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Lecturer(s)
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Minárik Pavol, doc. Mgr. Ing. Ph.D.
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Course content
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1. Introduction to microeconomics 2. Consumer's choice: Total and marginal utility 3. Consumer's choice: Utility and the demand 4. Producer's choice: Production function and costs 5. Producer's choice: Cost function and the supply in the sort run 6. Market equilibrium and efficiency 7. Imperfect markets 8. Competition and regulation 9. Markets for inputs, demand for the factors of production 10. Labor market and unemployment 11. Capital market, investments 12. Externalities and public goods 13. Microeconomic applications
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Learning activities and teaching methods
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unspecified
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Learning outcomes
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The course is an introduction to the standard microeconomics theory. It covers methodology of economics, choice models of consumers and the firm, models of markets, competition and regulation, and externalities and public goods.
Upon successful completion of this course, students will be able to: - idetify elementary microeconomic phenomena in their surrounding environment; - apply microeconomic models to explain simple social phenomena; - make use of microeconomic terminology in discussion; - understand advantages and limits of economic approach in the analysis of social reality.
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Prerequisites
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None
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Assessment methods and criteria
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unspecified
Midterm and final test (weights 40:60). Both test are open-book. If the midterm test is not taken for whatever reason, the final test score determines the grade. Minimum of 60 percent is required for passing the course.
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Recommended literature
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FRANK, R. H., BERNANKE, B. S. Ekonomie, Grada, Praha 2002..
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HOLMAN, Robert. Ekonomie. 5. vyd.. Praha: C.H.Beck, 2011. ISBN 978-80-7400-006-.
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Macáková a kol. Mikroekonomie základní kurs, Melandrium Praha,. 2002.
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Mankiw, Gregory, N. Zásady ekonomie, Praha, Grada. Praha, 1999.
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