Code: 61022
Departament: Department of Social Sciences and Management
Field of Study: Economics
    1. Agents
    2. Choice
    3. Value
    4. Economic Cycles
A definir | To be defined

Course Description:
This course unit aims at: (1) providing students with an integrated knowledge on basic principles of economic science, (2) demonstrating the importance and relevance of economics in practice, and (3) laying the theoretical foundations and concepts support to deepening studies on economic science, specially concerning Macro and Microeconomics.

At the end, students should be able to:
• Analyse the economic discourse and economic reality;
• Build new knowledge concerning the functioning of the economy as a whole, as well as in the more restricted business world.

Part I - Fundamental principles of Economics
• Chapter 1 - The Economy
• Chapter 2 – Demand, supply and elasticity
• Chapter 3 – Analyze in demand perspective
• Chapter 4 - Analyze in supply perspective

Part II – Macroeconomic environment
• Section A – Economic environment and global economy
• Section B – Aggregate supply and demand
• Section C – Macroeconomic equilibrium

Part III - Macroeconomic policies
• Section A – Economic policies
• Section B – Fiscal and monetary policies
• Section C – Macroeconomic policies on the supply side

Compulsory reading:

•    Carvalho, Luísa (2014) “Microeconomia e Macroeconomia: Conceitos económicos fundamentais para a gestão das organizações” Edições Sílabo, 2ª edição

Optional reading:

•    Samuelson, Paul A. & Nordhaus, William D. (2005). Economia, McGraw-Hill (any edition from 18th ed. on, 2005).
•    Begg, D.; Vernasca, G.; Dornbusch, R.; Fisher, S. (2014) “Economics” McGraw Hill, 11edition


Workload (hours): 156
Contact Hours: 15

Continuous assessment is privileged: 2 or 3 digital written documents (e-folios) during the semester (40%) and a presence-based final exam (p-folio) in the end of the semester (60%). In due time, students can alternatively choose to perform one final presence-based exam (100%).

Competence in English language is recommended.

Language(s) of Instruction: Portuguese.

Contact for virtual mobility students: Communication and International Relations Office –