2024
Economics
Name: Economics
Code: ECN07251M
6 ECTS
Duration: 15 weeks/156 hours
Scientific Area:
Economy
Teaching languages: Portuguese
Languages of tutoring support: Portuguese
Regime de Frequência: B-learning
Sustainable Development Goals
Learning Goals
The objective of this course is to supply the basis that allow students to understand: the organization of the economic system; the organization of the production and the producers economic decisions; consumers behaviour and economic rationality of their decisions.
Expected learning outcomes and competences to be acquired:
To consolidate the capacities of: oral and written communication; management of economic and social information; analysis and synthesis of economic subjects.
Expected learning outcomes and competences to be acquired:
To consolidate the capacities of: oral and written communication; management of economic and social information; analysis and synthesis of economic subjects.
Contents
1. introduction
Scope and Method of Economic Science
The Economic Problem : scarcity, choice and opportunity cost
Ways of solving the economic problem
The Production Possibilities Frontier
circuit Economic
2. Supply and demand
Supply and Demand functions
Determinants of supply and demand
Single and Market Supply
Single Market and Demand
Elasticities of Supply and Demand
Market Equilibrium
3. Production
Factor - product relationship
Production in the short term
Production in the long run
Returns to scale
4. Costs
Short-term costs
Costs in the long term
Relations between cost curves for short and long term
5. Rational choice consumer
Utility and Preferences
Consumer equilibrium
Changes in income and prices - impact on consumer choices
6. The Macroeconomic System
Macroeconomic variables
Measurement of Economic Activity
The Economic Role of the State
Keynesian Model
Multiplier
Macroeconomic Policies
Scope and Method of Economic Science
The Economic Problem : scarcity, choice and opportunity cost
Ways of solving the economic problem
The Production Possibilities Frontier
circuit Economic
2. Supply and demand
Supply and Demand functions
Determinants of supply and demand
Single and Market Supply
Single Market and Demand
Elasticities of Supply and Demand
Market Equilibrium
3. Production
Factor - product relationship
Production in the short term
Production in the long run
Returns to scale
4. Costs
Short-term costs
Costs in the long term
Relations between cost curves for short and long term
5. Rational choice consumer
Utility and Preferences
Consumer equilibrium
Changes in income and prices - impact on consumer choices
6. The Macroeconomic System
Macroeconomic variables
Measurement of Economic Activity
The Economic Role of the State
Keynesian Model
Multiplier
Macroeconomic Policies
Teaching Methods
Teaching methods:
Theoretical explanation of concepts, discussion of subjects that can help to consolidate the theoretical concepts, followed by the solution of real problems. This course is offered during the first 8 weeks of the first semester.
For the development of this unit, several types of resources and activities are available in the moodle platform, both theoretical and practical, so that students can reach the objectives defined for the course, through regular interaction between the participants.
Assessment methods:
The evaluation consists of two components: (i) throughout the activities, and (ii) an overall evaluation test at the end of the course. In order to obtain approval, students must respond within 80% of all activities proposed during the 8 weeks of the course (60% of the classification) and have a positive classification in the final global assessment test (40% of the classification).
Theoretical explanation of concepts, discussion of subjects that can help to consolidate the theoretical concepts, followed by the solution of real problems. This course is offered during the first 8 weeks of the first semester.
For the development of this unit, several types of resources and activities are available in the moodle platform, both theoretical and practical, so that students can reach the objectives defined for the course, through regular interaction between the participants.
Assessment methods:
The evaluation consists of two components: (i) throughout the activities, and (ii) an overall evaluation test at the end of the course. In order to obtain approval, students must respond within 80% of all activities proposed during the 8 weeks of the course (60% of the classification) and have a positive classification in the final global assessment test (40% of the classification).
Teaching Staff (2023/2024 )
- Maria da Conceição Peixe Rego [responsible]
Certificações
