Political Economics II

Presentation

This UC deals with matters of economic science, analyzes factors of the economic system of a particular region, country or group of countries.
The analysis made by the macroeconomics is global, disregarding the particularities or individual behaviors, in a first approach to Public Finance.
The main topics of study are the development of economic growth, a country's output (Gross Domestic Product - GDP), income and expenditure, the problem of inflation and employment, the construction of advantageous international trade and stabilization. of the prices. the exchange rate and interest, the currency, among other factors.

Programme

Law

Level of Qualification|Semesters|ECTS

| Semestral | 5

Year | Type of course unit | Language

1 |Mandatory |Português

Code

ULP288-6756

Recommended complementary curricular units

This UC is introductory in nature, so it is sufficient to prepare that students have acquired in the secondary education.

Professional Internship

Não

Syllabus

1. The Economic Circuit and National Accounting
1.1 - The simplified model: Product, Income and Expense. 1.2 - The equivalence between the Aggregates: the calculation of the Gross Domestic Product Aggregates, at market prices and at the cost of the factors; Gross National Product; National Income and Available Income; the National Expense.
1.3-National Accounting data as indicators of population welfare

2.The assessment of the distribution of income; inequalities and their measurement (the Lorenz curve and the Gini coefficient).
2.1- The causes of inequalities and wealth redistribution policies: development. 2.2 - Income Distribution

3.The Currency. 3.1 Liquidity preference motives: motive ransactions; precautionary; speculation; placement. 3.2-Quantitative theory of currency. 3.3- Monetary policy.

4.Inflation, growth and unemployment: causes and effects. 4.1 Crisis and counter-cycle governance. 4.2 the Keynesian model and the criticism stemming from Hayek and Friedman. Conclusions

Objectives

Achieving the mastery of basic concepts and theories of macroeconomics. To understand the scope of economic relations and its impact on the central issues of the functioning of economic, political and social institutions, both internally and internationally.
Prepare students for better understanding and mastery of economic relations, regulation and functioning of markets and the economy in general, as well as preparing the basis for further training. Develop sufficient competences to understand the fundamental problems of macroeconomics relevant to training
in other areas of the Bachelor's degree.
To provide students with the knowledge necessary to achieve the ability to relate macroeconomic problems, political and social issues, essential to their formation in the area of bachelor's degree.

Teaching methodologies and assessment

Theoretical and practical classes, with an expository component, because this is a discipline of basic
training at the level of the first year of graduation, followed by practical examples and practical cases
proposed for resolution or reflection of students, from which They can achieve the practical interest of the
acquired knowledge. Proposals for discussion in the decision-making class issued by regulators, the
European Commission or the courts (national and European) given in the field of competition or
organisation of markets and a whole set of practical issues extracted from The reality of our days and that
may elicit the application of the acquired concepts. In some subjects, the methodology of inverted class is
used, enhancing the active intervention of students in the exhibition of subjects. 

Continuous Evaluation: Two written tests (50%) each other). Oral presentations and other elements can be considered in final grade ponderation.

Final  exame of appeal: 100%.

References

• ARAÚJO, Fernando , Reimpressão da 3ª edição, 2014, , Introdução à Economia Coimbra, Almedina, ISBN: 9789724024592
• NUNES, A.J. Avelãs, Noção e Objecto da Economia Política , 3ª Edição, Coimbra, Almedina, 2013, ISBN: 9789724052830
• PORTO, M. C. Lopes, Economia - um texto introdutório , Reimpressão da 4ª edição, Coimbra, Almedina, 2017, ISBN: 9789724056371

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