Course syllabus E15-0033-I - Microeconomics II. (FEM - WS 2019/2020)

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University: Slovak University of Agriculture in Nitra
Faculty: Faculty of Economics and Management
Course unit code: E15-0033-I
Course unit title: Microeconomics II.
Planned types, learning activities and teaching methods:
lecture3 hours weekly / 39 hours per semester of study (on-site method)
seminar1 hour weekly / 13 hours per semester of study (on-site method)

Credits: 6
Semester: Business Economics - master (required), 1. semester
Business Economics - master (required), 1. semester
Business Economics - master (required), 1. semester
Business Economics - master (required), 1. semester
Agrarian Trade and Marketing - master (elective), 3. semester
Business Management - master (elective), 3. semester
Level of study: 2.
Prerequisites for registration: none
Assesment methods :
Midterm written test, Final written test and oral exam
Learning outcomes of the course unit:
Deepening the knowledge of the subject of Microeconomics I in relation with the area of the rational consumer choice through analyses of its slection by intertemporal model. The appropriate methods acquirement for quantification of effects of the selected state tools implementation for the market regulation used for individual market subject.
Course contents:
1.Trade and welfare effects of state intervences on market (allowance 1/1)
 
a.Trade and welfare effects of state intervences on market
(Calculation and graphical representation of consumer surplus and producer surplus, effects of indirect tax)

2.Trade and welfare effects of state intervences on market (allowance 1/1)
 
a.Trade and welfare effects of state intervences on market
(Effects of taxation and price regulation)

3.Trade and welfare effects of state intervences on market (allowance 1/1)
 
a.Trade and welfare effects of state intervences on market
(Effects of anti-import policy, the effects of pro-export policy - export subsidy)

4.Cost of living index (allowance 1/1)
 
a.Cost of living index -- calculation, graph representation
(Divisia index, Laspeyeres index, Paasche index)

5.The impact of price changes on demand (allowance 1/1)
 
a.Calculation and graphical representation of the impact of price changes on demand
(Substitution and income effect of price changes - Hicks approach)

6.Market demand (allowance 1/1)
 
a.The derivation of market demand, graphically and numerically, Relationship: demand - consumer expenditure - the price elasticity

7.Intertemporal model of consumer choice (allowance 1/1)
 
a.Intertemporal model of consumer choice
(Intertemporal buget constraint, Intertemporal indiference curves, optimum)

8.The choice in terms of uncertainty (allowance 1/1)
 
a.The choice in terms of uncertainty
(Expected value and expected utility)

9.Asset markets (allowance 1/1)
 
a.Market Assets, Rate of Return, Arbitrage and Present Value

10.Risk assets (allowance 1/1)
 
a.Utility function of risk aversive, risk-seeking and risk-neutral consumers

11.Game theory and strategic behavior (allowance 1/1)
 
a.Introduction to the Theory of Games

12.Markets factor (allowance 1/1)
 
a.Economy of Labor Market, Capital Market

13.General Equilibrium and Market Efficiency (allowance 1/1)
 
a.Efficiency in production, Efficiency in consumption, Market failure

Recommended or required reading:
Recommended:
1.Prednášky, Moodle
2.Zentková,I.: Mikroekonómia. In: Árendáš,M.a kol.: Základy ekonómie. SPU, Nitra, 1997, s.113-266, ISBN 80-967842-7-7
3.Zentková,I.: Základy mikroekonómie. SPU, Nitra, 2001, 148 s., ISBN 80-7137-839-9
4.Soukupová,J.a kol.: Mikroekonomie. Management Press, Praha, 2010, 574 s., ISBN 9788072612185
5.Varian,H.,R.: Mikroekonomie.Viktoria Publishing, Praha,1995, ISBN 80-85865-25-4
6. Musil, P.: Mikroekonomie, stredne pokročilý kurz. Vydavatelství a nakladatelství Aleš Čenek, Plzeň 2009, 295s, ISBN 978-80-7380-207-3

Language of instruction: Slovak, English
Notes:
Evaluation of course unit:
Assessed students in total: 449

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16,5 %16,5 %20,3 %20,3 %26,1 %0,3 %
Name of lecturer(s): Ing. Elena Hošková, PhD. (examiner, instructor, tutor)
Ing. Martin Richter, PhD. (examiner, instructor, lecturer, tutor)
doc. Ing. Iveta Zentková, CSc. (examiner, instructor, lecturer, person responsible for course)
Last modification: 7. 3. 2019
Supervisor: doc. Ing. Iveta Zentková, CSc. and programme supervisor


Last modification made by Iveta Kunová on 03/07/2019.

Type of output: