2023
Economic Decision Analysis
Name: Economic Decision Analysis
Code: ECN02362L
6 ECTS
Duration: 15 weeks/156 hours
Scientific Area:
Economy
Teaching languages: Portuguese
Languages of tutoring support: Portuguese, English
Regime de Frequência: Presencial
Sustainable Development Goals
Learning Goals
The main goal of the course is to provide an integrated approach to the process of taking economic decisions by the economic agents in the most relevant situations, i.e. certainty, risk and uncertainty.
In terms of professional skills, the course provides the capacity to analyse the economic activity in its diverse dimensions as well as the contact with the definition and execution of applied research in several economic aspects. In terms of general skills, the course provides capacities of adaptability, independent reasoning, and decision and innovation. In terms of specific skills, the course contributes for the solid knowledge of the fundaments of Economics in its several approaches as well as for being able to use some tools of quantitative economic analysis.
In terms of professional skills, the course provides the capacity to analyse the economic activity in its diverse dimensions as well as the contact with the definition and execution of applied research in several economic aspects. In terms of general skills, the course provides capacities of adaptability, independent reasoning, and decision and innovation. In terms of specific skills, the course contributes for the solid knowledge of the fundaments of Economics in its several approaches as well as for being able to use some tools of quantitative economic analysis.
Contents
1. DECISION ANALYSIS UNDER CERTAINTY
1.1. The Case of One Single Decision Agent
1.1.1. Decision Theory
1.1.2. Economic Applications
1.2. The Case of One Single Decision Agent
1.2.1. Decision Theory
1.2.2. Economic Applications
2. DECISION ANALYSIS UNDER RISK
2.1. Decision Theory
2.2. Economic Applications
2.2.1. A political economics case
2.2.2. A budgetary policy case
2.2.3. A financial economics case
3. DECISION ANALYSIS UNDER UNCERTAINTY
3.1. Decision Theory
3.2. Economic Applications
3.2.1. An economic planning case
1.1. The Case of One Single Decision Agent
1.1.1. Decision Theory
1.1.2. Economic Applications
1.2. The Case of One Single Decision Agent
1.2.1. Decision Theory
1.2.2. Economic Applications
2. DECISION ANALYSIS UNDER RISK
2.1. Decision Theory
2.2. Economic Applications
2.2.1. A political economics case
2.2.2. A budgetary policy case
2.2.3. A financial economics case
3. DECISION ANALYSIS UNDER UNCERTAINTY
3.1. Decision Theory
3.2. Economic Applications
3.2.1. An economic planning case
Teaching Methods
The process of teaching and learning is based on the presentation of the decision theory needed for the understanding of the several economic applications.
The continuous assessment modality is based on the accomplishment of two (closed-books) written tests. The first of these tests focuses on Chapter 1 of the program, lasts 90 minutes, and is worth 60%, while the second test focuses on Chapters 2 and 3 of the program, lasts 60 minutes and is worth 40%.The modality of assessment by exam is based on a single (closed-books) written test covering all the three chapters, and it lasts 150 minutes.
The continuous assessment modality is based on the accomplishment of two (closed-books) written tests. The first of these tests focuses on Chapter 1 of the program, lasts 90 minutes, and is worth 60%, while the second test focuses on Chapters 2 and 3 of the program, lasts 60 minutes and is worth 40%.The modality of assessment by exam is based on a single (closed-books) written test covering all the three chapters, and it lasts 150 minutes.
Teaching Staff
- António Bento Ratão Caleiro [responsible]
Certificações
