B_MIE Microeconomics

Institute of Technology and Business in České Budějovice
winter 2025
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)
Ing. Stanislav Veselý (seminar tutor)
PhDr. Jaroslav Vlach (seminar tutor)
Ing. Jan Vokoun (seminar tutor)
Guaranteed by
doc. Ing. Vojtěch Stehel, MBA, PhD.
Department of Corporate Finance and Economics – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Supplier department: Department of Corporate Finance and Economics – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Timetable of Seminar Groups
B_MIE/K16: Sun 5. 10. 9:40–11:10 E1, Sun 2. 11. 8:00–12:30 E1, Sun 16. 11. 8:00–12:30 E1, Sat 20. 12. 9:40–11:10 E1, V. Stehel, S. Veselý
B_MIE/P01: Wed 9:40–11:10 E1, V. Stehel
B_MIE/P02: Fri 9:40–11:10 B1, J. Vlach
B_MIE/S01: Fri 9:40–11:10 I303, P. Rousek
B_MIE/S02: Thu 8:00–9:30 B5, P. Rousek
B_MIE/S03: Wed 11:25–12:55 I303, P. Rousek
B_MIE/S04: Wed 14:50–16:20 E6, S. Veselý
B_MIE/S05: Fri 13:05–14:35 E7, S. Veselý
B_MIE/S06: Thu 16:30–18:00 I303, J. Vokoun
B_MIE/S07: Fri 16:30–18:00 D515, J. Vokoun
B_MIE/S08: Fri 11:25–12:55 D416, J. Vlach
B_MIE/S09: Fri 8:00–9:30 I303, S. Veselý
B_MIE/S10: Thu 13:05–14:35 D416, J. Vokoun
B_MIE/S11: Thu 9:40–11:10 I303, S. Veselý
B_MIE/S12: Thu 11:25–12:55 D616, S. Veselý
B_MIE/S13: Fri 14:50–16:20 B4, J. Vokoun
B_MIE/S14: Wed 13:05–14:35 E6, S. Veselý
B_MIE/S15: Thu 14:50–16:20 D416, J. Vokoun
Prerequisites
-
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 aim of the course is to acquaint students with the basic economic categories in the field of microeconomics, which is the basis for the study of other related economic disciplines.
Learning outcomes
Upon successful completion of the course, the student:
1. can describe the basics of the history of economic thought,
2. can explain the behavior of consumers and companies in all markets,
3. can define basic microeconomic categories,
4. is able to derive supply, demand, prices, etc.,
5. is able to appropriately connect the acquired theoretical knowledge with real practice and actively use it in other economic disciplines.
Syllabus
  • 1. Basic economic concepts, market formation, division of labor. Basic market elements, supply, demand, market equilibrium, competition.
  • 2. Consumer behavior and the formation of demand in the market for goods and services.
  • 3. Firm behavior and supply creation. Elasticity of supply and demand.
  • 4. Production function and firm costs.
  • 5. Perfect competition.
  • 6. Imperfect competition.
  • 7. Profit and alternative objectives of the firm.
  • 8. Market for factors of production.
  • 9. Capital market: stocks, bonds, and derivatives
  • 10. Applied microeconomics, business decision-making, and the microeconomic role of the state.
  • 11. Game theory and strategies in practice.
  • 12. Behavioral economics and decision-making biases.
  • 13. Modern trends and the digital economy.
  • Seminars:
  • 1. Basic economic concepts, market formation, division of labor. Basic market elements, supply, demand, market equilibrium, competition.
  • 2. Consumer behavior and the formation of demand in the market for goods and services.
  • 3. Firm behavior and supply creation. Elasticity of supply and demand.
  • 4. Production function and firm costs.
  • 5. Perfect competition.
  • 6. Imperfect competition.
  • 7. Profit and alternative objectives of the firm.
  • 8. Market for factors of production.
  • 9. Capital market: stocks, bonds, and derivatives
  • 10. Applied microeconomics, business decision-making, and the microeconomic role of the state.
  • 11. Game theory and strategies in practice.
  • 12. Behavioral economics and decision-making biases.
  • 13. Modern trends and the digital economy.
Literature
    required literature
  • HOLMAN, Robert. Ekonomie. In Beckovy ekonomické učebnice. 6. vydání. 696 stran. Beckovy ekonomické učebnice. ISBN 978-80-7400-278-6. Digitalizovaný dokument info
    recommended literature
  • SIRŮČEK, Pavel; Libuše MACÁKOVÁ and Marta NEČADOVÁ. Mikroekonomická teorie I. : cvičebnice. 2. aktualizované vydání. 303 stran. ISBN 80-86175-37-5. info
  • HAŠKOVÁ, Simona; Lukáš KUČERA and Václav TRACHTA. Mikroekonomie : studijní skripta. 1. vyd. České Budějovice: Vysoká škola technická a ekonomická v Českých Budějovicích, 2014, 134 pp. ISBN 978-80-7468-065-6. info
  • MACÁKOVÁ, Libuše. Mikroekonomie : základní kurz. 11. vyd. Slaný: Melandrium, 2010, 275 s. ISBN 978-80-86175-70-6. info
Forms of Teaching
Lecture
Seminar
Tutorial
Teaching Methods
Frontal Teaching
Group Teaching - Cooperation
Brainstorming
Critical Thinking
Individual Work– Individual or Individualized Activity
Teaching Supported by Multimedia Technologies
Student Workload
ActivitiesNumber of Hours of Study Workload
Daily StudyCombined Study
Preparation for the Mid-term Test / Essay2424
Preparation for Seminars, Exercises, Tutorial2056
Preparation for the Final Test3434
Attendance on Lectures26 
Attendance on Seminars/Exercises/Tutorial/Excursion2616
Total:130130
Assessment Methods and Assesment Rate
Test – mid-term 30 %
Test – final 70 %
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
Assessment Methods:

Continuous assessment will be carried out as follows:

  • A test during seminars - The date will be arranged with the instructor.
  • The test can be retaken

Points towards the final assessment can also be earned through in-class activity (quizzes).

Final assessment in the form of a theoretical test (70 points + possible bonus).

  • Enrolment Statistics (recent)
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