Microeconomics II

Code:

1GE110

Acronym:

MIC II

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2022/2023 - 2S

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	333	Bologna Syllabus since 2012	1	-	6	63	162

Teaching language

Portuguese
Obs.: Português

Objectives

The aim of the program is to endow students of management sciences with the microeconomic foundations for managerial decision making.

 

Learning outcomes and competences

 Students should be able to think as economists in firms embedded in different market structures. They will be able to do simple cost-benefit analyzes. In models of competitive markets, students should be able to predict the entry and exit of firms and deduce the supply function of firms and of the market. They should be able to determine prices in companies with market power and identify the circumstances under which different prices may be set. They should be able to identify the reasons for public policies limiting market power. They should be able to identify the implications for business profits of the different forms of setting transfer prices in the firms. Finally, students should be able to identify business strategies of competition or cooperation in oligopolies.
Upon completion of this course students should have the ability to use concepts and theories in analyzing and solving academic problems and have the basic microeconomic tools that will be applied in the next economic courses.

Upon completion of this course students should have the ability to use concepts and theories in analyzing and solving academic problems and have the basic microeconomic tools that will be applied in the next economic courses.

 

 

Working method

Presencial

Pre-requirements (prior knowledge) and co-requirements (common knowledge)

Previous attendence of Microeconomics I is advisable.

Program

Chapter 1. Perfectly competitive markets.
Chapter 2. Market Power: Monopoly.
Chapter 3. Price decisions with market power.
Chapter 4. Imperfect competition and strategic behaviour.

Mandatory literature

David Besanko; Microeconomics. ISBN: 978-1-118-71638-0
José Mata; Economia da Empresa, Fundação Calouste Gulbenkian, 2013. ISBN: 9788-972-31-1299-3

Complementary Bibliography

Robert S. Pindyck e Daniel L. Rubinfeld; Microeconomics, Pearson, 2013. ISBN: 978-0-13-304170-5

Teaching methods and learning activities

Exposition of the topics and applications.

keywords

Social sciences > Economics > Microeconomics

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Designation	Weight (%)
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

All enrolled students can take the exam.

Calculation formula of final grade

The continuous assessment consists of three tests .

Calculation of the final classification: 25%*T1+50%*T2+25%T3


A final exam is also available as alternative to continuous assessment.     
         

Classification improvement

The improvement of the classification is possible by exam and by frequency of the curricular unit.