Macroeconomic Policy

Code	18189
Year	1
Semester	S1
ECTS Credits	6
Workload	TP(30H)
Scientific area	Economics
Entry requirements	NA
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 competences 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.
Syllabus	1. Macroeconomic Equilibrium 1.1. IS-LM and Aggregate Demand 1.2. Labour Market and Aggregate Supply 1.3. Prices and aggregate production in equilibrium 1.4. Aggregate Demand policies and response to shocks 2. Macroeconomic Policies 2.1. Fundamentals and objectives of economic policy 2.2. Monetary policy 2.3. Fiscal policy 2.4. Income policy 2.5. Structural economic policies 2.6. Policies coordination 2.7. European Union Institutional framework of economic policy
Main Bibliography	Heijdra, Ben J., 2017. "Foundations of Modern Macroeconomics”, OUP Catalogue, Oxford University Press, edition 3, 9780198784135 Benassy-Quere, Agnes & Coeure, Benoit & Jacquet, Pierre & Pisani-Ferry, Jean, 2018. "Economic Policy: Theory and Practice”, OUP Catalogue, Oxford University Press, edition 2, 9780190912109 Christopher Tsoukis, 2020. “Theory of Macroeconomic Policy”, OUP Catalogue, Oxford University Press, edition 1, 9780198825388 Burda, Michael & Wyplosz, Charles, 2022. "Macroeconomics: A European Text”, OUP Catalogue, Oxford University Press, edition 8, 9780192893574 Sotomayor, Ana Maria, 2024. “Princípios de Macroeconomia”. Rei dos Livros, edition 2, 9789898823816 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.
Language	Portuguese. Tutorial support is available in English.