Microeconomics I (1 º Sem 2019/2020)

There are two assessment options in Microeconomics I: continuous assessment and the repeat exam. We strongly recommend you take continuous assessment, as it involves work throughout the semester, so making it easier for you to successfully learn. Besides if you take continuous assessment and fail you can still take the repeat exam; if you pass the continuous assessment you can also take the repeat exam to improve your grade.

Continuous Assessment

Continuous assessment consists of a midterm test, class questions, and the regular exam ("época normal"). All three components are compulsory: if you do not take at least two class questions or the midterm test you will not be allowed to take the regular exam. To pass this unit you must have at least 7.5 marks (out of 20) in both the midterm test and the exam and 10 overall. If you have less than 7.5 in the midterm test you can no longer take the regular exam. If you have at least 7.5 marks in the midterm test and the exam your final grade will be an average with 45% weight for the midterm test, 10% for the class questions, and 45% for the exam; if you have less than 7.5 marks in the exam, your final grade is simply the exam mark. If you are registered at the university as a working student ("trabalhador estudante") you may choose to do continuous assessment without the class questions, in which case the weights in your final grade are 50% for the midterm test and 50% for the exam; all the rest is the same.

The midterm test is a 90-minute test, consisting of multiple-choice questions and open exercises. It will take place between the 25th and 31st of October. We will let you know the topics covered in the test in due time.

The class questions are short questions you answer in classes. You can have a question in any class; there will be no advance warning. How many questions there will be in total is not defined yet. Let's say there will be N questions. To qualify for continuous assessment you have to answer at least 2 questions, and your class questions mark will be the average of your best N - 2 answers.

The regular exam is a 90-minute exam of the same type as the midterm test, that is, consisting of  of multiple-choice questions and open exercise. It  will cover only the topics not previously covered in the midterm test.

Repeat Exam

Students who choose not to take part in continuous assessment can take the repeat exam ("época de recurso"). If you take the continuous assessment and fail you can take the repeat exam too. Your marks in the class questions and midterm test will count towards your final mark with the same weights as in continuous assessment if they improve on your mark in the repeat exam and as long as you have 7.5 marks in the exam. If you pass under continuous assessment you can still take the repeat-period exam to improve your grade (you need to register for the exam at the Undergraduate Office in this case, but not if you have not passed yet). The marks in your class questions and midterm test will no longer count in this case.

What you can and cannot use in the class questions, test, and exam

In the class questions, test, and exam s you can use non-graphical calculators only. It is your responsibility to bring one with you; you cannot use graphical calculators, even if they have nothing stored in memory and you have no other calculator with you. Exams and test are closed book: you must not look up any aid materials. All graphical calculators, mobile phones, tablets, and computers must be switched off and out of the way.

Fraud

Fraud in any assessment is punishable under Article 12 of ISEG's General Regulations for Assessment of Undergraduate Degrees, Students Disciplinary Regulations of the University of Lisbon.