| Code |
15628
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| Year |
1
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| Semester |
S1
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| ECTS Credits |
6
|
| Workload |
TP(45H)
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| Scientific area |
Economics
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|
Entry requirements |
Does not have.
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|
Learning outcomes |
The objectives of the course are:
1) consolidate students' knowledge regarding the main determinants of macroeconomic equilibrium in the short and long run, as well as regarding economic fluctuations;
2) provide students with knowledge on the state of the art economic policy, on economic policy theory and promote their understanding of the decision making process in economic policy.
The knowledge, skills and competencies to be developed relate to:
1) understanding of the mechanisms and processes of aggregate supply and demand and economic policy,
2) ability to develop coherent economic discourse, and
3) economic decision-making capacity.
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Syllabus |
PART I – MACROECONOMIC EQUILIBRIUM
1. IS-LM Model and aggregate demand
2. Labour market and aggregate supply
3. Prices and aggregate production in equilibrium
4. Aggregate demand policies and response to choques
PART II – MACROECONOMIC POLICIES
5. Fundamentals and objectives of economic policy
6. Monetary policy
7. Fiscal policy
8. Incomes policy
9. Structural economic policies
10. Coordination of policies
11. Economic policy institutional framework in European Union
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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.
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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 components:
1) 40% for the writing, presentation and discussion of an assignment relative to an economic policy topic;
2) 60% for a written test.
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Language |
Portuguese. Tutorial support is available in English.
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