Introduction to Economy

Part of this Programme

European Studies and International Relations

Level of Qualification|Semesters|ECTS

Bachelor | Semestral | 4

Year | Type of course unit | Language

1 |Mandatory |Português

Total of Working Hours | Duration of Contact (hours)

100 | 45

Code

ULHT450-98

Recommended complementary curricular units

n/a

Prerequisites and co-requisites

n/a

Precedences

Não

Professional Internship

Não

Syllabus

I. Fundamental concepts of the economy and the role of the State II. Schools of economic thought III. Economic science in the context of social sciences IV. Macroeconomics: object, issues and relevant issues V. Economic theory, markets, aggregate demand and supply VI. Macroeconomics versus microeconomics VII. Determination of global income, public finances and the role of the State VIII. Market structures IX. Currency, credit, monetary policy and financial markets X. Global interdependence, balance of payments, foreign exchange, international trade, trade policy and economic development XI. Economy, economic policy and economic and monetary integration XII. Development, competitiveness and globalization

Objectives

-Comprehend the fundamentals and basic concepts of economic science -Know the main economic theories and their relation to the functioning and complexity of the current economy -To understand the role of the State in the functioning of the economy -To know and characterize the fundamental macroeconomic aggregates -To understand the determinants of supply and demand behavior and the price system in the economy - Understand the main techniques of quantification of economic activity in the National Accounting framework - Understand the reasons that justify international exchanges and the importance of the balance of payments and its components -Understand the importance of money, its functions and its instruments in current economies -Know the general aspects of monetary economic integration

Knowledge, abilities and skills to be acquired

-Apply the knowledge acquired to the explanation of economic phenomena; -Interpreting the problems and relevant issues of the economy in the light of analysis and economic theory; - Communicate effectively the relevant topics of economics in the different forms of language, written, oral, graphical and numerical; -To be able to develop processes of self-learning with a high degree of autonomy and in a group context.

Teaching methodologies and assessment

1-Active methods are used through an adequate combination of the exposition of the themes by the teacher with the presentation of cases and, as well, the incentive to the research, reflection and participation of the students in the development of the themes, in order to facilitate the learning and the instrumentalization of concepts. 2-The evaluation methodology is predominantly based on the performance of tests, and the participation in the classes is encouraged and valued. The final grade will result from two tests, with a weighting of 45% each, the remaining 10% being attributed due to the active participation in the classes, due to the topics raised for debate and / or small work to be done. Alternatively, for students who do not meet the necessary conditions for continuous evaluation, a final exam will be carried out, whose approval requires a final grade of 10 (ten) or more. Continuous assessment requires at least 75% attendance.

References

Introdução à Economía (9ª edição), Neves, João César, (2013), Verbo, Lisboa
Silva, N. C. (2017), Introdução à Economia (Sebenta de apoio), Edição Universidade Lusófona
Princípios de economia, Costa, Carla Guapo (Org.), Coleção Manuais Pedagógicos, ISCP-UTL, (2011), Lisboa.
Introdução à Macroeconomia, Amaral, João Ferreira; Louçã, Francisco; Caetano, Gonçalo; Fontainha, Elsa; Ferreira Cândida; Santos, Susana, 2ª Edição, Escolar Editora, (2007), Lisboa, Portugal.
Introdução à Economia, 3ª edição, Fernando Araújo, Almedina, 2014, Coimbra
The Rough Guide to Economics, Andrew Mell&Oliver Walker, 2014, Rough Guides, U.K.
Política Monetária e Mercados Financeiros, Leão, Emanuel Reis; Leão, Pedro Reis; Lagoa, Sérgio Chilra, Edições Sílabo, (2009), Lisboa, Portugal.