Teaching Methodologies
In classes with a mixed character (both theoretical and practical), the theoretical knowledge will be explained and combined with practical cases of exercise solving.
Learning Results
This subject aims at developing the student’s skills regarding mainly the following economic analysis issues:
– Identify and understand the basic principles of economics;
– Apprehend the fundamental economic concepts and apply economic rationality.
– Understand the market operating mechanisms in a perfect competition set
– Identify the main causes and effects resulting from changes in supply and demand, within market equilibrium.
– Understand and comprehend the main drivers of market’s perfect and imperfect competition
– Understand consumer behaviour
Program
0. Introduction
0.1 – Course presentation
0.2 – The main economic issues
Chapter I – Demand, Supply and Prices
Demand curve
Supply curve
Market equilibrium
Chapter II – Consumer behaviour theory
2.1. Consumer’s rational choice
2.2. Individual and market demand
2.3. Consumer surplus
Chapter III – Firm theory
3.1. Production
3.2. Costs
Chapter IV – Perfect competition
4.1. Profit maximization
4.2. Optimal production level
Chapter V – Imperfect competition
5.1. Market power origins
5.2. Monopoly
5.3. Other forms of imperfect competition
Internship(s)
NAO
Bibliography
Frank, R. H. (2006) “Microeconomia e Comportamento”, McGraw Hill, 3a ed.
Samuelson, P. e Nordhaus, W. (2005), “Microeconomia”, McGraw Hill, 18a ed.
Samuelson, P. e Nordhaus, W. (2005), “Economia”, McGraw Hill, , 18a ed.