Microeconomics I (1 º Sem 2020/2021)

Overview

Assessment consists of an optional midterm test and an exam at the end of term. The test has a 55% weight in your final grade, but you must achieve at least 7.5 (out of 20) in both test and exam. Test and exams consist of multiple choice and open questions as in previous years. The test will cover all consumer theory and has a maximum duration of 70 minutes. It is an in-person test and takes place in a Thursday class: on 5^th of November for some of you, on the 12^th of November for the others. As usual there is the regular exam and the repeat exam.

 Regular exam

The regular exam has a Part A on producer theory and exchange (the topics not covered in the midterm test) and a Part B on consumer theory (the topics covered in the test). If you took the test and got at least 7.5 you have the option of taking Part A only (up to an hour); otherwise you must take the whole exam (two hours).

If you took the test and got at least 7.5 and decide to take part A only, you have up to an hour to do it and return your answers to the invigilator (Part A is a little shorter than Part B). After you have done this you can leave the room. Or you can stay and work on Part B; if you then also return the answers to Part B, these will replace the midterm test, and your grade will simply be the exam grade; if you do not wish to return the answers to Part B, you can do so at any moment and leave the room; in this case your midterm test will count with 55% weight, and the exam with 45%.

 Repeat exam

This is a two-hour exam, just like the regular exam. If you took the midterm test, it will count with 55% weight if it improves on your exam grade; if you get a higher grade in the exam than in the test, the test will not count.

What you can and cannot use during tests and exams

In every test and exam 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 or if you have no other calculator with you. 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, Student Disciplinary Regulations of the University of Lisbon, and the general law, namely the Código dos Direitos de Autor e dos Direitos Conexos (copyright and related rights).