Political Economy II

Code:

D108 II

Acronym:

EP II

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2007/2008 - 2S

Active?	Yes
Course/CS Responsible:	Law

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
D	4	Official Study Plan - LD	1	-	6	-
LDB	182	Oficial Study Plan LD	1	-	6	-

Teaching language

Portuguese

Objectives

This discipline is based on economics and allows the students to understand:
- The intervention of the government in the economy and the associated juridical consequences;
- The interaction between public economics and politics and its influence on colective choice.
- The links that embody individual choice and colective choice and the shape of institutions.
- International economic relations within a globalized world;
- The economic approaches to international trade, enhancing the gains from the opening of economies;
- The payments among nations and the foreign exchange market;
- The international movement of labour and capital and the mechanisms of economic integration and the appearing of trade blocs.

Program

PART I – ECONOMICS OF COLECTIVE CHOICE
I– GOVERNMENT INTERVENTION IN THE ECONOMIES - THE FUNCTIONS OF THE STATE: the economics of private sector and public economics; the intervention of the state in the economy and its juridical consequences.
II– TAXATION AND PUBLIC DEBT: principles of the tax system ; the theory of tax incidence; taxes; social security contributions ; the problem of tax evasion;
Public debt and intergenerational equity.
III – ECONOMICS OD COLECTIVE CHOICE AND POLITICS: democracy and colective choice ; the political power of majority: the dictatorship of median voter; the political power of minorities: the lobbying of interest groups; information asymmetries and fiscal illusion; democracy and the growing of public sector; why voter´s vote?
IV – DECENTRALIZATION: Arguments in favour of decentralization ; the functions of different levels of government; intergovernamental transfers and local taxes.
PART II -INTERNATIONAL ECONOMICS
I – BASIC THEORY OF INTERNATIONAL TRADE: advantages of international trade; international economic relations and globalization; international payements; the international mobility of production factors; economic integration and the appearing of economic blocks of nations.
II - SEMINARIES IN ECONOMICS: employement and competition; international commerce and globalization; monetary politics; the euro and other currencies: analysis of exchange markets; China and India: the impact of emergent economies in Occidental world; globalization, social economy and the environment.

Teaching methods and learning activities

Theoretical classes: Exposition of the contents of the discipline with the support of graphics from economics; use of case-studies based on information published in the media.
Seminaries: 7 seminaries followed by discussion will be provided (1 h 15 m - Conference; 15 m - Discussion).

Evaluation Type

Evaluation with final exam

Assessment Components

Description	Type	Time (hours)	Weight (%)	End date
Subject Classes	Participação presencial	60,00
	Exame	3,00
	Total:	-	0,00

Eligibility for exams

See the Evaluation Regulations of this Faculty.

Calculation formula of final grade

See the Evaluation Regulations of this Faculty.

Examinations or Special Assignments

Not required.

Classification improvement

See the Evaluation Regulations of this Faculty.