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CZECH TECHNICAL UNIVERSITY IN PRAGUE
STUDY PLANS
2020/2021

Fundamentals of Microeconomics

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Code Completion Credits Range Language
BIE-MIK Z,ZK 4 2P+2C English
Lecturer:
Pavla Vozárová (guarantor)
Tutor:
Pavla Vozárová (guarantor)
Supervisor:
Department of Software Engineering
Synopsis:

This a introductory course of microeconomics designed for students without previous economic background. It describes different market regimes and ways how firm can react to consumer demand, competitor strategies, government intervention, uncertainty and information asymmetry. All concepts are illustrated on real life examples.

Requirements:

Sufficient knowledge of basic mathematical analysis (differential calculus)

Syllabus of lectures:

1. Demand and supply model

2. Consumer theory (utility function, budget constraint)

3. Firm theory (production function, costs)

4. Perfect competition and welfare

5. Other types of market structures (monopoly, oligopoly)

6. Introduction to game theory

7. Dynamic decision making (time dimension)

8. Decision making under uncertainty (attitude towards risk)

9. Asymmetric information problem

10. Externalities and public goods

Syllabus of tutorials:

1. Demand and supply model

2. Consumer theory (utility function, budget constraint)

3. Firm theory (production function, costs)

4. Perfect competition and welfare

5. Other types of market structures (monopoly, oligopoly)

6. Introduction to game theory

7. Dynamic decision making (time dimension)

8. Decision making under uncertainty (attitude towards risk)

9. Asymmetric information problem

10. Externalities and public goods

Study Objective:

Students will acquire basics of economic thinking, necessary terminology and ability to work with simple models describing market environment and behavior of its participants.

Study materials:

Jeffrey M. Perloff: Microeconomics

Note:
Further information:
https://courses.fit.cvut.cz/BI-MIK/
Time-table for winter semester 2020/2021:
06:00–08:0008:00–10:0010:00–12:0012:00–14:0014:00–16:0016:00–18:0018:00–20:0020:00–22:0022:00–24:00
Mon
roomTH:A-942
Vozárová P.
09:15–10:45
(lecture parallel1)
Thákurova 7 (FSv-budova A)
roomTH:A-942
Vozárová P.
11:00–12:30
(lecture parallel1
parallel nr.101)

Thákurova 7 (FSv-budova A)
Tue
Fri
Thu
Fri
Time-table for summer semester 2020/2021:
Time-table is not available yet
The course is a part of the following study plans:
Data valid to 2020-10-30
For updated information see http://bilakniha.cvut.cz/en/predmet3427206.html