Fundamentals of Microeconomics

The course is not on the list Without time-table

Code	Completion	Credits	Range	Language
BIE-MIK	Z,ZK	4	2P+2C	English

Garant předmětu:

Tomáš Evan, Pavla Vozárová

Lecturer:

Tomáš Evan, Pavla Vozárová

Tutor:

Tomáš Evan, Pavla Vozárová

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/

No time-table has been prepared for this course

The course is a part of the following study plans:

Bachelor branch Security and Information Technology, in English, 2015-2020 (compulsory elective economic-management course)
Bachelor branch Web and Software Engineering, spec. Software Engineering, in English, 2015-2020 (compulsory elective economic-management course)
Bachelor branch Computer Science, in English, 2015-2020 (compulsory elective economic-management course)
Bachelor branch Computer Science, in English, 2015-2020 original version (compulsory elective economic-management course)