Microeconomics I
0
2023-2024
01620174
Área Científica do Menor
Portuguese
Face-to-face
SEMESTRIAL
6.0
Compulsory
1st Cycle Studies
Recommended Prerequisites
Mathematics corresponding to 12th year (A) and the understanding of abstraction in scientific knowledge.
Teaching Methods
Lectures and practical classes. Practical classes: students will solve questions and exercises listed as homework; students are encouraged to assist colleagues in the blackboard to solve the exercises and answer any questions.
Learning Outcomes
Overall objectives: Understand the basic knowledge of microeconomic theory: economic laws, how economists work; economic agents’ behaviour and the organization of economies.
Specific objectives: Understand and represent graphical and numerical information; individual and market demand and supply behaviour; foundations of individual behaviour, the role of costs in supply; different representations of markets; abstract representation of markets and market failures.
Generic competencies: Be able to read and expose news about the economy; to identify the presence of “opportunity costs” in the daily activity ant its value; to distinguish between normative and positive economics
Specific competencies: Understand graphics; ceteris paribus assumption violation; mathematical expressions associated with economic behaviors and values for its parameters; costs and income, private and social.
Work Placement(s)
NoSyllabus
Economics as a science
Demand and supply: quantities and prices
Demand and supply elasticity’s
Consumer choice: from utility theory to indifference theory
The cost structure of firms
Perfect competition markets
Monopoly
Imperfect competition
Inputs markets
Market failures
Assessment Methods
Assessment
Periodic or by final exam as given in the course information: 100.0%
Bibliography
ANDRADE, João Sousa - Introdução à economia. Coimbra : Minerva,1998. [BP 330.1 AND]
LIPSEY, Richard G. ; CHRYSTAL, K. Alec - Economics. 13th ed.. Oxford : Oxford University Press, 2011. [BP 330.1 LIP]