Microeconomics II (2 º Sem 2019/2020)

YThe Repeat Exam Grades are now on aquila, as is the exam with answers (look into “See More” – “Exams and Tests”). You can see your exam ― with marks and comments for each answer ― on MS Forms using the same links you used to take the exam. Should you have any further question please email me at jacintobraga@iseg.ulisboa.pt.
The grade sheet is here

About the Exam:

·         You take the exam via MS Forms on the 2^nd of June at 12 noon.

·         The exam has a duration of 1 hour and 20 minutes (1 hour and 50 minutes including brakes)

·         The exam consists of three parts: part 1 has 10 multiple-choice questions ― you get 0.75 marks for each correct answers and a deduction of 0.75/3 (0.25) marks for each wrong answer; part 2 has three open questions, and part 3 has two open questions, all carrying 2.5 marks each.

·         Part 1 of the exam starts at 9.00 and ends at 9.20. Part 2 starts at 9.35 and ends at 10.10, and part 3 starts at 10.25 and ends at 10.50.

·         The whole syllabus is covered in part 1, and again in parts 2 and 3.

·         To take the exam you have to enter the newly created MS team MI2-E | Época de Recurso. This is a special team newly created for the Repeat Exam only.

·         On the day of the exam, please enter your team at 11.45, and then at 12 noon we will post the exam link in Chat. You then follow that link to take the exam.

·         Special-need students will take the exam in a special Team and will receive further instructions by email.

Special norm for grade improvement (“melhoria de nota”):

§  According to 2019-20 2^nd SEMESTER RULES (“REGRAS PARA EXAMES do 2º SEMESTRE 2019-2020”), approved by ISEG on the 20^th of May 2020, “students who take the grade-improvement exam may be required to take an oral examination if their grade is 14 or higher and improves on the grade the student has previously obtained.”

§  If the oral examination takes place the grade will be decided by the lecturers and it can be up to 2 marks lower or higher than the grade in the grade-improvement exam.

Before the Exam:

Make sure you can log on to Office 365 using your ISEG credentials (get in touch with the ISEG computer helpdesk if you encounter any difficulties). You take the exam on MS Forms, therefore you need your Office 365 to work properly.

You must enter your MS Teams session on your Team at 11.45 am, 15 minutes before the exam starts, to allow us to check that you are there. This will also be the communication channel between you and us during the exam should you have any problem or should we need to provide any clarification.

Make sure you have everything you need for the exam: mobile phone, pocket calculator, and pen and paper for calculations and rough work.

During the Exam:

·         Make sure you submit your answers before the time allowed for each exam part ends. You may want to set an alarm clock to, say, 5 minutes before the time ends.

·         You can submit your answers only once in each part.

·         Report any problem you face to the invigilator on your Teams session. You may also send an email to jacintobraga@iseg.ulisboa.pt from your ISEG email (not from any other email).

The regular exam grades are now on aquila.

You have the exam paper with detailed answers on this unit webpage. Look into “See More”, “Exams and Tests”.

You can see your own answers, the grade in each of them and my comments on Forms. Follow the same links you used before to take the exam (I've resent them by email just in case you no longer have them). Note that your actual grades in Part A include a 0.25 deduction for each wrong answer. Forms does not do deductions, so the mark displayed there (just the percentage of correct answers) may not reflect you actual grade. In parts B and C, marks are out of 25 points, which corresponds to 2.5 marks. 

Looking at my comments and comparing your answers with the “official” ones you should be able to understand the grade you got. If you need further clarification, enroll for a meeting with me on Teams.

Meetings will take place on Monday, 29^th of June, from 3 pm onwards. If you need a meeting send me an email to jacintobraga@iseg.ulisboa.pt. The email must be sent  before 11.59 pm this Friday, 26^th. I will then acknowledge your request.

In the request email, indicate your name, student number, and you must use your ISEG email (same as you have on Teams).

Meetings are private, between you and me, and cannot be recorded (ISEG’s rules).

Having requested a meeting, you must then be available on Teams on Monday the 29^th from 3 pm. I will then contact you to start the meeting. Enrolled students will be contacted in alphabetical order.

All the best

Jacinto

About the Exam:

You take the exam via MS Forms on the 4^th of June at 9 am.

The exam has a duration of 1 hour and 20 minutes (1 hour and 50 minutes including brakes)

The exam consists of three parts: part 1 has 10 multiple-choice questions ― you get 0.75 marks for each correct answers and a deduction of 0.75/3 (0.25) marks for each wrong answer; part 2 has three open questions, and part 3 has two open questions, all carrying 2.5 marks each.

 Part 1 of the exam starts at 9.00 and ends at 9.20. Part 2 starts at 9.35 and ends at 10.10, and part 3 starts at 10.25 and ends at 10.50.

The whole syllabus is covered in part 1, and again in parts 2 and 3

 All students taking the exam will receive in their ISEG email the links for the exam a few days before the exam. The links will become active only on the appointed date and time.

There will be different links for each theoretical class group. On the day of the exam make sure you access the links you received by email. On the day of the exam the links will also be available on Teams in you theoretical class group.

 If you have not received your exam links by Tuesday the 2^nd of June, please contact us

Special-need students have 10 extra minutes in each part, will take the exam in a special Team, and will receive further instructions by email.

Before the Exam:

Make sure you can log on to Office 365 using your ISEG credentials (get in touch with the ISEG computer helpdesk if you encounter any difficulties). You take the exam on MS Forms, therefore you need your Office 365 to work properly.

You must enter your MS Teams session on your theoretical class group ― MI2 AO2 (theoretical), MI2 AO1 (T) or MI2-E B01 (Theoretical) ― to allow us to check that you are there. This will also be communication channel between you and us during the exam should you have any problem or should we need to provide any clarification.

Make sure you have everything you need for the exam: mobile phone, pocket calculator, and pen and paper for calculations and rough work.

During the Exam

 Make sure you submit your answers before the time allowed for each exam part ends. You may want to set an alarm clock to, say, 5 minutes before the time ends.

You can submit your answers only once in each part.

Report any problem you face to the invigilator on your Teams session. You may also send an email to carlosfr@iseg.ulisboa.pt from your ISEG email (not from any other email).

Welcome to Microeconomics II. This unit takes up where Microeconomics I left off. In Micro I we studied perfect competition. In Micro II we start with monopoly and imperfect competition; then game theory, which is an important tool in the study of imperfect competition. Then choice under uncertainty, and several situations where free markets fail to reach efficiency.

In this page will find lots of information and support material: syllabus, assessment rules, bibliography, exercises, and tests and exams from previous years. So, explore and acquaint yourself with this unit.

I hope you will enjoy this unit. Best wishes and see you in class.