Business Economics and Competition
Accreditations
Programme Structure for 2024/2025
Curricular Courses | Credits | |
---|---|---|
Valuation of Projects and Firms
6.0 ECTS
|
Parte Escolar > Mandatory Courses | 6.0 |
Decision, Strategic Interaction, and Contracts
6.0 ECTS
|
Parte Escolar > Mandatory Courses | 6.0 |
Business Economics and Strategy
6.0 ECTS
|
Parte Escolar > Mandatory Courses | 6.0 |
Global Economics and Internationalization Strategies
6.0 ECTS
|
Parte Escolar > Mandatory Courses | 6.0 |
Methods and Quantitative Techniques for Economics
6.0 ECTS
|
Parte Escolar > Mandatory Courses | 6.0 |
Industrial Economics
3.0 ECTS
|
Parte Escolar > Mandatory Courses | 3.0 |
Human Resources and Labour Economics
3.0 ECTS
|
Parte Escolar > Mandatory Courses | 3.0 |
Competition Policy and Regulation
6.0 ECTS
|
Parte Escolar > Mandatory Courses | 6.0 |
Seminar on Business Economics and Competition
12.0 ECTS
|
Parte Escolar > Mandatory Courses | 12.0 |
Master Dissertation in Business Economics and Competition
48.0 ECTS
|
Final Work | 48.0 |
Project in Business Economics and Competition
48.0 ECTS
|
Final Work | 48.0 |
Valuation of Projects and Firms
At the end of this learning unit?s term, the student must be able to:
1. Describe the concept of business profitability and to compute and analyze the more relevant profitability ratios, linking profitability with the firm?s capital structure;
2. Analyze the financial condition of a firm, and to compute and analyze the most relevant financial ratios;
3. Compute and describe the concept of cash flow in capital investment valuation;
4. Apply and understand the main valuation criteria used in capital investment analysis;
5. Understand the interlink between the processes of investment and financing decisions;
Extend the use of the investment project techniques to estimate the entire firm value.
I - Financial Analysis
1. Income and profitability ratios
2. Financial leverage
3. Sources and applications of funds
4. Working capital
5. Solvency
6. Cash flow analysis
II - Capital Investments
1. The concept of the project?s cash flow map
2. Valuation methodology
3. The discount rate
4. Valuation criteria: NPV, IRR, PI and PAYBACK
5. Mutually exclusive projects
III - Capital Structure
1. The structure of capital and the firm?s value
2. Adjusted valuation of capital investments
IV ? Firm valuation
1. Methods of firm valuation
2. Free cash flow
3. Multiple growth rates for cash flows
Assessment throughout the semester
- Individual and group written reports and oral presentations (40%).
- Final test (60%).
- Both evaluations have a minimum grade of 7.5.
- Minimum class attendance is 70%.
Evaluation by Exam
- The exam accounts for 100% of the final grade.
Title: Mota, A., Barroso, C., Soares, H., e Laureano, L. (2023). Introdução às Finanças - Fundamentos de Finanças com Casos Práticos Resolvidos e Propostos. 4ª Edição, Edições Sílabo, Lisboa
Mota, A, Barroso, C., Nunes, J., Oliveira, L., Ferreira, M., e Inácio, P. (2020). Finanças da Empresa. 6ª edição, Edições Sílabo. Lisboa
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Title: Ross, S. Westerfield, R., Jaffe, J., & Jordan, B. (2022). Corporate Finance. 13th Ed., McGraw-Hill
Damodaran, Aswath, Damodaran Online (http://people.stern.nyu.edu/adamodar/)
Brealey, R., Myers, S., & Allen, F. (2019). Principles of Corporate Finance. 13th Ed., McGraw-Hill
Berk, J., & DeMarzo, P. (2023). Corporate Finance. 6th Ed., Pearson
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Decision, Strategic Interaction, and Contracts
At the end of the course, students should be able to:
LO1. Know the main concepts of oligopoly models, games theory and contracts;
LO2. Apply theoretical knowledge to the real economic analysis.
