Objectives and competences
The course aims to familiarise students with contemporary approaches to microeconomic analysis, especially in case of markets with imperfect competition and in the analysis of prices and price disparities.
Transferable/Key Skills and other attributes:
- grounding in basic knowledge of the profession;
- capability for analysis and synthesis;
- capacity for applying knowledge in practice;
- autonomous work;
- oral and written communication;
- problem solving.
Content (Syllabus outline)
1. Economic models and methodology of microeconomic analyis
2. Demand analysis and the concept of elasticity
3. Production function and supply of the firm
4. Pricing in perfect competition, monopoly, monopolistic competition and oligopoly
5. Determination of prices of production factors
6. Analysis of price level, price parities and price disparities on selected markets
Learning and teaching methods
- lectures;
- labor work;
- teachers' consultations;
- self study with literature.
Intended learning outcomes - knowledge and understanding
Knowledge and Understanding:
The course enables students to deepen their knowledge of microeconomic theory and analysis.
Intended learning outcomes - transferable/key skills and other attributes
Transferable/Key Skills and other attributes:
- grounding in basic knowledge of the profession;
- capability for analysis and synthesis;
- capacity for applying knowledge in practice;
- autonomous work;
- oral and written communication;
- problem solving.
Readings
Pindyck S. Robert, Rubinfeld L. Daniel. 2013. Microeconomics. 8/E, London: Pearson.
Nicholson, Walter. 1995. Microeconomic Theory. Basic Principles and Extensions. New York: The Dryden Press.
Frank, H. Robert. 2000. Microeconomics and Behavior. Boston: McGraw-Hill.
Hirshleifer, Jack in David Hirshleifer. 1998. Price Theory and Applications. New Jersey: Prentice Hall.
Additional information on implementation and assessment Type (examination, oral, coursework, project):
- written examination
