles of Microeconomics, 8th Edition, Boston: Cengage Learning, 2017
3. Fendeková, E. a kol.: Mikroekonómia. Zbierka príkladov. Bratislava: Wolters Kluwer 2019.

Requirements to complete the course

Requirements to complete the course:
individual work, written test, written exam
Seminars 40 %, of which:
Activity at the seminar 10 %
Elaboration and presentation of a case study 15 %
Written test 15%
Result of the final written exam 60 %

Student workload

Total study load (in hours):
Total student workload: 78 hours. Of which:
26 hrs. – participation on seminars
13 hrs. – preparation for seminars
15 hrs. – preparation of a case study
24 hrs. – preparation for the final exam

Date of approval: 26.02.2022