114-0300/04 – Microeconomics A (Mikro A)

Gurantor departmentDepartment of EconomicsCredits5
Subject guarantordoc. Ing. Martin Hodula, Ph.D.Subject version guarantordoc. Ing. Martin Hodula, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year1Semesterwinter
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
BAD0012 Ing. Ondřej Badura, Ph.D.
DRA099 doc. Ing. Magdaléna Drastichová, Ph.D.
HOD063 doc. Ing. Martin Hodula, Ph.D.
JAN27 Ing. Hana Janáčková, Ph.D.
JAN77 Ing. Ivana Jánošíková, Ph.D.
JUR0248 Ing. Lukáš Jursa
KOL50 Dr. Ing. Eva Kolcunová
KON0310 Ing. Vojtěch Koňařík
KRE0288 Ing. Martin Krejčí
LOK02 Ing. Aleš Lokaj, Ph.D.
NGO0008 Ing. Ngoc Anh Ngo, BA
PAK0010 Ing. Daniel Pakši
PAL32 Ing. Irena Paličková, Ph.D.
SPA60 Ing. Lenka Spáčilová, Ph.D.
VON0052 Ing. Jakub Vontroba
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+2

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
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.

Compulsory literature:

JUREČKA, Václav et al. Mikroekonomie. 3. aktualizované a rozšířené vydání. Praha. Grada 2018. ISBN 978-80-271-0146-7. HOLMAN, Robert. Ekonomie. 6. vydání. Praha: C. H. Beck, 2016. ISBN 978-80-7400-278-6. KRUGMAN, Paul and Robin WELLS. Microeconomics. 6th ed. Duffield: Worth Publishers, 2021. ISBN 9781319245283.

Recommended literature:

JANÁČKOVÁ Hana, Ivana JÁNOŠÍKOVÁ, Eva KOLCUNOVÁ, Irena PALIČKOVÁ. Mikroekonomie A. Sbírka úloh pro bakalářské studium. Ostrava. VŠB - TUO, Ekonomická fakulta, 2019. ISBN 978-80-248-4313-1. COWEN, Tyler and Alex TABARROK. Modern Principles: Microeconomics. 5th ed. New York: MacMillan Learning, 2021. ISBN 9781319329785. MANKIW, N. Gregory. Principles of Economics. 9th ed. Boston: Cengage, 2020. ISBN 9780357038314.

Additional study materials

Way of continuous check of knowledge in the course of semester

Studentovi bude udělen zápočet, pokud získá z kontrolní písemky a zápočtového testu v celkovém součtu minimálně 18 bodů z maximálního počtu 35 bodů. Kontrolní písemka bude psána v polovině semestru a je hodnocena maximálně 15 body. Dalších maximálně 20 bodů (z celkových 35) lze získat ze zápočtového testu na konci semestru. V případě, že student nezíská za kontrolní písemku a zápočtový test alespoň 18 bodů, může absolvovat v opravném termínu znovu zápočtový test (který bude hodnocen opět maximálně 20 body). Získané body z tohoto opravného testu budou přičteny k dosaženým bodům z kontrolní písemky. Předmět je ukončen písemnou zkouškou za maximálně 65 bodů, minimálně však 26 bodů. K absolvování předmětu je nutno obdržet celkem za zápočet a zkoušku minimálně 51 bodů z maximálních 100 bodů za celý předmět. V případě distanční formy výuky zůstávají podmínky absolvování beze změny.

