Fundamental Notions of Economics

Presentation

In this CU, it is intended that students acquire knowledge that allows them to understand the major
economic issues, the functioning of the economy, economic activity and ts agents. To this end, topics
on microeconomics and macroeconomics issues will be addressed.

Programme

Human Resources Management and Development

Level of Qualification|Semesters|ECTS

| Semestral | 5

Year | Type of course unit | Language

1 |Mandatory |Português

Code

ULP619-9486

Recommended complementary curricular units

Not apply

Professional Internship

Não

Syllabus

Chapter 1 - Introduction
1.1 Concept of economy
1.2 The issues and principles of economics
1.3 Distinction between microeconomics and macroeconomics
Chapter 2 - Microeconomics
2.1 Demand analysis
2.2 Supply analysis
2.3 Market equilibrium
2.4 Elasticities
2.5 Main market structures
Chapter 3 - Macroeconomics
3.1 Economic Measurement
3.1.1 Measuring GDP
3.1.2 Actual and nominal variables
3.1.3 Inflation
3.2 The real economy in the Long Term
3.2.1 Production and Economic Growth
3.2.2 Saving, Investment and Financial System
3.2.3 Unemployment

Objectives

O1 - Provide students with knowledge of the fundamental aspects of micro and macro economic theory.
O2 - Provide students with practical skills in the fields of collecting and processing economic information.
O3 - To enable students to develop a coherent economic discourse.
O4 - To enable students to be critical in decisions taken at the level of Economic Policy.

Teaching methodologies and assessment

The following teaching methodologies are used in this curricular unit:
1. Verbal methods (say), making use of the following educational resources: Exposition, Explanation,
Dialogue and Questioning;
2. Intuitive Methodologies (show), making use of the following educational resources: Demo, Audiovisual
and Written texts;
3. Active methodologies (do), making use of the following educational resources: Group Work,
Case-studies and Simulation.
Regarding the evaluation the following methods are used:
1. Evaluation by frequency, comprising:
two written individual tests, with a weight of 50% and50% of the final mark, respectively for the first and
the second test, and not subject to a minimum score;
2. Evaluation by examination, comprising:
na written individual test.

References

• Mankiw, N. Gregory (2014), Introdução à Economia, Tradução da 6ª Edição Norteamericana, Cengage Learning, ISBN 9788522111893
• Samuelson, P. e Northaus, W.D. (2011): Economia, Lisboa, 19ª Edição, McGraw-Hill; ISBN 9789899717237
• César das Neves, João (2007), Introdução à Economia, 8ª Edição, Verbo, ISBN 9789722216883

Office Hours

Comments

Não se aplica.