VŠTE:NE_MIE Microeconomics for Master's st

NE_MIE Microeconomics for Master's study programme

Institute of Technology and Business in České Budějovice
winter 2019

Extent and Intensity

2/2/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Pavel Rousek, Ph.D. (seminar tutor)
prof. Ing. Marek Vochozka, MBA, Ph.D., dr. h.c. (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: School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice

Timetable of Seminar Groups

NE_MIE/NE1: Sat 12. 10. 8:00–9:30 E1, 9:40–11:10 E1, Sat 2. 11. 8:00–9:30 B1, 9:40–11:10 B1, Sun 24. 11. 8:00–9:30 B1, 9:40–11:10 B1, Sat 7. 12. 8:00–9:30 E1, 9:40–11:10 E1, P. Rousek, M. Vochozka
NE_MIE/F01: Wed 13:05–14:35 N121, M. Vochozka
NE_MIE/S01: Fri 8:00–9:30 N004, P. Rousek
NE_MIE/S02: Wed 16:30–18:00 N107, P. Rousek

Course Enrolment Limitations

The course is offered to students of any study field.

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 shaping of demand.
2. Consumer benefit, preference, and optimum.
3. Demand.
4. Consumer decision making in risk conditions. Company behaviour and shaping of supply.
5. Selectin 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

HOŘEJŠÍ, B., J. SOUKUPOVÁ, L. HOŘEJŠÍ a J. SOUKUP, 2010. Mikroekonomie. 5., aktualiz. vyd. Praha: Management Press. ISBN 978-80-7261-218-5.
HOŘEJŠÍ, B., J. SOUKUPOVÁ, L. HOŘEJŠÍ a J. SOUKUP, 2006. Mikroekonomie. 4. rozšíř. vyd. Praha: Management Press. ISBN 978-80- 7261-150-8
HOLMAN, R., 2002. Mikroekonomie: středně pokročilý kurz. Praha: C. H. Beck. ISBN 80-7179-737-5.

recommended literature

KEŘKOVSKÝ, M. a J. LUŇÁČEK, 2012. Úvod do mikroekonomie - s využitím prvků distančního studia. Praha: C. H. Beck. ISBN 978-80-7179- 365-6
JINDRA, V. Katedra ekonomie. Univerzita Hradec Králové [online]. [cit. 2017-12-02] Dostupné z: https://edu.uhk.cz/~jindrvo1/files/miek2/texty
JIHOČESKÁ UNIVERZITA V ČESKÝCH BUDĚJOVICÍCH. Příjmy, náklady, zisk, bod zvratu [online]. Interní pracovní materiál – Katedra ekonomiky EF JU v Českých Budějovicích. Dostupné z: http://www2.ef.jcu.cz/~jalina/sim/rev.pdf
JUREČKA, V. et al., 2013. Mikroekonomie. Praha: Grada. ISBN 978-80- 247-4385-1.
UNIVERZITA TOMÁŠE BATI VE ZLÍNĚ. Chování spotřebitele a formování poptávky [online]. [cit. 2017-12-02]. Dostupné z: http://slideplayer.cz/slide/2515435/
FIALOVÁ, H., 2016. Studijní materiály pro makro a mikroekonomiku [online]. [cit. 2017-12-02]. Dostupné z: http://docplayer.cz/2192335-Docing-helena-fialova-csc-katedra-ekonomiky-manazerstvi-a- humanitnichcvut-v-praze-fel.html.
FIALOVÁ, H. a J. FIALOVÝ, 2011. Ekonomie pro studenty. Praha: Fiala Partners s.r.o., Vydavatelství A plus. ISBN 978-80-903804-6-2.
MANKIW, N. G., 1999. Zásady ekonomie. Praha: Grada. ISBN 978-80- 7169-891-3.
LIPOVSKÁ, H., 2017. Moderní ekonomie; Jednoduše o všem, co byste měli vědět. Praha: Grada. ISBN 978-80-271-9608-1.

Forms of Teaching

Lecture
Seminar

Teaching Methods

Frontal Teaching
Group Teaching - Cooperation
Brainstorming
Critical Thinking
Individual Work– Individual or Individualized Activity

Student Workload

Activities	Number of Hours of Study Workload
Activities	Daily Study	Combined Study
Test – mid-term	2	2
Preparation for the Mid-term Test	26	26
Preparation for Seminars, Exercises, Tutorial	22	32
Preparation for the Final Test	26	52
Test – final	2	2
Attendance on Lectures	26
Attendance on Seminars/Exercises/Tutorial/Excursion	26	16
Total:	130	130

Assessment Methods and Assesment Rate

Test – mid-term 30 %
Test – final 70 %

Exam conditions

For successful completion of the course it is necessary to achieve at least 70 % of the course and final test together under the conditions specified below. In the course test, students can get up to 30 points, i.e. 30 %. In the final test, students can get up to 70 points, i.e. 70 %. Grading for the course, i.e. points for the final test (70 - 0) + points for the course test (30 - 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. Students in the full-time form of study are obliged to participate in 70 % of the lessons (except for lectures). If this condition is not fulfilled, the student will automatically get “F” grade.

Course test – 30 points (i.e. 30 %)

Final test – 70 points (i.e. 70 %)

Language of instruction

Czech

Further comments (probably available only in Czech)

The course is taught annually.

Teacher's information

http://www.mpo.cz
Attendance in the course is defined in a separate VSTE internal standard (Evidence of student attendance at VSTE) for all forms of study. Students in full-time form of study are obliged to attend at least 70 % of the seminars.

The course is also listed under the following terms summer 2020, winter 2020, winter 2021, winter 2022, winter 2023, winter 2024.

Enrolment Statistics (winter 2019, recent)
Permalink: https://is.vstecb.cz/course/vste/winter2019/NE_MIE

VŠTE:NE_MIE Microeconomics for Master's st - Course Information

NE_MIE Microeconomics for Master's study programme

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