Economics and Management

Code:

EC0010

Acronym:

EGES

Keywords
Classification	Keyword
OFICIAL	Territory Planning and Environment

Instance: 2007/2008 - 2S

Active?	Yes
Web Page:	https://www.fe.up.pt/si/FICHA_DISCIPLINA.CONFIRMACAO?p_cad_codigo=EC0010&p_ano_lectivo=2007/2008&p_periodo=2S
Responsible unit:	Spatial Planning and Environment Division
Course/CS Responsible:	Master in Civil Engineering

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
LEC	0	Plano de estudos de transição para 2006/07	1	4	4	35	106
MIEC	327	Syllabus since 2006/2007	1	-	4	35	106
		Plano de estudos de transição para 2006/07	1	-	4	35	106

Teaching language

Portuguese

Objectives

The main goals pursued with the subject of Economics and Management are:
· Enhancement of the matter and method in the fields of knowledge of Economics and Management, and their respective importance in the scope of the degree in Civil Engineering.
· Development of basic concepts and methods in macroeconomics and microeconomics, in order to the integration of the future engineer in a global environment where the techniques interact continuously with economic and other aspects of the environment.
· Exposition of the main tendencies of economic and management thinking, and the way they allow the interpretation of current information in theses fields, namely in those more closely related to the civil engineering activities.
· Perception of the functioning of the Economics and Management, as well as the main questions and challenges faced by organizations and by the Portuguese economic policy in the European context, and the new problems that surrounds it.
· Assimilation of calculation and economic analysis tools essential to the critical insertion of the individual in the world that surrounds him.
· Explanation of the concepts of open firm, and of the main factors (external and internal and respective interactions) and social and economic tendencies of evolution that exert influence on its functioning, and respective implications in the organization management processes (political, economic, environment, technological, social and cultural factors).
· Enhancement of the different management sub-systems, particularly the financial one (interpretation of financial and accounting tools of a firm).
· Explanation of the strategy formulation process, of strategic analysis methods, and presentation of alternative standard strategies.
· Development of the skills of economic and financial analysis of firms and organizations, and evaluation of investment projects.

Program

Chapter 1 Concepts and basic principles of Economics. The great tendencies of economic thinking.
Chapter 2 The economic problem and its solutions. The economic agents behaviour. The market mechanism.
Chapter 3 Analysis of consumer and producer theories. Basic elements. The general equilibrium model.
Chapter 4 Presentation of the main aggregates: product, expenditure and revenue.
Chapter 5 The economic cycles. Characteristics and manifestation forms. The mechanism of the cycle. Periods of the cycle and their characterization. The Keynesian approach. The role of the State in the rethrowing of the economy.
Chapter 6 Economic policy, budget policy, monetary policy and cambial policy. Brief reference to the different perspectives of the neoclassical and the Keynesian school.
Chapter 7 The Portuguese integration in the Economic and Monetary Union and their implications on the economic policy. The situation in the sectors of civil construction and public works.
Chapter 8 Basic concepts of firm. Brief presentation and critical comment to the main theories of organization and management.
Chapter 9 Models of organizational structures. Characterization, main advantages and limitations.
Chapter 10 The finantial function in the firm. Financial information.
Chapter 11 The Balance-Sheet: structure, component parts and main balances.
Chapter 12 The Profit and Loss Statement.
Chapter 13 Methods of finantial analysis. Analysis of liquidity, activity, solvability and profitability.
Chapter 14 Analysis of investment projects. Main criteria for the evaluation of projects.
Chapter 15 Strategic management of firms. Methodologies for strategic analysis, and alternative strategies.

Teaching methods and learning activities

In the theory classes will be presented the important concepts and results of the different subjects handled, emphasizing its importance in the upcoming professional activity of civil engineering, and turning to clear examples and case studies. Appeal to the understanding of the concepts and their application and inter-relations, and to the interpretation of different economic, financial and management information.
In the practical classes, the student is lead, in a first stage, to the interpretation of economic and management information from different sources, and to the resolution of selected problems, and in a second stage, to the integrated application of the concepts learned in the sense of the resolution of case studies reflecting decision making processes considering a concrete strategic management problem a firm/organization can potentially face.

Evaluation Type

Evaluation with final exam

Eligibility for exams

Not exceeed the limit of absences previewed in the General Evaluation Norms.
Realization of the group and individual works.

Calculation formula of final grade

Final Exam - 16 values
Group work in the field of economics - 2 values
Individual work in the field of management - 2 values

Examinations or Special Assignments

Group work in the field of economics
Individual work in the field of management

Special assessment (TE, DA, ...)

Realization of a global final exam, including the global matter teached.

Classification improvement

Realization of a global final exam, including the global matter teached.

Observations

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Working time estimated out of classes: 2 hours