Introduction to Economics

Code:

CC028

Acronym:

IECON

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2020/2021 - 2S

Active?	Yes
Responsible unit:	Department of Communication and Information Sciences
Course/CS Responsible:	Bachelor in Communication Sciences

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
CC	131	CC - Study Plan	1	-	6	46	162

Teaching language

Portuguese

Objectives

The goals of this course are fundamentally two:

(1) understand some basic economic principles and instruments; (2) understand the aggregate movements of contemporary economies.

Learning outcomes and competences

The UC intends that the approved student has acquired the following essential skills:

1 - Explain the concepts of opportunity cost and reserve price;

2 - Apply the cost-benefit principle to economic decision problems;

3 - Understand the model of supply and demand and the functioning of a perfect competition market;

4 - Master the essential aspects of the concepts of the main macroeconomic variables;

5 - Be able to critically read articles, opinion texts, macreconomic analysis bulletins in a comprehensive and critical way.

 

Working method

Presencial

Program

Parte I - Microeconomics
1. The Economy, Microeconomics and Fundamental Economic Concepts
2. Demand and consumer theory
3. Supply and producer theory
4. Efficiency and well-being
5. Industrial Organization

Parte II - Macroeconomics
1. What is Macroeconomics?
2. The Aggregate Measurement of Economic Activity
3. Labour Market
4. Economic Cycles
5. Economic Growth

Mandatory literature

Mankiw, N. Gregory; Principles of Economics, Western College Pub, 2017. ISBN: 9781305585126
Mankiw N. Gregory; Introdução à economia. ISBN: 85-352-0853-4
Frank R., Bernanke B.; Princípios de Economia, McGraw-Hill, 2012. ISBN: 9788580550962

Complementary Bibliography

Samuelson P., Nordhaus W.; Economia, McGraw-Hill, 2012. ISBN: 9789899717237

Teaching methods and learning activities

Expository and interactive classes, using audiovisual aids. 

Software

MS Excel
MS Word

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Designation	Weight (%)
Teste	60,00
Trabalho escrito	40,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	78,00
Frequência das aulas	39,00
Trabalho escrito	16,00
Total:	133,00

Eligibility for exams

Distributed evaluation without final exam:

 

The distributed evaluation consists of 2 tests and 2 group assignments.

Each test has a weight of 30% and each group assignment has a weight of 20%

 

Dates: 1st test on April 6; 2nd test no the exam day. The first group assignment must be sent until 23:59 on April 6 (by email). The second group assignment must be sent until 23:59 on the exam day (by email).

Minimum classification: passing the distributed evaluation imples a minimum classification of 5.0 points in each test.

 
All students can take the distributed evaluation.

OR

 

Evaluation by final exam.

Calculation formula of final grade

In the distributed evaluation, the final classification of the student is given by:

0.3x1st test score + 0.3x2nd test score + 0.2x1st group assignment score + 0.2x2nd group assignment score.

In the final exam, the student's final classification is given by:

MAXIMUM (exam score; 0.6x exam score + 0.2x1st group assignment score + 0.2x2nd group assignment score)

Examinations or Special Assignments

According to FLUP regulation

Special assessment (TE, DA, ...)

According to FLUP regulation

Classification improvement

According to FLUP regulation