Course: Economics I

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Course title Economics I
Course code KPF/B047
Organizational form of instruction Lecture
Level of course Bachelor
Year of study 1
Semester Winter
Number of ECTS credits 3
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Minárik Pavol, doc. Mgr. Ing. Ph.D.
Course content
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

Learning activities and teaching methods
unspecified, unspecified, unspecified, unspecified
  • unspecified - 26 hours per semester
  • unspecified - 52 hours per semester
Learning outcomes
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.
Prerequisites
None

Assessment methods and criteria
unspecified
Mid-term and final test.
Recommended literature
  • FRANK, R. H., BERNANKE, B. S. Ekonomie, Grada, Praha 2002..
  • HOLMAN, R. Ekonomie, Praha, Beck 2006.
  • Macáková a kol. Mikroekonomie základní kurs, Melandrium Praha,. 2002.
  • Mankiw, Gregory, N. Zásady ekonomie, Praha, Grada. Praha, 1999.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Arts Study plan (Version): Political Science (Two-Subject Combination) (A14) Category: Social sciences 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Arts Study plan (Version): Social Sciences (Two-Subject Combination) (A14) Category: Philosophy, theology 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Arts Study plan (Version): Social Sciences (Two-Subject Combination) (A14) Category: Philosophy, theology 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Education Study plan (Version): Social Sciences (A14) Category: Philosophy, theology 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Arts Study plan (Version): Social Sciences (Two-Subject Combination) (A14) Category: Philosophy, theology 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Education Study plan (Version): Social Sciences (A14) Category: Philosophy, theology 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Education Study plan (Version): Social Sciences (A14) Category: Philosophy, theology 1 Recommended year of study:1, Recommended semester: Winter