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 .

Not applicable

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.

  Classes are taught in a theoretical-practical way so that the student learns more objectively and in substance the subjects. Dialogue and constant interaction are promoted.  

SOUSA, Domingos Pereira de, Economia Política. 2.ª edição. Lisboa, Edições Universitárias Lusófonas, 2023 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