ISLA Santarém 13048

Fundamentals of Economics

• ApresentaçãoPresentation

  The Fundamentals of Economics course uses principles of economic analysis to provide students with a better understanding of fundamental economic problems, so that they are able to analyse problems faced by individuals and societies, correctly applying economic concepts and reasoning to analyse reality. This curricular unit will provide students with knowledge of economic analysis at an introductory level sufficient for them to understand how the economy works, and how public policies affect its performance.  
• ProgramaProgramme

  1. Introduction and general concepts 1.1 What is economics? 1.2 The economics as a social science. 1.3 The importance of economics in the economy’s society. 2. The theory of utility 2.1. The needs, goods and utility. 2.2. Marginal utility and total utility. 2.3. The consumer’s excess. 3. Supply and demand 3.1. The development of the demand curve. 3.2. The development of the supply curve. 4. Elasticities 5. Costs and income 5.1 Fixed costs, variable costs and total costs. 5.2 Total average cost and marginal cost. 5.3 average fixed cost and average variable cost. 6. Theory of partial equilibrium in perfect competition 7. Theory of partial equilibrium in imperfect competition 8. Supply and aggregate demand
• ObjectivosObjectives

  The objectives of the curricular unit are: O1. To learn the fundamental concepts of economy; O2. Explain how these concepts can be applied to a set of economic problems, particularly regarding individual economic decision making and the functioning of some markets; O3. Develop the perception of the usefulness of economic models in the understanding the economy. At the end of the unit students are faced with situations and problems of economic nature and they should be able to: C1. Develop a structured thought appropriate to the presented situation.
• BibliografiaBibliography

  Fernandes, A. et al (2023) Introdução à Economia, Silabo Araújo, F. (2012). Introdução à Economia, Almedina. Frank, R. (2013) Microeconomia e Comportamento, McGraw-Hill. Neves, J. (2011). Introdução à Economia. Verbo Editora. Samuelson, P. e Nordhaus, W. (2011) Economia, McGraw-Hill.  
• MetodologiaMethodology

  Teaching will be developed through (1) theoretical-practical methodologies aimed at developing skills in the classroom (using audiovisual means) through practical exercises; discussion of some current economic problems, indication of topics for study, proposed exercises.
• LínguaLanguage

  Português
• TipoType

  Semestral
• ECTS

  6
• NaturezaNature

  Mandatory
• EstágioInternship

  Não
• AvaliaçãoEvaluation

  Descrição dos instrumentos de avaliação (individuais e de grupo) ¿ testes, trabalhos práticos, relatórios, projetos... respetivas datas de entrega/apresentação... e ponderação na nota final.

  Exemplo:

  Descrição	Data limite	Ponderação
  Teste de avaliação		50%
  Teste de Avaliação		50%
  (...)

   

  Adicionalmente poderão ser incluídas informações gerais, como por exemplo, referência ao tipo de acompanhamento a prestar ao estudante na realização dos trabalhos; referências bibliográficas e websites úteis; indicações para a redação de trabalho escrito...