Zápočet student získává po obdržení alespoň 50 % bodů ze dvou testů během semestru. První test má váhu 35 % a druhý 65 %. Druhý test je možné jednou opakovat. Nutnou podmínkou pro získání zápočtu je prezentace mikroekonomického tématu. Konkrétní podmínky pro uznání prezentace stanovuje vedoucí cvičení na začátku semestru. Zkouška je písemná a student musí student získat alespoň 50 % bodů. V případě omezení v důsledku opatření školy se zkouška může konat ústně prostřednictvím MSTeams.

To be admitted to the exam the student needs to obtain at least 50 % of the points in two written assessements during the semestre. The first assessement has a weight of 35 % and the second assessement has a weight of 65 %. The second assessement may be retaken once. A necessary condition for receiving credit is a presentation of a microeconomic topic. The specific conditions for recognizing the presentation are set by the instructor at the beginning of the semester. The exam is written and the student must obtain at least 50% of the points. In the event of restrictions due to school measures, the exam can be held orally via MSTeams.

English

R: Pindyck R., Rubinfeld D. Microeconomics, 9th edition. Prentice Hall. 2020.

A: Nicholson W., Snyder C M. Intermediate Microeconomics and Its Application, 12th edition. South-Western College Pub. 2012.

English

R: Pindyck R., Rubinfeld D. Microeconomics, 9th edition. Prentice Hall. 2020.

A: Nicholson W., Snyder C M. Intermediate Microeconomics and Its Application, 12th edition. South-Western College Pub. 2012.

To be admitted to the exam the student needs to obtain at least 50 % of the points in two written assessements during the semestre. The first assessement has a weight of 35 % and the second assessement has a weight of 65 %. The second assessement may be retaken once. A necessary condition for receiving credit is a presentation of a microeconomic topic. The specific conditions for recognizing the presentation are set by the instructor at the beginning of the semester. The exam is written and the student must obtain at least 50% of the points. In the event of restrictions due to school measures, the exam can be held orally via MSTeams.

1. Conditions for optimal choice in the markets of goods and services. Demand of Marshall and Hicks.

2. Analysis of demand with respect to prices. Substitution and income effect. Cross-substitution and cross- income effect. PCC function. Price elasticities.

3. Analysis of demand with respect to income. Engel’s expenditure function. Income elasticity.

4. Production and costs analysis in the short run.

5. Production and costs analysis in the long run.

6. Revenue analysis.

7. Profit maximization. Revenue maximization. The effect of changes in demand conditions, production and input prices on decision-making of firms.

8. Monopoly. Price discrimination.

9. Oligopoly. Price leadership. Cournot and Stackelberg models.

10. Monopolistic competition. The difference between the short run and the long run.

11. Profit maximization on the labor market.

12. Utility maximization and labor supply.

13. Market Failures