SA_NE_MIE Microeconomics – for Master study programme

Institute of Technology and Business in České Budějovice
winter 2024
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Pavel Rousek, Ph.D. (seminar tutor)
doc. Ing. Vojtěch Stehel, MBA, PhD. (seminar tutor)
Guaranteed by
prof. Ing. Marek Vochozka, MBA, Ph.D., dr. h.c.
School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Supplier department: Economics Group – Deputy Director of Department for Research, Development and Creative Activity – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives supported by learning outcomes
The course focuses on intermediate analysis of individual economic subjects´ decision making in the finished products markets and input markets.
Learning outcomes
After successful completion of the course, students are able to:
- explain the principles of microeconomic theory,
- apply microeconomic analysis tools in decision-making problems in business management,
- understand the consumer´s behaviour,
- understand the shaping of demand in the products and services market,
- measure consumers´ benefits,
- understand the company´s behaviour in the product and services market,
- understand the shaping of supply in the product and services market,
- interpret production function,
- analyze costs and revenues of the company,
- decide on the company´s output in the product and services market,
- understand the factor market,
- analyze the labour market,
- analyze the capital market,
- understand market balance and efficiency,
- understand the role of the state,
- analyze market balance and efficiency.
Syllabus
  • Lectures
  • 1. Tools used in microeconomics. Consumer behaviour and formation of demand.
  • 2. Consumer benefit, preference and optimum.
  • 3. Demand.
  • 4. Consumer decision making in risk conditions. Company behaviour and shaping of supply.
  • 5. Selectoin of technology.
  • 6. Company costs and revenues.
  • 7. Selection of output by a perfect competitor, decision making of a company in the position of a monopoly on output and price.
  • 8. Company decision making on output and price in monopolistic competition, optimal output of a company in conditions of oligopoly. Factor markets.
  • 9. Specifics of shaping company demand for work and capital.
  • 10. Supply in perfectly and imperfectly competitive labour market.
  • 11. Labour supply.
  • 12. Capital market.
  • 13. Balance, efficiency, and role of the state.

  • Seminars
  • 1. Basic methods and tools of microeconomic analysis
  • 2. Measuring benefits, indifference curves, budget line, consumer optimum, consumer surplus.
  • 3. Demand, change in price of goods and pension impact on demand, elasticity.
  • 4. Function of benefit, optimal decision in risk conditions.
  • 5. Production function, isoquant, limit of substitution, growing output curve.
  • 6. Company costs and revenues (total, average, marginal quantities).
  • 7. Selection of output by perfect competitor, decision making of company in the position of monopoly on output and price.
  • 8. Company decision making on output and price in monopolistic competition, optimal output of a company in the conditions of oligopoly.
  • 9. Specifics of shaping company demand for labour and capital.
  • 10. Demand in perfectly and imperfectly competitive labour market.
  • 11. Labour supply.
  • 12. Capital market, consumer decision making, investment decisions.
  • 13. Balance, efficiency, and role of the state: general balance, market failure, microeconomic policy of the state.
Literature
    required literature
  • SNYDER, Ch. M. a W. NICHOLSON, 2016. Microeconomic theory: basic principles and extensions. 12th, internat. edit. South-Western/Cengage Learning. ISBN 978-1-305-50579-7.
  • NICHOLSON, W. a CH. M. SNYDER, 2014. Intermediate microeconomics and its application. 12th edit. South-Western Cengage Learning. ISBN 978-1-133-18902-2.
  • NICHOLSON, W. et al., [2014]. Intermediate microeconomics. Cengage Learning. ISBN 978-1-4737-0913-3.
Forms of Teaching
Lecture
Exercise
Teaching Methods
Frontal Teaching
Group Teaching - Cooperation
Brainstorming
Critical Thinking
Individual Work– Individual or Individualized Activity
Student Workload
ActivitiesNumber of Hours of Study Workload
Daily StudyCombined Study
Preparation for the Mid-term Test13 
Preparation for Lectures26 
Preparation for Seminars, Exercises, Tutorial26 
Preparation for the Final Test / Essay13 
Attendance on Lectures26 
Attendance on Seminars/Exercises/Tutorial/Excursion26 
Total:1300
Assessment Methods and Assesment Rate
Test – mid-term 30 %
Test – final 70 %
Essay 70 %
Exam conditions
To successfully complete the course, it is necessary to achieve 70% under the conditions set out below. Overall classification of the subject, i.e. points for the test (100-0): A 100 - 90, B 89.99 - 84, C 83.99 - 77, D 76.99 - 73, E 72.99 - 70, FX 69.99 - 30, F 29.99 - 0.

Assessment methods: Continuous assessment will be in the form of a Mid-term test and is mandatory for all students (30 points). Final evaluation: the student chooses one option from the final evaluation: 1. final test - 90 points (70 + 20 points for bonus questions that will be part of the test). 2. essay processing - 90 points (70 + 20 bonus points for excellent and quality processing). Bonus points can also be obtained by shooting a maximum of two minutes of video (in MP4 format), in which the student summarizes the results of his essay.

The student of the full-time form of study is obliged to fulfill the obligatory 70% attendance at the contact teaching, i.e. everything except lectures. If the participation is not met, the student will be automatically classified unsuccessfully.

Language of instruction
English
Further comments (probably available only in Czech)
The course is taught annually.
The course is taught: every week.
Teacher's information
For full-time students, 70% attendance at seminars is mandatory. Assessment methods: continuous assessment in the form of a mid-term test (30 points) + final evaluation in the form of a final test or essay (70 points). Information for students with an individual study plan: The student will use the study support for students of combined study. The study support is accessible in IS VŠTE. It is a study guide that clarifies the goal of each topic, the target learning outcomes (competencies to be acquired by the student), and sources of information. However, the study support in no way replaces the compulsory or recommended literature of the course. As part of the course evaluation, the student will pass only the final test, which will be evaluated in the range of 0 - 100 points. The student will agree on a specific date and time for the examination period with the course guarantor by e-mail. The guarantor's e-mail address is 4017@mail.vstecb.cz.
The course is also listed under the following terms winter 2022, winter 2023.
  • Enrolment Statistics (winter 2024, recent)
  • Permalink: https://is.vstecb.cz/course/vste/winter2024/SA_NE_MIE