EVSBKZMI Economics I

School of Business Administration in Karvina
Winter 2026
Extent and Intensity
16/0/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Marian Lebiedzik, Ph.D. (lecturer)
Dr. Ing. Ingrid Majerová (lecturer)
Guaranteed by
Dr. Ing. Ingrid Majerová
Departament of Economics and Public Administration – School of Business Administration in Karvina
Contact Person: Dr. Ing. Ingrid Majerová
Timetable
Fri 16. 10. 8:05–9:40 AULA, Fri 20. 11. 8:05–9:40 AULA, Fri 18. 12. 8:05–9:40 AULA
Prerequisites
FAKULTA(OPF) && TYP_STUDIA(B) && FORMA(K)
There are no prerequisites required to complete the course and the course can be enrolled independently of other courses.
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 170 student(s).
Current registration and enrolment status: enrolled: 0/170, only registered: 0/170
fields of study / plans the course is directly associated with
Course objectives
The aim of the course is to familiarize students with basic economic categories and the relationships between them. The course is intended to prepare students of the Faculty of Business and Entrepreneurship for the study of other economic subjects related to acquiring basic theoretical knowledge in the field of microeconomics. It deals primarily with goods, the market and its elements, consumer and producer behavior, income, costs and profit, factor markets and the role of the state in the economy from the perspective of microeconomics.
Learning outcomes
The student understands the basic principles of economics, the role of models and economic approaches, can apply methods and tools of economic analysis and understands the division of economics. He analyzes the market, its subjects (households, firms, state), supply, demand, price and competition, including price formation and types of competition. He can define consumers, their preferences, budget constraints and utility, derive an individual demand curve and analyze the elasticity of demand and its impact on sales. He can analyze a company, production processes, costs, profit and optimum of a company in the short and long term. He understands the conditions of general equilibrium and efficiency in exchange, production and production mix, uses Edgeworth box diagrams and understands Pareto efficiency. He can describe the functioning of perfect and imperfect competition (monopolies, oligopolies), analyze markets for production factors (land, labor, capital) and evaluate their functioning. He understands the nature of market failures (externalities, public goods, information asymmetry) and the role of the state in their elimination. They can design and analyze instruments such as Pigouvian taxes, emission quotas or emissions markets to reduce negative externalities and promote sustainability.
Syllabus
1. Introduction to economics Basic principles of economics, the role of models in economics, the division of economics, basic methods and tools of economic analysis. Basic economic concepts necessary for a correct understanding of the material explained in both microeconomics and macroeconomics. 2. Market The nature of the market, exchange and prices and their role in the economy. Types of markets and their subjects - households, firms and the state. Basic elements of markets - supply, demand, price and individual types of competition. 3. Theory of rational consumer choice. The budget constraint of the consumer, his preferences, cardinal and ordinal views on the method of measuring utility, the issue of optimal consumer choice. Derivation of the individual demand curve and elasticity of demand. 4. Theory of the firm The theory of the firm and the choice of the production process. Technological constraints of the firm, its short-run and long-run production function, constraints of the firm on the cost side, finding the cost optimum of the firm. The relationship between returns to scale and the cost function. 5. General equilibrium General equilibrium analysis. Conditions under which efficiency in exchange, efficiency in production and efficiency in the production mix are achieved in the economy. Edgeworth box diagrams. General equilibrium. 6. Markets of perfect and imperfect competition Revenue, costs and profit of the firm. Characteristics of a perfectly competitive market, choice of the optimal volume of production, short-term cessation of production and permanent exit of the firm from the market. Firm supply curve and market supply curve in the short and long run. Forms of imperfect competition. 7. Factor markets Land market, definition of rent. Demand for labor, individual and market labor supply. Labor market under conditions of perfect and imperfect competition. Capital and the functioning of the capital market. The importance of future and present value for making decisions about investment options. 8. Market failure and the role of the state in the economy. Market failure and government intervention in the environmental sphere Public goods, positive and negative externalities, information asymmetry in the market and the issue of monopoly power. The role of the state in eliminating the negative impacts of market failures. Political market entities and the political cycle. The mechanism of public choice, political market entities. The electoral paradox, decision-making efficiency and the electoral system.
Literature
    required literature
  • MAJEROVÁ, Ingrid. Ekonomie. Karviná: SU OPF, 2025, 138 pp. info
  • TULEJA, P., NEZVAL, P., MAJEROVÁ. Základy mikroekonomie. Praha: CP Books, 2005. ISBN 80-251-0603-9. info
  • JUREČKA, V. A KOL. Mikroekonomie. Praha: Grada, 2010. ISBN 978-80-247-3259-6. info
    recommended literature
  • MANKIW, N. G. Zásady ekonomie. Praha: Grada, 2009. ISBN 978-80-7169-891-3. info
  • MACÁKOVÁ, L. Mikroekonomie: základní kurz. Slaný: Melandrium, 2007. ISBN 978-80-86175-56-0. info
  • HOLMAN, R. Ekonomie - 4. vyd. Praha: C.H.Beck, 2009. info
Teaching methods
Lecture, work with text, conversation, work in teams, cooperative and collaborative learning, teaching using practical examples applied to theoretical approaches, individual consultations, demonstration of skills, student self-study
Assessment methods
Grade
Combined exam

Language of instruction
Czech
Further Comments
Study Materials
The course can also be completed outside the examination period.
The course is also listed under the following terms Winter 2014, Winter 2015, Winter 2016, Winter 2017, Winter 2018, Winter 2019, Winter 2020, Winter 2021, Winter 2022, Winter 2023, Winter 2024, Winter 2025.
  • Enrolment Statistics (Winter 2026, recent)
  • Permalink: https://is.slu.cz/course/opf/winter2026/EVSBKZMI