XAMIC Microeconomics

Moravian Business College Olomouc
winter 2021
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Dr. Miroslava Čechová Závadská, BSc., MSc. (lecturer)
doc. Ing. Jarmila Zimmermannová, Ph.D. (lecturer)
Dr. Miroslava Čechová Závadská, BSc., MSc. (seminar tutor)
Guaranteed by
doc. Ing. Jarmila Zimmermannová, Ph.D.
Moravian Business College Olomouc
Supplier department: 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 introduce the basics of the classical approach to microeconomic theory and thus create a general background for learning special economic disciplines in the following years of study. Having completed the course, students will be able to define basic economic categories and principles from the point of view of current microeconomic theory, give reasons for the behaviour of individual market actors at specific markets as well as to discuss the equilibrium at the market for goods, services and factors of production. Students will be able to define the optimal rational behaviour for households and businesses, assess the market behaviour under the perfect and imperfect competition assumptions, evaluate market failures and define the microeconomic policy of a state.
Syllabus
  • 1. Introduction to studies on economic theory.
  • 2. Market formation, basic elements and functions of the market.
  • 3. Consumer behaviour: utility and demand.
  • 4. Producer behaviour: costs and supply.
  • 5. Supply of a company in perfect competition market.
  • 6. Imperfect competition and its forms. Monopoly. Oligopoly.
  • 7. Imperfect competition and its forms. Monopolistic competition. Alternative objectives of firms.
  • 8. Markets of factors of production. Land market.
  • 9. Labour market.
  • 10. Capital market.
  • 11. Market failure. Microeconomic state policy.
  • 12. Measurement of inequality of income. Public choice theory, government failure.
Literature
    required literature
  • MANKIW, N.G. Principles of Economics. 7th ed. Stamford: Cengage Learning, 2015, 847 pp. ISBN 978-1-285-16587-5. info
  • NICHOLSON, W. Microeconomic Theory: Basic Principles and Extensions. 8th ed. South-Western/Thomson Learning, 2002, 748 pp. ISBN 0-03-033593-0. info
    recommended literature
  • CARBAUGH, R. Contemporary Economics: an Applications Approach. 8th ed. Routledge, 2016, 498 pp. ISBN 1-138-65219-9. info
  • FRANK, R. H., B. BERNANKE and L JOHNSTON. Principles of Microeconomics. 4th ed. Boston: McGraw-Hill/Irwin, 2009, 421 pp. ISBN 978-0-07-128540-7. info
Assessment methods
Course credit: attendance at the practical seminars (min. 80%), seminar tests (min. 60%), a credit test (min. 70 %). Examination: course credit, oral examination
Language of instruction
English
Further Comments
The course is taught annually.
The course is taught: every week.
The course is also listed under the following terms winter 2023.
  • Enrolment Statistics (winter 2021, recent)
  • Permalink: https://is.mvso.cz/course/mvso/winter2021/XAMIC