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Lecturer(s)
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Černohorský Jan, doc. Ing. Ph.D.
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Volejníková Jolana, doc. Ing. Ph.D.
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Zdražil Pavel, Ing. Ph.D.
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Course content
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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. Historical development of economics.
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Learning activities and teaching methods
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Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with text (with textbook, with book), Methods of individual activities
- Contact teaching
- 14 hours per semester
- Preparation for an exam
- 35 hours per semester
- Preparation for a credit (assessment)
- 16 hours per semester
- Home preparation for classes
- 45 hours per semester
- Independent critical reading
- 40 hours per semester
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Learning outcomes
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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 in this context the production function, production variables, the concept of costs, income and profit in the economy, 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.
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Prerequisites
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unspecified
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Assessment methods and criteria
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Written examination, Home assignment evaluation, Student performance assessment
The student gets the credit based on the completion of the assigned tasks (handing in the calculated examples - handwritten by the set deadline). The exam is written with a point assessment.
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Recommended literature
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JUREČKA, V. a kol. Mikroekonomie.. Praha: Grada Publishing., 2013.
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MACÁKOVÁ, L. a kol. Mikroekonomie - základní kurz.. Slaný: Melandrium., 2010.
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PARKIN, M. Economics.. USA, 2003.
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VOLEJNÍKOVÁ, J. a kol. Mikroekonomie I. Cvičebnice. Pardubice: Univerzita Pardubice, 2023.
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VOLEJNÍKOVÁ, J. Mikroekonomie pro bakalářské studium. Distanční opora. I. a II. díl.. Pardubice: Univerzita Pardubice, 2017.
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VOLEJNÍKOVÁ,J. Mikroekonomie v příkladech.. PARDUBICE, 2011.
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