Schedule of topics

1. Budget Constraint, Preferences and Utility (18/9)
2. Choice and Revealed Preference (25/9)
3. Demand and Slutsky Equation (2/10)
4. Consumer's Surplus, Market Demand, and Equilibrium (9/10)
5. Uncertainty (16/10)
6. Technology and profit maximization (23/10)
7. Cost minimization and cost functions (30/10)
8. Firm Supply and Industry Supply (6/11)
9. Monopoly and Monopoly Behaviour (13/11)
10. Oligopoly and game theory (20/11)
11. Cartel and Asymmetric Information (27/11)
12. Exchange and Production (4/12)
13. Behavioral Economics (11/12)

Literature

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

Final exam

The final exam has 30 questions a/b/c/d/e, each with exactly one correct answer (see a sample test). The test covers topics from weeks 1 - 12 (does not include Behavioral Economics). Correct answers are rewarded with 1 point, and incorrect or no answers with 0 points each. The time for the exam will be 120 minutes. Students may take the exam three times in the first year, and twice if they have Microeconomics 2 for the second time until they receive a passing grade. Students receive a grade for each attempt. So, for instance, the final result of a student who needs two attempts to succeed may be FC.

Grading:

• A: 26 – 30 points
• B: 23 – 25 points
• C: 21 – 22 points
• D: 19 – 20 points
• E: 17 – 18 points
• F: 0 – 16 points

Instructions

The exam dates can be chosen from several options in the IS system. Come at least 20 minutes before the starting time. For the entry in the room, you will need ISIC (or any other document with a photograph, such as a passport or driving license). Once you have entered the room, you might not be able to leave for over two hours. 

During the exam, you may have these things with you:

• document (ISIC, passport)
• pens, pencils, ...
• a calculator that is not a part of the phone, tablet, computer, etc.
• drink
• handkerchief
• papers that you get from the instructors

All other things must be in a bag. The mobile phone must be switched off.

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.