Cursos / 2º Ciclo / Faculty of Economy and Business Management :: Economics

MICROECONOMIA - 2016/2017

1º curricular year
Semestralidade: 2nd semester
ECTS: 7.5

Teachers

Leading Teacher: Prof. Doutora Erika Laranjeira
Assistant Professor: Prof. Doutora Erika Laranjeira

Class type and School hours

Teaching Language

Portuguese

Main Aims/Objectives

The aim of this course is to provide Advanced Microeconomics tools to analyze economic problems.

Specific Aims/Objectives

Through the course of Microeconomics it is intended that students can understand, in detail, the objectives and behaviors of the two principal economic agents: consumers and producers.

Skills to be acquired

At the end of the course, students should be able to understand and formalize fundamental concepts of microeconomic theory.

Teaching Procedures

In practical classes the exposed material is always accompanied by an illustration with real cases. The tutorial lessons are designed to clarify questions and practical discussion of the issues taught in practical classes. It will be shown to students appropriate readings within the Course Bibliography as a way to complement the content transmitted in class.

Programme

1. Consumer Theory
1.1. Consumer choices in a certainty context
1.1.1. Utility maximization - primal analysis
1.1.2. Spending Minimization - dual analysis
1.1.3. Marshallian Demand and Hicksian Demand
1.1.4. Indirect Utility Functions and Expenditure
1.1.5. Price effect, income effect and substitution effect
1.1.6. Equivalent and Compensated Variation
1.2. Consumer choices in an uncertainty context
1.2.1. Risk aversion measures
1.2.2. Fair games and preferences for the expected utility
2. Theory of Production
2.1. Demand for inputs
2.2. Total Costs
2.3. Profit

Evaluation Type

The evaluation is in accordance with the "Regulamento Geral de Avaliação de Conhecimentos para o 2o Ciclo de Estudos da Universidade Lusíada". Accomplishment, presentation and discussion of research work, more a final exam with a rating of 60% and 40% respectively.

Teaching Resources

Material provided in classes and recommended bibliography.

Sustainability Objectives

Keywords

Utility
Expected utility
Cost function
Profit
Uncertainty
Risk

Main Bibliography

Complementary Bibliography