114-0500/03 – Microeconomics A (MIC A)

Gurantor departmentDepartment of EconomicsCredits5
Subject guarantorprof. Dr. Ing. Jan LibichSubject version guarantorprof. Dr. Ing. Jan Libich
Study levelundergraduate or graduateRequirementCompulsory
Year1Semesterwinter
Study languageEnglish
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
JAN27 Ing. Hana Janáčková, Ph.D.
JAN77 Ing. Ivana Jánošíková, Ph.D.
LIB009 prof. Dr. Ing. Jan Libich
LOK02 Ing. Aleš Lokaj, Ph.D.
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
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.

Way of continuous check of knowledge in the course of semester

Student will get a credit after writing compulsory tests with a minimum assessment 18 points (up to 35 points). After that follows the written exam with a minimum 26 points from the maximum 65 points. Student can pass out the subject with a minimum 51 points from the total 100 points.

E-learning

Other requirements

active participation in seminars, study of recommended literature

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Introduction to economics. 2. Market and market mechanism. 3. Theory of utility. 4. Market demand and its elasticity. 5. Firm – its aims and production activity. 6. Costs, revenues and profits of the firm. 7. Perfectly competitive firm. 8. Monopoly. 9. Firm in oligopoly and in monopolistically competitive industry. 10. Labour market. 11. Capital market. 12. Distribution of income and wealth. 13. Externalities and public goods. 14. Public choice theory.

Conditions for subject completion

Full-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 35 (35) 18
                Průběžná kontrola studia Written test 15  0
                Zápočtový test Written test 20  0
        Examination Examination 65  26
Mandatory attendence parzicipation: not specified

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2021/2022 (B0311A050004) Applied Economics EKO P Czech Ostrava 1 Compulsory study plan
2021/2022 (B0311A050005) Applied Economics ECO P English 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 Ostrava 1 Compulsory study plan
2021/2022 (B0412A050005) Finance EKO P Czech Ostrava 1 Compulsory study plan
2021/2022 (B0412A050006) Finance EKO P English Ostrava 1 Compulsory study plan
2021/2022 (B0413A050012) Economics and Management EKO P Czech Ostrava 1 Compulsory study plan
2020/2021 (B0311A050004) Applied Economics EKO P Czech Ostrava 1 Compulsory study plan
2020/2021 (B0311A050005) Applied Economics ECO P English 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 (B0412A050006) Finance EKO P English Ostrava 1 Compulsory study plan
2020/2021 (B0413A050012) Economics and Management EKO P Czech Ostrava 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 (B0311A050005) Applied Economics ECO P English Ostrava 1 Compulsory study plan
2019/2020 (B0412A050006) Finance EKO P English 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