Microeconomics

Course guarantor:

Quang Van Tran

Lecturer:

Quang Van Tran

Tutor:

Quang Van Tran

Supervisor:

Department of Software Engineering

Synopsis:

Microeconomics is a set of theories, which help us to understand processes by which the scarce resources are allocated

among alternative uses. Microeconomics explains the role of prices and markets in these processes and makes more

clear behaviour of the economic agents. Lectures and seminars are designed so that the explanation of microeconomic

concepts does not require knowledge of calculus.

Requirements:

Syllabus of lectures:

1. Basic economic concepts and economic models. Production possibilities frontier. Absolute and comparative advantages.

2. Market and different types of markets. Market equilibrium. Different types of goods.

3. Derivation of market demand and market supply. Income and price elasticity of demand. Price indices.

4. Introduction to producer theory. Producer surplus. Total surplus. Fixed and variable costs. Production analysis, production

costs.

5. Perfect competition.

6. Monopoly. Deadweight loss.

7. Monopolistic competition.

8. Production functions (Cobb-Douglas, Leontief, CES). Isoquants. Marginal rate of technical substitution

MRTS, marginal product MP, average product AP. Returns to scale.

9. Profit maximization. First order conditions. Factor demand. Derivation of supply function.

10. Cost minimization. Isocosts. First order conditions. Factor demand.

11. Duopoly: Cournots and Stackelbergs models.

12. Cartel: perfect and imperfect.

13. Game theory. Nash equilibrium in pure and mixed strategies in static games.

Syllabus of tutorials:

Study Objective:

Study materials:

[1] Mankiw, N. G., Taylor, M. P. Microeconomics, 4th ed. Hampshire (GB): Cengage Learning EMEA, 2017. ISBN

978-1473725393.

[2] Frank, R. H., Bernanke, B. S., Antonovics, K., Heffetz, O. Principles of Microeconomics. 6th edition. New York

(USA): McGraw-Hill Education , 2015. ISBN 978-0073517858.

Recommended references:

[3] Gravelle, H., Rees, R. Microeconomics. 3rd edition. Toronto (Ontario): Pearson Education Canada, 2004. ISBN 978-

0582404878.

[4] Varian, H. R. Intermediate Microeconomics: A Modern Approach. 9th edition. New York (USA): W. W. Norton &

Company, 2014. ISBN 978-0393123968.

Note:

Time-table for winter semester 2024/2025:

	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	roomTR:301 Tran Q. 12:00–13:50 (lecture parallel1) Trojanova 13
Tue
Wed	roomTR:301 Tran Q. 12:00–13:50 (parallel nr.101) Trojanova 13
Thu
Fri

Time-table for summer semester 2024/2025:

Time-table is not available yet

The course is a part of the following study plans:

• Aplikace informatiky v přírodních vědách (compulsory course in the program)
• Aplikovaná informatika (elective course)