114-0509/01 – Managerial Economics (MANE)

Gurantor departmentDepartment of EconomicsCredits6
Subject guarantorIng. Ondřej Badura, Ph.D.Subject version guarantorIng. Ondřej Badura, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year1Semesterwinter
Study languageEnglish
Year of introduction2009/2010Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
BAD0012 Ing. Ondřej Badura, 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

- ability to apply general economic theory in business and managerial processes - acquiring economic analysis of a firm - acquiring economic analysis of demand - ability to make decisions under risk and uncertainty - understanding of prediction models within the corporate environment

Teaching methods

Lectures
Seminars
Individual consultations

Summary

The aim of the course is the ability of study – participants to apply general economic theory, mainly microeconomics, to business and managerial decision processes. The course creates platform for purposeful interconnection between traditional economic theory and the theory of decision making. In some sense the course of managerial economics represents the bridge between relatively abstract theoretical background of rational decision making and managerial practice. The emphasis is selectively laid on those microeconomic topics that are the most helpful to realistic interpretation of economic environment surrounding the firm. The natural focus of the course is represented by the theory of the firm. There are overlaps to management, marketing, psychology, macroeconomics, institutional economics and sociology.

Compulsory literature:

HIRSCHEY, Mark, Eric BENTZEN and Carsten SHEIBYE. Managerial economics. Andover: Cengage, 2019. 796 p. ISBN 978-1-4737-5835-3. PNG, Ivan and Dale E. LEHMAN. Managerial Economics. 3rd ed. Malden: Blackwell, 2007. 477 p. ISBN 978-1-4051-6047-6. MCGUIGAN, James R., R. Charles MOYER and Frederick H. deB HARRIS. Managerial economics: applications, strategies, and tactic. 14th ed. Boston: Cengage Learning, 2017. 689 p. ISBN 978-1-305-50638-1.

Recommended literature:

HIRSCHEY, Mark. Fundamentals of managerial economics. 9th ed. Australia: South-Western Cengage Learning, 2009. 792 p. ISBN 978-0-324-58856-9. THOMAS, Christopher R. and S. Charles MAURICE. Managerial economics: foundations of business analysis and strategy. 12th edition. New York: McGraw-Hill Education, 2016. 714 p. ISBN 978-1-259-25107-8. KRUGMAN, Paul R. and Robin WELLS. Microeconomics. 4th ed. New York: Worth Publishers, 2015. 606 p. ISBN 978-1-4641-4387-8.

Way of continuous check of knowledge in the course of semester

Credit for 15 points + exam for 85 points. The conditions for students with individual study plan are the same.

E-learning

see LMS

Other requirements

study recommended literature

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1.-2.-3. Theory of consumer‘s behaviour (theory of demand, elasticities and their practical implications) 4.-5.-6. Theory of firm‘s behaviour (costs, economies of scale and economies of scope) 7.-8.-9. Market structures (decision making in different market structures, games theory) 10.-11.-12. Imperfect and asymmetric information (risk and uncertainty, decision making process with imperfect information, moral hazard and adverse selection) 13.-14. Firm in macro environment (interaction between firms and central authorities, public choice theory)

Conditions for subject completion

Full-time form (validity from: 2009/2010 Winter semester, validity until: 2017/2018 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of pointsMax. počet pokusů
Exercises evaluation and Examination Credit and Examination 100  51
        Exercises evaluation Credit  
        Examination Examination   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
2024/2025 (B0412EKF015) Financial and Accounting Advisory P English Ostrava 2 Choice-compulsory type B study plan
2024/2025 (B0412A050006) Finance P English Ostrava 3 Compulsory study plan
2023/2024 (B0412A050006) Finance P English Ostrava 3 Compulsory study plan
2022/2023 (B0412A050006) Finance P English Ostrava 3 Compulsory study plan
2021/2022 (B0412A050006) Finance P English Ostrava 3 Compulsory study plan
2020/2021 (B0412A050006) Finance P English Ostrava 3 Compulsory study plan
2020/2021 (B6202) Economic Policy and Administration (6202R010) Finance P English Ostrava 3 Compulsory study plan
2020/2021 (B6208) Economics and Management (6208R174) European Business Studies P English Ostrava 1 Compulsory study plan
2019/2020 (B6202) Economic Policy and Administration (6202R010) Finance P English Ostrava 3 Compulsory study plan
2019/2020 (B6208) Economics and Management (6208R174) European Business Studies P English Ostrava 1 Compulsory study plan
2019/2020 (B0412A050006) Finance P English Ostrava 3 Compulsory study plan
2018/2019 (B6208) Economics and Management (6208R174) European Business Studies P English Ostrava 1 Compulsory study plan
2018/2019 (B6202) Economic Policy and Administration (6202R010) Finance P English Ostrava 3 Compulsory study plan
2017/2018 (B6208) Economics and Management (6208R174) European Business Studies P English Ostrava 1 Compulsory study plan
2017/2018 (B6202) Economic Policy and Administration (6202R010) Finance P English Ostrava 3 Compulsory study plan
2016/2017 (B6208) Economics and Management (6208R174) European Business Studies P English Ostrava 1 Compulsory study plan
2016/2017 (B6202) Economic Policy and Administration (6202R010) Finance P English Ostrava 3 Compulsory study plan
2015/2016 (B6202) Economic Policy and Administration (6202R010) Finance P English Ostrava 3 Compulsory study plan
2014/2015 (B6208) Economics and Management (6208R174) European Business Studies P Czech Ostrava 1 Compulsory study plan
2014/2015 (B6202) Economic Policy and Administration (6202R010) Finance (01) Finance P Czech Ostrava 3 Compulsory study plan
2013/2014 (B6202) Economic Policy and Administration (6202R010) Finance (01) Finance P Czech Ostrava 3 Compulsory study plan
2013/2014 (B6208) Economics and Management (6208R174) European Business Studies P Czech Ostrava 1 Compulsory study plan
2012/2013 (B6208) Economics and Management (6208R174) European Business Studies P Czech Ostrava 1 Compulsory study plan
2012/2013 (B6202) Economic Policy and Administration (6202R010) Finance (01) Finance P Czech Ostrava 3 Compulsory study plan
2011/2012 (B6202) Economic Policy and Administration (6202R010) Finance (01) Finance P Czech Ostrava 3 Compulsory study plan
2011/2012 (B6208) Economics and Management (6208R174) European Business Studies P Czech Ostrava 1 Compulsory study plan
2010/2011 (B6208) Economics and Management (6208R174) European Business Studies P Czech Ostrava 1 Compulsory study plan
2009/2010 (B6208) Economics and Management (6208R174) European Business Studies P Czech Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner
Incoming students- BS 2024/2025 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming students- BS 2023/2024 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming students- BS 2022/2023 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming students 2021/2022 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming students - bachelor study 2020/2021 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming students - bachelor study 2019/2020 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming students - bachelor study 2018/2019 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2017/2018 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2016/2017 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2015/2016 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2014/2015 Full-time Czech Choice-compulsory 163 - International Office stu. block
Incoming students 2013/2014 Full-time Czech Choice-compulsory 163 - International Office stu. block
Incoming Students 2012/2013 Full-time Czech Choice-compulsory 163 - International Office stu. block

Assessment of instruction



2019/2020 Winter
2018/2019 Winter
2017/2018 Winter
2016/2017 Winter
2015/2016 Winter