Economy and Business Management

Code:

MV223

Acronym:

EGE

Keywords
Classification	Keyword
OFICIAL	Animal Production

Instance: 2024/2025 - 2S (of 17-02-2025 to 13-06-2025)

Active?	Yes
Responsible unit:	Veterinary Clinics
Course/CS Responsible:	Integrated Masters Degree in Veterinary Medicine

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
MIMV	90	Official Study Plan	2	-	4	56	108

Teaching language

Portuguese

Objectives

As result of the learning process the student should be able:

To make available basic knowledge that provides a better understanding of the general economic questions and specifically within agricultural and animal production

To understand the problematical aspects as a manager for a global vision of the business and putting at their disposal a package of instruments and techniques for analysis whose goal is to support the decision-making process.

To characterize the Common Agricultural Policy by identifying its goals, understanding its evolution and the various mechanisms for intervention.

Learning outcomes and competences

The student must be able to respond to the proposal objectives in the discipline.

Working method

Presencial

Program

1. Introduction
1.1. Analyzing Economic problems
The basic problem of scarcity in the economy: The questions that are raised in the economy.
1.2. Economic agents and the market
1.3. Animal production in the economic system

2. The Theory of Demand
2.1. The notion of demand for economic goods
2.2. Demand determinants
2.3. The demand functions and graphic representation
2.4. The influence of each the demand determinants
2.5. Demand curve
2.6. Price elasticity of demand
2.7. Income elasticity of demand (field curve)
2.8. Cross price elasticity of demand
2.9. Price-elasticity of demand and total Revenue
2.10. The relation between the demand curve and total field curve (expenditure)


3. Consumer preferences and the concept of utility
3.1. The characteristics of the indifference curve
3.2. Utility conception
3.3. The concept of marginal utility

4. The theory of supply
4.1. The notion of supply of goods
4.2. Determinants of supply
4.3. Supply curve shifts
4.4. Elasticity of supply

5. Market equilibrium
5.1. The effects of the shifts of supply and demand curves in a equilibrium situation
5.2. The effects in taxes and subsidies in an equilibrium situation

6. Production and costs
6.1. Production function Theory
6.2. Short and long term cost evaluation

7. Conception and market types
7.1. Perfect competition market
7.2. Imperfect competition market
7.3. Open markets to external markets

8. Organization and Business Management
8.1. The concept of Business
8.2. The objectives of the enterprise
8.3. Business Classification
8.3.1. Juridical form
8.3.2. Economic Classification
8.3.3. Dimension
8.3.4. Proprietary means of Production

9. Busniess Management
9.1 -The Organization
9.2. Planning
9.2.1. Planning objectives
9.2.2. Types of Planning
9.2.3. Planning Techniques: Gantt graphic and PERT model

10. Organizational Structure. Structural types: linear; functional; “line and staff”
10.1. Characterization of Staff Functions
10.2. Motivation
10.3. Leadership

11. Management of stocks
11.1. Objective for Management of stock
11.2. Defining stocks
11.3. Utility and inconvenience of stocks
11.4. Basic Variables in the management of stocks

12. Management of Financial Resources
12.1. Real Flows and Financing flows
12.2. Instruments based on Financial Analysis
12.2.1. Balances
12.2.2. Income statement (account)
12.3. Methods for Economic-financial Analysis
12.3.1. Financiais ratios analysis
12.3.2. Historical analysis of balance sheets and income statements
12.3.3. Comparison between both components of balance sheet/assets and habilities

13. Common Agriculture Policy (CAP)
13.1. Goals and reasons
13.2. The main steps of CAP evolution
13.2.1. CAP reform on 1992
13.2.2. AGENDA 200 reform
13.3. The intercalate revision of 2003
13.4. Integrated rural development policies

Mandatory literature

BESANKO, David; BRAEUTIGAM, Ronald R. ; Microeconomics. , Ed John Iley & Sons, Inc., 2007
HENRIQUES, Pedro D.; CARVALHO Maria Leonor. S.; BRANCO, Manuel C.; BETTENCOURT, Elisa M. ; Economia da Saude e da Produção Animal, Edições Sílabo, 2004. ISBN: 972-618-347-2
CHIAVENATO, Idalberto ; Administração. Teoria, Processo e Prática , CHIAVENATO, Idalberto (2000). Administração. Teoria, Processo e Prática. Brasil: 3ª Ed. Makron Books , 2000
SAMUELSON, P e NORDHAUS, W; ECONOMIA, Ed. Mc Graw Hill
FRANK, Robert: BERNANKE, Ben; Principios de Economia, Mc Graw Hill, 200
Maçães, Manuel ; Manual de Gestão Moderna, ACTUAL, 2018
Reis, Felipa Lopes; Manual de Gestão das Organizações, Edições Síbalo, 2019. ISBN: 978-972-618-955-8

Complementary Bibliography

NEVES, J.L.C ; Introdução à Economia, Ed. Verbo, Lisboa., 1993
HAMPTON; Administração: processos administrativos. , São Paulo: McGraw-Hill, 1990

Teaching methods and learning activities

The discipline consists of theory and applied classes, using lecture, discussion, and readings concerning the themes in the program. For some subject, the lectures will use specialist.

Student participation in 75% of the classes is mandatory.

The evaluation of the discipline is done through a final exam.

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Designation	Weight (%)
Exame	95,00
Participação presencial	5,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	52,00
Frequência das aulas	56,00
Total:	108,00

Eligibility for exams

Student participation in 75% of the classes is mandatory.

Calculation formula of final grade

For approval are required first and second exams or a final exam.

If the student scored less than 8 (eight) for one of each exam, is required the final exam, with the first exam having a power of 40% ande the second exam a power of 60% for the final classification 

The average of two exams must be at least 9,5 (nine,five) 

The approval is obtained minimum score of 9,5 (nine,five)