Economics II

Business Administration, Publication in the Diário da República - Despacho nº 3393/2016 - 04/03/2016

4 ECTS; 1º Ano, 2º Semestre, 45,0 TP

Lecturer
- Sérgio Paulo Leal Nunes

Prerequisites
Not applicable

Objectives
Students should be able to: a) master basic microeconomic concepts, theories and models; b) Identify, analyse and solve economic problems

Program
1. INTRODUCTION
1.1. What is the economy?
1.2. The scarcity problem and economic goods
1.3. The interdisciplinarity of the economy
1.4. Notes on economic analysis techniques
2. DEMAND and SUPPLY
2.1. Graphical analysis of demand and supply
2.2. Elementary demand theory
2.3. Elementary supply theory
2.4. Elementary price theory
3. ELASTICITY
3.1. The concept, graphic representation and numerical analysis
3.2. The elasticity of demand
3.3. The elasticity of supply
3.4. Cross elasticity
3.5. Elasticity and sales
4. THEORY OF THE FIRM
4.1. The company and profit maximization
4.2. The production function
4.3. The cost functions
5. MARKET STRUCTURES
5.1. The perfect competition
5.2. Imperfect competition

Evaluation Methodology
Assessment should not be considered as the main objective of the learning process. It should only be taken (albeit inevitable) as one of its consequences.
The assessment will take the form of an “assessment portfolio”.
The student has the possibility to build, through monographs, reports, essays, reflections, integration in applied research projects, etc., up to 50% of his final grade.
The weighting of each evaluation moment is decided by the student, duly guided by the teacher.
The aim is for the student to take an active and responsible part in his evaluation, within a limit considered scientifically and pedagogically reasonable.
The continuous evaluation will therefore be supported by the following components:
• The classification obtained in the frequency (carried out on the last day of classes of the semester): (50-100% of the global quotation);
• The presentation and discussion of practical work, developed individually (or in groups): (0% -50%) of the global quotation).

Bibliography
- Samuelson, P. e Nordhaus, W. (2013). Economia. Lisboa: Mc Graw Hill
- Frank, R. e Bernanke, B. (2013). Princípios de Economia. Lisboa: McGraw-Hill
- Krugman, P. e Wells, G. (2014). Essentials of Economics. New York: Worth Publishers

Method of interaction
Course content is delivered through lectures, case study analysis and applied exercises.

Software used in class
Not applicable