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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; The Monetary Policy of the ECB, 2011;
Acocella, Nicola, Economic Policy in the Age of Globalisation, Cambridge University Press, 2005;
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.
Last updated on: 2020-01-29

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