Course: Microeconomics 2

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Course title Microeconomics 2
Course code KEM/MIKR2
Organizational form of instruction Lecture + Seminar
Level of course Master
Year of study not specified
Semester Winter and summer
Number of ECTS credits 4
Language of instruction Czech
Status of course Compulsory, Compulsory-optional
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
  • Beran Theodor, Doc. Ing. Ph.D.
  • Martinčík David, JUDr. Ing. Ph.D.
Course content
1. Consumer decision-making principles, theoretical approaches (ordinalist and cardinalist version); consumers equilibrium. 2. Theory of demand, demand elicitation and determinants of demand in short- and long run; Engels curve; price-, income- and cross elasticity of demand; consumers surplus; demand analysis: usually used functions. 3. Consumption and leisure time trade-off; trade-off between current and future consumption; alternative theories of consumer behavior: revealed preferences. 4. Firm; firm objectives; production and production function; returns to scale; factors of production optimal combination; profit maximization in short- and long run; alternative company objectives; Baumol model; social costs and supply. 5. Production-possibility frontier; international trade; absolute and comparative advantages; sources of comparative advantages; market protection; movement of production factors among countries. 6. Market equilibrium and price; changes of market equilibrium; price regulations and subventions; taxes; license and production quota. 7. Accomplished and imperfect markets; price creation on an imperfect market; price discrimination; graduated prices; monopolistic competition; Chamberline model. 8. Oligopoly; cartel; Cournot and Stackelberg model of duopoly; Bertrand oligopoly model; Nash equilibrium. 9. Monopoly and causes of its formation; natural monopoly; antimonopoly policy. 10. Market of production factors and specifications of partial markets-job market, land market and capital market. 11. General market equilibrium; production efficiency; distribution efficiency; Pareto optimality; conditions of market efficiency. 12. Public goods and public choice; public sector; causes of existence and demand for public goods; public choice; public sector equilibrium; effective providing of public goods. 13. Consumer choice under risk.

Learning activities and teaching methods
Self-study of literature, Lecture, Practicum
  • Graduate study programme term essay (40-50) - 40 hours per semester
  • Preparation for comprehensive test (10-40) - 25 hours per semester
  • Contact hours - 39 hours per semester
professional knowledge
vysvětlit základní mikroekonomické modely
popsat principy fungování dílčích trhů
vysvětlit základní mikroekonomické veličiny
professional skills
rozlišit základní mikroekonomické přístupy podle jejich předpokladů
interpretovat hodnoty základních mikroekonomických veličin
odhadnout chování mikroekonomických subjektů při změně jednoho z parametrů modelu
general eligibility
learning outcomes
professional knowledge
vysvětlit metodologii moderní mikroekonomie
vysvětlit středně pokročilé mikroekonomické modely
vysvětlit detailní principy fungování dílčích trhů
popsat pokročilé vztahy mezi mikroekonomickými veličinami
professional skills
analyzovat středně pokročilé mikroekonomické modely co do jejich obsahové i formální stránky
aplikovat středně pokročilé mikroekonomické teorie na reálné situace
rozpoznat a formulovat základní ideové koncepce soudobých mikroekonomických škol
general eligibility
teaching methods
professional knowledge
professional skills
general eligibility
Self-study of literature
assessment methods
professional knowledge
professional skills
Skills demonstration during practicum
general eligibility
Seminar work
Recommended literature
  • Holman, Robert. Dějiny ekonomického myšlení. Vyd. 1. Praha : C.H. Beck, 1999. ISBN 80-7179-238-1.
  • Macáková, Libuše. Mikroekonomie II : cvičebnice. 3., upr. vyd. Slaný : Melandrium, 2003. ISBN 80-86175-28-6.
  • Macáková, Libuše; Soukupová, Jana. Mikroekonomie repetitorium : středně pokročilý kurs. 2. vyd. Slaný : Melandrium, 1998. ISBN 80-86175-01-4.
  • Mankiw, N. Gregory. Zásady ekonomie. Praha : Grada, 1999. ISBN 80-7169-891-1.
  • Soukup, Jindřich. Mikroekonomická analýza (vybrané kapitoly). 1. vyd. Slaný : Melandrium, 1999. ISBN 80-86175-07-3.
  • SOUKUPOVÁ, J.; HOŘEJŠÍ, B.; MACÁKOVÁ, L.; SOUKUP, J. Mikroekonomie. 3.doplněné vydání. Praha: Management Press, 2005.

Study plans that include the course
Faculty Study plan (Version) Branch of study Category Recommended year of study Recommended semester
Faculty of Applied Sciences Mathematics for Business Studies (2016) Mathematics courses 1 Summer
Faculty of Economics Business Economics and Management (2017) Economy 1 Winter
Faculty of Economics Business Economics and Management (2013) Economy 1 Winter
Faculty of Applied Sciences Mathematics for Business Studies (2016) Mathematics courses 1 Summer
Faculty of Economics Business Economics and Management (2013) Economy 1 Winter
Faculty of Economics Business Economics and Management (2017) Economy 1 Winter