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Class Introduction to Economy

  • Presentation

    Presentation

    Understand the framework of economic analysis, the functioning and dynamics of the economy, as well as emerging aspects related to the new technological ecosystem and the environment, with an impact on the economy, not only to acquiring knowledge but also to developing application skills to concrete situations, at a theoretical and practical level. It is also intended to stimulate the critical spirit in relation to economic problems and the ability to analyze and discuss duly substantiated.

  • Code

    Code

    ULHT11-98
  • Syllabus

    Syllabus

    . I. THE FRAMEWORK OF ECONOMIC ANALYSIS

    • The. The economic reasoning
    • The economic circuit
    • The “Law” of supply and demand and the explanation of prices
    • The “Currency” at the heart of the economic relationship
    •  Macroeconomics versus Microeconomics

    II. FUNCTIONING OF THE ECONOMY

    • “PRODUCTION” as a function of capital and labor
    • Financing of the economy
    • Investment
    • Consumption
    • Savings
    • Welfare state and redistribution
    • Economic Policy
    • International trade analysis

    III. THE DYNAMICS OF THE ECONOMY

    • Growth and development
    • Crises and fluctuations
    • Inflation
    • Innovation
    • Competition
    • The technology ecosystem, the environment and the economy
    • Heterodox approaches
  • Objectives

    Objectives

    Goals:
    • Understand the general framework of economic analysis;
    • Analyze the functioning of the economy in terms of its most relevant functions;
    • Understand the dynamics of the economy and the current context of complexity and uncertainty 

    Skills and competences to be developed:

    • Apply reading grids and acquired knowledge to explain economics phenomena;
    • Interpret the relevant economic issues related to analysis and theory economic;
    • Effectively communicate the relevant issues of the economy in the different forms of language, written, oral, graphic and numerical;
    • Be able to develop self-learning processes with a high degree of autonomy and in a group work context.

  • Teaching methodologies and assessment

    Teaching methodologies and assessment

    The UC uses active student-centered teaching-learning methods, through an appropriate combination of exposing the syllabus with the discussion of topics and specialized articles of general interest, prompting critical reflection, and promoting group dynamics, as well as self-learning through consultation of specialized sources and websites, duly guided by the professor.

  • References

    References

    • Neves, J.-C. (2017), Introdução à Economia, (11ª edição), Editorial Verbo, Lisboa, ISBN: 9789722230568.
    • Fernandes, A.; Pereira, E.; Bento, J.; Madaleno, M.; Robaina, M. (2021), Introdução à Economia, (3ª edição), edições Sílabo, Lda, Lisboa 989-561-149-2
    • Abreu, Margarida; Afonso, António; Escária, Vítor e Ferreira, Cândida (2018), Economia Monetária e Financeira, (3ª edição), Escolar editora; ISBN 978-972-592-533-1
    • Amaral, João Ferreira; Louçã, Francisco; Caetano, Gonçalo; Fontainha, Elsa; Ferreira Cândida; Santos, Susana, (2007), Introdução à Macroeconomia, 2ª Edição Escolar Editora, Lisboa, ISBN 978-972-592-206-4.
    • Araújo, Fernando (2014), Introdução à Economia, Almedina, Coimbra, ISBN: 9789724024592
    • Walker, Andrew Mell&Oliver(2014), The Rough Guide to Economics, Rough Guides, Penguim books, U.K, ISBN: 9781409363972
    • Mankiw, N. Gregory (2017), Principles in Economics, Cengage Learning; 8 edition
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