Principles of Economics

Code:

FLUP0453

Acronym:

FUNDEC

Instance: 2006/2007 - 2S

Active?	Yes
Web Page:	http://www.fep.up.pt/docentes/moutinho/icicom/index.html
Responsible unit:	Department of Journalism and Communication Sciences
Course/CS Responsible:	Journalism and Communication Sciences

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
JCC	15	Official Study Plan - LJCC	3	4	6	-
		Official Study Plan - LJCC	3	4	6	-

Teaching language

Portuguese

Objectives

The main aim of this subject is to provide Journalism and Communication Sciences undergraduates with a good grounding in microeconomics and macroeconomics.
Based on the fact that Economics is a way of thinking and not a set of facts to be memorized, this subject is designed to develop students' ability to think economically through the analysis of concepts which are considered to be the essence of the groundwork of Economics.

Program

Part I – MICROECONOMICS

1.1. Introduction
1.1.1. The economical issue
1.1.2. Economical systems
1.2. Model of supply and demand
1.3. Supply
1.3.1. Production costs
1.3.2. Market structures.

Part II – MACROECONOMICS

2.1. National Production and Income
2.2. Grounds of aggregate supply and demand
2.3. Money and commercial bank
2.4. Production and economic growth
2.5. Economic cycles and unemployment
2.6. Inflation: causes and costs
2.7. Budgets and Tax Policy
2.8. Exchange rates

Main Bibliography

Mankiw, N. Gregory – Introdução à Economia. Editora Campus, Elsevier. 7.ª edição
Samuelson e Nordhaus - Princípios de Economia. McGraw-Hill, 6ª edição.
Frank, Robert e Ben Bernanke – Princípios de Economia. McGraw-Hill, 1.ª edição

Teaching methods and learning activities

Use of applications of the real world to teach the main macro and micro economic concepts

Software

No specific software required.

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Description	Type	Time (hours)	Weight (%)	End date
Subject Classes	Participação presencial	0,00
	Total:	-	0,00

Eligibility for exams

Minimum class attendance (2/3 of the classes) is required for those who choose evaluation distributed throughout the semester.

Calculation formula of final grade

Assessment distributed throughout the semester (30%) and an exam (70%). Alternatively, a final exam (counting for 100% of the final mark).

Examinations or Special Assignments

Not applicable.

Special assessment (TE, DA, ...)

According to the Assessment Regulations in force.

Classification improvement

According to the Assessment Regulations in force.

Observations

Language of instruction: Portuguese.