Course: Microeconomics I

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Course title Microeconomics I
Course code UEV/FMIE1
Organizational form of instruction Lecture + Seminary
Level of course Bachelor
Year of study not specified
Semester Winter
Number of ECTS credits 5
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Brokeš Marek, Ing.
  • Kolář Miloš, Ing.
  • Brožková Dominika, Ing.
  • Vašek Martin, Ing.
  • Zdražil Pavel, Ing. Ph.D.
  • Volejníková Jolana, doc. Ing. Ph.D.
  • Kuba Ondřej, Ing. Ph.D.
  • Fišera Tomáš, Ing.
Course content
Basic terms and economic connections. Demand, supply, price. Consumer's behaviour in the market of goods and services. Company in perfect competition. Company in the conditions of imperfect competition. Market of production factors generally. Labour market. Capital market. Market failure. Distribution of incomes.

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with text (with textbook, with book), Methods of individual activities
  • Contact teaching - 52 hours per semester
  • Preparation for a partial test - 8 hours per semester
  • Home preparation for classes - 26 hours per semester
  • Participation in classes - 20 hours per semester
  • Preparation for an exam - 30 hours per semester
  • Preparation for a credit (assessment) - 8 hours per semester
  • Preparation for a final test - 6 hours per semester
Learning outcomes
The aim of the course is to familiarize students with the basics of economics and economic thinking and to teach them to independently perform a microeconomic analysis of the economic decision-making of individual economic entities (households and companies).
A student who has successfully completed the course can: define the basic terms and connections of economics and characterize the key thought stages of its development, analyze the regularities of the operation of the supply-demand model in the process of achieving market equilibrium, to characterize the economic behavior of the consumer and to distinguish between cardinal and ordinal approaches in the matter of achieving the consumer's optimum (equilibrium), distinguish and characterize the passage of time in microeconomics, define the production function, production quantities, the concept of costs, income and profit in economics, distinguish and analyze individual forms of market structures, compare them with each other and clarify the principle of forming a company's balance based on profit maximization, describe the peculiarities of the functioning of production factor markets and their individual forms (labour, land and capital markets), clarify the modified rule of profit maximization and characterize the principle of achieving equilibrium of the firm in production factor markets explain the essence of market failure, its causes and consequences, characterize and analyze individual manifestations of microeconomic market failure, including ways to solve them A student who has successfully completed the course will be able to: graphically and numerically solve the issue of reaching the limit of production possibilities and market equilibrium, calculate the price elasticity coefficients of demand and supply and correctly interpret the results, graphically and mathematically express the individual categories of consumer utility, use the tools of indifference analysis and use them to build a model of the consumer's economic optimum, graphically and mathematically express the production function, production quantities, costs, income and profit, graphically represent and calculate the equilibrium condition of the firm in the model of perfect and imperfect competition on the markets of final production and on the markets of production factors under the assumption of profit maximization, use mathematical formulas to determine the degree of market power and interpret them clearly, graphically represent and understandably interpret the Lorenz curve and calculate the Gini coefficient, A student who has successfully completed the course is able to: to include consideration of their economic and ethical dimension in solving problems; to clearly and convincingly communicate information about the nature of professional problems and one's own opinion on their solution to both experts and laymen.
Prerequisites
unspecified

Assessment methods and criteria
Written examination, Student performance assessment

Credit: Fulfillment of the point conditions of two written credit tests: the student must obtain min. 60% of the total 100 points, the 1st test will be written according to the scheduled events in the week of 27.10. 2025; The 2nd credit test will be written in the week of December 8, 2025. The first remedial credit test will be written in the week of 15/12-19/12/2025. The second remedial credit test will be written in January (the date will be announced by the relevant instructor). Part of the awarding of credit is attendance according to the valid FES directive, activity at seminars and completion of assigned tasks. Exam: written Detailed information on course completion is also published in IS STAG - study materials for the FMIE1 course.
Recommended literature
  • JUREČKA, V. a kol. Mikroekonomie.. Praha: Grada Publishing., 2013.
  • MACÁKOVÁ, L. Mikroekonomie-základní kurz.. Slaný: Melandrium, 2010.
  • PARKIN, M. Economics.. USA: Pearson Education. Inc., 2003.
  • VOLEJNÍKOVÁ, J. a kol. Mikroekonomie I. Cvičebnice.. Pardubice: FES, 2023.
  • VOLEJNÍKOVÁ, J. Mikroekonomie pro bakalářské studium. Distanční opora. I. a II. díl.. Pardubice: Univerzita Pardubice, 2017.
  • VOLEJNÍKOVÁ, J. Mikroekonomie v příkladech.. Pardubice: FES, 2011.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester