ESF:BPE_MIE1 Microeconomics 1 - Course Information

BPE_MIE1 Microeconomics 1

Extent and Intensity

2/2/0. 8 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Michal Kvasnička, Ph.D. (lecturer)
prof. Ing. Zdeněk Tomeš, Ph.D. (lecturer)
Ing. Mgr. Lucie Coufalová, Ph.D. et Ph.D. (seminar tutor)
Ing. Filip Červenka, Ph.D. (seminar tutor)
Mgr. Hana Fitzová, Ph.D. (seminar tutor)
Ing. Petra Chovancová, Ph.D. (seminar tutor)
Ing. Jan Jonáš, Ph.D. (seminar tutor)
Ing. Bc. Michaela Kecskésová (seminar tutor)
Ing. Martin Kutlak (seminar tutor)
Ing. Tomáš Paleta, Ph.D. (seminar tutor)
doc. Ing. Vilém Pařil, Ph.D. (seminar tutor)
Mgr. Ing. Ondřej Špetík, Ph.D. (seminar tutor)
Mgr. Jan Fikejs (assistant)

Guaranteed by

Ing. Michal Kvasnička, 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

Mon 12:00–13:50 P102, Mon 12:00–13:50 P101, Mon 12:00–13:50 P103, except Mon 18. 9., except Mon 6. 11.

• Timetable of Seminar Groups:

BPE_MIE1/01: Wed 12:00–13:50 P303, except Wed 20. 9., except Wed 8. 11., P. Chovancová
BPE_MIE1/02: Wed 10:00–11:50 P302a, except Wed 20. 9., except Wed 8. 11., P. Chovancová
BPE_MIE1/03: Wed 12:00–13:50 P302b, except Wed 20. 9., except Wed 8. 11., H. Fitzová
BPE_MIE1/04: Tue 8:00–9:50 P403, except Tue 19. 9., except Tue 7. 11., M. Kvasnička
BPE_MIE1/05: Tue 14:00–15:50 S311, except Tue 19. 9., except Tue 7. 11., T. Paleta
BPE_MIE1/06: Tue 10:00–11:50 P403, except Tue 19. 9., except Tue 7. 11., M. Kvasnička
BPE_MIE1/07: Thu 14:00–15:50 S310, except Thu 21. 9., except Thu 9. 11., M. Kecskésová
BPE_MIE1/09: Wed 14:00–15:50 P302b, except Wed 20. 9., except Wed 8. 11., H. Fitzová
BPE_MIE1/10: Tue 18:00–19:50 P102, except Tue 19. 9., except Tue 7. 11., V. Pařil
BPE_MIE1/11: Tue 16:00–17:50 P312, except Tue 19. 9., except Tue 7. 11., V. Pařil
BPE_MIE1/12: Tue 10:00–11:50 P106, except Tue 19. 9., except Tue 7. 11., P. Chovancová
BPE_MIE1/13: Thu 12:00–13:50 P106, except Thu 21. 9., except Thu 9. 11., T. Paleta
BPE_MIE1/14: Wed 8:00–9:50 P303, except Wed 20. 9., except Wed 8. 11., O. Špetík
BPE_MIE1/15: Thu 14:00–15:50 P104, except Thu 21. 9., except Thu 9. 11., F. Červenka
BPE_MIE1/16: Tue 8:00–9:50 P302a, except Tue 19. 9., except Tue 7. 11., P. Chovancová
BPE_MIE1/17: Tue 14:00–15:50 S401, except Tue 19. 9., except Tue 7. 11., O. Špetík
BPE_MIE1/18: Thu 16:00–17:50 P201, except Thu 21. 9., except Thu 9. 11., M. Kecskésová
BPE_MIE1/19: Wed 8:00–9:50 P403, except Wed 20. 9., except Wed 8. 11., M. Kutlak
BPE_MIE1/20: Fri 8:00–9:50 S310, except Fri 22. 9., except Fri 10. 11., J. Jonáš
BPE_MIE1/21: Thu 14:00–15:50 S401, except Thu 21. 9., except Thu 9. 11., M. Kutlak
BPE_MIE1/22: Tue 12:00–13:50 S301, except Tue 19. 9., except Tue 7. 11., L. Coufalová
BPE_MIE1/23: Fri 10:00–11:50 P403, except Fri 22. 9., except Fri 10. 11., J. Jonáš
BPE_MIE1/25: Thu 8:00–9:50 S310, except Thu 21. 9., except Thu 9. 11., M. Kecskésová
BPE_MIE1/26: Wed 14:00–15:50 S307, except Wed 20. 9., except Wed 8. 11., F. Červenka
BPE_MIE1/27: Wed 16:00–17:50 S307, except Wed 20. 9., except Wed 8. 11., F. Červenka

Prerequisites (in Czech)

