Economy Introduction

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Objectives

The main objective of the Introductory Economics course unit is to provide students with a first contact with economic concepts fundamental to their daily lives as citizens, engineering, science and technology professionals, and consumers. Students are expected to gain an understanding and familiarity with basic and structuring issues in societies such as unemployment, inflation, GDP and economic growth, globalization, inequality, innovation, the role of the economy in climate change, sustainability, andsocial responsibility. After completing this course students should be qualified with the necessary skills to understand the economic environment in which their professional activity will unfold, across established companies, start-ups, and government institutions.

Program

1. Markets, efficiency and the role of the Government
2. GDP and economic growth, innovation and technological progress
3. Inflation, unemployment and inequality
4. Banks, money and the credit market; financial crises and globalization
5. Economic Policy
6. Economy, environment and climate change
7. Digital Economy, information, and social challenges

Teaching Methodologies

Aapplied mini project on one of the course topics (25%) + mini test (25%) + exam (50%)


Note that the contact hours P field should be filled with 0.75, but because of the 3 characters insertion limit, the final 5 is truncatedand only 0.7 appears.

Bibliography

* The Economy – https://www.core-econ.org/the-economy/book/text/0-3-contents.html;
* Economia do Bem Comum, Jean Tirole, 2018, Guerra e Paz;
* Principles of Economics, Gregory Mankiw, 8th edition, 2018, Cengage;
* Foundations of Real-World Economics, John Komlos, 2nd edition, 2019, Routledge, Taylor and Francis Group.

Code

01061263

ECTS Credits

6

Classes

  • Teóricas - 14 hours
  • Teórico-Práticas - 10.5 hours

Evaluation Methodology

  • Mini Tests: 25%
  • Exam: 50%
  • Individual and/or Group Work: 25%