114-0500 – Microeconomics A (MIC A)

Gurantor departmentDepartment of Economics
Subject guarantorprof. Dr. Ing. Jan Libich
Study levelundergraduate or graduate
Subject version
Version codeYear of introductionYear of cancellationCredits
114-0500/01 2006/2007 2011/2012 5
114-0500/02 2012/2013 6
114-0500/03 2019/2020 5

Subject aims expressed by acquired skills and competences

The aim of the course: students are able to: - describe the basic economic cathegories, - think in independent and creative way about economic problems, - explain the behaviour of consumers, households and firms - understand, how the product markets and the labour and capital market work. - analyze causes and consequences of market failures and to conceive the microeconomic role of the government.

Teaching methods

Lectures
Individual consultations
Tutorials

Summary

The aim of the subject is to make the basis for students’ independent creative economic thinking. The main emphasis is laid on the behaviour of consumers, households, firms and government. Attention is also paid to the labour market and capital market. The course Microeconomics A is followed by the intermediate course Microeconomics B in the 4th year, and in the case of doctoral studies by the advanced course Microeconomics C.

Compulsory literature:

1) MANKIW, N. Gregory. Principles of economics. Ninth ed. Boston, MA, Cengage, 2020. ISBN 9780357038314. 2) KRUGMAN, Paul and Robin WELLS. Microeconomics. Sixth ed. Worth Publishers, 2021. ISBN 9781319245283. 3) GANS, Joshua, Stephen KING, Robin STONECASH, Martin BYFORD, Jan LIBICH and Gregory MANKIW. Principles of Economics: Australian and New Zealand Edition. Seventh ed. Cengage, 2017. ISBN 9780170382656.

Recommended literature:

1) COWEN, Tyler and Alex TABARROK. Modern Principles: Microeconomics. Fifth ed. MacMillan Learning, 2021. ISBN 9781319329785. 2) GOOLSBEE, Austan, Steven LEVITT and Chad SYVERSON. Microeconomics. Third ed. Worth Publishers, 2019. ISBN 9781319105563. 3) MATEER, Dirk and Lee COPPOCK. Principles of Microeconomics. Third ed. W.W. Norton & Company, 2021. ISBN 9780393422474.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.