Course: Microeconomics

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Course title Microeconomics
Course code KEMCH/C237
Organizational form of instruction Lecture
Level of course Bachelor
Year of study 1
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)
  • Tetřevová Liběna, prof. Ing. Ph.D.
Course content
Introduction into economics. Economic systems. Market and market mechanism. Market failure and microeconomic government policy I. Market failure and microeconomic government policy II. Public goods and externalities. Demand and supply analysis. Demand and supply elasticities. Theory of consumer behavior. Theory of production. Patterns of perfect competition. Equilibrium on perfect market. Patterns of imperfect competition. Behavior of imperfect competitors. Varieties of imperfect competition. Profit and alternative goals of the firm. Final colloquium.

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 - 26 hours per semester
  • Home preparation for classes - 26 hours per semester
  • Independent critical reading - 18 hours per semester
  • Preparation of a presentation (report) - 20 hours per semester
  • Preparation for a final test - 20 hours per semester
  • Preparation for a partial test - 20 hours per semester
  • Individual project - 20 hours per semester
Learning outcomes
The goal of lessons is to present for students basics of microeconomics as a first step for understanding the patterns of markets, function of the market mechanism, behaviour of consumer and firm. Traditional and current principles of microeconomic theory are presented.
After finishing students are acquainted with elementary consequences of microeconomics. They are able to interpret basic patterns of microeconomic elements and are able to evolve this information. Lessons enrich broad survey of students which increase their skills. Lessons are major premise for study of Macroeconomics lessons.
Prerequisites
Knowledge in mathematics on high school level is needed for study of the subject.

Assessment methods and criteria
Written examination, Home assignment evaluation, Self project defence, Presentation

The exam is combined. It includes written tests and projects. Level of acquired knowledge, approaches, as well as skills in practice application is examined. Emphasis is placed on ability to implicate theoretical knowledge to the practical level of socio-economical conditions in the Czech Republic and the European Union.
Recommended literature
  • Hořejší, B. a kol. Mikroekonomie. 6. aktual. a doplněné vyd. Praha: Management Press, 2018. .
  • Jurečka, V. a kol. Mikroekonomie. 3. vyd. Praha: Grada Publishing, 2018.
  • Pindyck, R. S., Rubinfeld, D. L. Microeconomics. 9th ed. Boston: Pearson Education, 2018.
  • Tetřevová, L. Mikroekonomie. PPT prezentace dostupné v systému STAG. Univerzita Pardubice, aktuální verze. .


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