Theory of Microeconomics
Code  Completion  Credits  Range 

W38T002  ZK  5P+0C 
 Garant předmětu:
 Lecturer:
 Tutor:
 Supervisor:
 Department of Management and Economics
 Synopsis:

The mission of the subject Microeconomic Theory is to deepen the knowledge concerning 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 on the microeconomic level. For interpretation of most of the chapters mathematical approach common on technical universities is used together with statistical methods and methods of operations research.
 Requirements:

Teaching takes place through regular consultations. Requirements are specified for the test course syllabus
 Syllabus of lectures:

Overview of the history of economic theories. Consumer theory: utility theory, indifference curves and maps, optimization of consumer?s situation, relation of the indifference curve and the consumption function, price elasticity of demand. Producer theory: analysis of costs, revenue and profit, profit maximization, theory of production factors, production function, Theory of market equilibrium: market structures and their analysis  free competition, monopoly, oligopoly; optimization of producer situation. Elasticity of functions  demand, supply, cost and production functions, optimization in time and general equilibrium.
 Syllabus of tutorials:

Consultations
 Study Objective:
 Study materials:

1.Samuelson, P. A.  Nordhaus, W. A: Economics, 14. vydání. McGrawHill, Inc., New York 1992
2.Macík, K.: Mikroekonomie, ČVUT 2003, Praha
3.Henderson, J. M.  Quandt, R. E.: Microeconomic Theory  A Mathematical Approach, McGraw Hill Book Copany, New York 1971
4.Frank, R. H.  Bernake, B. S.: Ekonomie, GRADA Publishing, edice profesionál, Praha 2003
 Note:
 Further information:
 No timetable has been prepared for this course
 The course is a part of the following study plans: