BPE_MIC1 Microeconomics 1

Faculty of Economics and Administration
Autumn 2009
Extent and Intensity
0/0. 8 credit(s). Type of Completion: zk (examination).
Teacher(s)
Dr. Mark Tomass, Ph.D. (lecturer)
doc. Ing. Rostislav Staněk, Ph.D. (seminar tutor)
Dr. Mark Tomass, Ph.D. (seminar tutor)
Guaranteed by
Dr. Mark Tomass, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable
Mon 19. 10. 9:20–11:00 P102, Tue 20. 10. 9:20–11:00 038, Wed 21. 10. 9:20–11:00 S307, Thu 22. 10. 9:20–11:00 038, Fri 23. 10. 9:20–11:00 P102, Mon 26. 10. 9:20–11:00 P102, Tue 27. 10. 9:20–11:00 038, Wed 28. 10. 9:20–11:00 S307, Thu 29. 10. 9:20–11:00 038, Fri 30. 10. 9:20–11:00 P102, Mon 2. 11. 9:20–11:00 P102, Tue 3. 11. 9:20–11:00 038, Wed 4. 11. 9:20–11:00 S307, Thu 5. 11. 9:20–11:00 S307, Fri 6. 11. 9:20–11:00 P102
  • Timetable of Seminar Groups:
BPE_MIC1/1: Mon 19. 10. 11:05–12:45 P106, Tue 20. 10. 11:05–12:45 038, Wed 21. 10. 11:05–12:45 S307, Thu 22. 10. 11:05–12:45 038, Fri 23. 10. 11:05–12:45 P102, Mon 26. 10. 11:05–12:45 P106, Tue 27. 10. 11:05–12:45 038, Wed 28. 10. 11:05–12:45 S307, Thu 29. 10. 11:05–12:45 038, Fri 30. 10. 11:05–12:45 P102, Mon 2. 11. 11:05–12:45 P106, Tue 3. 11. 11:05–12:45 038, Wed 4. 11. 11:05–12:45 S307, Thu 5. 11. 11:05–12:45 S307, Fri 6. 11. 11:05–12:45 P102
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 80 student(s).
Current registration and enrolment status: enrolled: 0/80, only registered: 0/80, only registered with preference (fields directly associated with the programme): 0/80
fields of study / plans the course is directly associated with
Course objectives
The initial part of the course Microeconomics I, serving as an introduction to studying economics at the same time, concentrates on defining the subject of economics and methods, characteristics and functions of economy. The course's central point lies in an analysis of market mechanism function, and behaviour of consumers and firms in the market environment. Explanation will be provided for conditions of creation of balance between a firm and the market in various market situations and the basic context of balancing the production factors markets.

Main objectives can be summarized as follows:

- to provide students with basic knowledge about the theory of microeconomics,
- to gain the foundations for forming sound economic thinking in students,
- to acquire the basics of marginal analysis,
- to be able to interpret motivation and behaviour rules of market subjects on the demand and supply sides.
Syllabus
  • 1 Basic relationships in the economy and scope of study in economics;
  • 2 Economy coordination mechanism and function of market mechanism;
  • 3 Conditions for market equilibrium and market failures;
  • 4 Consumer demand analysis;
  • 5 Costs of the firm and supply in the market of goods and services;
  • 6 Efficiency of perfectly competitive markets;
  • 7 Equilibrium monopoly producer and antitrust regulation;
  • 8 Equilibrium in oligopoly markets;
  • 9 Firm’s behaviour and equilibrium in monopolistic competitive markets;
  • 10 Market of production factors and the theory marginal productivity;
  • 11 Labour market and unemployment;
  • 12 Capital market and investment;
  • 13 Reserve.
Literature
  • MANKIW, N. Gregory. Principles of economics. 4th ed. Mason: Thomson Higher Education, 2007, 896 s. ISBN 9780324224726. info
  • Samuelson and Nordhaus. Principles of Economics. Available in the library.
Assessment methods
The course has a form of a lecture and a seminar.
Credit requirements: 3 credit tests, presentation of knowledge in seminars.
The course is concluded by a written exam.
Language of instruction
English
Further comments (probably available only in Czech)
Study Materials
The course can also be completed outside the examination period.
The course is taught annually.
General note: Nezapisují si studenti, kteří absolvovali předmět PEMIAI. Předmět je ekvivalentní předmětu BPE_MIE1.
Information on course enrolment limitations: max. 30 cizích studentů; cvičení pouze pro studenty ESF
Listed among pre-requisites of other courses
The course is also listed under the following terms Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2021, Autumn 2022, Autumn 2023, Autumn 2024.
  • Enrolment Statistics (Autumn 2009, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2009/BPE_MIC1