NE_MIE Microeconomics for Master's study programme

Institute of Technology and Business in České Budějovice
winter 2019
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Pavel Rousek, Ph.D. (seminar tutor)
prof. Ing. Marek Vochozka, MBA, Ph.D., dr. h.c. (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
NE_MIE/NE1: Sat 12. 10. 8:00–9:30 E1, 9:40–11:10 E1, Sat 2. 11. 8:00–9:30 B1, 9:40–11:10 B1, Sun 24. 11. 8:00–9:30 B1, 9:40–11:10 B1, Sat 7. 12. 8:00–9:30 E1, 9:40–11:10 E1, P. Rousek, M. Vochozka
NE_MIE/F01: Wed 13:05–14:35 N121, M. Vochozka
NE_MIE/S01: Fri 8:00–9:30 N004, P. Rousek
NE_MIE/S02: Wed 16:30–18:00 N107, 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
  • HOŘEJŠÍ, B., J. SOUKUPOVÁ, L. HOŘEJŠÍ a J. SOUKUP, 2010. Mikroekonomie. 5., aktualiz. vyd. Praha: Management Press. ISBN 978-80-7261-218-5.
  • HOŘEJŠÍ, B., J. SOUKUPOVÁ, L. HOŘEJŠÍ a J. SOUKUP, 2006. Mikroekonomie. 4. rozšíř. vyd. Praha: Management Press. ISBN 978-80- 7261-150-8
  • HOLMAN, R., 2002. Mikroekonomie: středně pokročilý kurz. Praha: C. H. Beck. ISBN 80-7179-737-5.
    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
  • JINDRA, V. Katedra ekonomie. Univerzita Hradec Králové [online]. [cit. 2017-12-02] Dostupné z: https://edu.uhk.cz/~jindrvo1/files/miek2/texty
  • 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.
  • UNIVERZITA TOMÁŠE BATI VE ZLÍNĚ. Chování spotřebitele a formování poptávky [online]. [cit. 2017-12-02]. Dostupné z: http://slideplayer.cz/slide/2515435/
  • 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.
  • FIALOVÁ, H. a J. FIALOVÝ, 2011. Ekonomie pro studenty. Praha: Fiala Partners s.r.o., Vydavatelství A plus. ISBN 978-80-903804-6-2.
  • MANKIW, N. G., 1999. Zásady ekonomie. Praha: Grada. ISBN 978-80- 7169-891-3.
  • LIPOVSKÁ, H., 2017. Moderní ekonomie; Jednoduše o všem, co byste měli vědět. Praha: Grada. ISBN 978-80-271-9608-1.
Forms of Teaching
Lecture
Seminar
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
Test – mid-term22
Preparation for the Mid-term Test2626
Preparation for Seminars, Exercises, Tutorial2232
Preparation for the Final Test2652
Test – final22
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
For successful completion of the course it is necessary to achieve at least 70 % of the course and final test together under the conditions specified below. In the course test, students can get up to 30 points, i.e. 30 %. In the final test, students can get up to 70 points, i.e. 70 %. Grading for the course, i.e. points for the final test (70 - 0) + points for the course test (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. Students in the full-time form of study are obliged to participate in 70 % of the lessons (except for lectures). If this condition is not fulfilled, the student will automatically get “F” grade.

Course test – 30 points (i.e. 30 %)

Final test – 70 points (i.e. 70 %)

Language of instruction
Czech
Further comments (probably available only in Czech)
The course is taught annually.
Teacher's information
http://www.mpo.cz
Attendance in the course is defined in a separate VSTE internal standard (Evidence of student attendance at VSTE) for all forms of study. Students in full-time form of study are obliged to attend at least 70 % of the seminars.
The course is also listed under the following terms summer 2020, winter 2020, winter 2021, winter 2022, winter 2023, winter 2024.
  • Enrolment Statistics (winter 2019, recent)
  • Permalink: https://is.vstecb.cz/course/vste/winter2019/NE_MIE