Introduction to Microeconomics

Recommended Prerequisites

NA

Teaching Methods

The lectures are organized in theoretical and practical classes. In the former, the theoretical contents are exposed, stimulating the discussion of their importance and validity, using slides (powerpoint presentations). In the latter, we apply the theoretical knowledge to solve (real and/or simulated) practical problems and to interpret economically their solutions.

Learning Outcomes

Students should have a thorough understanding of the principles of economics that explain the behaviours of individual decision makers, within the economic system. To understand the implications of economic concepts on the economic agent behaviour. To know and understand: how consumers and producers establish their decisions, identifying their impact on wellbeing; the role of markets in allocating scarce resources and price formation; and the impact of government intervention in the market. To compare different market structures.

Work Placement(s)

No

Syllabus

1. Introduction to (micro)economicss

2. Demand, supply and market equilibrium

3. Consumer behaviour theory

4. Firm theory

5. Market Structures

6. Market Failures

Assessment Methods

Assessment
Continuous evaluation (worksheets + 2 tests: 40% + 30% + 30%): 100.0%

Bibliography

VARIAN, Hal R. - Microeconomia intermédia : uma abordagem moderna. 8ª ed.. Lisboa : Verlag-Dashofer, 2011. [BP 330.101.542 VAR]

FRANK, Robert H. (2006) Microeconomia e comportamento. 6ª ed.. Lisboa : Editora McGraw-Hill de Portugal, 2006. [Ed. de 2001: BP 330.101.542 FRA]