VB003 Economic Style of Thinking I

Faculty of Informatics
Autumn 2020
Extent and Intensity
2/0/0. 1 credit(s) (plus extra credits for completion). Type of Completion: z (credit).
Teacher(s)
Ing. Jitka Dušková, Ph.D. (lecturer)
Guaranteed by
Ing. Jitka Dušková, Ph.D.
Department of Machine Learning and Data Processing – Faculty of Informatics
Supplier department: Department of Machine Learning and Data Processing – Faculty of Informatics
Timetable
Mon 18:00–19:50 A318
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
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.
Learning outcomes
Student will get very basic terminology and knowledge of economics.
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
Teaching methods
Lectures are based on case studies which extend the theoretical backgrounds.
Assessment methods
The course has a form of a lecture. Credit requirements: credit written test.
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
The course is also listed under the following terms Autumn 2002, Autumn 2003, Autumn 2004, Autumn 2005, Autumn 2006, Autumn 2007, Autumn 2008, Autumn 2009, Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2021, Autumn 2022, Autumn 2023.
  • Enrolment Statistics (Autumn 2020, recent)
  • Permalink: https://is.muni.cz/course/fi/autumn2020/VB003