Course Unit Code | 114-0500/03 |
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Number of ECTS Credits Allocated | 5 ECTS credits |
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Type of Course Unit * | Compulsory |
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Level of Course Unit * | First Cycle |
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Year of Study * | First Year |
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Semester when the Course Unit is delivered | Winter Semester |
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Mode of Delivery | Face-to-face |
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Language of Instruction | English |
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Prerequisites and Co-Requisites | There are no prerequisites or co-requisites for this course unit |
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Name of Lecturer(s) | Personal ID | Name |
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| JAN77 | Ing. Ivana Jánošíková, Ph.D. |
| JAN27 | Ing. Hana Janáčková, Ph.D. |
| LOK02 | Ing. Aleš Lokaj, Ph.D. |
| LIB009 | prof. Dr. Ing. Jan Libich |
| HOD063 | doc. Ing. Martin Hodula, Ph.D. |
Summary |
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The aim of the subject is to make the basis for students’ independent creative economic thinking. The main emphasis is laid on the behaviour of consumers, households, firms and government. Attention is also paid to the labour market and capital market. |
Learning Outcomes of the Course Unit |
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The aim of the course: students are able to:
- describe the basic economic cathegories,
- think in independent and creative way about economic problems,
- explain the behaviour of consumers, households and firms
- understand, how the product markets and the labour and capital market work.
- analyze causes and consequences of market failures and to conceive the microeconomic role of the government. |
Course Contents |
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1. Introduction to economics.
2. Market and market mechanism.
3. Theory of utility.
4. Market demand and its elasticity.
5. Firm – its aims and production activity.
6. Costs, revenues and profits of the firm.
7. Perfectly competitive firm.
8. Monopoly.
9. Firm in oligopoly and in monopolistically competitive industry.
10. Labour market.
11. Capital market.
12. Distribution of income and wealth.
13. Externalities and public goods.
14. Public choice theory. |
Recommended or Required Reading |
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Required Reading: |
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GANS, Joshua, Stephen KING, Robin STONECASH, Martin BYFORD, Jan LIBICH and Gregory MANKIW. Principles of Economics: Australian and New Zealand Edition. 7th ed. Melbourne: Cengage, 2017. ISBN 9780170382656.
KRUGMAN, Paul and Robin WELLS. Microeconomics. 6th ed. Duffield: Worth Publishers, 2021. ISBN 9781319245283.
MANKIW, N. Gregory. Principles of Economics. 9th ed. Boston: Cengage, 2020. ISBN 9780357038314. |
GANS, Joshua, Stephen KING, Robin STONECASH, Martin BYFORD, Jan LIBICH and Gregory MANKIW. Principles of Economics: Australian and New Zealand Edition. 7th ed. Melbourne: Cengage, 2017. ISBN 9780170382656.
KRUGMAN, Paul and Robin WELLS. Microeconomics. 6th ed. Duffield: Worth Publishers, 2021. ISBN 9781319245283.
MANKIW, N. Gregory. Principles of Economics. 9th ed. Boston: Cengage, 2020. ISBN 9780357038314. |
Recommended Reading: |
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COWEN, Tyler and Alex TABARROK. Modern Principles: Microeconomics. 5th ed. New York: MacMillan Learning, 2021. ISBN 9781319329785.
GOOLSBEE, Austan, Steven LEVITT and Chad SYVERSON. Microeconomics. 3rd ed. Duffield: Worth Publishers, 2019. ISBN 9781319105563.
MATEER, Dirk and Lee COPPOCK. Principles of Microeconomics. 3rd ed. New York: W.W. Norton & Company, 2021. ISBN 9780393422474. |
COWEN, Tyler and Alex TABARROK. Modern Principles: Microeconomics. 5th ed. New York: MacMillan Learning, 2021. ISBN 9781319329785.
GOOLSBEE, Austan, Steven LEVITT and Chad SYVERSON. Microeconomics. 3rd ed. Duffield: Worth Publishers, 2019. ISBN 9781319105563.
MATEER, Dirk and Lee COPPOCK. Principles of Microeconomics. 3rd ed. New York: W.W. Norton & Company, 2021. ISBN 9780393422474. |
Planned learning activities and teaching methods |
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Lectures, Individual consultations, Tutorials |
Assesment methods and criteria |
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Task Title | Task Type | Maximum Number of Points (Act. for Subtasks) | Minimum Number of Points for Task Passing |
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Credit and Examination | Credit and Examination | 100 (100) | 51 |
Credit | Credit | 35 (35) | 18 |
Průběžná kontrola studia | Written test | 15 | 0 |
Zápočtový test | Written test | 20 | 0 |
Examination | Examination | 65 | 26 |