Selected topics from microeconomics

  • Credits: 7
  • Ending: Examination
  • Range: 26sP
  • Semester: winter
  • Year: 1
  • Faculty of Economics and Finance

Teachers

Included in study programs

Finance

Finance

Teaching results

The goal of the course is to enlarge or extend the knowledge from the selected topics form the microeconomics and understand new approaches in order to obtain skills and abilities to assess and solve various theoretical and practical problems at the microeconomic level (firm analysis, consumer behavior, production factors markets, public goods, efficiency versus equity) and to apply the knowledge to economic policy in practice.
Students obtain:
• Skills and Ability to use quantitative methods and models
• Ability to formulate their own conclusions and interpret them theoretically
• The ability to apply theoretical knowledge in economic research.

Indicative content

Indicative content:
1. Selected problems of the imperfect competition (theory and practice) – profit and loss of monopoly, price discrimination and regulation, strategic behavior of oligopoly, price policy, monopolistic competition
2. Production factors market and its specific features in determining demand and supply of production factors
3. General equilibrium theory, efficiency versus equity, well-being, and possibilities to its growth – several perspectives and the role of government
4. Public goods and externalities – theoretical and practical aspects

Support literature

Support literature:
1. Glanville Alan: Economics from a global perspective (second edition), Glanville Books Ltd, 33 Five Mile Drive, Oxford, OX2 8HT, UK, 2003
2. Varian, H., R.: Intermediate Microeconomics. A modern Approach. Norton, New Yor, 2010
3. Holková, V. - Veselková: Mikroekonómia. Praha: Wolters Kluwer, 2020.
4. Parkin Michael: Microeconomics (tenth edition), Pearson Education Limited, Edinburg Gate, Harlow, Essex CM20 2JE, England, 2012
5. Estrin Saul and Laidler David: Introdution to microeconomics, Redwood books, Towbridge, Wildshire, 1995
6. Bergstrom Theodore C. and Varian Hal V.: Workouts in Intermediate microeconomics, W.W. Norton & company, New York and London, 1999

Requirements to complete the course

20 % - activity in class
20 % - presentation of the project
60 % written exam

Date of approval: 13.02.2023

Date of the latest change: 16.06.2021