Introduction to Economics (261193)

Learning Outcomes

Main Goal: Enable students to acquire theoretical solid knowledge for a correct analysis of markets, suppliers and consumers, as well as for a correct analysis of national and international markets in a macroeconomic context, so that they can understand and interpret correctly news articles, opinions and programs about economics.
Others:
    •    Understand the basic concepts of microeconomics;
    •    Understand, analyse and predict the behaviours of consumers and/or suppliers;
    •    Understand the fundamental concepts and mechanisms of macroeconomics;
    •    Discuss monetary and fiscal policy in an open economy;
    •    Understand the government economic policy as a stimulus to competitiveness and economic growth.

Study Program

I – OBJECTIVES, METHOD AND PRINCIPLES
II – ELEMENTARY DEMAND AND SUPPLY THEORY
III – INTERMEDIATE DEMAND THEORY
IV – INTERMEDIATE SUPPLY THEORY
V – MACROECONOMICS AND THE THE ECONOMIC CIRCUIT
VI – THE THREE OPTICS OF THE VALUE OF NATIONAL PRODUCTION
VII – CONSUMPTION, SAVINGS AND INVESTMENT
VIII – THE SIMPLE KEYNESIAN MODEL
IX – THE FUNCTIONS OF MONEY
X – THE EVOLUTION OF MONEY
XI – MONEY AND THE PRICE LEVEL
XII – INTRODUCTION TO MACROECONOMIC FLUCTUATIONS

Bibliography

MAIN REFERENCES: 

Samuelson, Paul; Nordhaus, William. (2011) - Economia, Lisboa, McGraw-Hill, 19ª edição.
Goodwin et al (2019), Macroeconomics in Context, New York, Routledge, 3rd Edition.