S1. Oligopoly and Strategic Interaction
S2. Games Theory and Strategic Interaction
S3. Economics of Contracts
The evaluation of the unit takes place in two periods: Regular (1.st Season) and Re-sitting (2.nd Season).
a) Regular Season:
Assessment throughout the semester:
- Minimum of 2/3 attendance
- Group work: 40%, whose mark cannot be below 7,5v. in order to get a positive grade
- Written test: 60%, whose mark cannot be below 7,5v. in order to get a positive grade
b) Re-sitting: Written exam (100%)
Title: Pindyck, R.S. e D.L. Rubinfeld, Microeconomics, 2018, 9th Ed., England, Pearson Education Limited.,
Dixit, Avinash; Skeath, Susan; Reiley Jr., David H., Games of Strategy, 2014, 4th edition, W.W. Norton & Company.,
Watson, J., Strategy: An introduction to game theory, 2013, 3rd edition, W.W: Norton & Company.,
Gibbons, R., A Primer in Game Theory, 1992, Pearson Education.,
Rasmusen, E., Games and Information: An introduction to game theory, 2007, 4th edition, Blackwell Publishing.,
Laffont, J.J.; Martimort, D., The theory of incentives: the principal-agent model, 2002, Princeton University Press.,
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Title: Frank, R., Microeconomics and Behavior, 2021, 10th Ed, New York: McGrawHill.,
Mas-Colell, A.; Whinston, M.D.; Green, J.R., Microeconomic Theory, 1995, Oxford University Press.,
Varian, H., Intermediate Microeconomics, 2014, 9th Ed., London: W.W. Norton Company.,
Maschler, M.; Solan, E.; Zamir, S., Game Theory, 2013, Cambridge University Press.,
Campbell, D., Incentives: motivation and the economics of information, 2018, 3rd Ed., Cambridge Press.,
Macho-Stadler, I.; Perez-Castrillo, J.D., An introduction to the economics of innovation: incentives and contracts, 2005, 3rd edition, Oxford University Press.,
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Business Economics and Strategy
The exploration of the economics of strategy will enable the student to understand and critically discuss the following issues:
LG1. Why the firm exists, how it is organised and what is a company for;
LG2. Context appraisal, market analysis and competition evaluation;
LG3. Horizontal and vertical boundaries of the firm;
LG4. Analysing and evaluating market position and business models;
LG5. Create, sustain and evolve competitive advantages
P1: FIRM BOUNDARIES
1 The Power of Principles: An Historical Perspective
2 The Horizontal Boundaries of the Firm
3 The Vertical Boundaries of the Firm
4 Integration and Its Alternatives
P2: MARKET AND COMPETITIVE ANALYSIS
5 Competitors and Competition
6 Entry and Exit
7 Dynamics: Competing Across Time
8 Industry Analysis
P3: STRATEGIC POSITION AND DYNAMICS
9 Strategic Positioning for Competitive Advantage
10 Information and Value Creation
11 Sustaining Competitive Advantage
P4: INTERNAL ORGANIZATION
12 Performance Measurement and Incentives
13 Strategy and Structure
This course can be concluded through:
I - Continuous assessment
1- Exam: 60% (minimum grade: 8,5 val)
2- Individual problem sets: 20%
3- Class Participation: 20%.
II - Final assessment
1 - Exam: 100%
Title: - Besanko, D. (2013), Economics of Strategy, 6th edition Wiley.
- Porter, M. (1998), Competitive Strategy: Techniques for Analyzing Industries and Competitors, New York: The Free Press.
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Title: - Shapiro, C. e H. Varian (1998), Information Rules: A Strategic Guide to the Network Economy.
- Geroski, P. (2003), The Evolution of New Markets, Oxford: Oxford University Press.
- Cunha, M.P., J.V. Cunha e S. Mendonça (2010), Empresa, Progresso e Contestação: O Primeiro Século de Estudos Organizacionais, Lisboa: Sílabo.
- Foss, N. J. (1993). Theories of the firm: contractual and competence perspectives. Journal of Evolutionary Economics, 3(2), 127-144. http://doi.org/10.1007/BF01213830
- John Kay (2018) Theories of the Firm, International Journal of the Economics of Business, 25:1, 11-17, DOI: 10.1080/13571516.2017.1402468
- Gibbons, R. (2005). Four formal(izable) theories of the firm? Journal of Economic Behavior & Organization, 58(2), 200-245. http://doi.org/10.1016/J.JEBO.2004.09.010
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Global Economics and Internationalization Strategies
At the end of this learning unit, the student must be able:
LG1. To know the main tendencies in the international economic environment
LG2. To discuss the key dimensions of performance of the firm in an international environment and critically discuss relevant case studies
P1. International Economic Environment and Internationalization Process - a general mapping
P2. World Economy in Big Numbers
P3. Main Risks of the Internationalization Process: cultural risk and country risk
P4. Economic Diplomacy
P5. Market Selection and Analysis
P6. Business Internationalization - Case Studies
Approval in this curricular unit can be obtained in two ways:
I. Assessment throughout the semester including the following elements:
- Individual test: 60%.
