| Code |
13117
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| Year |
1
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| Semester |
S1
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| ECTS Credits |
3
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| Workload |
TP(30H)
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| Scientific area |
Economics
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Entry requirements |
There are no entry requirements.
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Mode of delivery |
Face-to-face.
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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.
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Syllabus |
1 - Introduction to Economics
1.1 The Economic Problem
1.2 Economic Science: positive and normative perspective
1.3 How to Answer the Economic Problem: market versus government
1.4 Market, Institutions, State and Society
2 - Tools for Economic Analysis
3 - Market
3.1 Supply and Demand
3.2 Market Equilibrium
3.3 Market Structures
3.4 International Trade and Comparative Advantages
4 - Markets and Public Policy
4.1 Private Best and Social Best
4.2 Negative and Positive Externalities
4.3 Public Goods and Merit
4.4 Common Resources and Collective Action
4.5 Market, Government and Public Policy Failures
5 - Economic Fluctuations
5.1 Causes: economic and non-economic shocks
5.2 Symptoms: inflation and unemployment
5.3 Stabilization Policies: monetary and fiscal
6 - Social Economy
6.1 Inequality and Poverty
6.2 Government and Social Expenditure
6.3 Welfare measures and alternative indexes
7 - Economics Topics.
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Main Bibliography |
- MANKIW, Gregory, 2017. Principles of Economics 8th Edition, Cengage Learning
- SAMUELSON, Paul, NORDHAUS, William, 2009. Economics 19th Edition. Mcgraw-Hill Education – Europe
- CHANG, Han-Joon, 2018, Economics: The User's Guide, Pelican Books
Support Materials Available on the Moodle UBI Platform.
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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 two tests (46.25% each) and participation in and out of the classroom (7.5%).
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Language |
Portuguese. Tutorial support is available in English.
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