Economic Policy

Recommended Prerequisites

Microeconomics; Macroeconomics; Monetary Economics; Economic Growth and Development; Public Economics and Finance; English knowledge.

Teaching Methods

Lectures and tutorials
Theoretical component:
- Presentation of fundamental theoretical contents and case studies of national and international reality.
Practical component:
- Exercise solving.
- Statistical analysis of data.
- Encouraging "learning by doing": students are encouraged to solve practical exercises as independently as possible.

Learning Outcomes

Overall objectives:
To understand the foundations and principles of economic policy; the economic policies in the short run and the structural economic policies.
Specific objectives:
To understand the behavior of policymakers; the business cycle, the exchange rate, fiscal and monetary policies, and the infrastructure, education and research and development policies.
Generic competencies:
To be able to read, communicate and discuss economic policy documents using the most appropriate languages.
Specific competencies:
To be able to verify stylized facts with econometric software and solve problems about stabilization and structural economic policies.

Work Placement(s)

No

Syllabus

I. Foundations of Economic Policy
I.1. The Concept of Economic Policy
I.2. Public Intervention and the Functions of Economic Policy
I.3. Economic Policy Evaluation
II. Economic Policy in a Complex World
II.1. The Limits of Economic Policy
II.2. Living with Interdependence
III. Economic Policies in the Short Run
III.1. The Business Cycle
III.2. Exchange Rate Policy
III.3. Fiscal Policy
III.4. Monetary Policy
IV. Structural Economic Policies
IV.1. Infrastructure Policy
IV.2. Education Policy
IV.3. Research and Development Policy

Head Lecturer(s)

António Manuel Portugal Duarte

Assessment Methods

Assessment
Periodic or by final exam as given in the course information.: 100.0%

Bibliography

Alexandre, F.; Martins, I.; Andrade, J. S.; Castro, P. e P. Bação (2009), Crise Financeira Internacional, Estado da Arte, Coimbra: Imprensa da Universidade de Coimbra.
Amaral, J. F. (1996), Política Económica: metodologia, concepções e instrumentos de actuação, Lisboa: Cosmos.
Bénassy-Quéré, A.; Coeuré, B.; Jacquet, P. e J. P. Ferry (2019), Economic Policy: Theory & Practice, New-York: Oxford University Press, 2ª Edição.
Duarte, A. P. (2015), O Sistema Monetário Internacional: Uma Perspetiva Histórico-Económica, Conjuntura Actual Editora.
Ghosh, A.; Gulde, A-M. e H. Wolf (2003), Exchange Rate Regimes: Choices and Consequences, MIT Press.
Pereira, P. T.; Santos, J.; Arcanjo, M. e A. Afonso (2016), Economia e Finanças Públicas, 5ª Edição Revista e Atualizada, Escolar Editora.
Sorenson, P. e W-J., Hans (2010), Introducing Advance Macroeconomics: Growth and Business Cycles, 2nd Edition, London: McGraw-Hill.