- Group work: 40% (resulting from written report and discussion in class)
II - Final evaluation corresponding to an exam (100%)
Title: Crespo, N. e Tomás, M. J. (2017) Internacionalização da Economia Portuguesa - Casos de Sucesso Empresarial?, Ed. Circulo de Leitores, col. Temas e Debates.
Cavusgil, S., G. Knight e J. Riesenberger (2016), International Business ? The New Realities, 5ª edição, Pearson.
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Title: Outros textos a mencionar pela equipa docente.
Crespo, N. e Simoes, N. (2021). ?Uma Viagem ao Mundo das Ideias Económicas - 100 questões para entender a economia?, Actual Editora (Lisboa, Portugal).
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Methods and Quantitative Techniques for Economics
The curricular unit intends to provide the students with knowledge that allows to:
- Understand the importance of the use of econometric techniques in economics contexts;
- Identify and understand the several types of economic data;
- Understand the main statistical concepts;
- Identify and understand the several types of microeconometric models and their applicability conditions;
- Recognize the most adequate model for a given problem in study taking into account the available data;
- Estimate microeconometric models using the statistical/econometric softwares;
- Interpret the results of the several microeconometric models in a critical way;
- Elaborate a report with the main conclusions of the estimated models.
- Present orally the results of the estimated models.
1. Introduction
1.1. What is econometrics
1.2. Economic model and econometric model
1.3. The residual in an econometric model
1.4. Structure of the economic data
1.5. Notion of causality
2. Statistical concepts
2.1. Population and sample
2.2. Types of variables
2.3. Location and dispersion measures
2.4. Notion of probability
2.5. Notion of random variable
2.6. Distribution and probability functions
2.7. Some most important theoretical distribution
2.8. Point and interval estimation
2.9. Hypothesis tests
3. Linear regression model
3.1. The simple linear regression model
3.2. Estimation of the model by the OLS method
3.3. The multiple linear regression model
3.4. Assumptions of the multiple linear regression model
3.5. Model specification
3.6. Relaxing the assumptions of the model
3.7. Goodness of fit and diagnosis of the model
4. Regression models of qualitative dependent variable
4.1. Probit
4.2. Logit
4.3. Multinomial
The evaluation comprehends two components: Evaluation throughout the semester and Final Exam.The Evaluation throughout the semester comprises the following:
1.Report (in group) applying the econometric models mentioned in the program and oral presentation (50%)
2.Final test (50%)
Students should obtain a minimum of 8 in each component of the Evaluation throughout the semester. A Final Exam evaluation is available to those that do not pass in the Evaluation throughout the semester. The mark of this evaluation only includes this exam.
Title: Wooldridge, Jeffrey M. (2008), Introductory Econometrics: A Modern Approach (4th edition), South-Western Cengage Learning.
Pindyck, Robert S., e Daniel L. Rubinfeld (2000), Econometric Models and Economic Forecasts (4th edition), McGraw-Hill.
Folhas de apoio elaboradas pelos docentes e distribuídas ao longo das aulas.
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Title: Studenmund, A.H. (2010), Using Econometrics: A Practical Guide (6th edition), Prentice Hall.
Gujarati, Damodar N. (2008), Basic Econometrics (5th edition), McGraw-Hill/Irwin.
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Industrial Economics
At the end of this learning unit?s term, the student must be able:
LG1 - Learning key factors that affect industry dynamics and the role of innovation
LG2 - Learning key factors that affect the evolution of markets and the role of public policies
PC1 Elements of economic analysis of Innovation and Types and Models of Innovation
PC2 Sectorial innovation in the context of global economy; Cooperation networks for innovation
PC3 Map, measure and monitor Innovation and sectoral dynamics
PC4 Industrial dynamics, sectoral evolution and market structure
PC5 R & D Policy, Innovation Policy and sectoral dynamics; Industry 4.0 and the new sectoral dynamics
Each student should acquire analytical, information gathering, and written communication skills, according to the established learning goals.
The following teaching-learning methodologies (TLM) will be used:
1. Expositional, for presentation of the theoretical reference frames;
2. Participative, with analysis of real situations;
3. Active, with the realization of individual assignment;
4. Self-study, related with autonomous work by the student.
|
Group work: 100%
Other assessement periods - Written Test
Title: Geroski, P. (2003). The Evolution of New Markets. New York: Oxford University Press.
