N_PH_MI2_k Microeconomics 2

NEWTON University
winter 2026
Extent and Intensity
0/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Milan Palát, Ph.D. (lecturer)
Ing. Jan Boubín, Ph.D. (alternate examiner)
Ing. et Ing. Vojtěch Tamáš, Ph.D. (seminar tutor)
Guaranteed by
prof. Ing. PhDr. Ing. Vladimír Tomšík, Ph.D. et Ph.D.
Centre for Economics and Data Analytics – Academic Department – NEWTON University
Timetable of Seminar Groups
N_PH_MI2_k/01: Sun 11. 10. 10:25–14:30 PH Učebna 01, Sun 8. 11. 8:45–11:55 PH Učebna 04, Sun 13. 12. 8:45–14:30 PH Učebna 06, Sun 17. 1. 8:45–11:55 PH Učebna 01, V. Tamáš
Prerequisites (in Czech)
(!N_BA_MI2_p Microeconomics 2) && (!N_BA_MI2_k Microeconomics 2) && (!N_BR_MI2_p Microeconomics 2) && (!N_BR_MI2_k Microeconomics 2) && (!N_PH_MI2_p Microeconomics 2) && (!N_PH_MI2_k Microeconomics 2)
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
This course provides an advanced theoretical foundation for microeconomic analysis in the areas of consumer and producer decision-making, as well as market equilibrium. The aim of the course is to contribute to an understanding of the general logic behind the decision-making of microeconomic agents in the short and long run, as well as the principles of constructing economic models using more advanced analytical tools.
Syllabus
1. Analysis of consumer behavior. Special forms of indifference curves. Optimization solutions. 2. Consumer behavior and demand analysis. Effects of changes in disposable income and the price of a good on demand. Decomposition of the effects of a price change. Derivation of demand. 3. Consumer decision-making under conditions of risk. 4. Firm decision-making and production analysis in the short and long run. Substitution and production effects. Types of production functions. 5. Firm costs in the short and long run; firm revenues. The relationship between the production function and cost functions. Alternative firm objectives. 6. Firm behavior in a perfectly competitive environment in the short and long run. Long-run industry supply. Price regulation. 7. Firm decision-making under monopoly. Forms of price discrimination. 8. Models of firm decision-making under oligopoly and monopolistic competition. 9. The capital market and investment decision-making. Deriving the demand for investment. Investment decisions and risk. 10. Perfectly and imperfectly competitive labor markets in the short and long run. 11. Market failure. 12. General equilibrium, efficiency, and equity.
Literature
    required literature
  • HOŘEJŠÍ, B., SOUKUPOVÁ, J., MACÁKOVÁ, L., SOUKUP, J. 2018. Mikroekonomie. Praha: Management Press. 581 s. ISBN 978-80-7261-538-4.
    recommended literature
  • MANKIW, N. G. 2014. Principles of Microeconomics. 7th Ed. Mason: Thomson Higher Education. ISBN 978-1285165905.
  • VARIAN, R. 2010. Intermediate Microeconomics: A Modern Approach. 8. Ed. New York: Norton. ISBN 9780393934243.
  • HOLMAN, R. 2018. Mikroekonomie: středně pokročilý kurz. 3. akt. vyd. Praha: C. H. Beck. 631 s. ISBN 978-80-7400-397-4.
  • HOLMAN, R. 2016. Ekonomie. 6. vyd. Praha: C.H. Beck. Beckovy ekonomické učebnice. ISBN 978-80- 7400-278-6.
  • SAMUELSON, P. A., NORDHAUS, W. D. 2013. Ekonomie. Praha: Svoboda. ISBN 978-80-205-0629-0.
  • JUREČKA, V. a kol. 2018. Mikroekonomie. Praha: Grada Publishing, 398 s., ISBN 978-80-271-0146-7.
Assessment methods
Credit: written
Exam: written

Language of instruction
Czech
Further Comments
The course is taught annually.
The course is also listed under the following terms winter 2024, winter 2025.
  • Enrolment Statistics (recent)
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