MPE_MIE2 Microeconomics 2

Faculty of Economics and Administration
Autumn 2021
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)
prof. Ing. Zdeněk Tomeš, Ph.D. (lecturer)
Zbyněk Cincibus (assistant)
doc. Ing. Jan Čapek, Ph.D. (assistant)
Ing. Katarína Čellárová, Ph.D. (assistant)
doc. Ing. Rostislav Staněk, Ph.D. (assistant)
Guaranteed by
doc. Ing. Ondřej Krčál, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Mgr. Jarmila Šveňhová
Supplier department: Department of Economics – Faculty of Economics and Administration
Timetable
Tue 8:00–9:50 P101, except Tue 14. 9., except Tue 2. 11.
Prerequisites (in Czech)
(! MPE_AMI2 Microeconomics 2 ) && (! MKE_MIE2 Microeconomics 2 ) && (!NOWANY( MKE_MIE2 Microeconomics 2 , MPE_AMI2 Microeconomics 2 ))
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
Course objectives
The goal of the course is to teach students intermediate microeconomic theory. The course provides students with the knowledge necessary for further studies of microeconomics on the doctoral level.
Learning outcomes
After completing the course the students will be able to:
- apply 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;
- determine the effects of a price change on consumers’ welfare;
- apply the model of a firm;
- explain the interaction between consumers and firms in competitive and imperfectly competitive markets, in particular in monopolistically competitive market, in a monopoly and an oligopoly;
- describe the concept of general equilibrium;
- apply the basic concepts of consumer theory to situations under uncertainty and explain the main problems related to asymmetric information.
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. Behavioral economics
Literature
    required literature
  • VARIAN, Hal R. Intermediate microeconomics : a modern approach. 8. ed. New York: Norton, 2010, xxiv, 739. ISBN 9780393934243. info
    recommended literature
  • BERGSTROM, Theodore C. and Hal R. VARIAN. Workouts in intermediate microeconomics. 8th ed. New York: W.W. Norton, 2009, 562, 38. ISBN 9780393935158. info
  • VARIAN, Hal R. Mikroekonomie : moderní přístup. Translated by Libor Grega. 1. vyd. Praha: Victoria Publishing, 1995, xx, 643. ISBN 8085865254. 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: Přednášky jsou dostupné online a ze záznamu.
Information on course enrolment limitations: 10 pouze přednáška
Listed among pre-requisites of other courses
The course is also listed under the following terms Autumn 2009, Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2022, Autumn 2023, Autumn 2024.
  • Enrolment Statistics (Autumn 2021, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2021/MPE_MIE2