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Introduction to Economics

Code:

TGI02

Sigla:

IE

Áreas Científicas
Classificação	Área Científica
OFICIAL	Business Science and Communication

Ocorrência: 2021/2022 - 1T

Ativa?	Yes
Unidade Responsável:	Seção de Ciências Empresariais e Comunicação
Curso/CE Responsável:	Industrial Management and Techinology

Ciclos de Estudo/Cursos

Sigla	Nº de Estudantes	Plano de Estudos	Anos Curriculares	Créditos UCN	Créditos ECTS	Horas de Contacto	Horas Totais
TGI	45	Plano de Estudos 2016	1	-	4	44	108

Língua de trabalho

Portuguese

Objetivos

• Understand the importance of Economy, Management and Technology in the economic system, and in society in general;
• Know the main concepts and techniques in the area of Economics and Technology Management;
• Know how to define the object and method of savings;
• Understand the problem of scarcity of resources;
• Understanding consumer choices;
• Understand the laws of supply and demand;
• Understand the macroeconomic context of countries/regions;
• Know the evolution of the main indicators of the economic situation and the HDI;
• Understand the organization process of a company and its relationship with the surrounding environment.

Resultados de aprendizagem e competências

Students will be able to understand economic problems as well as identify them in different activities in society.

Modo de trabalho

B-learning

Programa

1. Fundamentals of Economics:
The technological possibilities of society
the law of scarcity
the efficiency

2. Production theory:
Marginal products and returns to scale
Production costs - Economic cost analysis
production and costs

3. The Consumer Theory
The demand function and demand determinants
The utility theory

4. Market: demand/supply model
The supply function and supply determinants
Balance of supply and demand
Price Elasticity and Yield Elasticity
Practical applications of the demand/supply model

5. Analysis of markets with different levels of competition
Competitive market: Characterization and maximization of profit
Monopoly market: Imperfect competition- types
Sources of Market Imperfection/Profit Maximization

6. Macroeconomic policy objectives and instruments, State functions
State functions
Macroeconomic policy objectives and instruments

7. Characterization of the Portuguese and European Economy
Evolution of the main macroeconomic variables
Business cycles: expansion/recession

8. International Trade and World Economy
International Trade and Exchange Rates
The global economy

Bibliografia Obrigatória

Samuelson, Paul; Wiliam Nordhaus; Economia, McGraw-Hill, 2013

Métodos de ensino e atividades de aprendizagem

The subject will be taught in a b-learning regime: there will be face-to-face classes and e-learning classes.
E-learning will be activity-centered teaching

Tipo de avaliação

Distributed evaluation without final exam

Componentes de Avaliação

Designation	Peso (%)
Teste	50,00
Trabalho escrito	50,00
Total:	100,00

Componentes de Ocupação

Designation	Tempo (Horas)
Frequência das aulas	44,00
Total:	44,00

Obtenção de frequência

The Introduction to Economics assessment can be carried out in two ways: continuous assessment or final exam.

Fórmula de cálculo da classificação final

Continuous assessment consists of two components.


Test -50%
Group assignments: 1st job -30% and 2nd job-20%