Faculty of Information Technology, BUT

Course details

Microeconomics

IMIE FBM BUT mik1P Acad. year 2018/2019 Summer semester 5 credits

The course familiarises students with the basic tools of microeconomics. Economics is the study of how the society allocates its scarce resources, and microeconomics is the study of the behaviour of households and firms, whose collective decisions determine how the resources are allocated in a free market economy.

Guarantor

Language of instruction

Czech

Completion

Credit+Examination (written+oral)

Time span

26 hrs lectures, 26 hrs exercises

Assessment points

60 exam, 40 exercises

Department

IM FBM BUT

Lecturer

Kruntorádová Markéta, Ing., Ph.D. (IE FBM BUT)
Škapa Stanislav, doc. Ing. et Ing., Ph.D. (FBM BUT)

Instructor

Fojtů Kateřina, Ing. (IE FBM BUT)
Jančíková Kateřina, Ing. et Ing. (IE FBM BUT)
Kruntorádová Markéta, Ing., Ph.D. (IE FBM BUT)
Poláček Tomáš, Ing. (IE FBM BUT)

Subject specific learning outcomes and competences

Student will be made familiar with the theoretical approaches in the area of microeconomics, and he/she will understand the role of market in relation to other microeconomics entities and will be able to make a critical analysis of real features from the microeconomics area.

Learning objectives

The goal of the course is to teach students to "think as an economist," which will help them to understand the world around, make better economic decisions in own lives, and be better informed citizens and voters. The course focuses on the economic theory and therefore will often rely on abstract concepts. However, the course will emphasize the application of these concepts to the real world situations through frequent in-class discussions of current events and interactive learning exercises.

Prerequisite kwnowledge and skills

The course does not require any prior knowledge of economics.

Study literature

  • ŠKAPA, S., KRUNTORÁDOVÁ, M., STUDENÍKOVÁ, J. Mikroekonomie I -sbírka příkladů. VUT v Brně, CERM 2008, 122 s., ISBN 978-80-214-3740-1 (in Czech).
  • FRANK, H. R., BERNANKE, B. S. Ekonomie. Grada, 2004, 802 s., ISBN 80-247-0471-4 (in Czech).

Fundamental literature

  • ŠKAPA, Stanislav. Mikroekonomie I. Vyd. 2., přeprac. Brno: Akademické nakladatelství CERM, 2012, 131 s. Učební texty vysokých škol. ISBN 978-80-214-4574-1. (in Czech)
  • MANKIW, Gregory N. Zásady ekonomie. Praha: Grada, 2000. ISBN 978-80-7169-891-1. (in Czech)
  • HOLMAN, Robert. Mikroekonomie: středně pokročilý kurz. 2., aktualiz. vyd. V Praze: C.H. Beck, 2007, xvi, 592 s. Beckovy ekonomické učebnice. ISBN 978-80-7179-862-0. (in Czech)
  • HOŘEJŠÍ, Bronislava. Mikroekonomie. 5., aktualiz. vyd. Praha: Management Press, 2010, 574 s. ISBN 978-80-7261-218-5. (in Czech)

Syllabus of lectures

  1. Introduction to economicsand development of microeconomics.
  2. Market system and rational consumer behavior.
  3. Formation of demand.
  4. Producer bidding and demand formation.
  5. Perfect competition and market equilibrium.
  6. Inperfect competition.
  7. Oligopol and monopolistitc competition, monopson.
  8. Markets of production facors, labor market.
  9. Capital market and land market.
  10. The microeconomic role of the state and the public sector.
  11. Externities and public goods.
  12. Behavioral economics.
  13. Alternative theories of firm.

Progress assessment

Participation in exercises is continuously checked. The condition is 75% attendance at seminars.

Controlled instruction

Requirements for the exam are the knowledge of the subject and the obtained credit.
The form of the exam is written (contains approximately 14 - 18 examples or theoretical questions), the student can obtain a maximum of 60 points, for successful completion of the course the student must obtain at least 33 points.

Scale for the final classification (the student can get a maximum of 40 points and a maximum of 60 test points, ie a total of 100 points):
A: 90-100 b.
B: 80-89 b.
C: 70-79 b.
D: 60-69 b.
E: 50 - 59 b.
F: less than 50 b.

Exam prerequisites

The credit of the subject of Microeconomics 1 is obtained at a minimum of 24 points out of 40 total points. Student can earn points by activity:
a) 3 Credit test - each 12 points.
b) Active participation in the exercises - the student can get up to 4 points.

Schedule

DayTypeWeeksRoomStartEndLect.grpGroupsInfo
Monlecturelectures IO/P384 09:0010:50 2BIA 2BIB 3BIT xx Škapa
Monlecturelectures IO/P381 11:0012:50 2BIA 2BIB 3BIT xx Škapa
Monexerciselectures IO/P292 15:0016:50 2BIA 2BIB 3BIT xx Kruntorádová
Tueexerciselectures IO/P164 07:0008:50 2BIA 2BIB 3BIT xx Fojtů
Tueexerciselectures IO/P164 09:0010:50 2BIA 2BIB 3BIT xx Fojtů
Tueexerciselectures IO/P164 11:0012:50 2BIA 2BIB 3BIT xx Fojtů
Tueexerciselectures IO/P292 17:0018:50 2BIA 2BIB 3BIT xx Kruntorádová
Tueexerciselectures IO/P292 19:0020:50 2BIA 2BIB 3BIT xx Kruntorádová
Wedexerciselectures IO/P164 07:0008:50 2BIA 2BIB 3BIT xx Fojtů
Wedexerciselectures IO/P164 09:0010:50 2BIA 2BIB 3BIT xx Fojtů
Wedexerciselectures IO/P164 11:0012:50 2BIA 2BIB 3BIT xx Fojtů
Wedexerciselectures IO/P292 15:0016:50 2BIA 2BIB 3BIT xx Kruntorádová
Wedexerciselectures IO/P292 17:0018:50 2BIA 2BIB 3BIT xx Kruntorádová
Thuexerciselectures IO/P164 07:0008:50 2BIA 2BIB 3BIT xx Fojtů
Thuexerciselectures IO/P164 09:0010:50 2BIA 2BIB 3BIT xx Fojtů

Course inclusion in study plans

  • Programme BIT, 2nd year of study, Elective
  • Programme IT-BC-3, field BIT, any year of study, Elective
  • Programme IT-BC-3, field BIT, 2nd year of study, Elective
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