There are two assessment options in Economics 1: continuous assessment and the repeat-period 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-period exam; if you pass the continuous assessment you can also take the repeat-period exam to improve your grade.
Continuous Assessment
Continuous assessment consists of a midterm test, class questions, and the regular-period exam. All three components are compulsory: if you do not take part in the class questions or the midterm test you will not be allowed to take the regular-period exam. To obtain approval under continuous assessment you must obtain at least 7 in the regular-period exam (and 10 overall, of course). Your final grade will be (a) the average with 25% weight for the midterm test, 15% for the class questions, and 60% for the exam or (b) your exam grade only, whichever is higher; that is, the midterm test and class questions count only if they improve on your exam mark.
The midterm test is a 45-minute test consisting of 20 multiple-choice questions of the same type as have appeared in tests of previous years. It will take place during the class of 17 th of November. We will announce the topics covered in the test in due time. You cannot use books, notes, electronic devices, or any other aid material in this test.
The class questions are questions you answer in classes. In four classes, with no advance notice, we will hand you a question. You will have ten minutes to write your answer. To take part in continuous assessment you need to submit answers to at least two questions, but you will get a higher mark if you answer more questions. After all questions have been answered, if you answered more than two, you choose two answers to be marked; the other answers you have submitted, if any, will not be marked. Answers will be graded 0, 5, 10, 15, or 20. Your grade in the class questions is computed as follows: (sum of the marks in your chosen answers + 5 x number of answers you submitted)/3. You can look up any books and notes, but cannot use any electronic devices while answering these questions.
The regular-period exam (exame em época normal) is a two-and-a-half-hour exam consisting of multiple-choice questions and open-ended questions and exercises of the type as has been used in previous years. You cannot use any books, notes, or any other learning material. You can use non-graphical calculators, but cannot use graphical ones (see note on Authorised Calculators on this site). The exam takes place on the 5 th of January 2015 at 9 am.
Repeat-Period Exam
Students who choose not to take part in continuous assessment can take the repeat-period exam (exame em época de recurso), which takes place three weeks after the regular-period exam, on the 26 th of January 2015 at 12 noon. If you take the continuous assessment and fail you can take the repeat-period 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-period exam (but, again, you must have at least 7 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. The repeat-period exam is of the same type and subject to the same rules as the regular-period exam.
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, and the general law, namely the Código dos Direitos de Autor e dos Direitos Conexos (copyright and related rights).
The Economics 1 Team, 2014-15