Microeconomia, Incerteza e Informação

This curricular unit aims to familiarize students with the main problems studied by Microeconomics, including an introduction to problems of uncertainty and information asymmetry.

At the end of this course, the student will have acquired knowledge, skills and competences that will allow him to:

Explain the concept of utility and how rational agents make consumption choices.

Explain the interaction between supply and demand and the way in which equilibrium market prices are determined.

Explain the elasticity of supply and demand and their effects on the market.

Explain the main economic concepts involved in the choices made by companies in relation to production.

Explain how perfectly competitive markets and monopolies work (including different pricing strategies).

Explain the theory of expected utility and the way rational agents make choices in a context of uncertainty.

Explain the concepts of moral hazard and adverse selection and discuss its consequences.