Fagerberg, J., D.C. Mowery, and R.R. Nelson (eds) (2004), The Oxford Handbook of Innovation, Oxford: Oxford University Press.
Church, J. and R. Ware (2000), Industrial Organization - a strategic approach, McGraw-Hill.
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Title: Artigos de revistas científicas, em particular das revistas Research Policy, Industrial and Corporate Change, Economics of Innovation and New Tecnology, Technological Forecasting and Social Change, etc.
Capítulos de livros recomendados
Relatórios de instituições nacionais e internacionais de política pública
Literatura complementar
Shepherd, W.G. (1997), The Economics of Industrial Organization, 4ª ed., Prentice Hall.
Jacobson, D. e Andréosso, B. (2005), Industrial Economics and Organization - A European Perspective, McGraw-Hill.
Leão, P. (2011), Economia dos Mercados e da Empresa, Escolar Editora.Complementar
Tremblay, V. e Tremblay, C. (2012), New Perspectives on Industrial Organization , Springer.
Hall, B. and N. Rosenberg (2010), Handbook of the Economics of Innovation, North Holland: Elsevier.
Godinho, Manuel Mira (2013), A Inovação em Portugal, Lisboa: Fundação Francisco Manuel dos Santos.
Fagerberg, J., D.C. Mowery, and R.R. Nelson (eds) (2004), The Oxford Handbook of Innovation, Oxford: Oxford University Press.
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Human Resources and Labour Economics
At the end of this learning unit, the student must be able:
LG1: Know and understand the key issues with respect to hiring and turnover/layoffs;
LG2: Know and understand the key issues with respect to the definition of pay, incentives, and other other working conditions given to the workers of a given company;
LG3: Understand how a firm can organize their human resources in order to better explore the complementaries between workers in terms of their skills.
LG4: Know and understand the key determinants of the decision of being in entrepreneurship/self-employment vs. wage employment
PC1. Hiring strategies
PC2. Pay and other incentives
PC3. Pay and other working conditions
PC4. Human capital
PC5. Labour turnover
PC6. Teams
PC7. Entrepreneurship/Self-employment
For the students in periodic assessment, evaluation is done through an Individual assignment (100%)
For the students in final assessment, evaluation will be done through an exam (100%).
Title: Crespo, N. e Simoes, N. (2022), Mercado de Trabalho em Portugal ? Do Salário Mínimo ao Teletrabalho, Actual Editora (Lisboa: Portugal).
Parker, S. (2018), The Economics of Entrepreneurship, 2ª edição, Cambridge University Press.
Lazear, E. e Gibbs, M. (2014), Personnel Economics in Practice, New York: John Wiley & Sons.
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Title: Borjas, G. (2020), Labor Economics, 8ª Edição, McGraw-Hill.
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Competition Policy and Regulation
By the end of the semester students must have developed the following skills (learning goals):
- Knowledge and understanding of the main goals of competition and regulation policies, as well as the tools for policy intervention;
- Knowledge and understanding of the relevant concepts of Economic Theory for the analysis of markets and policies;
- Knowledge and understanding of the Portuguese and European (whenever relevant) institutional framework, for competition and regulation policies;
- Knowledge and understanding of the main challenges and drawbacks in competition and regulation policy implementation;
- Knowledge and understanding of several regulation approaches in specific industries (energy, communications, transports, etc.).
1. Economic Theory and Competition as a Public Good: market power, regulation and efficiency
2. Competition Law and Policy: its goals and limits
3. Supervision over agreements between firms, decisions of association between firms, concerted practices
4. Supervision over abuses of dominant position
5. Control over mergers, acquisitions and joint ventures.
6. European Union control over State Aid
7. Why regulating Public Utilities
8. Cost Plus and Incentive Regulation approaches
9. Alternative regulation approaches under imperfect information context
10. Pricing structures in regulated industries
Students can choose between two assessment alternatives: (A) written exam (100%); or (B) Written exam (50%) and individual essay on competition or regulation (50%).
BibliographyTitle: 5. Viscusi, K. et al. (2005), Economics of Regulation and Antitrust, The MIT Press, 4th Ed.
