Economics I

 

Business Administration, Publication in the Diário da República - Despacho nº 3393/2016 - 04/03/2016

6 ECTS; 1º Ano, 1º Semestre, 60,0 TP

Lecturer
- Sérgio Paulo Leal Nunes

Prerequisites
Not applicable

Objectives
Students should be able to: a) to understand the concepts, theories, models and economic economic and relevant economic policies; b) Develop identification, analysis and solving capacities of economic nature; (c) apply calculating techniques used by current economic science

Program
1. Macroeconomics: the panoramic view of the economy
1.1. The main macroeconomic issues
1.2. Macroeconomic policies
1.3. The issue of aggregation
2. Economic activity measurement
2.1. The Gross Domestic Product
2.2. Unemployment rate
2.3. Price level and inflation
3. Economic growth and productivity
3.1. Growth rates and life levels
3.2. Labor Productivity: Concepts and Determinants
3.3. Economic growth: costs and limits
4. Employment and wages
4.1. Trends in the labor market
4.2. The offer and demand in the labor market
4.3. Real wages and employment
4.4. Unemployment: Types and Costs
5. Savings and capital formation
5.1. Savings and wealth
5.2. National savings and their components
5.3. Investment and capital formation
5.4. Financial markets
6. Aggregate search and short-term production
6.1. Simple Keynesian model
6.2. The aggregate demand
6.3. Stabilize aggregate demand: the role of budgetary policy

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).

Bibliography
- Bernanke, B. e Frank, R. (2012). Princípios de Economia. Lisboa: McGraw-Hill
- Nordhaus, W. e Samuelson, P. (2011). Economia. Lisboa: McGraw-Hill

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