Skip to main content

ISLA Santarém 13048

Fundamentals of Economics

Business Processes and Operations Management
  • ApresentaçãoPresentation
    The course presents the fundamental concepts of economics, explains their application to economic problems (such as individual decisions and market functioning), and develops an understanding of the usefulness of economic models in understanding reality, enabling students to adopt structured thinking when faced with economic situations and problems.
  • 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
    Araújo, F. (2022). Introdução à Economia - Volume II - Microeconomia Aplicada e Macroeconomia(4ª ed.).AAFDL Editora / Imprensa FDUL. Araújo, F. (2023). Introdução à Economia Volume I - Introdução e Microeconomia (4ª ed.).AAFDL Editora / Imprensa FDUL. Fernandes, A. et. al,. (2023). Introdução à Economia, Edições Sílabo. Morgado, A.J. & Ferreira, P. (2021).Princípios de Microeconomia. Rei dos Livros
  • MetodologiaMethodology
    In-person: 1. Theoretical/practical classes: presentation of concepts, discussion, and application of program content in various contexts. 2. Case study-based learning. Independent: 3. Consolidation of content taught in class through additional research on the different topics and content covered and the development of complementary work.  
  • LínguaLanguage
    Português
  • TipoType
    Semestral
  • ECTS
    6
  • NaturezaNature
    Mandatory
  • EstágioInternship
    Não
  • AvaliaçãoEvaluation

    A avaliação curricular será concretizada através de um teste escrito (40%) e um trabalho de grupo prático com apresentaçãoem aula (60%).
    A avaliação final será realizada com recurso a um exame individual escrito (100%).