Microeconomics
| Code | Completion | Credits | Range | Language |
|---|---|---|---|---|
| 2381011 | Z,ZK | 5 | 2+2 | Czech |
- Lecturer:
- Theodor Beran, Karel Macík (gar.)
- Tutor:
- Theodor Beran, Karel Macík (gar.)
- Supervisor:
- Department of Management and Economics
- Synopsis:
-
The mission of the subject Microeconomics is to become acquainted with the theories of behaviour of economic subjects and their interactions on the market. Under economic subjects consumers and producers are to be understood. Understanding microeconomics is the presumption for comprehension of wider coherence among economic problems the students once meet as company managers. For interpretation of most of the chapters the mathematical approach is used, because this way of teaching and learning is in accordance with mathematical tools, which are common on technical universities together with statistical methods and methods of operations research. This subject is preceded by the subject Economics, mathematical knowledge is supposed. Subjects as Accounting, Cost Accounting and Budgeting assume knowledge of Microeconomics.
- Requirements:
-
Active participation in exercises, preparing and presentation topics, submission of term (semester) work in time and mistake-free.
The Ending: credit (at credit hour) and Examination
- Syllabus of lectures:
-
Introduction into microeconomics, theory of consumer behaviour - utility theory, depiction of consumer utility, optimization of consumer?s situation, derivation of the demand function, price elasticity of demand, theory of costs, revenue and profit, profit maximization, theory of production and producer behaviour, production function, theory of market equilibrium, market structures and their analysis, optimization of producer situation, elasticity of functions - demand, supply, cost and production functions, optimization in time and general equilibrium.
1.Introduction into microeconomics, theory of consumer behaviour
2.Utility theory, depiction of consumer utility
3.Optimization of consumer?s situation, derivation of the demand function
4.Price elasticity of demand
5.Theory of costs
6.Theory of revenues and profits, theories of production and producer behavior
7.Production function
8.Theory of market equilibrium, market structures and their analysis
9.Optimization of producer situation
10.Elasticity of functions - demand, supply, cost
11.Elasticity of production functions
12.Optimization in time
13.General equilibrium
- Syllabus of tutorials:
-
1.Introduction into microeconomics, theory of consumer behaviour
2.Utility theory, depiction of consumer utility
3.Optimization of consumer?s situation, derivation of the demand function
4.Price elasticity of demand
5.Theory of costs
6.Theory of revenues and profits, theories of production and producer behavior
7.Production function
8.Theory of market equilibrium, market structures and their analysis
9.Optimization of producer situation
10.Elasticity of functions - demand, supply, cost
11.Elasticity of production functions
12.Optimization in time
13.General equilibrium
- Study Objective:
-
The mission of the subject Microeconomics is to become acquainted with the theories of behaviour of economic subjects and their interactions on the market. Under economic subjects consumers and producers are to be understood. Understanding microeconomics is the presumption for comprehension of wider coherence among economic problems the students once meet as company managers. For interpretation of most of the chapters the mathematical approach is used, because this way of teaching and learning is in accordance with mathematical tools, which are common on technical universities together with statistical methods and methods of operations research. This subject is preceded by the subject Economics, mathematical knowledge is supposed. Subjects as Accounting, Cost Accounting and Budgeting assume knowledge of Microeconomics.
- Study materials:
-
SAMUELSON,P., NORDHAUS, W. Ekonomie, NS Svoboda, Praha,18.vydání, 2007, ISBN978-80-205-0590-3
FRANK, R,.H., BERNAKE, B. S. Ekonomie, Grada Publishing, Praha,2003, ISBN 80-247-0471-4
Macík, K.: Mikroekonomie, ČVUT 2003, Praha
Henderson, J. M. - Quandt, R. E.: Microeconomic Theory - A Mathematical Approach, McGraw Hill Book Copany, New York 1971
- Note:
- Time-table for winter semester 2011/2012:
- Time-table is not available yet
- Time-table for summer semester 2011/2012:
-
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 Tue Fri Thu Fri - The course is a part of the following study plans: