There are two assessment options in Microeconomics 2: exam only and continuous assessment.
Continuous Assessment
Continuous assessment consists of two tests and one exam. To pass you must get at least 7 marks (0 to 20 scale) in each test and the exam (and 10 overall, of course). If you do, your final grade is (a) 30% of each test grade plus 40% of the exam grade or (b) 100% of the exam grade, whichever is higher. That is, the tests count towards your final grade only if they increase it.
Each test consists of 20 multiple choice questions, and lasts for one hour. If you fail to get at least 7 marks in the first test you can no longer take the second. They will take place on Saturday mornings, 18 th of April and 23 3d of May.
The exam under continuous assessment is the same as under 'exam only.' The exams consist of 16 multiple-choice questions and several open questions, and last two and half hours.
Exam Only
Exam only means that your grade is simply your exam grade. Everyone can take both the regular- and repeat period exams. If you pass after the regular-period exam, either under continuous- or exam-only-assessment, you can still take the repeat-period exam to improve your mark (you need to register for the exam at the Undergraduate Office in this case, but not if you have not passed yet). Test grades, if you have taken any, do not count here.
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).