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Economic Policy

Economic Policy

Code	12415
Year	1
Semester	S1
ECTS Credits	6
Workload	OT(15H)/TP(30H)
Scientific area	Economics
Entry requirements	N.A.
Mode of delivery	Face-to-face
Work placements	Not applicable
Learning outcomes	The objectives of the course are: 1) provide students with knowledge on the state of the art economic policy; 2) provide detailed knowledge on economic policy theory; and 3) promote a deeper understanding of the decision-making process in economic policy. The knowledge, skills and competences to be developed relate to: 1) understanding of the mechanisms and processes of economic policy, 2) ability to develop coherent economic discourse, and 3) building economic and financial decision-making capacity.
Syllabus	PART I - FUNDAMENTALS OF ECONOMIC POLICY 1 - Definition of economic policy 2 - Market efficiency and equity 3 - Theory of economic policy PART II - OBJECTIVES OF ECONOMIC POLICY 4 - Economic growth 5 - Employment 6 - Price stability 7 - External balance 8 - Conflict of goals 9 – Economic policy instruments PART III - ECONOMIC POLICY IN THE SHORT RUN 10 - Monetary policy 11 - Exchange rate policy 12 - Fiscal policy 13 - Incomes policy 14 - Coordination of policies PART IV - STRUCTURAL ECONOMIC POLICIES 15 - Goods and services policies 16 - Labor market policies 17 - Education policies 18 - Research and development policies PART V - ECONOMIC POLICY AND CRISIS ECONOMICS 19 – Global crisis 20 – Structural reforms
Main Bibliography	Bénassy-Quéré, Agnès, Coeuré, Benoît, Jacquet, Pierre and Pisani-Ferry, Jean, Economic Policy: Theory and practice, 2nd ed., Oxford University Press, 2019; Burda, Michael e Wyplosz, Charles; Macroeconomics - a European Text, 7ª ed., Oxford University Press, 2017; ECB; Annual Report, 2019; Acocella, Nicola, Economic Policy in the Age of Globalisation, Cambridge University Press; Illustrated edition, 2009; Scientific papers on relevant related topics.
Teaching Methodologies and Assessment Criteria	Topics of macroeconomic equilibrium and economic policy analysis are presented by the teacher during classes. Practical lectures include discussion of current reports, articles and issues relevant for the study of the particular topic in question. The final evaluation results from the weighted mark of two componentes: 1) 40% for the writing, presentation and discussion of an assignement relative to an economic policy topic; 2) 60% for a written test.
Language	Portuguese. Tutorial support is available in English.