Cursos / 1º Ciclo / Faculty of Economy and Business Management :: Economics

POLÍTICA ECONÓMICA - 2021/2022

3º curricular year
Semestralidade: 1st semester
ECTS: 6

Teachers

Leading Teacher: Prof. Doutora Erika Laranjeira
Assistant Professor: Prof. Doutora Erika Laranjeira

Class type and School hours

Orientação Tutorial : 1 Horas
Teórico-prática : 2 Horas

Teaching Language

Portuguese

Main Aims/Objectives

Understand the fundamentals of Economic Policy and frame them in the economic reality both at a structural and a conjunctural level.

Specific Aims/Objectives

Explain the mechanisms and reasoning of economic policies; analyze the functioning and effects of economic policies in industrialized countries; examine the Portuguese economic reality in view of the European integration and the globalization; and identify the possible methods and forms to shape a coordinated economic policy strategy.

Skills to be acquired

Understand Economic Policy and make scientific judgements about it.

Teaching Procedures

Participated expository lectures.

Programme

1. Introduction to Economic Policy
1.1. Normative Theory versus Positive Theory
1.2. Instruments and Objectives of Economic Policy

2. Monetary Policy
2.1. Currency and inflation
2.2. Monetary Policy Instruments
2.3. Monetary Policy Transmission Mechanisms
2.4. Difficulties
2.5. Monetary Policy in the Euro Area

3. Budget Policy
3.1. Automatic Stabilizers versus Discretionary Budget Policy
3.2. Budget Deficit and Public Debt
3.3. Objectives of the Budget Policy
3.4. Budget Policy Instruments
3.5. Stability and Growth Pact

4. Exchange Policy
4.1. Purpose of the Exchange Policy and Regime
4.2. The Euro as an International Currency

5. Income Policy

6. Clashes, Policies and Interdependencies
6.1. Relative Effectiveness of Monetary and Fiscal Policies
6.2. Conflict of Objectives

Evaluation Type

Two tests.

Teaching Resources

Powerpoints (Moodle), selected bibliography, internet.

Sustainability Objectives

Keywords

Policy
Polititians
Governments
Economy
Portugal
European Union
Euro area
Twenty-first century

Main Bibliography

Complementary Bibliography