E-learning

Other requirements

Active participation on seminars, study of recommended literature. Students with ISP have the same conditions for completing the course as full-time students.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Introduction to economics. • The conception of economics as the science, its aim and methods. • The origin and the genesis of economics. • Positive and normative economics. • The place of economics in the system of economic disciplines. • Main streams of contemporary economic thought. 2. Economic backgrounds and connections of the production. • Needs and resources. The production and consumption. • Production factors and their scarcity. Production factors’ valuing. • The concept of rationality in economics. Opportunity costs. • The physical and institutional production possibility frontier – static and dynamic point of view. 3. Money. • Division of labour and specialization. • The necessity of the exchange. Barter and the formation of money. • The money definition and their forms. • Money functions. 4. Market and market mechanism. • Basic market elements – supply, demand and price. • The logic and mechanics of the market mechanism. • Factors determining the demand and demand quantity. The law of diminishing demand and its interpretation. • Factors determining the supply and supply quantity. • The process of determining the equilibrium market price. • Market failure. • The role of the government in the market economy. 5. The theory of utility. • Cardinalistic and ordinalistic approach to the utility. • The law of the diminishing marginal utility. • The consumer surplus and the „value paradox“. • The indifference analysis. • Assumptions of the rational consumer‘s behaviour – consumer‘s equilibrium. 6. The demand and its elasticity. • Individual, market and aggregate demand. • The price elasticity of demand. • The difference between the slope of the demand curve and the price elasticity of the demand. • The cross elasticity of the demand. • The income elasticity of the demand – the goods‘ typology from the income elasticity viewpoint. 7. The firm – its aims and production activity. • Firm‘s aims. • The choice of technology – combination and substitution of the production factors. • The output and production functions. • The isoquant analysis. • The producer‘s equilibrium. • The law of diminishing marginal productivity. 8. Costs, revenues and profits of the firm. • The economic and accounting approach to the costs. • The costs‘ typology and their graphic expression. • Explicit and implicit costs. • Firm revenues. • The firm profit – normal and economic profit. 9. The firm behaviour in perfect competition conditions. • The market structures‘ typology. • The perfect competition characteristic. The firm as a price-taker. • The production extent decision. The perfect competition firm‘s supply curve shaping. • The firm with economic profit and economic loss. • The break-even point and the shutdown point of the firm. • The sense of perfect competition firm‘s model. 10. The behaviour of the monopoly. • The characteristics of the monopoly. • The difference between determining of the marginal revenue and the price. • The production extent and the decision of the monopoly price. • The monopoly profit. Interpretation of the „dead-weigth-loss“. • Antitrust law. • The natural monopoly and its regulation. 11. The firm behaviour in oligopoly and in monopolistic competition conditions. • The types of oligopoly and the price coordination. • Essential elements of the games theory and their application in oligopoly conditions. • Monopolistic competition and its principles. • The competition by product differentiation – real and seeming differentiation. The role of the advertisement. • The equilibrium of the monopolistic competitive firm in the short run and in the long run. 12. Labour market. • The rationale time alocation and the individual labour supply curve formation. • The market supply of labour. • Determination of the individual labour demand. The market labour demand. • The wage as an equilibrium price of the labour. • The economic rent and the transfer earnings. • Wage differences. Human capital. Discrimination on the labour market. • The role of the government on the labour market. The guarranted minimum salary – its function and consequences. 13. Capital market. • Different forms of capital. • Investments. • The demand for capital. • The supply of capital, savings. • International capital flows. • Investment decisions, present values, an internal rate of returns. • The portfolio, risks and returns. 14. The distribution of income and wealth. • The sources of inequality. • How to measure inequality among income classes. • The role of government in redistribution processes. • Efficiency vs. equality. 15. Externalities and public goods. • Market inefficiency with externalities, graphical analysis of inefficiency. • Policies to correct externalities, government programs and private approaches. • Public vs. private goods, free-rider problem. • Optimal quantity of public goods determination. 16. Public choice theory - Subjects on the political market and their aims. - Mechanism and results of public choice. - Typical situations and problems solved in the public choice. - Government failure.

Conditions for subject completion

Full-time form (validity from: 2020/2021 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of pointsMax. počet pokusů
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 35 (35) 18
                Průběžná kontrola studia Other task type 15  3
                Zápočtový test Other task type 20  3 3
        Examination Examination 65  26 3
Mandatory attendence participation: Not specified.

Show history

Conditions for subject completion and attendance at the exercises within ISP:

