VŠTE:SA_NE_MIE Microeconomics – for Master st - Course Information

SA_NE_MIE Microeconomics – for Master study programme

Extent and Intensity

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

Teacher(s)

Ing. Pavel Rousek, Ph.D. (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

SA_NE_MIE/P01: Tue 8:00–9:30 N107, P. Rousek
SA_NE_MIE/S01: Tue 14:50–16:20 D416, P. Rousek

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

• Business Administration (programme VŠTE, SN_PE)

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
• 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.
• 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.

Organizační formy výuky

Lecture
Exercise

Komplexní výukové metody

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

Student Workload

Activities	Number of Hours of Study Workload
	Daily Study	Combined Study
Preparation for the Mid-term Test	13
Preparation for Lectures	26
Preparation for Seminars, Exercises, Tutorial	26
Preparation for the Final Test / Essay	13
Attendance on Lectures	26
Attendance on Seminars/Exercises/Tutorial/Excursion	26
Total:	130	0

Metody hodnocení a jejich poměr

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

Podmínky testu

To successfully complete the course, it is necessary to achieve 70% under the conditions set out below. Overall classification of the course (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.

Language of instruction

English

Teacher's information

Attendance at classes in all forms is solved by a separate internal standard of VŠTE (Records of student attendance at VŠTE). For full-time students, 70% attendance at seminars is mandatory. Assessment methods: continuous assessment in the form of a continuous test (30 points) + final evaluation in the form of a final test or essay (70 points).
Attendance at lectures is mandatory! If the student does not attend the lecture, he / she is obliged to apologize to the teacher and prove his / her absence by an apology (eg a medical report, etc.) no later than the next day when the absence occurred.

Further comments (probably available only in Czech)

The course is taught annually.

• Enrolment Statistics (winter 2022, recent)
  
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