AB_MIE Microeconomics - for Bachelor's Degree

Institute of Technology and Business in České Budějovice
winter 2026
Extent and Intensity
2/2. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Vojtěch Stehel, MBA, PhD. (lecturer)
Ing. Pavel Rousek, Ph.D. (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
AB_MIE/P01: Fri 8:00–9:30 D617, P. Rousek
AB_MIE/S01: Fri 13:05–14:35 D315, P. Rousek
Prerequisites
-
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 30 student(s).
Current registration and enrolment status: enrolled: 2/30, only registered: 0/30
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
  • NICHOLSON W. a Ch. SNYDER. Intermediate Microeconomics and Its Application. 13th. Spojené státy americké: CENGAGE, 2022. 630. ISBN 978-0-357-13306-4
    recommended literature
  • RUGMAN, Paul R. Microeconomics. Fourth edition. New York: Worth Publishers, [2015]. xxxi, 606, 50 stran. ISBN 978-1-4641-4387-8.
  • O'SULLIVAN, A. a PEREZ, S. M. Microeconomics : Principles, Applications, and Tools. 6. vyd. New Jersey: Pearson/Prentice Hall, 2010. 444 s. ISBN 978-0-13-609405-0.
Organizační formy výuky
Lecture
Seminar
Komplexní výukové metody
Frontal Teaching
Group Teaching - Competition
Whole-class instruction
Cooperative group learning
Brainstorming
Critical thinking
Independent work – individual or individualised learning activities
Multimedia-supported instruction
Student Workload
ActivitiesNumber of Hours of Study Workload
Daily StudyCombined Study
Preparation for the Mid-term Test / Essay24 
Preparation for Seminars, Exercises, Tutorial20 
Preparation for the Final Test34 
Attendance on Lectures26 
Attendance on Seminars/Exercises/Tutorial/Excursion26 
Total:1300
Metody hodnocení a jejich poměr
Test – mid-term 30%
Test – final 70%
Podmínky testu
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
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)
  • Permalink: https://is.vstecb.cz/course/vste/winter2026/AB_MIE