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Be English-friendly or any other language-friendly means that UC is taught in a language but can either of the
following conditions:
1. There are support materials in English / other language;
2. There are exercises, tests and exams in English / other language;
3. There is a possibility to present written or oral work in English / other language.
1
6.0
36.0 h/sem
0.0 h/sem
18.0 h/sem
0.0 h/sem
0.0 h/sem
0.0 h/sem
1.0 h/sem
55.0 h/sem
95.0 h/sem
0.0 h/sem
150.0 h/sem
Since year
2019/2020
Pre-requisites
Mathematics I and II and Microeconomics I (recommended)
Objectives
This course aims to develop the microeconomic analysis at the intermediate level initiated in Microeconomics I, extending and applying consumer and producer theories in different market structures to different settings: intertemporal, with risk and uncertainty, in general equilibrium frameworks and with market failures. The course contributes to reach the following sublearning goals set for the undergraduate degree in Economics: SLG41. Students will be able to identify and replicate the main points of contemporary economic theories SLG52. Students will demonstrate an understanding of the strong points but also the limitations of the models and techniques used in economics
Program
1. Consumer theory 1.1. Axioms of revealed preferences 1.2. Slutsky equation 1.3. Consumer surplus, compensating and equivalent variation 1.4. Consumer choice with initial endowment 2. Intertemporal choice 2.1. Consumer's intertemporal choice 2.2. Asset markets 3. Decision under uncertainty 4. General equilibrium theory 4.1. General equilibrium in a pure exchange economy 4.2. General equilibrium with production 4.3. Welfare theory 5. Market failures 5.1. Externalities 5.2. Public Goods 5.3. Asymmetric Information
Evaluation Method
Periodic evaluation includes the following elements: - one intermediate exam (40%) - one written exam in the end of the term (60%). In order to pass the course, the mark of each of the written exams cannot be below 7.5 pts. The final evaluation is carried out through a single final exam (100%).
Teaching Method
The course is structured in 2 class types. Lectures (T) have the main goal of presenting the structure of microeconomic theory. Practice classes (PL) are meant for conceptual discussions and problem solving, which will include graphical representation and mathematical modeling. Tutoring hours (OT) allow students to clarify specific problems.
Observations
Students are expected to participate actively throughout the semester. This means studying before classes, solving the problem sets, and complying with the course evaluation.
Basic Bibliographic
Varian, Hal R. (2014), Intermediate Microeconomics: A Modern Approach, 9th edition, New York: W.W. Norton & Company. Edição alternativa em Português: Varian, Hal R. (2010), Microeconomia intermédia, 8a edição,Verlag Dashöfer.
Complementar Bibliographic
Poderá haver leituras adicionais recomendadas para partes específicas da matéria
