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Applied Microeconomics

Type of study Bachelor
Language of instruction English
Code 114-0550/01
Abbreviation AMIC A
Course title Applied Microeconomics
Credits 6
Coordinating department Department of Economics
Course coordinator doc. Ing. Martin Hodula, Ph.D.

Subject syllabus

1. Introduction to economics.
2. Market and market mechanism.
3. Consumer decision making and utility theory.
4. Market demand, measurement of elasticity of demand.
5. Firm – its aims and production activity.
6. Costs, revenues and profits of the firm.
7. Firm decision-making under conditions of perfect competition.
8. Firm decision-making under monopoly.
9. Firm decision-making 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.

Literature

1) MANKIW, N. Gregory. Principles of economics. Ninth ed. Boston, MA, Cengage, 2020. ISBN 9780357038314 .
2) KRUGMAN, Paul and Robin WELLS. Microeconomics. Sixth ed. Worth Publishers, 2021. ISBN 9781319245283 .
3) PERLOFF, Jeffrey. Microeconomics: Theory and Applications with Calculus (The Pearson Series in Economics). 4th ed. Pearson, 2016. ISBN 978-0134167381 .

Advised literature

1) COWEN, Tyler and Alex TABARROK. Modern Principles: Microeconomics. Fifth ed. MacMillan Learning, 2021. ISBN 9781319329785 .
2) GOOLSBEE, Austan, Steven LEVITT and Chad SYVERSON. Microeconomics. Third ed. Worth Publishers, 2019. ISBN 9781319105563 .
3) MATEER, Dirk and Lee COPPOCK. Principles of Microeconomics. Third ed. W.W. Norton & Company, 2021. ISBN 9780393422474 .


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