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

NE_MIE Microeconomics for Master's 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)
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 – Department of Deputy Director for Research, Development and Creative Activities – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice

Timetable of Seminar Groups

NE_MIE/NE6: Sat 19. 10. 13:05–14:35 B3, 14:50–16:20 B3, 16:30–18:00 B3, Sun 27. 10. 11:25–12:55 I214P, 13:05–14:35 I214P, 14:50–16:20 I214P, Sun 8. 12. 11:25–12:55 B3, 13:05–14:35 B3, P. Rousek
NE_MIE/P01: Thu 8:00–9:30 I214P, V. Stehel
NE_MIE/S01: Fri 11:25–12:55 B5, P. Rousek
NE_MIE/S02: Fri 14:50–16:20 B4, 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
• HOLMAN, R., 2002. Mikroekonomie: středně pokročilý kurz. Praha: C. H. Beck. ISBN 80-7179-737-5.
• HOŘEJŠÍ, B., J. SOUKUPOVÁ, L. HOŘEJŠÍ a J. SOUKUP, 2006. Mikroekonomie. 4. rozšíř. vyd. Praha: Management Press. ISBN 978-80- 7261-150-8
• HOŘEJŠÍ, B., J. SOUKUPOVÁ, L. HOŘEJŠÍ a J. SOUKUP, 2010. Mikroekonomie. 5., aktualiz. vyd. Praha: Management Press. ISBN 978-80-7261-218-5.

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
• 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.
• LIPOVSKÁ, H., 2017. Moderní ekonomie; Jednoduše o všem, co byste měli vědět. Praha: Grada. ISBN 978-80-271-9608-1.
• JINDRA, V. Katedra ekonomie. Univerzita Hradec Králové [online]. [cit. 2017-12-02] Dostupné z: https://edu.uhk.cz/~jindrvo1/files/miek2/texty
• MANKIW, N. G., 1999. Zásady ekonomie. Praha: Grada. ISBN 978-80- 7169-891-3.
• 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.
• UNIVERZITA TOMÁŠE BATI VE ZLÍNĚ. Chování spotřebitele a formování poptávky [online]. [cit. 2017-12-02]. Dostupné z: http://slideplayer.cz/slide/2515435/
• FIALOVÁ, H. a J. FIALOVÝ, 2011. Ekonomie pro studenty. Praha: Fiala Partners s.r.o., Vydavatelství A plus. ISBN 978-80-903804-6-2.

Forms of Teaching

Lecture
Seminar
Tutorial
Consultation

Teaching Methods

Frontal Teaching
Group Teaching - Cooperation
Brainstorming
Critical Thinking
Individual Work– Individual or Individualized Activity
Teaching Supported by Multimedia Technologies

Student Workload

Activities	Number of Hours of Study Workload
	Daily Study	Combined Study
Preparation for the Mid-term Test / Essay	24	24
Preparation for Seminars, Exercises, Tutorial	20	56
Preparation for the Final Test	34	34
Attendance on Lectures	26
Attendance on Seminars/Exercises/Tutorial/Excursion	26	16
Total:	130	130

Assessment Methods and Assesment Rate

Test – final 70 %
Essay 30 %

Exam conditions

To successfully complete the course, it is necessary to achieve a total of at least 70% from the mid-term and final assessment under the conditions set out below. 30 points, i.e. 30%, can be obtained in the mid-term evaluation. A total of 70 points, i.e. 70%, can be obtained in the final assessment. Overall classification of the course (100-0), i.e. points for the final assessment (70 – 0) + points from the mid-term assessment (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. A full-time student is obliged to attend contact classes incl. lectures to meet the mandatory 70% attendance. If attendance is not met, the student will automatically be graded "-".

Language of instruction

Czech

Further comments (probably available only in Czech)

The course is taught annually.

Teacher's information

Evaluation methods: mid-term evaluation in the form of an essay (30 points). Final evaluation in the form of a theoretical test (70 points + eventual bonus). In the case of a receiving of 50 to 70 points in the sum of the mid-term and final evaluation, the possibility of an additional oral examination. Attendance at classes in all forms is solved by a separate internal standard of VŠTE (Records of student attendance at VŠTE). During the study, the student is obliged to acquire the content of the essays of other students, which will serve as one of the additional study materials. At the same time, several essays will be assigned to the student whose production will show their evaluation in the form of the order of their quality and verbal justification of the assigned order.

Information for students with an individual study plan:

The student will use the study support for students of the 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.

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