Microeconomics II

Code:

LGE108

Acronym:

MIC II

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2005/2006 - 2S

Active?	Yes
Web Page:	http://www.fep.up.pt/disciplinas/lge108
Responsible unit:	Grupo de Economia
Course/CS Responsible:	Business Administration

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
GES	244	Official Curricular Structure since 2004	1	3		-

Objectives

To provide the basic economic concepts vital for managerial decision making and for understanding public policy

Program

1 - Production
1.1 Production function with a single input
1.2 Production function with more than a one input
1.3 Returns of scale
1.4 Technological Progress
2 – Costs and Cost Minimization
2.1 Cost concepts
2.2 Cost Minimization Problem in the Long Run
2.3 Cost Minimization Problem in the Short Run
2.4 Long-Run Cost Curves
2.5 Short-Run Cost Curves
3 – Perfect Competitive Markets
3.1 Profit Maximization
3.2 Price Determination in the Short-Run
3.3 Price Determination in the Long-Run
3.4 Applications
3.4.1 Incidence of a Tax
4 - Monopoly
4.1 Profit Maximization
4.2 Price Elasticity of Demand and the Profit Maximizing Price
4.3 Market Power: Lerner Index
4.4 Shifts in the Demand
4.5 Multiplant Monopoly
4.6 Price Discrimination
4.7 Regulation
4.8 Natural Monopoly
5 - Monopolistic Competition

Main Bibliography

Microeconomics, Robert S. Pindyck and Daniel L. Rubinfeld. Prentice-Hall, Inc. New Jersey, 5ª. Ed. 2000.

Complementary Bibliography

Microeconomics and Behavior, Robert H. Frank. McGraw-Hill. Portugal, 3.ª ed. 1998
Microeconomics, David Besanko and Ronald R. Braeutigam. John Wiley and Sons 2002
Microeconomics, Stephen Dobson, G. S. Maddala, and Ellen Miller. McGraw-Hill, Inc. 1989
Economcis of the Firm, José Mata. Fundação Calouste Gulbenkian 2000.

Teaching methods and learning activities

Classes based on materials provided to studentes: applied examples and matematical problems to be solved by them

Evaluation Type

Eligibility for exams

Students who decide continuous evaluation have to attend 2/3 of the classes

Calculation formula of final grade

Minitests:30% and Exam 70%