Introduction to Economics

Code:

LRI010

Acronym:

INTECO

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2022/2023 - 1S

Active?	Yes
Responsible unit:	Department of Germanic Studies
Course/CS Responsible:	Bachelor in Languages and International Relations

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
LA	67	Study plan	2	-	6	41	162
LRI	120	Study plan	1	-	6	41	162

Teaching language

Portuguese

Objectives

Provide students an introduction to the fundamentals of economics. Explain the economic approach to topics widely covered in the social sciences, such as changes in income distribution, poverty, scarcity and unemployment, with applications to the Portuguese case.

 

Learning outcomes and competences

By the end of the semester, students should be able to apply correctly basic economic concepts and methods and develop a critical and reflexive stand in analyzing economic information. They should also be able to develop their oral and writing skills related to economic knowledge.

Working method

Presencial

Program

1. Introduction


2. Supply and Demand


3. Government intervention


4. Production and Costs


5. Profit Maximization and Market Structures


6. Growth Rates and Percentage Points


7. Gross Domestic Product and Inflation


8. Market for Production Factors


9. Business Cycles and Economic Policy

Mandatory literature

Samuelson, P. e W. Nordhaus ; Economics, 19ª edição, Mc-Graw-Hill., 2010

Complementary Bibliography

Frank, R. e B. Bernanke; Principles of Economics, 6ª edição, McGraw-Hill, 2016
Krugman, P. e R. Wells ; Economics, 4ª edição, Worth Publishers., 2015
Mankiw, N. ; Principles of Economics, 7ª edição, South-Western College Pub., 2015

Teaching methods and learning activities

The learning process is based on theoretical-practical lessons (TP), which are dedicated to the theoretical description of the topics covered in the syllabus, illustrating with practical examples, mostly related to the Portuguese case.

In addition, exercises covering the main topics of the course are solved and a discussion about several economic phenomena is promoted, encouraging the participation of the Students.

Students also benefit from personal attending sessions, in which they discuss any questions regarding the course, its topics and materials. All course materials (e.g., slides, texts, assignments) are available to all students registered in the course at SIGARRA.

The adopted method of evaluation is one of “distributed evaluation with final exam”. The final mark corresponds to the weighted average of the exam classification (70%) and the classification obtained in the essay component (30%).

keywords

Social sciences > Economics

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Designation	Weight (%)
Exame	70,00
Trabalho escrito	30,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	121,00
Frequência das aulas	41,00
Total:	162,00

Eligibility for exams

According to FLUP’s regulations. The final grade corresponds to a weighted average of the grade obtained in the final exam and in the essay component. Students without a passing grade may take the resit exam.

Calculation formula of final grade

The final mark corresponds to the weighted average of the exam classification (70%) and the classification in the essay component (30%). Students have also to conclude all the components of assessment with a minimum mark of 8 points (out of 20).

Special assessment (TE, DA, ...)

According to FLUP’s regulations.

Classification improvement

According to FLUP’s regulations. The final mark corresponds to the weighted average of the exam classification (70%) and the classification in the essay component (30%). Only the final exam component can be subject to classification improvement. The essay component is not subject to classification improvement.