ESF:MPE_MIE2 Microeconomics 2 - Course Information

MPE_MIE2 Microeconomics 2

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Ondřej Krčál, Ph.D. (lecturer)
Ing. Michal Kvasnička, Ph.D. (lecturer)
doc. Ing. Jan Čapek, Ph.D. (assistant)
Ing. Jitka Doležalová, Ph.D. (assistant)
Mgr. Martin Slanicay, Ph.D. (assistant)
doc. Ing. Rostislav Staněk, Ph.D. (assistant)
prof. Ing. Zdeněk Tomeš, Ph.D. (assistant)
Mgr. Ing. Stanislav Tvrz, Ph.D. (assistant)

Guaranteed by

Ing. Michal Kvasnička, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Supplier department: Department of Economics – Faculty of Economics and Administration

Timetable

Tue 9:20–11:00 P101

Prerequisites (in Czech)

(! PEMIK2 Microeconomics II )&&(! KEMIK2 Microeconomics II )

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.

fields of study / plans the course is directly associated with

there are 14 fields of study the course is directly associated with, display

Course objectives

At the end of the course students acquire intermediate knowledge of microeconomic theory. Students will be able to explain the theory of consumer, in particular they will be able to find optimum choices of consumers and derive demand functions for different preferences, understand the basic properties of demand and determine the effects of a price change on consumers’ welfare. Furthermore, students will understand the model of a firm and will be able to explain the interaction between consumers and firms in competitive and imperfectly competitive markets, in particular in monopolistically competitive market, monopoly and oligopoly. Students will be able to explain the concept of general equilibrium. They will also be able to apply the basic concepts of consumer theory to situations under uncertainty and explain the main problems related to asymmetric information. The intermediate course of microeconomics provides students with the knowledge necessary for further studies of microeconomics on the doctoral level.

Syllabus

• 1. Budget Constraint, Preferences and Utility
• 2. Choice and Revealed Preferences
• 3. Demand and Slutsky Equation
• 4. Consumer's Surplus and Market Demand
• 5. Uncertainty and Equilibrium
• 6. Technology and Profit Maximization
• 7. Cost Minimization and Cost Curves
• 8. Firm Supply and Industry Supply
• 9. Monopoly and Monopoly Behaviour
• 10. Oligopoly
• 11. Game Theory and Asymmetric Information
• 12. Exchange and Production
• 13. Problems and Applications

Literature

required literature
• VARIAN, Hal R. Mikroekonomie. Moderní přístup :z angl. Translated by L. Grega. 1. vyd. Praha: Victoria Publishing, 1995, 645 s. : i. ISBN 80-85605-25-4. info

recommended literature
• VARIAN, Hal R. Intermediate microeconomics : a modern approach. 8. ed. New York: Norton, 2010, xxiv, 739. ISBN 9780393934243. info
• BERGSTROM, Theodore C. and Hal R. VARIAN. Workouts in intermediate microeconomics. 8th ed. New York: W.W. Norton, 2009, 562, 38. ISBN 9780393935158. info

Teaching methods

lectures, application, class discussion

Assessment methods

Final exam: written test. Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.

Language of instruction

Czech

Further comments (probably available only in Czech)

Study Materials
The course is taught annually.
General note: Nezapisují si studenti, kteří absolvovali předmět PEMIK2 nebo KEMIK2.
Information on course enrolment limitations: 10 pouze přednáška

Information about innovation of course.

This course has been innovated under the project "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)" which is cofinanced by the European Social Fond and the national budget of the Czech Republic.

Listed among pre-requisites of other courses

• MKE_MIE2 Microeconomics 2
  (!MPE_MIE2) && (!MPE_AMI2) && (!NOWANY(MPE_AMI2,MPE_MIE2))  
• MPE_AMI2 Microeconomics 2
  (!MPE_MIE2) && (!MKE_MIE2) && (!NOWANY(MKE_MIE2,MPE_MIE2))  

• Enrolment Statistics (Autumn 2014, recent)
  
• Permalink: https://is.muni.cz/course/econ/autumn2014/MPE_MIE2