SubjectsSubjects(version: 861)
Course, academic year 2019/2020
  
Microeconomics - B837007
Title: Mikroekonomie
Guaranteed by: Department of Economics and Management (837)
Actual: from 2019
Semester: winter
Points: winter s.:2
E-Credits: winter s.:2
Examination process: winter s.:
Hours per week, examination: winter s.:2/0 C [hours/week]
Capacity: unknown / unknown (unknown)
Min. number of students: unlimited
Language: Czech
Teaching methods: full-time
Level:  
For type: Bachelor's
Note: course can be enrolled in outside the study plan
enabled for web enrollment
Guarantor: Klečka Jiří Ing. Ph.D.
Interchangeability : N832001
Z//Is interchangeable with: N832001
Annotation -
Last update: Klečka Jiří Ing. Ph.D. (18.01.2018)
Micreconomics deals with specific economic units and a detailed consideration of these individual units. At this level of analysis, the economist figuratively puts an economic unit, or very small segment of the economy, under the microscope to observe details of its operation. Here we talk of individual industry, firm, or household, and concentrate on such magnitudes as the output or price of a specific product, the number of workers employed by a single firm, the revenue or income of a praticular firm or family. In microeconomics we examine the trees, not the forest. Micreconomics is useful in achieving a worm´s- eye view of some specific component of our economic system.
Aim of the course -
Last update: Klečka Jiří Ing. Ph.D. (18.01.2018)

After successful completion of the course, students will be able to think like an economist, theoretically analyze economic issues and to understand the relationship between economic theory and economic reality. Students will be able to apply the basic principles of human economic behavior and the functioning of markets in contemporary economic reality and deal with application examples. Students understand basic economic concepts and models in the light of the latest scientific knowledge, with an emphasis on the globalization process. The Students will be able to explain, solve and apply the principles of decision making and behavior of economic agents (households and firms), the functioning of markets, the nature of competition and regulation of the markets, the impact of price controls, capital and labor markets, externalities and public goods.

Literature -
Last update: Klečka Jiří Ing. Ph.D. (18.01.2018)

R: Pichaničová, L., Pačesová, H.: Ekonomie I, (Mikroekonomie), VŠCHT, 2005, 80-7080-503-X

R: Holman, R.: Ekonomie, Praha, C. H. Beck, 2016, 6. vydání, ISBN 978-80-7400-278-6

A: Mankiw, N. G.: Zásady ekonomie, Praha, Grada, 1999, K21

A: Varian, H. R.: Mikroekonomie, Praha, Victoria Publishing, 1995, K1

A: Frank, R. H., Bernanke, B. S.: Mikroekonomie, Praha, Grada Publishing, 2002, K9

Learning resources -
Last update: Klečka Jiří Ing. Ph.D. (18.01.2018)

Auxiliary text on https://books.google.cz/books?id=nHiz2BJdwHYC&pg=PR1&dq=holman+r&hl=cs&sa=X&ved=0ahUKEwiDkqvFzeHYAhWBqSwKHaGlAIAQ6AEIOTAC#v=onepage&q=holman%20r&f=false

Syllabus -
Last update: Klečka Jiří Ing. Ph.D. (10.09.2019)

1. The basic problems of economic organization of society.

2. The market economy, demand and supply, equilibrium with supply and demand model.

3. Individual choise, self interest and economic reasoning. Indifference curve analysis. Price elasticity of demand.

4. The firm and its goals.

5. Cost in the short run, cost in the long run. Graphical analysis.

6. Market equilibrium and efficiency, the role of the government.

7. A model of perfect competition, profit maximization and eguilibrium of competitive firm.

8. A model of monopoly, determining the monopolist´s price and output.

9. Monopolistic competition.

10.Oligopoly and strategic behavior.

11. Factor market, demand, supply.

12. Capital market (rents, profits and interest).

13. Investment decision and business.

14. Externalities and public goods.

Registration requirements -
Last update: Kubová Petra Ing. (17.01.2018)

None

Course completion requirements -
Last update: Klečka Jiří Ing. Ph.D. (16.05.2019)

The course is concluded with a credit based on successful completion of two mid-term tests.

 
VŠCHT Praha