| Code |
16467
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| Year |
1
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| Semester |
S1
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| ECTS Credits |
6
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| Workload |
TP(60H)
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| Scientific area |
Economics
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Entry requirements |
Not applicable.
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Learning outcomes |
Goals:
1. Recognise, state and solve microeconomics problems;
2. Analyse the basic workings of price formation and markets; and
3. Solve everyday problems using the various tools learnt.
Competences:
a) Can define microeconomic concepts;
b) Can understand how prices are formed and how markets work;
c) Can state and solve microeconomic problems; and
d) Can solve everyday problems using the concepts learnt in the course.
Sustainable Development Goals (SDGs):
This curricular unit also aims to contribute to the training of students capable of meeting the targets of SDG 8 - Promote inclusive and sustainable economic growth, full and productive employment and decent work for all.
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Syllabus |
1. Introductory Concepts
1.1. The Principles of Economics
1.2. Think like an Economist
2. Markets, demand, and supply
2.1. Demand
2.2. Supply
2.3. Market equilibrium
2.4. Changes to market equilibrium
3. Consumer Theory
3.1. Budgetary restriction
3.2. Utility and preferences
3.3. Demand and demand elasticity
3.4. Slutsky equation: Price variations
3.5. Consumer surplus and producer surplus
3.6. Market demand
4. Producer Theory
4.1. Technology and Production Theory
4.2. Maximizing profit and cost minimization
4.3. Cost curves
4.4. Firm supply and industry supply
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Main Bibliography |
Basic books:
• Krugmam, P.; & Wells. R. (2024). Microeconomics. 7th Edition. Macmillan Learning. ISBN: 9781319481186.
• Mankiw, N.; & M. Taylor (2020). Economics, Editora: Cengage Learning. ISBN: 9781473768543.
• McKenzie, R.; Schansberg, I.; & Lee, D. (2024). Microeconomics for Managers: Principles and Applications. Cambridge University Press. ISBN: 9781009354783.
• Mankiw, Gregory (2018) Principles of Economics, 8th edition, Cengage Learning;
• Pindyck, R. e Rubinfeld, D. (2018), Microeconomics, 9th edition, Pearson Education;
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Teaching Methodologies and Assessment Criteria |
The classes have a theoretical-practical nature. Initially, in each session, the theoretical concepts about the correspondent programmatic contents are presented and, later, the respective practical exercises are carried out.
Students must carry out two written tests, with a 50% weighting, in order to obtain the final classification of the teaching and learning period.
Minimum score for passing the continuous assessment (teaching and learning period): score = 9.5.
Minimum score for the teaching and learning period to take the exam: score = 6.
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Language |
Portuguese. Tutorial support is available in English.
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