(! BPE_MIC1 Microeconomics 1 ) && (! BKE_MIE1 Microeconomics 1 ) && (!NOWANY( BPE_MIC1 Microeconomics 1 , BKE_MIE1 Microeconomics 1 ))

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

• Economics (programme ESF, B-EKON) (3)
• Finance and Law (programme ESF, B-FIPR)
• Finance (programme ESF, B-FIN)
• Financial and Insurance Mathematics (programme PřF, B-MA)
• Economic Policy (programme ESF, B-HOSP) (3)
• Modelling and Calculations (programme PřF, B-MA)
• Business Management (programme ESF, B-PEM)
• Business Informatics (programme ESF, B-POIN)
• Regional Development and Tourism (programme ESF, B-RRCR)
• Public Economics and Administration (programme ESF, B-VES) (3)

Course objectives

In this course, students will learn the basic principles of Microeconomics. They will get acquainted with the concepts of preference, cost, revenue, elasticity, supply, demand, firm, market, externality, etc., and their mutual relationship. The students will understand the operation of the market process and structure. They will be able to use microeconomic analytical tools to describe and analyze real-world cases and avoid usual analytical errors. They will understand the consequences of changes in demand, cost, market structure, and basic policy changes.

Learning outcomes

At the end of this course, students will be able to understand and explain when markets are a good solution to mundane problems and when the government can improve its results. They will also be prepared to study microeconomics at the intermediate level in the consequent course.

Syllabus

• 1. Introduction to Economics
• 2. Interdependence and Gains from Trade
• 3. Market Forces of Supply and Demand
• 4. Elasticity and Its Applications
• 5. Consumers, Producers, and Efficiency of Markets
• 6. Theory of Consumer Choice
• 7. Cost of Production
• 8. Firms in Competitive Markets
• 9. Monopoly and Monopolistic Competition
• 10. Oligopoly
• 11. Markets for Factors of Production
• 12. Externalities
• 13. Public Goods and Common Resources

Literature

required literature
• MANKIW, N. Gregory. Principles of economics. Ninth edition. Boston: Cengage, 2021, xxxi, 816. ISBN 9780357038314. info
• MANKIW, N. Gregory. Zásady ekonomie. Praha: Grada, 2000, 763 s. ISBN 80-7169-891-1. info

Teaching methods

Lectures and tutorials

Assessment methods

The credit is awarded based on 1) the student's performance in tutorials, including three online problem sets, and 2) a written multiple-choice test. It is also possible to enroll in a course while studying abroad (e.g., Erasmus). Students take tests during the semester and write a final test after returning from abroad. Please get in touch with the teachers before departure.

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.

Listed among pre-requisites of other courses

• BKE_ZEKO Principles of Economics
  (!BPE_MIE1) && (!BPE_MAE1) && (!BKE_MAE1) && (!BKE_MIE1) && (!BKE_ZAKE) && !NOWANY(BKE_MIE1,BKE_MAE1,MKE_MIE2,MKE_MAE2,CORE011,BKE_ZAKE) && forma(K) && (!MKE_MIE2) && (!MKE_MAE2)  
• BPE_HET1 History of Economic Thought
  (BPE_MIC1 && BPE_MAC1) || (BPE_MIE1 && BPE_MAE1)  
• BPE_MIC1 Microeconomics 1
  (!BPE_MIE1) && (!BKE_MIE1) && (!BPE_AMIC1) && (!NOWANY(BPE_MIE1,BKE_MIE1,BPE_AMIC1))  
• BPE_ZATH Introduction to Game Theory
  BPE_MIE1 || BPE_MIC1  
• BPE_ZEKO Principles of Economics
  (!BPE_MIE1) && (!BPE_MAE1) && (!BKE_MAE1) && (!BKE_MIE1) && !NOWANY(BPE_MIE1,BPE_MAE1) && forma(P) && typ_studia(BNM) && (!CORE011)  
• BPF_BAN1 Banking 1
  BPE_MIE1 && BPE_MAE1  
• BPF_FIMG Financial Management
  ((BPE_MIE1 && BPE_MAE1) && !BPF_FIRI)  
• CORE011 Economic style of thinking
  (!BPE_MIE1) && (!BPE_MAE1) && (!BKE_MAE1) && (!BKE_MIE1) && (!BKE_ZAKE) && !NOWANY(BKE_MIE1,BKE_MAE1,MKE_MIE2,MKE_MAE2,BKE_ZAKE) && (!MKE_MIE2) && (!MKE_MAE2) && (!BPE_ZEKO) && (!fakulta(ESF)) && !typ_studia(ND) && (!forma(C) || !forma(K) || !forma(D) || !forma(R) || !forma(Z))  

• Enrolment Statistics (Autumn 2023, recent)
  
• Permalink: https://is.muni.cz/course/econ/autumn2023/BPE_MIE1