SA_NE_MIE Microeconomics – for Master study programme

Institute of Technology and Business in České Budějovice
winter 2022
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
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.
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 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
Further comments (probably available only in Czech)
The course is taught annually.
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.

The course is also listed under the following terms winter 2023.
  • Enrolment Statistics (winter 2022, recent)
  • Permalink: https://is.vstecb.cz/course/vste/winter2022/SA_NE_MIE