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Political Economy

Code 15456
Year 2
Semester S1
ECTS Credits 6
Workload TP(60H)
Scientific area Economics
Entry requirements NA
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, analysing why different individuals and groups support or oppose public policies;
2. Examine economic fluctuations and related price and employment movements;
3. Debate the role of markets and the size and the government intervention
4. Understand the links between deficits, debt and crisis, advancing well-informed arguments;
5. Understand structural imbalances and discuss the economic, social and political implications of fiscal austerity policies;
6. Examine market labor performance, their income distributional effects and the dynamics of social pacts;
7. Discuss the effects of economic crisis on political polarisation dynamics;
8. Develop intellectual and personal transferable skills.
Syllabus
I - What is Political Economy?
II - Economic Fluctuations, Prices and Employment
III - Markets and Size and Government Intervention
IV. Deficit and Public Debt: From Concepts to History and Policies
V – Debating Austerity: Recession e Recovery
VI - Labour Markets, Inequality and Social Pact
Main Bibliography Compulsory Readings
Texts announced in the course scheduling and description, available on the Moodle platform.

Additional Readings
OATLEY, Thomas, 2019. International Political Economy. 6rd Edition. New York: Routledge.
CORE PROJECT (2022, September 17). Economy, Society, and Public Policy: Retrieved from https://www.core-econ.org/espp/book/text/0-3-contents.html
HA-JOON CHANG (2014). “Leviathan or the Philosopher of the King? The Role of the State”, Economics: The User’s Guide, Pelican Books, Chapter 11: 170-182.
MAZZUCATO, M (2013). The Entrepreneurial State: Debunking Public vs. Private Sector Myths, London: Anthem Press.
LINDERT, P. (2004). Growing Public: Social Spending and Economic Growth since the Eighteenth Century, Cambridge: Cambridge University Press. Vols 1 & 2.
Teaching Methodologies and Assessment Criteria 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 resources available online (Moodle), as well as a close contact with instructor. All lectures will be based on interactive teaching and learning dynamics. Students are strongly advised to take active part in the lessons.
The module uses two forms of assessment, final test and participation, to evaluate different skills and abilities. The participation aims to evaluate students’ capacity to organise work, use well-informed arguments and communicate effectively, orally.
Language Portuguese. Tutorial support is available in English.
Last updated on: 2024-01-22

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