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Fundamentals of Economics

Code 12249
Year 1
Semester S2
ECTS Credits 6
Workload TP(60H)
Scientific area Economics
Entry requirements Not applicable.
Mode of delivery Face-to-Face
Work placements Not applicable.
Learning outcomes The course aims to:
1. Introduce the main analytical instruments applied in the economic analysis;
2. Explain the concepts of demand and supply and the role of consumers, producers, market and government structures in determining market and economic performance;
3. Explain the concepts of aggregate demand and supply, levels of economic activity, prices and employment, as well as economic fluctuations, the balance of payments and the implications of a persistent current account deficit;
4. Develop the capacity to participate in debates on current economic issues and events;
5. Develop students' ability to organize their work activities and communicate effectively.
Syllabus 1. Introduction: the 10 principles of economics and micro and macroeconomic analyzes;
2. Diagrammatic Analysis in Economics: basic principles;
3. Supply and Demand;
4. Elasticity: concepts and applications;
5. Consumers, Producers and Market Efficiency;
6. Taxes, International Trade and Welfare;
7. Production Costs;
8. Competitive Markets;
9. Monopoly;
10. Imperfect Competition;
11. Economic activity: economic measures and fluctuations;
12. Aggregate Demand and Aggregate Supply;
13. Prices, Inflation and Unemployment; and
14. Balance of Payments and Exchange Rates.
Main Bibliography Pindyck, R. e Rubinfeld, D. (2018), Microeconomics, 9th edition, Pearson Education.
Mankiw, G. (2020), Principles of Economics, 9th edition, Cengage Learning.
Mateus, A. e Mateus, M. (2008), Microeconomia - Teoria e Aplicações, Volumes I e II, 2ªEdição, Editorial Verbo, Lisboa – São Paulo.
Mateus, A. e Mateus, M. (2002), Microeconomia - Exercícios e Estudos de Caso, Volumes I e II, 1ª Edição, Editorial Verbo, Lisboa – São Paulo.
Language Portuguese. Tutorial support is available in English.
Last updated on: 2021-06-08

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