Macro and microeconomic theory

Recommended Prerequisites

The pre-requisites of this course are those corresponding to the application for the MSc course CMM.

Teaching Methods

The teaching methods of lectures aim at the global learning of the discipline.

The lectures are supported in the literature and presentations, with the support of media. There is an opportunity to discuss the concepts and more difficult issues. Occasionally students are invited to attend lectures by visiting specialists. Tutorial lessons (22.5 hours) will be to answer questions and to help in the final project.

Learning Outcomes

Dublin descriptors

1. Knowledge and ability to understand

1.1. Understanding and using concepts of the theoretical foundations for bridge structures

1.2. Understand the structure of discipline and connection with others

1.3. Ability to synthesize information

2. Application of Knowledge and Understanding

2.1. Apply knowledge to solve problems in new situations

3. Realization of judgment / decision making

3.1. To interpret data, support and argue orally and in writing of certain decisions

4. Communication

4.1. Understand and know how to use sources of information. Ability to use research and literature

4.2. Learn adequately convey the knowledge, even for non-specialist audiences

5. Self-learning skills

5.1. ability to learn independently throughout their lives.

Work Placement(s)

No

Syllabus

1. Introduction to Economics

Basic Concepts.

2. Microeconomics

Supply, demand and market equilibrium. Production and production costs. Fixed and variable factors of production. Market structures applied to civil engineering.

3. Macroeconomics

Theoretical and macroeconomic policy. National accounts. The market for goods and services. IS-LM analysis. Inflation. External sector. Fiscal policy and public deficit. Growth and socio-economic development.

4. Study case.

Assessment Methods

Continuous
Project: 50.0%
Exam: 50.0%

Bibliography

Samuelson, P.A and Nordhaus, W.D. – Economics, 18th edition, McGraw-Hill, International Edition, 2005.