Show history

Occurrence in study plans

Academic yearProgrammeBranch/spec.Spec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2023/2024 (B0311A050004) Applied Economics EKO P Czech Ostrava 1 Compulsory study plan
2023/2024 (B0311A050015) Informatics in Economy EKO P Czech Ostrava 1 Compulsory study plan
2023/2024 (B0312A050001) Public Economics and Administration EKO P Czech Ostrava 1 Compulsory study plan
2023/2024 (B0411A050001) Accounting and Taxes EKO P Czech Ostrava 1 Compulsory study plan
2023/2024 (B0411A050001) Accounting and Taxes EKO P Czech Valašské Meziříčí 1 Compulsory study plan
2023/2024 (B0412A050005) Finance EKO P Czech Ostrava 1 Compulsory study plan
2023/2024 (B0413A050012) Economics and Management EKO P Czech Valašské Meziříčí 1 Compulsory study plan
2023/2024 (B0413A050012) Economics and Management EKO P Czech Ostrava 1 Compulsory study plan
2023/2024 (B0414A050001) Marketing EKO P Czech Šumperk 1 Compulsory study plan
2023/2024 (B0414A050001) Marketing EKO P Czech Ostrava 1 Compulsory study plan
2022/2023 (B0311A050004) Applied Economics EKO P Czech Ostrava 1 Compulsory study plan
2022/2023 (B0311A050015) Informatics in Economy EKO P Czech Ostrava 1 Compulsory study plan
2022/2023 (B0312A050001) Public Economics and Administration EKO P Czech Ostrava 1 Compulsory study plan
2022/2023 (B0411A050001) Accounting and Taxes EKO P Czech Ostrava 1 Compulsory study plan
2022/2023 (B0411A050001) Accounting and Taxes EKO P Czech Valašské Meziříčí 1 Compulsory study plan
2022/2023 (B0412A050005) Finance EKO P Czech Ostrava 1 Compulsory study plan
2022/2023 (B0413A050012) Economics and Management EKO P Czech Valašské Meziříčí 1 Compulsory study plan
2022/2023 (B0413A050012) Economics and Management EKO P Czech Ostrava 1 Compulsory study plan
2022/2023 (B0414A050001) Marketing EKO P Czech Ostrava 1 Compulsory study plan
2022/2023 (B0414A050001) Marketing EKO P Czech Šumperk 1 Compulsory study plan
2021/2022 (B0311A050004) Applied Economics EKO P Czech Ostrava 1 Compulsory study plan
2021/2022 (B0311A050015) Informatics in Economy EKO P Czech Ostrava 1 Compulsory study plan
2021/2022 (B0312A050001) Public Economics and Administration EKO P Czech Ostrava 1 Compulsory study plan
2021/2022 (B0411A050001) Accounting and Taxes EKO P Czech Valašské Meziříčí 1 Compulsory study plan
2021/2022 (B0411A050001) Accounting and Taxes EKO P Czech Ostrava 1 Compulsory study plan
2021/2022 (B0412A050005) Finance EKO P Czech Ostrava 1 Compulsory study plan
2021/2022 (B0413A050012) Economics and Management EKO P Czech Valašské Meziříčí 1 Compulsory study plan
2021/2022 (B0413A050012) Economics and Management EKO P Czech Ostrava 1 Compulsory study plan
2021/2022 (B0414A050001) Marketing EKO P Czech Ostrava 1 Compulsory study plan
2020/2021 (B0311A050004) Applied Economics EKO P Czech Ostrava 1 Compulsory study plan
2020/2021 (B0312A050001) Public Economics and Administration EKO P Czech Ostrava 1 Compulsory study plan
2020/2021 (B0411A050001) Accounting and Taxes EKO P Czech Ostrava 1 Compulsory study plan
2020/2021 (B0412A050005) Finance EKO P Czech Ostrava 1 Compulsory study plan
2020/2021 (B0413A050012) Economics and Management EKO P Czech Ostrava 1 Compulsory study plan
2020/2021 (B0414A050001) Marketing EKO P Czech Ostrava 1 Compulsory study plan
2020/2021 (B0411A050001) Accounting and Taxes EKO P Czech Valašské Meziříčí 1 Compulsory study plan
2020/2021 (B0413A050012) Economics and Management EKO P Czech Valašské Meziříčí 1 Compulsory study plan
2020/2021 (B0311A050015) Informatics in Economy EKO P Czech Ostrava 1 Compulsory study plan
2019/2020 (B0311A050004) Applied Economics EKO P Czech Ostrava 1 Compulsory study plan
2019/2020 (B0413A050012) Economics and Management EKO P Czech Ostrava 1 Compulsory study plan
2019/2020 (B0312A050001) Public Economics and Administration EKO P Czech Ostrava 1 Compulsory study plan
2019/2020 (B0413A050012) Economics and Management EKO P Czech Valašské Meziříčí 1 Compulsory study plan
2019/2020 (B0414A050001) Marketing EKO P Czech Ostrava 1 Compulsory study plan
2019/2020 (B0411A050001) Accounting and Taxes EKO P Czech Ostrava 1 Compulsory study plan
2019/2020 (B0412A050005) Finance EKO P Czech Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction



2023/2024 Winter
2022/2023 Winter
2021/2022 Winter
2020/2021 Winter
2019/2020 Winter