EVSNAAMI Advanced Microeconomics

Obchodně podnikatelská fakulta v Karviné
zima 2025
Rozsah
2/2/0. 7 kr. Ukončení: zk.
Vyučující
Dr. Ing. Ingrid Majerová (přednášející)
Garance
prof. Mgr. Ing. Michal Tvrdoň, Ph.D.
Katedra ekonomie a veřejné správy – Obchodně podnikatelská fakulta v Karviné
Kontaktní osoba: Ing. Eva Kotlánová, Ph.D.
Rozvrh
Po 8:55–10:30 A111
  • Rozvrh seminárních/paralelních skupin:
EVSNAAMI/01: Po 10:35–12:10 B101, I. Majerová
EVSNAAMI/02: Po 13:55–15:30 B101, I. Majerová
Omezení zápisu do předmětu
Předmět je určen pouze studentům mateřských oborů.

Předmět si smí zapsat nejvýše 40 stud.
Momentální stav registrace a zápisu: zapsáno: 27/40, pouze zareg.: 1/40
Mateřské obory/plány
Cíle předmětu
The students receive the knowledge about the issue of advanced microeconomics.
Výstupy z učení
The student understands principles of microeconomics and their applications in solving decision-making problems of economic agents. The student can define the principles of consumer theory and apply them in the analysis of consumer behaviour. The student can evaluate changes in consumer behaviour when price, income, or other external factors change. The student understands the concept of intertemporal choice and is able to analyse how consumers allocate their income and expenditure between different time periods. The student knows the basic premises of firm analysis and can identify the key factors that influence firms' decision-making processes. The student is able to analyse the production function in the short and long run, including understanding the relationship between inputs. The student is able to interpret alternative goals of firms and explain how they may influence the choice of technology and production strategy. The student is able to evaluate the effect of changes in input prices on a firm's costs and formulate appropriate cost management responses to changes in input prices. The student knows the concept of profit in economics, including the difference between accounting and economic profit. The student can identify and analyse different types of market failures, including imperfect competition, externalities, public goods, and asymmetric information, and understand their impact on the efficiency of markets.
Osnova

1. Theoretical introduction to microeconomics 

The nature and subject of microeconomics. Basic methods and tools of economic analysis. Models in microeconomics. Functions. Average and marginal variables and their graphical representation. Equilibrium and determination of the optimum. 

2. Consumer theory 

The consumer’s budget constraint. Intertemporal choice. Theory of consumer demand. Effects of income changes. Engel curve. Income elasticity of demand. Price elasticity of demand. Cross-price elasticity of demand and elasticity decomposition. Substitution and income effects of price changes. Individual demand curve and market demand. Decisions under uncertainty and risk. 

3. Technology Choice and Production 

Theoretical introduction to production. Production functions in the short run and long run. Isoquants and the marginal rate of technical substitution. Cost minimisation and the identification of the optimal combination of inputs. Consumer optimum. Returns to scale and the expansion path. Alternative objectives of the firm and their causes. 

4. General Equilibrium 

Assumptions of the general equilibrium model. Edgeworth box diagram. Production and efficiency. Pareto efficiency. Optimal input choice by firms. The contract curve and the production possibility frontier. Opportunity cost. Firm's product mix decision and efficiency. Exchange and efficiency. Production-consumption efficiency. Equilibrium and the price system. The trade-off between equity and efficiency. Welfare economics and Arthur Cecil Pigou. 

5.                   Firm Revenues, Costs, and Profit 

Revenue generation under perfect competition. Revenues in imperfectly competitive markets. Short-run cost structures. Long-run costs. Relationship between short-run and long-run costs. The concept of profit in microeconomics. 

6. Firm Output Decision under Perfect Competition 

Theoretical foundations of perfect competition. Output decision-making by a perfectly competitive firm in the short run. Supply of a perfectly competitive firm and industry in the short run. Firm equilibrium. Long-run output decision. Long-run supply in perfectly competitive industries. Market equilibrium in the long run. Efficiency of the perfectly competitive market structure. 

7. Firm Output Decision under Imperfect Competition 

Theoretical foundations of monopoly. Types of price discrimination. Theoretical background of oligopolistic market structures. Oligopoly models. Game theory and oligopoly models. Theoretical framework of monopolistic competition. Models of monopolistic competition. 

8. Factor Markets 

Microeconomic aspects of the labour market. Capital markets. Consumer decision-making and indifference analysis. Investment and consumer decisions. Investment decisions in the absence of capital markets. Perfectly competitive capital markets and consumer investment decisions. Risk and uncertainty in investment decision-making. Theoretical introduction to natural resources. Natural resources markets. 

9. Market Failures and Microeconomic Policy 

Types of market failure. Imperfect competition. Externalities. Public goods. Asymmetric information. Income redistribution. 

 

Literatura
    povinná literatura
  • Wiese H. Advanced Microeconomics. Springer Gabler, 2021.
  • Muňoz-Garcia, F. Advanced Microeconomics Theory. MIT Press, 2017.
    doporučená literatura
  • MANKIEW, N G. Principles of Microeconomics. 8th Edition. Stamford: Cengage Learning, 2020. ISBN 978-1-305-97149-3. info
Výukové metody
Lecture, seminar, working with text, teamwork, group discussion and group problem-solving method, teaching using case studies.
Metody hodnocení
active participation in seminars min. 60% (10% of the grade), ongoing test (30% of the grade), combined exam (60% of the grade)
Vyučovací jazyk
Angličtina
Další komentáře
Studijní materiály
Předmět je zařazen také v obdobích akreditace zima, zima 2022, zima 2023, zima 2024.
  • Statistika zápisu (nejnovější)
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