Economy

Code:

LEM21114

Sigla:

ECO

Áreas Científicas
Classificação	Área Científica
OFICIAL	Business Science and Communication

Ocorrência: 2021/2022 - 1S

Ativa?	Yes
Unidade Responsável:	Seção de Ciências Empresariais e Comunicação
Curso/CE Responsável:

Ciclos de Estudo/Cursos

Sigla	Nº de Estudantes	Plano de Estudos	Anos Curriculares	Créditos UCN	Créditos ECTS	Horas de Contacto	Horas Totais
EM	124	Plano de Estudos	2	-	3	30	81

Docência - Responsabilidades

Docente	Responsabilidade
Elsa Cristina da Costa Ferreira

Docência - Horas

Theorethical and Practical :

2,00

Type	Docente	Turmas	Horas
Theorethical and Practical	Totais	3	6,00
	Elisabete Gonçalves Veiga		4,00
	Elsa Cristina da Costa Ferreira		2,00

Língua de trabalho

Portuguese

Objetivos

Understand the importance of the Economy in the economic system, and in society in general;
Know the main concepts and techniques in the area of Economics;
Know how to define the object and method of savings;
Understand the problem of scarcity of resources;
Understand 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.

Resultados de aprendizagem e competências

The topics that make up the program were selected in order to provide an in-depth knowledge of the working mechanisms of the economic system and its influence on society in general. The organization and sequencing of the syllabus allow the acquisition of skills in a phased and coherent way. All concepts and techniques are clearly addressed in an interactive learning process where the use of case studies and the analysis of texts make it possible to concretize and exemplify the different points of the program.

Learning attitudes and personal qualities, including active participation in class and information sharing, as well as a sense of responsibility and interest in self-learning will provide an adequate alignmentbetween the contents and the objectives of the curricular unit.

Modo de trabalho

Presencial

Programa

Introductory questions and production theory:

1.1. Fundamental concepts of economics: production possibilities frontier, scarcity, efficiency, the three problems of economics, opportunity costs

1.2. Theory of production: factors of production, economies of scale

1.3. Production costs, opportunity costs

2.Market

2.1. Theory of demand/supply and market balance

2.2. Price elasticity of demand/supply and applications

2.3. Consumer demand and behavior

2.4. Market structures

2.4.1. Competitive market

2.4.2. Monopoly

3. Macroeconomic policy objectives and instruments, State functions

3.1. Mixed economy, State, Government, capital, money/currency, “invisible hand”, public/private goods, Welfare State, market failures, government functions

3.2.Global view of the functioning of the economy as a whole: macroeconomic objectives and instruments, expenditure, revenue; GDP, unemployment rate, inflation/deflation, net exports, exchange rate; aggregate supply/demand

3.3. Business cycles: expansion/recession phase; characterization of the evolution of the Portuguese economy and of other countries using the main macroeconomic indicators: GDP per capita, unemployment rate, inflation rate, consumer price index

1.1. Fundamental concepts of economics: production possibilities frontier, scarcity, efficiency, the three problems of economics, opportunity costs

1.2. Theory of production: factors of production, economies of scale

1.3. Production costs, opportunity costs

2.Market

2.1. Theory of demand/supply and market balance

2.2. Price elasticity of demand/supply and applications

2.3. Consumer demand and behavior

2.4. market structures

2.4.1. Competitive market

2.4.2. Monopoly

3. Macroeconomic policy objectives and instruments, State functions

3.1. Mixed economy, State, Government, capital, money/currency, “invisible hand”, public/private goods, Welfare State, market failures, government functions

3.2.Global view of the functioning of the economy as a whole: macroeconomic objectives and instruments, expenditure, revenue; GDP, unemployment rate, inflation/deflation, net exports, exchange rate; aggregate supply/demand

3.3. Business cycles: expansion/recession phase; characterization of the evolution of the Portuguese economy and of other countries using the main macroeconomic indicators: GDP per capita, unemployment rate, inflation rate, consumer price index" data-crosslingual-hint="" data-location="2" data-enable-toggle-playback-speed="true">

Bibliografia Obrigatória

Samuelson, Paul; Wiliam Nordhaus; Economia, Mc Graw-Hill, 2013

Métodos de ensino e atividades de aprendizagem

The teaching methodologies are consistent with the objectives of the curricular unit. The exhibition-participatory methodologies will be privileged, encouraging interaction and involving students in the learning teaching process

Tipo de avaliação

Distributed evaluation without final exam

Componentes de Avaliação

Designation	Peso (%)
Teste	100,00
Total:	100,00

Componentes de Ocupação

Designation	Tempo (Horas)
Frequência das aulas	30,00
Total:	30,00

Obtenção de frequência

To obtain attendance, students must attend 75% of classes.

Fórmula de cálculo da classificação final

Assessment by exam does not include any element of continuous assessment and is intended for students who have chosen this modality from the beginning (disregarding continuous assessment), as well as students who want to improve the grade obtained in continuous assessment (negative or positive) .

The Economics grade results from the arithmetic average of the two tests, the student cannot have a grade lower than 10 values in the average of the tests.

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