AMIC2_UEK Microeconomics 2

Moravian Business College Olomouc
summer 2020
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Dr. Miroslava Čechová Závadská, BSc., MSc. (lecturer)
Ing. Eva Jílková, Ph.D. (lecturer)
doc. Ing. Jarmila Zimmermannová, Ph.D. (lecturer)
Dr. Miroslava Čechová Závadská, BSc., MSc. (seminar tutor)
Ing. Eva Jílková, Ph.D. (seminar tutor)
doc. Ing. Jarmila Zimmermannová, Ph.D. (seminar tutor)
Guaranteed by
doc. Ing. Jarmila Zimmermannová, Ph.D.
Moravian Business College Olomouc
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The aim of the course is to provide students analytically justified new knowledge deepening and widening their knowledge gained within the study of the basic course of microeconomics in the bachelor studies. Thus students will achieve a more accurate orientation in the theoretical basis of the field and a higher level of understanding and its importance as a general basis and background of the study of other economic and non-economic courses of particular specializations of the study programme. Including the topics dealing with the analysis of consumer or investor decision-making under conditions of risk and uncertainty into the contents of the course aims at approaching the the theoretical interpretation to the analysis of real economic problems. A deeper analysis of particular theoretical issues, by analyzing their essential characteristics and relations the course aims at developing students' skills of microeconomic analysis and its use for solving practical tasks on the corporate and regional level. The objective of the course is also to develop students' abilities and skills of effective economic thinking, decision making, and behavior.
Syllabus
  • 1. Economics, methods and tools of economic analysis
    2. Consumer behavior and the formation of demand (utility, consumer preferences and the optimum; demand formation, demand factors, individual and market demand)
    3. Consumer decision making in conditions of risk
    4. The firm's behaviour, the choice of technology, the costs and revenues of the company
    5. Product and price decision-making of a perfectly competitive firm, the efficiency of perfect competition
    6. Product and price decision-making of a company in the monopoly position and in conditions of monopolistic competition
    7. Equilibrium of a firm in oligopoly conditions; alternative targets of a company
    8. Formation of prices on production factors markets and the labour market
    9. Capital market and equilibrium on capital market
    10. Investment decision-making in conditions of risk and uncertainty
    11. General equilibrium and economic efficiency
    12. Market failure, its causes, and the state microeconomic policy
    Lectures and seminars are based on the information-receptive method, verbal methods (description, explanation), interpretation, presentation, demonstration (graphics, schemes, dynamic projection). Further methods used are participative methods, discussion, and practical methods (calculations, modelling).
Literature
    required literature
  • JÍLKOVÁ EVA. Microeconomics 2. Olomouc: Moravská vysoká škola Olomouc, 2018. info
  • MANKIW, N. Gregory. Principles of Macroeconomics. Stamford, CT: Cengage Learning, 2015. ISBN 978-1285165905. info
  • SAMUELSON, Paul a William NORDHAUS. Economics. International ed. Boston: McGraw-Hill/Irwin, 2010. ISBN 978-00-712-6383-2. info
    recommended literature
  • KRUGMAN, Paul R. a Robin. WELLS. Microeconomics. New York, NY: Worth Publishers, 2015. ISBN 978-1464143878. info
  • COWELL, Frank A. Microeconomics: Principles and Analysis. Oxford: Oxford University Press, 2007. ISBN 978-01-956-8926-6. info
  • FRANK, R.H., BERNANKE, B.S. Principles of microeconomics. Boston: McGraw-Hill/Irwin, 2007. ISBN 978-00-731-9398-4. info
Language of instruction
English
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
The course is also listed under the following terms summer 2018, summer 2019.
  • Enrolment Statistics (recent)
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