Political Economy II

Code:

D108 II

Acronym:

EP II

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2017/2018 - 2S (since 05-02-2018 to 18-05-2018)

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
LDB	290	Novo Plano Oficial do ano letivo 2016	1	-	6	-
		Plano Transitório do ano letivo 2016	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.

Learning outcomes and competences

The syllabus set provide the knowledge on the subjects treated, so students can apply them later in their academic life, personal and professional. Students will obtain skills to understand the economic realities they study throughout their academic training.

 

Working method

Presencial

Program

PART I - PUBLIC ECONOMICS: PUBLIC EXPENDITURE AND DEBT

I - THE FUNCTIONS OF THE STATE

1. The function allocation: the state prosecutor efficiency

2. The redistribution function: the state prosecutor equity

3. The stabilization function: the state prosecutor of macroeconomic stability

II - ECONOMIC ANALYSIS OF DEFICIT AND DEBT

1. The budget constraint
2.The European Union context
3. Arguments for and against public deficit and debt
4. Public debt in politician context

III - THE POLITICAL SYSTEM AND STATE INTERVENTION

1. Democracy and public choice

2. Interactions in the political marketplace

3. Democracy and the growth of public sector

IV - THE ECONOMIC APPROACH TO DECENTRALIZATION

1. Introduction and generalities

2. Rational arguments for decentralization

3. The functions of the various levels of government

4. The Tiebout model ("voting with their feet")

5. The "export" OF jurisdictional effects and taxation

6. Intergovernmental transfers

7. Local taxes - taxing property

PART II – International and Economic Relations

1. World economy formation: structure and international economy institutionalization.
2. World trade evolution: globalization, deglobalization and e reglobalization.
3. International trade theories.
4. Economic activities internationalization and restrictions to an open economy. (Tariffs, barriers and free trade).
5. International trade, money and productive resources mobility.
6. Portuguese economy internationalization: from periphery to European Integration.

 

Mandatory literature

Cruz José Manuel Neves; Economia e política. ISBN: 978-972-32-1583-0
Pereira Paulo Trigo 070; Economia e Finanças Públicas
Cruz José Manuel Neves 1965-; Economia política II
Samuelson Paul A.; Economia. ISBN: 972-9241-40-6
Ferreira, Luís Cunha; As Relações Económicas Externas Portuguesas no Século XX (Provided in photocopies durind the classses)

Complementary Bibliography

Cruz José Manuel Neves 1965-; A^influência da burocracia e dos grupos de interesse na escolha pública. ISBN: 978-972-32-1761-2
Forte, Francesco; Principles of public economics. ISBN: 9781858986739
Fernandes, Abel L. Costa; A Economia das Finanças públicas, Almedina, 2010. ISBN: 978 972 40 4337 1
Posner Richard A.; The^economics of private law. ISBN: 1-85898-642-7
Rosen Harvey S.; Public finance. ISBN: 0-07-116738-2
Barbosa António Pinto; Economia pública. ISBN: 972-8298-67-6
Mankiw N. Gregory; Introdução à economia. ISBN: 85-352-0853-4
Cullis John; Public finance and public choice. ISBN: 0-19-877579-2
Cruz José Manuel Neves 1965-; A^intervenção pública no domínio dos cuidados de saúde
Cruz José Manuel Neves 1965-; Bem público "cultura"
Cruz José Manuel Neves 1965-; Equacionando a transformação da disciplina Economia Internacional numa renovada Economia Política
Cruz José Manuel Neves 1965-; Análise económica da procura no mercado político. ISBN: 972-8307-44-6
Musgrave Richard A.; Public finance in theory and practice. ISBN: 0-07-100227-8
Cruz José Manuel Neves 1965-; Reequacionando a acção do Estado na formulação de políticas de inovação
Ribeiro José Joaquim Teixeira 1908-; Lições de finanças públicas. ISBN: 972-32-0407-X
Cruz José Manuel Neves 1965-; Evolução do quadro teórico do comércio internacional
Judt, Tony; Pós-Guerra – História da Europa desde 1945, Edições 70, 2010. ISBN: 9789724413006
Findlay, Ronald & O’Rourke, Kevin; Power and Plenty: trade, war, and the world economy in the second millennium, Princeton University Press, 2007. ISBN: 9780691143279
Eichengreen, Barry; A Globalização do Capital. Uma História do Sistema Monetário Internacional,, Editorial Bizâncio, 1999. ISBN: 9725300068
Krugman, Paul; Obstfeld, Maurice e Melitz, Marc; International Economics. Theory and Policy, Pearson Education, 2015. ISBN: 9781292019550

Teaching methods and learning activities

Theoretical and practical 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.

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Designation	Weight (%)
Teste	50,00
Trabalho escrito	50,00
Total:	100,00

Eligibility for exams

Obtaining the written exam grading equal to or higher than 10.

Calculation formula of final grade

For students registered in distributed evaluation the elements for students’ assessment are: 1. Weighing 50% of the final classification, a written work about the contents of part I of the program, whose setup rules and subject topics will be made available in the beginning of the semester; 2. Weighing 50% of the final classification, a written test about the contents of part II of the program. The final classification in the course is the weighted average of the scores in the assessment elements referred to in. In addition, the provisions of the Evaluation Regulation (RAC) shall apply

For students not registered in distributed evaluation and for those who have quit this type of evaluation, marks obtained correspond to those the results of the final written examination.

Classification improvement

See the Assessement Regulations of this Faculty.

Observations

The students’ assessment is based on distributed evaluation without a final written exam. The students must register until 15 days after theoretical classes start (those students who do not register, are evaluated by final exam, according to the Evaluation Regulation). There are no attendance conditions. Students may quit the distributed evaluation until the end of the sixth week of the semester. These students  will be subject to final exam.