Political Economics

 

Human Resources Management and Organisational Behaviour, Publication in the Diário da República - Despacho nº 1887/2016 - 05/02/2016

5 ECTS; 1º Ano, 1º Semestre, 30,0 T + 30,0 PL + 15,0 OT

Lecturer
- Sérgio Paulo Leal Nunes

Prerequisites
Not applicable.

Objectives
The students should be able to: a) Understand and describe economic issues b) Use statistical and bibliographical data sources to obtain the relevant information for specific problems c) Write reports on economic issues d) Solve applied exercises

Program
1. INTRODUCTION
1.1. What is the economy: perspectives and object
1.2. The problem of scarcity and economic goods
1.3. The interdisciplinarity of the economy
1.4. Notes on economic analysis techniques
2. Search, offer and equilibrium
2.1. Graphic analysis of demand and supply
2.2. Elementary demand theory
2.3. Elementary Offer Theory
2.4. Elementary pricing theory
3. The elasticity
3.1. The concept, graphical representation and numerical analysis
3.2. The elasticity of demand
3.3. The elasticity of the offer
3.4. Cross-elasticity
3.5. Elasticity and sales
4. The theory of the company
4.1. The company and profit maximization
4.2. The production function
4.3. The cost functions
5. Market structures
5.1. Perfect competition
5.2. Imperfect competition
6. The panoramic view of the economy
6.1. The main macroeconomic issues
6.2. Macroeconomic policies
6.3. The issue of aggregation
7. Economic activity measurement
7.1. The Gross Domestic Product
7.2. Unemployment rate
7.3. Price level and inflation
8. Economic growth and productivity
8.1. Growth rates and life levels
8.2. Work Productivity: Concepts and Determinants
8.3. Economic growth: costs and limits

Evaluation Methodology
The evaluation should not be considered as the main objective of learning performed. It should be taken, only (even inevitable), as one of its consequences.
The rating will take the form of a "evaluation portfolio".
The student has the possibility to construct, through monographs, reports, tests, reflections, integration into applied research projects, etc., up to 50% of its final grade.
The weighting of each evaluation moment is decided by the student, duly guided by the teacher.
The aim is that the student takes an active and responsible party in its evaluation, within a limit considered scientific and pedagogically reasonable.
The continuous evaluation will thus have the following components as support:
• The classification obtained at the frequency (carried out on the last day of semester classes): (50-100% of the overall quotation);
• The presentation and discussion of practical work, individually developed (or in group): (0% -50%) of the overall quotation).

Comments
• The operating logic of the discipline is designed and will be developed for students in a face-to-face system.
• At no time of evaluation during the continuous evaluation period the student may have a classification of less than seven values.
• Students who do not obtain use during the continuous evaluation period may be examined (valued at 100%) in a designated period

Bibliography
- Frank, R. e Bernanke, B. (2033). Princípios de Economia. Lisboa: McGraw-Hill
- Krugman, P. e Wells, G. (2014). Essentials of Economics. New York: Worth Publishers

Method of interaction
Theoretical classes; Practical classes; Individual and group and reflection and discussion work before key issues of the present.

Software used in class
Not applicable.