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Introduction to Economics

Code 13117
Year 1
Semester S1
ECTS Credits 3
Workload TP(30H)
Scientific area Economics
Entry requirements There are no entry requirements.
Mode of delivery Face-to-face.
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 ten principles of economics and micro and macroeconomic analysis
2. Graphs in Economics: basics
3. Supply and demand
4. Consumers, producers and the efficiency of markets
5. Competitive markets and Imperfect competition
6. Aggregate Demand and Aggregate Supply
7. Prices, Inflation and Unemployment
8. Economics Topics: Globalization; Environmental Economics; Economic growth.
Main Bibliography - MANKIW, Gregory, 2017. Principles of Economics 8th Edition, Cengage Learning
- SAMUELSON, Paul, NORDHAUS, William, 2009. Economics 19th Edition. Mcgraw-Hill Education – Europe

Support Materials Available on the Moodle UBI Platform.
Teaching Methodologies and Assessment Criteria The teaching methodology used in the curricular unit is both Theoretical and Practical. Classes are organized by combining the two teaching techniques. First, the main concepts of economic analysis are presented for each topic, discussing related real life examples; then, practical exercises are solved in order to apply and measure the studied concepts. Thus, students have the opportunity to develop their rationale regarding real life economic issues in a collective environment, but also as an autonomous task. The evaluation consists in a written assignment (50%) and a written online test (50%).
Language Portuguese. Tutorial support is available in English.
Last updated on: 2021-10-21

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