Principles of Economics

Basic mathematics

The following teaching methodologies are used in this curricular unit: 1) Verbal methods (say), making use of the following educational resources: Exposition, Explanation and Dialogue;2) Intuitive Methodologies (show), making use of the following educational resources: Demo, Audiovisual Texts and Writings;3) Active methodologies (do), making use of the following educational resources: Exercises, debates about economic reality.

The course of Economics aims to provide students with acknowledged skills for understanding the aggregate movements of contemporary market economies. The course focuses on the following learning outcomes: a) Describe macroeconomics as science and analyze the subject of macroeconomics. b) Identify the fundamental macroeconomic variables and the main macroeconomic problems and issues, namely unemployment, inflation, national product, consumption and savings. c) Measure and describe the overall functioning. Calculate the main macroeconomic aggregates. d) Understand and apply the concepts of Microeconomics. e) Apprehend the methodology of the economic logic of the market. f) Solve simple problems using the methodology of economic logic and the concepts learned.

1 – History of economic thought

2 – Macroeconomics

      2.1 – Inflation

      2.2 – Measurement of economic activity

      2.3 – National accounting

      2.4 – Private consumption, household savings and investment

      2.5 – Keynesian multiplier

3 – Microeconomics

     3.1 – Supply and demand

     3.2 – Market structure

• - 1 written test - 30.0%
• - 1 written test - 35.0%
• - 1 written test - 35.0%

• - Written test - 100.0%

NAO

Andrade, J.S. (1998). Introdução à economia. Minerva.

Dornbusch, R. e Fischer, S. (1998). Macroeconomia. Lisboa: McGraw-Hill

Frank, R. and Bernanke, B. (2011). Principles of Macroeconomics (2nd Edition). Brief Edition, New York: McGraw-Hill.

Krugman; P. and Wells, R. (2015). Microeconomics (4th edition). Worth Publishers.

Nabais, C. and Ferreira, R. (2012). Macroeconomia: Lições e Exercícios. Lidel.