Class Introduction to Economy

Introduce the basic concepts and tools essential to understanding economic science.

Not applicable

The Fundamentals of Economic Science Positive and normative economics Scarcity, the production possibility frontier, and supply and demand Consuming, investing, and saving Microeconomics - fundamentals of Consumer Theory, Producer Theory, and Market Types Macroeconomics - aggregates and national accountsInflation and unemploymentReal and nominal GDP - production, expenditure, and income Monetary and fiscal policies - interest rates and the state budget - economic policy and political economy Economic Doctrines - the classics, the Keynesians, the liberals, the monetarists, and the neoclassicals Growth, development, and economic cycles Economics and International Trade and the Globalization of markets  

Case studies will be presented and discussed in class by students, concerning atual subjects.

Mankiw, N. Gregory (2021). Principles in Economics (9th edition). South-Western College Publishing. António Fernandes, E. Pereira, J. P. Bento, M. Madaleno, M. Robaina (2021), Introdução à Economia. 3ª Edição, Edições Silabo. Wilkinson, N. & Klaes, M. (2012). An Introduction to Behavioral Economics (2nd edition). Palgrave Macmillan.   Glenn Hubbard, Anthony P. O¿Brien (2007). Microeconomics (2nd edition). Prentice Hall Mankiw, N. Gregory (2012). Macroeconomics (8ª ed.). Worth Publishers, New York, U.S.A. Nabais, Carlos & Ferreira, Ricardo (2012). Microeconomia - Lições e exercícios (2ª edição). LIDEL, Lisboa, Portugal Samuelson and Nordhaus (2009). Economics (19th edition). McGraw-Hill.