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Code 14671
Year 2
Semester S1
ECTS Credits 6
Workload TP(60H)
Scientific area Social and Economic Sciences
Entry requirements Nothing to report
Mode of delivery The teaching method is face-to-face, with lectures both theoretical and practical. Accordingly, students are invited to interact with the teacher and with colleagues in the resolution of the proposed exercises. The degree of commitment to these exercises in the intermediate works will be taken into consideration in the final evaluation.
Work placements Not applicable
Learning outcomes At the end of this course, the student should:
• To know the fundamental aspects that distinguish macro and microeconomic theories.
• To understand the basics of supply and demand and market equilibrium formation.
• To distinguish different market structures (monopoly, perfect competition, monopolistic competition and oligopoly).
• To understand how a country's economic activity is measured.
• To have critical capacity on economic policy decisions.
• To be able to make a coherent economic discourse.
Syllabus 1. Introduction to Economics
1.1 Objectives and Methods of Economics - The 10 Principles of Economics
1.2 Thinking as an Economist
1.3 Macroeconomics vs Microeconomics
1.4 Graphical Analysis

2. Microeconomics
2.1 Demand and supply and market equilibrium
2.2 Welfare of both consumers and producers
2.3 Elasticities and Applications
2.4 Price Control Policy
2.5 Market structures (pure monopoly, monopolistic competition, oligopoly)

3. Macroeconomics
3.1 Macroeconomics' Objectives and Instruments
3.2 Aggregate Supply and Demand
3.3 Measurement of Economic Activity
3.4 Consumption, Investment and Savings
3.5 Unemployment and Inflation
Main Bibliography Mankiw, N. Gregory (2018), Principles of Economics, 8th edition, Cengage Learning
Samuelson, Paul A. (2010). Economics, Boston McGraw-Hill, cop. 2010,
Pindyck, R. e Rubinfeld, D. (2018), Microeconomics, 9th edition, Pearson Education.
Krugman, P., & Wells, R. (2015). Economics. New York, USA: Macmillan Learning;
Teaching Methodologies and Assessment Criteria Classes will be theoretical-practical. At the beginning of each topic of the syllabus, a theoretical presentation of the concepts is made as well as a real example of the problem. Subsequently, practical exercises are carried out to apply and consolidate the knowledge
acquired. During classes, the application of concepts to reality is also encouraged, essentially using current economic problems.
The assessment will consist of two frequencies with a weighting of 40% each, where students' knowledge is assessed, and practical work with a weighting of 20%, which evaluates and encourages students' interpretative capacity on current economic problems and their ability to relate economic theory to current affairs.

Minimum conditions for approval by continuous assessment: 50% attendance and classification >= 10 values
Minimum conditions for access to the exam: 50% attendance and classification >= 6 points
Language Portuguese. Tutorial support is available in English.
Last updated on: 2023-12-19

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