Policy Economics

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Objectives

On completion of this course students should be able to understand the role of the state in the regulation of the economy.

Students should understand how institutional choices and institutions affect economic decisions and performance

Skills:

Students should be able to use short term macroeconomic models in the analysis of fiscal and monetary policies.

Program

1- Social preferences and institutions: the role of the market and the government

2- The normative model of economic policy: the government as a rational agent

3- Macroeconomic models

4- Monetary policy and macroeconomic objectives

5- Fiscal policy and macroeconomic

6- Macro Prudential policy

7-Microeconomic policies for efficiency

8- Economic policies and growth

Teaching Methodologies

Lectures are organized as expositions of the program topics supported by Powerpoint presentations available in the Moodle platform before class. Student participation is strongly motivated and for each class a 15 minute student presentation is scheduled with an equal time period for open class discussion. Problem solving oriented classes are supported by problem set handouts available in Moodle.

Bibliography

Nicolla Acocella. Economic Policy: values and techniques. Cambridge University Press,1998

Paulo Trigo Pereira e outros. Economia e Finanças Públicas, 2007.

Manuela Silva e outros. Política Económica: questões metodológicas. Instituto Superior de Economia,1981.

João Ferreira do Amaral. Política Económica: metodologia, concepções e instrumentos de acção. Edições Cosmos,1996.

Abel L. Costa Fernandes. Economia Pública: eficiência económica e teoria das escolhas colectivas. Edições Sílabo,2008

Jacques Generaux. Introdução à política económica. Presença 1995.

Code

0104638

ECTS Credits

6

Classes

  • Teóricas - 30 hours
  • Teórico-Práticas - 30 hours

Evaluation Methodology

  • 1st Test: 40%
  • 2nd Test: 40%
  • Presentation and discussion of oral work: 20%