| Code |
13924
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| Year |
2
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| Semester |
S2
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| ECTS Credits |
6
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| Workload |
TP(60H)
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| Scientific area |
Economics
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|
Entry requirements |
N.A.
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Learning outcomes |
• Understand the principles of economics and train to think like an economist;
• Acknowledge the interdependence between agents and countries and the gains from trade;
• Get knowledge of the sources of macroeconomic data and know how to represent the main variables in a graphic;
• Know how to calculate the main macroeconomic aggregates using the principles of national accounting;
• Know the differences between real and nominal variables and convert one into another;
• Understand the determinants of economic growth, unemployment and prices in the long run;
• Distinguish between the behavior of the closed and open economies;
• Understand the determinants of short-run oscillations in the main macroeconomic variables.
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Syllabus |
1 – Introduction
1.1 - Principles of Economics
1.2 - Thinking like an Economist
2 - Interdependence and Gains from Trade
3 - Data of Macroeconomics
3.1 - Income
3.2 - Cost of living
4 - The Real Economy in the Long Run
4.1 - Production and Economic Growth
4.2 - Savings, Investment and the Financial System
4.3 - Unemployment
5 - Money and Prices in the Long Run
5.1 - Money Growth and Inflation
6 - The Macroeconomics of Open Economies
6.1 - Basic Concepts
6.2 - The Macroeconomic Theory of Open Economies
7 - Short-Run Fluctuations
7.1 - Aggregate Demand and Supply
7.2 - The Short-Run Trade-Off between Inflation and Unemployment
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Main Bibliography |
Mankiw, G. and M. Taylor (2017), Economics, 6th Edition, Cengage Learning (Parts 1, 9, 10, 11, 12, 13, 14)
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Language |
Portuguese. Tutorial support is available in English.
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