Curricular Unit:Code:
Portuguese Economy and European Politics1175EPPE
Year:Level:Course:Credits:
2UndergraduateBusiness Sciences4 ects
Learning Period:Language of Instruction:Total Hours:
Spring SemesterPortuguese/English52
Learning Outcomes of the Curricular Unit:
To gain a better understanding of the development and performance of the Portuguese macroeconomic system in relation to European policy. To have an insight into the recent evolution of significant macroeconomic aggregates in the aftermath of Portugal's eurozone integration. To acknowledge the present issues confronting Portugal as a result of 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 course aims to explain the Portuguese economy's development and performance within the EMU. It does so by examining the economic context of Europe's integration process and the macroeconomic choices and performance before and during the eurozone's existence. Finally, the challenges that the Portuguese economy currently faces in the context of European integration are discussed.
Teaching Methodologies (Including Evaluation):
? Theoretical approach
? Critical analysis of macroeconomic indicators
? Critical reading of reference texts
? Debate on current issues
? Two tests (50%+50%) or final exam
Demonstration of the Coherence between the Teaching Methodologies and the Learning Outcomes:
The course combines a theoretical approach with macroeconomic indicator analysis (1. and 2.) in order to interpret macroeconomic choices, dynamics, and performances. Additionally, guided reading is utilized to explore current events concerning Portugal's macroeconomic performance and issues within the EMU and in the global context (3.).
Reading:
Amaral, L. (2019). "The Modern Portuguese Economy in the Twentieth and Twenty-First Centuries". London: Palgrave macmillan.
Amaral, L. (2022). "Economia Portuguesa. As últimas décadas". Lisboa: Fundação Manuel dos Santos.
Barradas, R. et al. (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 (2009). “The Portuguese Economy in the context of Economic, Financial and Monetary Integration”. Lisboa: BdP. [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]
Reis, J. (2018). "A economia portuguesa. Formas de economia política numa periferia persistente (1960-2017)". Coimbra: Almedina.
Reports from BdP, OECD, IMF and European Commission
Lecturer (* Responsible):
Luísa Vasconcelos (lvasc@ufp.edu.pt)