114-0550/01 – Applied Microeconomics (AMIC A)
| Gurantor department | Department of Economics | Credits | 6 |
| Subject guarantor | doc. Ing. Martin Hodula, Ph.D. | Subject version guarantor | doc. Ing. Martin Hodula, Ph.D. |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 1 | Semester | winter |
| | Study language | English |
| Year of introduction | 2023/2024 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Bachelor |
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:
Recommended literature:
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. 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.
2. Market and market mechanism.
3. Consumer decision making and utility theory.
4. Market demand, measurement of elasticity of demand.
5. Firm – its aims and production activity.
6. Costs, revenues and profits of the firm.
7. Firm decision-making under conditions of perfect competition.
8. Firm decision-making under monopoly.
9. Firm decision-making 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
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
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