Nova School of Business and Economics Universidade Nova de

Nova School of Business and Economics
MICROECONOMICS
Universidade Nova de Lisboa
FALL 2011
Instructor: Mário Páscoa, office 342
Program:
Producer Theory: technology, cost functions, short and long run decisions,
supply and factor demand in competitive settings.
Factor Markets.
Consumer Theory: preferences, budget-constrained choices, demand, Slutsky
equation without and with endowments, consumer’s surplus, market demand
and equilibrium. Intertemporal choice. Choice under uncertainty.
Introduction to General Equilibrium: pure exchange.
References: Varian, H., Intermediate Microeconomics, 5th edition, W.W. Norton & Company
Evaluation:
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one final exam and 2 in class one-hour intermediate exams
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the final grade will be max {A, 0.9A+0.1B} where A stands for the weighted average of the exams
with 55% weight on the final and B stands for class participation.