MPE_AMI2 Microeconomics 2

Faculty of Economics and Administration
Autumn 2016
Extent and Intensity
2/0/0. 4 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Ondřej Krčál, Ph.D. (lecturer)
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 14:35–16:15 P312
Prerequisites (in Czech)
(! MPE_MIE2 Microeconomics 2 ) && (! MKE_MIE2 Microeconomics 2 ) && (!NOWANY( MKE_MIE2 Microeconomics 2 , MPE_MIE2 Microeconomics 2 ))
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 24 student(s).
Current registration and enrolment status: enrolled: 0/24, only registered: 0/24
fields of study / plans the course is directly associated with
Course objectives
At the end of the course Microeconomics 2 students acquire intermediate knowledge of microeconomic theory. Students will be able to explain the theory of consumer, in particular they will be able to find the optimum choice of consumers and derive the demand functions for different preferences, understand the basic properties of demand and determine the effects of a price change on consumers’ welfare. Furthermore, students will be able to describe behavior of firms and its welfare effects in competitive and imperfectly competitive markets, in particular in monopolistically competitive market, monopoly and oligopoly. Students will be able to apply the basic concepts of consumer theory to situations under uncertainty and explain the main problems related to asymmetric information. Students will be also able to find the general equilibrium in a simplified setting. The intermediate course of microeconomics provides students with the knowledge necessary for further studies of microeconomics on the doctoral level.
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. 7th ed. New York: W.W. Norton, 2006, xxiv, 715. ISBN 0393927024. info
  • BERGSTROM, Theodore C. and Hal R. VARIAN. Workouts in intermediate microeconomics. 8th ed. New York: W.W. Norton, 2009, 562, 38. ISBN 9780393935158. 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
English
Further Comments
Study Materials
The course is taught annually.
Information about innovation of course.
This course has been innovated under the project "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)" which is cofinanced by the European Social Fond and the national budget of the Czech Republic.

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Listed among pre-requisites of other courses
The course is also listed under the following terms Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2021, Autumn 2022, Autumn 2023, Autumn 2024.
  • Enrolment Statistics (Autumn 2016, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2016/MPE_AMI2