Curricular Unit:			Code:
Portuguese Economy and European Politics			987EPPE
Year:	Level:	Course:	Credits:
2	Undergraduate	Business Sciences	4 ects
Learning Period:		Language of Instruction:	Total Hours:
Spring Semester		Portuguese/English	52
Learning Outcomes of the Curricular Unit:
To understand the evolution and the Portuguese macroeconomic performance in articulation with European policy. To know the recent development of relevant macroeconomic aggregates, following the integration of the Portuguese economy in the euro-zone. To recognize the current challenges for Portugal resulting from the European integration. Skills: analysis and synthesis; acquisition of specific knowledge; information management; application of knowledge; autonomy.
Syllabus:
1. The Portuguese economy and the European option: contextualization 1.1 Economic Stabilization Programs 1.2. Joining the EEC 1.3 Convergence policies and monetary union. 2. The Portuguese economy and the European economic policies: articulation and performance 2.1 Monetary policy in the euro-zone 2.2 Fiscal policies in the European Union 2.3 Sectorial policies 3. The Portuguese economy and the European economic policies: challenges 3.1 Competitiveness and Globalization 3.2 The real economy and the financial markets 3.3 Economic policy
Demonstration of the Syllabus Coherence with the Curricular Unit's Objectives:
The subject seeks to explain the evolution and the performance of the Portuguese economy in the EMU. For that, it observes the economic context of the European integration process and analyses the macroeconomic choices and performance prior and subsequent to the formation of the euro-zone. Finally, the challenges that the Portuguese economy currently faces in the context of European integration are analysed.
Teaching Methodologies (Including Evaluation):
• Theoretical approach • Critical analysis of macroeconomic indicators • Critical reading of reference texts • Debate on current issues 1. – 1 ECTS 2. – 2 ECTS 3. – 1 ECTS • Two tests (50%+50%) or final exam
Demonstration of the Coherence between the Teaching Methodologies and the Learning Outcomes:
The subject combines a theoretical approach with the analysis of macroeconomic indicators (1. and 2.) so as to interpret macroeconomic choices, dynamics and performances. Guided reading is also used so as to discuss current topics related to the Portuguese macroeconomic performance and challenges within the EMU and the global context (3.).
Reading:
Barbosa. A. (1999). “O impacto do Euro na economia portuguesa”. Lisboa: D. Quixote. Barradas, R. e Lagoa, S. e Leão, E. e Mamede, R. P. (2018). Financialization in the European Periphery and the Sovereign Debt Crisis; The Portuguese Case, Journal of Economic Issues, 52(4), pp. 1056-1083. [B-on] BdP (Março 2018). “Projeções para a economia portuguesa: 2018-2021”. [online] BdP (2009). “The Portuguese Economy in the context of Economic, Financial and Monetary Integration”. Lisboa: BdP. [online]. Cunha, J. e C. Braz. “Desinflação e Política orçamental em Portugal: 1990-2002”, Boletim Económico BdP, Dez. 2003. [online]. Dent, C. M. (2000). “A economia europeia: o contexto global”. Lisboa: Piaget. Lains, P. (2015). O fim da adesão, 1986-2016/The end of the accession, 1986-2016, Relações Internacionais, 0(48), pp. 115-121. [B-on] Reports from BdP, OECD, IMF and European Commission