Course details

Microeconomics 2

MI2 FBM BUT mik2P Acad. year 2018/2019 Summer semester 6 credits

Current academic year

Microeconomics seeks to understand the forces influencing the choices individuals make as they cope with the problem of scarcity. Much of the analysis here is based on the assumption that human behavior is predictable. In analyzing economic phenomena, many simplifications are made to isolate the basic constraints under which persons must make decisions. The role of prices in influencing economic decisions is studied extensively in microeconomics. The aim of the subject is to teach students use the theory in practice and course will focus on consumer behavior, theory of the firm, production and costs, perfect competition, imperfect competition, game theory and factor market.


Language of instruction




Time span

26 hrs lectures, 26 hrs exercises

Assessment points

100 exam



Chládek Libor, Ing., BA (IE FBM BUT)
Luňáček Jiří, Ing., Ph.D., MBA (IE FBM BUT)

Subject specific learning outcomes and competences

Student will know on advanced level systematic interpretation micro - economic tools, by the help of them it is possible analyze concrete cases market behaviors individuals and firms. In terms of subject I'll students also familiarized with using tools micro - economics analyses to evaluation effects economic policy (especially then in her structural or micro - economics parts ) on act individuals and firms.

Learning objectives

Economic theories make assumptions about the way people behave. The implications of these assumptions for human actions are then traced, using logic.

Prerequisite kwnowledge and skills

Expect of knowledge from economics range baccalaureate studies, concreate equilibrium of fir, equilibrium of consumer, equilibrium of input market.

Fundamental literature

  • SCHILLER, Bradley R. Mikroekonomie dnes. Brno : Computer Press, 2004. 404 s. ISBN 80-251-0109-6. (EN)
  • LUŇÁČEK, J., BENEŠ, J.,Mikroekonomie, 2006 CERM Brno, ISBN 80-214-3293-4. (CS)
  • FRANK,R.H. Mikroekonomie a chování, 1. vyd. Praha: Nakladatelství Svoboda, 1995. 765s. ISBN 25-042-95. (CS)
  • JEHLE, G. A. RENY, P. J. Advanced microeconomic theory. 2. vyd. Boston: Addison Wesley, 2001. 543 s. The Addison-Wesley series in economics. ISBN 0-321-20453-0. (EN)
  • KOUTSOYIANNIS, A. Modern Microeconomics. 2. vyd. Basingstoke: Macmillan Press, 1979. 581 p. ISBN 0-333-25349-3. (EN)
  • BAYE, M. Managerial Economics and Business Strategy. New York: McGraw - Hill, 2006. 620 s. (EN)
  • KEŘKOVSKÝ, M. Ekonomie pro strategické řízení, vyd. Praha: C. H. Beck, 2004, 184s. ISBN: 80-7179-885-1 (CS)
  • SOUKUPOVÁ, J. - HOŘEJŠÍ, B. - MACÁKOVÁ, L. - SOUKUP, J. Mikroekonomie. Management Press, 2. vydání, Praha 1999, 548s., ISBN 80-7261-005-8. (CS)

Syllabus of lectures

  1. Introduction to the Microeconomics.
  2. Consumer Theory.
  3. Theory of the firm.
  4. Production and Costs.
  5. Perfect competition, Market Equilibrium.
  6. Imperfect competition Monopoly.
  7. Monopoly and Price Discrimination.
  8. Oligopoly.
  9. Monopolistic Competition.
  10. Alternative Theories of the Firm.
  11. The Market for Factors of Production - Perfect and Imperfect Competition.
  12. The Market for Factors of Production Supply and Demand.
  13. Investment, Time and Capital Markets.

Syllabus of numerical exercises

  1. Basic tools
  2. Consumer behavior
  3. Production of the firm
  4. Perfect and unperfect competition

Progress assessment

Participation in exercisings continuously take control of.

Controlled instruction

Credit test is necessary to make minimally 50%. Test will contain numerical problems and theoretical examples from exercising and lessons.
Form of exam is written. Student can ask for mount exam (health reasons). Exam will contain 100 points (5 instances, resp. theoretic questions)
Scale for resulting classification:
A: 90 - 100 p.
B: 80 - 89 p.
C: 70 - 79 p.
D: 60 - 69 p.
E: 50 - 59 p.
F: less than 50 p.

Course inclusion in study plans

  • Programme IT-MSC-2, field MMI, any year of study, Elective
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