Political Economy II

Code:

D108 II

Acronym:

EP II

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2022/2023 - 2S (since 06-02-2023 to 19-05-2023)

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	221	Novo Plano Oficial 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.

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 - MARKET FAILURES AND STATE INTERVENTION

1 - THE FUNCTIONS OF THE STATE

1.1. Introduction

1.2. Allocation: State promoting efficiency

1.3. Redistribution: State promoting equity

1.4. Stabilization: State promoting macroeconomic stability

2 - ECONOMIC ANALYSIS OF DEFICIT AND PUBLIC DEBT

2.1. The budget constraint

2.2. The budget balance and the "golden rule" of equilibrium

2.3. The incidence of public debt and inter-temporal equity

2.4. Restructure State action to reduce public deficits and increase efficiency

3 - THE POLITICAL SYSTEM AND STATE INTERVENTION

3.1. Democracy and public choice

3.2. Interactions in the "political market"

3.3. Democracy and the growth of the public sector

4 - ECONOMIC APPROACH TO DECENTRALIZATION

4.1. Introduction and generalities

4.2. Rational arguments for decentralization

4.3. The functions of the various levels of government

4.4. The Tiebout model ("voting with the feet")

4.5. The inter-jurisdictional "export" of effects and taxation

4.6. Intergovernmental transfers

4.7. Local taxes - property taxation

 

PART II - MARKET IMPERFECTIONS, COMPETITION AND REGULATION

1. Competitive markets

2. Monopolies and dominant firms;

3. Monopolistic competition

4. Oligopolies and cartel regulation


PART III - INTERNATIONAL ECONOMIC RELATIONS

1. Introduction; key concepts

2. Evolution of the world economic order;

3. Theoretical foundations of internationa trade;

4. External trade policy and instruments;

5. The mutilateral trading system: current status, main problems and evolution perspectives.

Mandatory literature

Cruz José Manuel Neves 1965-; Economia política II
Paulo Trigo Pereira; Economia e finanças públicas. ISBN: 978-972-592-346-7
José Manuel Neves Cruz; Economia e política. ISBN: 978-972-32-1583-0
Paul Anthony Samuelson; Economia. ISBN: 84-481-4619-0
N. Gregory Mankiw; Introdução à economia. ISBN: 85-221-0408-5
N. Gregory Mankiw; Principles of economics. ISBN: 978-0-357-03831-4

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
Rosen Harvey S.; Public finance. ISBN: 0-07-116738-2
Barbosa António Pinto; Economia pública. ISBN: 972-8298-67-6
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-; 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
Ribeiro José Joaquim Teixeira 1908-; Lições de finanças públicas. ISBN: 972-32-0407-X
Eichengreen, Barry; A Globalização do Capital. Uma História do Sistema Monetário Internacional,, Editorial Bizâncio, 1999. ISBN: 9725300068
Amaral Diogo Freitas do 1941-; Será que passámos do Estado intervencionista e social a um mero Estado regulador e pós-social?
Apolinário Marisa; O^Estado regulador. ISBN: 978-972-40-5957-0
Motta Massimo; Competition policy. ISBN: 978-0-521-01691-9
Pais Sofia Oliveira 300; Market and competition law review. ISBN: 2184-0008

Comments from the literature

Suplemenrtary elements will be provided, such as slides and articles.

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	100,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	40,00
Frequência das aulas	60,00
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 test about the contents of part I of the program, in the middle of the semester; 2. Weighing 50% of the final classification, a written test about the contents of part II and III 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.

Special assessment (TE, DA, ...)

See the Assessement Regulations of this Faculty.

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.