4. Fumagalli, C., M. Motta & C. Calcagno (2018), Exclusionary Practices: The Economics of Monopolisation and Abuse of Dominance, Cambridge University Press
3. Decker, C (2015), Modern Economic Regulation: an introduction to theory and practice, Cambridge University Press
2. Cini, M. and McGowan L. (2008). Competition Policy in the European Union, Palgrave Macmillan. 2nd ed.
1. Bishop, S. & Walker, M (2010), The Economics of EC Competition Law: Concepts, Application and Measurement, Sweet & Maxwell, 3rd Ed.
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Title: 13. Yeung, K. (2010), "The regulatory state", in The Oxford Handbook of Regulation, Baldwin, R., Cave, M. and Lodge, M. (Eds), Oxford University Press.
12. Veljanovski, C. (2010), "The strategic use of regulation", in The Oxford Handbook of Regulation, Baldwin, R., Cave, M. and Lodge, M. (Eds), Oxford University Press.
11. Veljanovski, C. (2010), "Economic Approach to Regulation", in The Oxford Handbook of Regulation, Baldwin, R., Cave, M. and Lodge, M. (Eds), Oxford University Press.
10. TFUE (Tratado sobre o Funcionamento da União Europeia)
9. Motta, M. (2004), Competition Policy: Theory and Practice, Cambridge University Press
8. Marco Ponti (2012) "Competition, regulation and public service obligations", in A Handbook of Transport Economics, Edward Elgar.
7. Lei Portuguesa da Concorrência (Lei n.º 19/2012, de 8 de maio)
6. Laffont J. and Tirole J. (2001), Competition in Telecommunications, MIT Press
5. Joskow, Paul (2007), "Regulation of natural monopoly", in Handbook of Law and Economics, Polinsky, M. and Shavell, S. (eds), North-Holland.
4. Hauge, J and Sappington, D. (2010), "Pricing in network utilities", in The Oxford Handbook of Regulation, Baldwin, R., Cave, M. and Lodge, M. (Eds), Oxford University Press.
3. Feintuck. M. (2010), "Regulation rationales beyond the economics: in search of the public interest", in The Oxford Handbook of Regulation, Baldwin, R., Cave, M. and Lodge, M. (Eds), Oxford University Press.
2. Decreto-Lei n.º 370/93, de 29 de Outubro, com a redação que lhe foi dada pelo Decreto-Lei n.º 140/98, de 18 de Maio, sobre práticas comerciais restritivas.
Comissão Europeia: Comunicação da Comissão relativa à definição de mercado relevante para efeitos do direito comunitário da concorrência, Jornal Oficial nº C 372 de 09/12/1997 (http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:31997Y1209(01):PT:HTML)
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Seminar on Business Economics and Competition
LG1 - To know the main types of master thesis and to be able to identify the type that better matches the work he/she wants to develop during the 2nd year of the program
LG2 - To know how to define the research questions
LG3 - To know how to prepare a chronogram for the research process
OA4 - To know how to make a literature review and the main sources of bibliography that can be used to this end
LG5 - To know how to define the phases of empirical work in Economics
LG6 - To know how to apply the main rules for presenting references and citations and understand the concept of plagiarism in order to avoid situations of this nature in scientific work
LG7 - To understand the key guidelines for writing and orally presenting a research project
PC1 - Methodological topics associated with developing a research project
1.1 Types of thesis
1.2 Identifying the research questions and the research phases
1.3 Doing a literature review and identifying the main literature sources
1.4 Types and phases of empirical work in Economics
1.5 Citations and references
1.6 Plagiarism in scientific work
1.7 Writing a thesis
1.8 Oral presentation of a thesis
PC2 - Research topics in Business Economics and Competition
Performance evaluation includes the following elements:
- Thesis project - written report + oral presentation (25%);
- Literature Review - written report + oral presentation (25%);
- Empirical analysis - written report + oral presentation (50%).
In this course there is not a second period of assessment. This course does not have an exam due to its nature.
Title: Fisher, C. (2010). Researching and Writing a Dissertation: An Essential Guide for Business Students, 3ª edição. Prentice Hall.
Saunders, M., Lewis, P. e Thornhill (2015). Research Methods for Business Students, 7ª edição. Pearson Education.
Thomson, W (2011). A Guide for the Young Economist, 2ª edição. MIT Press.
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Title: Bryman, A. e Bell, E. (2015). Business Research Methods, 4ª edição. Oxford University Press.
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Master Dissertation in Business Economics and Competition
LO1. Define a scientific problem and its relevance;
LO2. Define research goals and possible hypotheses;
LO3. Produce a literature review supporting the dissertation?s main problem;
LO4. Apply suitable methodologies of data collection and analysis, if applicable;
LO5. Provide a critical reflexion sustained on theoretical frameworks and empirical results.
