Cursos / 1º Ciclo / Faculty of Economy and Business Management :: Marketing

Versao Portuguesa

INTRODUÇÃO À ECONOMIA - 2021/2022

1º curricular year
Semestralidade: 2nd semester
ECTS: 6

Teachers

Leading Teacher: Prof. Doutor Manuel Maçães
Assistant Professor: Prof. Doutor Manuel Maçães

Class type and School hours

Orientação Tutorial : 1 Horas
Teórico-prática : 2 Horas

Teaching Language

Portuguese

Main Aims/Objectives

This unit aims to give students a general essay on the basic concepts of economics.

Specific Aims/Objectives

Through this course is intended to provide a general knowledge of the main concepts associated with microeconomics and macroeconomics.

Skills to be acquired

It is intended that students understand: the concepts of scarcity, efficiency and equity; the behavior of the main economic actors; the functioning of markets; and the main macroeconomic objectives.

Teaching Procedures

In theoretical classes the exposed material is always accompanied by an illustration showing real cases. The tutorial classes are designed to clarify questions and do some exercises about the issues taught in the theoretical classes.

Programme

I. Microeconomics

1. Basic Economic Concepts
1.1. Choice and Scarcity
1.2. Total and Marginal Utility
1.3. Opportunity cost
1.4. Reserve Price
1.5. Marginal Benefit and Marginal Cost
1.6. The Ten Principles of Economics

2. Production Possibility Frontier

3. Demand and Supply
3.1. Market Concept
3.2. Demand
3.2.1. Demand drivers
3.2.2. The individual demand curve
3.2.3. The market demand curve
3.3. Supply
3.3.1. Determinants of supply
3.3.2. The individual supply curve
3.3.3. The market supply curve
3.4. Equilibrium
3.5 Supply, Demand and Government
3.5.1. Price control
3.5.1.1. Maximum prices
3.5.1.2. Minimum prices
3.6. Supply, Demand and Efficiency
3.6.1. Consumer Surplus
3.6.2. Producer surplus
3.7. Elasticity
3.7.1. Price elasticity of demand and classification of goods
3.7.2. Supply Price Elasticity and classification of goods
3.7.3. Income elasticity and classification of goods
3.7.4. Cross Price Elasticity and classification of goods

4. Consumer Theory
4.1. Consumer Preferences
4.1.1. Preferences properties
4.1.2. Indifference curves
4.2. Budget Restriction
4.3. Optimal Consumer Decision
4.3.1. Equilibrium

II. Macroeconomics

1. Overview of Macroeconomics
1.1. Representation of Economic Activity
1.2. Measuring Economic Activity

2. Economic Growth and Development

Evaluation Type

Two tests.

Teaching Resources

Materials provided in classes.

Sustainability Objectives

Keywords

Microeconomics
Macroeconomics
Demand
Supply
Welfare

Main Bibliography

Author FERNANDES, A.; Pereira, E.; Bento J.; Madaleno, M.; Robaina, M.
Title Introdução à Economia
Edition 3ª Ed.
Place Lisboa
Editor Edições Sílabo, Lda.
Year 2021
Author MANKIW, Gr.
Title Principles of Economics
Edition 9ª Ed.
Place EUA
Editor Cengage Learning
Year 2020
Author NABAIS, Carlos; FERREIRA, Ricardo
Title Microeconomia: Lições e Exercícios
Edition 1ª Ed.
Place Lisboa
Year 2012

Complementary Bibliography

Author PINHO, M.
Title Microeconomia: Teoria e Prática Simplificada
Edition 3ª Ed.
Place Lisboa
Editor Edições Sílabo, Lda.
Year 2016
Author SAMUELSON, P.; NORDHAUS, William
Title Economia
Edition 19ª Ed.
Place Lisboa
Editor Mc Graw-Hill
Year 2011