Class Political Economics I

This is a UC about microeconomics issues, at an introductory level, basic concepts, fundamental laws (demand, supply and prices), so that students understand the fundamental problems of economics regulated by law. It also introduces the main currents of economic thought underlying possible systems of economic organization .

I. OBJECT AND METHODS: Conceptions and systems; Economic analysis.
II. FUNDAMENTAL CONCEPTS: Fundamental economic problems; Tradeoffs; Scarcity, utility and value; Production possibilities and opportunity cost: Market, government and economic decisions.
III. MARKETS, PRICES AND ELASTICITIES: Notions of price and market; Competition; Demand and supply; Efficiency, market failures, externalities; Price formation in monopoly markets.
IV. MARKET, GOVERNMENT AND WELFARE: Intervention policies in prices and markets; Efficiency, equity and well-being; Economic effects of taxes; Role and weight of the State; International trade.
V. SYNTHESIS OF THE HISTORY OF ECONOMIC THOUGHT: Economy in the Middle Ages; Impact of the English Industrial Revolution; Adam Smith's liberalism; Socialist currents; Christian social doctrines; Neoclassical school; Contemporary thinking.

Also include innovative methodologies to support the teaching-learning process used.

SOUSA, Domingos Pereira de, Economia Política. Lisboa, Edições Universitárias Lusófonas, 2021

MANKIW, N. Gregory - Introdução à Economia, tradução da 3.ª edição americana, Thomson
PORTO, M. C. Lopes, Economia - um texto introdutório , Reimpressão da 4ª edição, Coimbra, Almedina, 2017
SAMUELSON, P. & NORDHAUS, W. D., Economia, 19ª Edição, Lisboa, McGraw-Hill Portugal, 2011