About This Course
The course is an introduction to political economy, with four main objectives: (i) to examine, historically, how the discipline went from political economy to economics and why it acquired the current characteristics. Thus, students can develop a critical stance on what the discipline of economics and the mainstream press presents as a way of thinking about economics and economic problems. (ii) introduce some important indicators and concepts, using real data - from Portugal and others. Thus, students can understand useful indicators and concepts on a daily basis; (iii) analyze the structures and dynamics of the Portuguese economy and its integration in Europe and the world, and compare and contrast different approaches; and (iv) look at the great world dynamics and the challenges they pose to the thinking, method and reconstruction of the economics as a social science.
1. Analytical Framework: Politics and Economics
2. Output Gap, Unemployment and Inflation
3. Government Size and Intervention
4. Monetary Policy, Central Banks and Governments
5. Economic Reforms and Adjustment Policies
6. Economic Growth and Income Inequality
7. Portuguese political economy, Europe and the World, discussed from different approaches, issues, methods and instruments of analysis
Mankiw, Gregory. 2020. Principles of Economics
RAVENHILL, John (ed)., 2007. Global Political Economy, Oxford, Oxford University Press.
STIGLITZ, J., OCAMPO, J., SPIEGEL, S., FRENCH-DAVIS, R. and NAYYAR; D. (2006). Stability with Growth: Macroeconomics, Liberalization and Development, New York, Oxford University Press.