FI:VB003 Economic Thinking I - Course Information

VB003 Economic Style of Thinking I

Extent and Intensity

2/0. 1 credit(s) (plus extra credits for completion). Type of Completion: z (credit).

Teacher(s)

prof. PhDr. Kamil Fuchs, CSc. (lecturer)

Guaranteed by

prof. Ing. Václav Přenosil, CSc.
Department of Machine Learning and Data Processing – Faculty of Informatics
Contact Person: prof. PhDr. Kamil Fuchs, CSc.

Timetable

Tue 8:00–9:50 D3

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

• Applied Informatics (programme FI, B-AP)
• Bioinformatics (programme FI, B-AP)
• Informatics with another discipline (programme FI, B-BI)
• Informatics with another discipline (programme FI, B-FY)
• Informatics with another discipline (programme FI, B-GE)
• Informatics with another discipline (programme FI, B-GK)
• Informatics with another discipline (programme FI, B-CH)
• Informatics with another discipline (programme FI, B-IO)
• Informatics with another discipline (programme FI, B-MA)
• Informatics with another discipline (programme FI, B-SO)
• Informatics with another discipline (programme FI, B-TV)
• Informatics (programme FI, B-IN)
• Mathematical Informatics (programme FI, B-IN)
• Parallel and Distributed Systems (programme FI, B-IN)
• Computer Graphics and Image Processing (programme FI, B-IN)
• Computer Networks and Communication (programme FI, B-IN)
• Computer Systems and Data Processing (programme FI, B-IN)
• Programmable Technical Structures (programme FI, B-IN)
• Upper Secondary School Teacher Training in Informatics (programme FI, M-IN)
• Artificial Intelligence and Natural Language Processing (programme FI, B-IN)
• Information Technology (programme FI, B-IN)

Course objectives

Introduction to economics. The economy and the three fundamental questions. The price system, supply and demand analysis. The determination of demand elasticity. The theory of utility. The income effect and the substitution effect. Market equilibrium. Supply and costs. The firm's supply curves. General equilibrium and the efficiency of perfect competition. Imperfect competition - Monopoly, Oligopoly and monopolistic competition. The price of labor. Interest, rent and profits.

Syllabus

• Introduction to economics.
• The economy and the three fundamental questions.
• The price system, supply and demand analysis.
• The determination of demand elasticity.
• The theory of utility.
• The income effect and the substitution effect.
• Market equilibrium.
• Supply and costs.
• The firm's supply curves.
• General equilibrium and the efficiency of perfect competition.
• Imperfect competition - Monopoly, Oligopoly and monopolistic competition.
• The price of labor.
• Interest, rent and profits.

Literature

• FUCHS, Kamil and Pavel TULEJA. Základy ekonomie (The Basic of Economics). 1st ed. Praha: Ekopress, odborné nakladatelství, 2003, 348 pp. ISBN 80-86119-74-2. info

Assessment methods (in Czech)

Zápočet je možno získat jendím z následujících způsobu zakončení: 1. Úspěšné absolvování dvou průběžných testů v semestru (alespoň 60%) 2. Úspěšné absolvování testu (60%) z celé látky v posledním výukovém týdnu 3. Úspěšné absolvování testu v náhradním termínu v rámci řádného zkouškového období.

Language of instruction

Czech

Further Comments

Study Materials
The course is taught annually.

• Enrolment Statistics (Autumn 2007, recent)
  
• Permalink: https://is.muni.cz/course/fi/autumn2007/VB003