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Microeconomics A

* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Course Unit Code114-0500/03
Number of ECTS Credits Allocated5 ECTS credits
Type of Course Unit *Compulsory
Level of Course Unit *First Cycle
Year of Study *First Year
Semester when the Course Unit is deliveredWinter Semester
Mode of DeliveryFace-to-face
Language of InstructionEnglish
Prerequisites and Co-Requisites There are no prerequisites or co-requisites for this course unit
Name of Lecturer(s)Personal IDName
JAN77Ing. Ivana Jánošíková, Ph.D.
JAN27Ing. Hana Janáčková, Ph.D.
LOK02Ing. Aleš Lokaj, Ph.D.
LIB009prof. Dr. Ing. Jan Libich
HOD063doc. Ing. Martin Hodula, Ph.D.
Summary
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
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
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
Required Reading:
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:
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
Lectures, Individual consultations, Tutorials
Assesment methods and criteria
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
Credit and ExaminationCredit and Examination100 (100)51
        CreditCredit35 (35)18
                Průběžná kontrola studiaWritten test15 0
                Zápočtový testWritten test20 0
        ExaminationExamination65 26