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Political Economy

Code 13161
Year 3
Semester S1
ECTS Credits 6
Workload TP(60H)
Scientific area Economics
Entry requirements Not required.
Mode of delivery The learning process combines classroom learning, lectures and debate-based sessions, with independent study, individually or in group. These activities are supported by e-learning activities and online resources, as well as a close contact with instructor. All lectures will be based on interactive teaching and learning dynamics. Students are strongly advised to attend and take active part in the lessons.
Learning outcomes Aims:
1. Understand interactions between Politics and Economics, and its role in determining economic outcomes;
2. Understand and debate relevant economic topics using political-economic rationale;
3. Develop generic intellectual and personal transferable skills.
Students should be able to:
1. Understand that economic decisions are shaped by conflicts between state, market and society powers,
2. Examine redistributive effects of economic and political decisions;
3. Explain, applying concepts and using diagrams and examples, the contents of the subject;
4. Discuss economic and political implications of the issues studied
5. Debate how the different actors exert influence on the public policy decisions and its outcomes;
6. Formulate reasoned arguments, synthesize information and exercise critical judgement;
7. Communicate ideas effectively, both orally and in writing.
Syllabus 1. Analytical Framework: Politics and Economics 2. Output Gap, Unemployment and Inflation 3. Government Size and Intervention 4. Monetary Policy, Central Banks and Governments 5. Economic Reforms and Adjustment Policies 6. Economic Growth and Income Inequality 7. Public Goods, Common Resources and Sustainability
Main Bibliography RAVENNILL, John (ed)., 2007. Global Political Economy, Oxford, Oxford University Press.

STIGLITZ, J., OCAMPO, J., SPIEGEL, S., FRENCH-DAVIS, R. and NAYYAR; D. (2006). Stability with Growth: Macroeconomics, Liberalization and Development, New York, Oxford University Press.

MANKIW, Gregory, 2009. Principles of Economics, South-Western Cengage Learning, (EG-5.0-00380/81).

A reading list of texts and materials announced in the course scheduling and description made available on the Moodle.

Language Portuguese. Tutorial support is available in English.
Last updated on: 2022-01-23

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