Subject: Microeconomics I

The aims of the subject:

Students should learn the basic microeconomic theory and understand fundamental microeconomic concepts.

The subject matter:

1. Introduction to Economics

2. The Elements of Supply and Demand in Microeconomics

3. Demand and Consumer Behaviour

4. Geometrical Analysis of Consumer Equilibrium

5. Theory of Production and Marginal Product

6. Analysis of Costs

7. Supply and the Pricing in Competitive Markets

8. Imperfect Competition

9. Analysis of Monopoly, Oligopoly and Monopolistic Competition

10. Pricing of Factors of Production

11. Wages and the Labour Market

12. Capital Market

13. Income Distribution

The main textbook:

Hájek, L.: Economics – An Overview of Basic Concepts and Problems. Hradec Králové, Gaudeamus 2000

The supplementary textbook:

Samuelson, P. A. - Nordhaus, W. D.: Economics. 13^th – 16^th editions, New York, McGraw-Hill 1989, 1992, 1995, 1997