Microeconomics I

Code:

1GE105

Acronym:

MIC I

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2022/2023 - 1S

Active?	Yes
Responsible unit:	Agrupamento Científico de Economia
Course/CS Responsible:	Bachelor in Business Administration

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
LGES	285	Bologna Syllabus since 2012	1	-	6	63	162

Teaching language

Portuguese

Objectives

The main objective of the course is to teach how Economics is useful for decision making by managers. We hope that at the end of the course students will have the basic microeconomic tools that will be applyied in the next economic courses.

Learning outcomes and competences

We hope that at the end of the course students will have the basic microeconomic tools that will be applyied in the next economic courses. 

Working method

Presencial

Program

1. Introduction to Microeconomics: Economics and managerial decision making; Economic models. 2. Demand and Supply analysis. 3. Consumer preferences and consumer choice. 4. The theory of demand. 5. Inputs and production functions. 6. Costs and cost minimization. 7. Cost curves.

Mandatory literature

José Mata; Economia da Empresa - 7ª edição, Fundação Calouste Gulbenkian, 2011. ISBN: 978 972 31 1299 3
D. Besanko e R. Braeutigam; Microeconomics - 4ª edição, Wiley, 2011. ISBN: 978 0470 64606 9

Complementary Bibliography

H. Varian; Microeconomia Intermédia - 8ª edição, Verlag Dashofer, 2011. ISBN: 978 989 642 080 2
P. Krugman e R. Wells; Microeconomics - 2ª edição, Worth Publishers, 2009. ISBN: 978 0716 77159 3
M. Cristina Barbot, A. Castro, A. Dias e Rafael Silva ; Microeconomia - Exercícios, MacGraw-Hill, 1997. ISBN: 972 8298 51 X
D. Henriques e Teresa Vasconcelos e Sousa; Introdução à Microeconomia - Livro de exercícios, Escolar editora, 2011. ISBN: 978 972 592 327 6
José Mata; Exercícios de Economia da Empresa, Fundação Calouste Gulbenkian, 2012. ISBN: 978-972-31-1463-8
Micaela Pinho; Microeconomia - Teoria e Prática Simplificada - 2ª edição, Edições Sílabo, 2013. ISBN: 978 972 618 732 5

Teaching methods and learning activities

Theoretical and applyied lectures.

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Designation	Weight (%)
Participação presencial	0,00
Teste	100,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	103,50
Frequência das aulas	58,50
Total:	162,00

Eligibility for exams

Students can do two tests (50% each) or make the final exam. If they choose tests they must attend to 75% of the classes.

Calculation formula of final grade

Distribution assessment: two tests - 50% each. Final exam: mark of the exam.

Classification improvement

2nd exam.