S1. Writing an introduction and abstract that summarizes the research carried out in the thesis
S2. Definition of a research problem and research goals
S3. Literature review
S4. Defining an empirical strategy
S5. Using data collection methods (if applicable)
S6. Using data analysis methods (if applicable)
S7. Critical interpretation of the results derived from the empirical strategy using the theoretical and empirical contributions identified in the literature review
S8. Writing conclusions and defining future research paths
- Written presentation of the thesis
- Oral presentation of a synthesis of the thesis followed by a public defense with a jury.
Title: Carvalho, J. Eduardo, Metodologia do Trabalho Cientifico, 2009, Lisboa: Escolar Editora.,
Creedy, J., Starting Research, 2001, Australian Economic Papers 34: 116-124.,
Garson, G., Guide to Writing Empirical Papers, Theses, and Dissertations, 2001, Marcel Dekker Inc.,
Phillips, Estelle M.; Pugh, D. S., How to get a PhD, 2005, Glasgow: McGraw-Hill Education.,
Thomson, W., A Guide for the Young Economist ? Writing and Speaking Effectively about Economics, 2001, MIT Press.,
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Title: -
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Project in Business Economics and Competition
LG1. Define a research question and its relevance;
LG2. Identify the research goals;
LG3. Produce a literature review to frame the project's topic;
LG4. Use the adequate empirical methodologies;
LG5. Provide a critical reflexion sustained on theoretical frameworks and empirical results.
PC1. Writing an introduction and abstract
PC2. Definition of a research problem and research goals
PC3. Literature review
PC4. Defining an empirical strategy
PC5. Using data collection methods (if applicable)
PC6. Using data analysis methods (if applicable)
PC7. Critical interpretation of the results derived from the empirical strategy using the theoretical and empirical contributions identified in the literature review
PC8. Writing conclusions and defining future research paths
- Written presentation of the thesis
- Oral presentation of a synthesis of the project followed by a public defense with a jury.
Title: Thomson, W. (2001), A Guide for the Young Economist ? Writing and Speaking Effectively about Economics, MIT Press.
Phillips, Estelle M.; Pugh, D. S. (2005). How to get a PhD, Glasgow: McGraw-Hill Education.
Garson, G. (2001) Guide to Writing Empirical Papers, Theses, and Dissertations, Marcel Dekker Inc.
Creedy, J., (2001) ?Starting Research?, Australian Economic Papers 34: 116-124.
Carvalho, J. Eduardo (2009). Metodologia do Trabalho Cientifico, Lisboa: Escolar Editora.
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Title: Bibliografia específica ao tema da dissertação.
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Objectives
The Master in Business Economics and Competition presents itself as an option for developing studies for graduates in economics, the management or related training and aims to:
Provide a solid background in the field of economics that can be used to define strategies and decision making about problems/challenges that arise in the context of companies and sectors of economic activity
Develop skills for an integrated assessment of business, sectoral and macroeconomic dynamics
Provide students with knowledge in the field of competition economics and regulation;
Develop skills in conducting applied research in the scientific area of the master's degree so that students can develop their thesis projects with a high degree of autonomy and strengthen the ability to conduct future applied research in their professional contexts.
Objective 1: Communicate effectively in writing including the following aspects: producing a well-structured written document; clearly identifying and communicating the relevant key messages within a written document; clearly expressing the link between theoretical arguments and specific practical issues; effectively summarizing ideas and conclusions.
Objective 2: To communicate effectively orally including the following: selecting the appropriate format for a given presentation; demonstrating confidence that the communication has been well prepared; developing and delivering impactful presentations.
Objective 3: Develop critical thinking skills including the following: select and interpret relevant data and references from academic and non-academic sources; identify and rationally debate ethical issues in business and management; analyze issues effectively, leading to the formulation of well-supported conclusions or solutions.
Objective 4: Use economic concepts to support business decisions including the following aspects: demonstrate an understanding of basic theoretical knowledge in the area of business economics and competition policy; demonstrate an understanding of the theoretical arguments supporting sectoral regulatory policies; demonstrate an understanding of the company's macroeconomic and sectoral environment.
Objective 5: Apply economic concepts and theory to business practice including the following aspects: demonstrate competence in applying theoretical concepts and tools to economic situations; analyze business situations under theoretical concepts.
Accreditations