Curricular Unit:Code:
Political Economy777EPOL
Year:Level:Course:Credits:
2UndergraduatePolitical Science and International Relations6 ects
Learning Period:Language of Instruction:Total Hours:
Winter SemesterPortuguese/English78
Learning Outcomes of the Curricular Unit:
(i) To integrate methods, concepts, theories and knowledge concerning political economy and economic policy, with an emphasis on the Eurozone crisis and reform;
(ii) To develop interactive skills allowing students to participate in debates on contemporary political-economic events;
(iii) To select methods of information management that guide students in selected readings on the Eurozone crisis and reform;
(iv) To improve oral and written communication skills;
(vi) To develop critical analysis of the Eurozone crisis and reform.
Syllabus:
Chapter I – Theoretical framework: the position of economics within social sciences
Chapter II – Foundations of European monetary integration
Chapter III – The origins and the evolution of the Eurozone crisis
Chapter IV – Political Economy of the crisis and the reform of the Eurozone (I): the orthodox approach
Chapter V – Political Economy of the crisis and the reform of the Eurozone (II): the heterodox approach
Chapter VI – Consequences of the Eurozone crisis.
Demonstration of the Syllabus Coherence with the Curricular Unit's Objectives:
Chapter I – Discussion about the position of economics within the realm of social sciences, notably the manifold links with other social sciences.
Chapter II – Presentation of the foundation and functioning of Economic and Monetary Union.
Chapter III – Description of events that gave rise to the Eurozone crisis (financial crisis, economic crisis, sovereign debt crisis), providing students with factors that influenced the Eurozone crisis.
Chapter IV – Students’ awareness of the orthodox approach to the crisis and the reform of the Eurozone (at the level of economics and political-economic decision-making).
Chapter V – Students’ awareness of the heterodox approach to the crisis and the reform of the Eurozone (at the level of the alternative, non-orthodox causality of events that triggered the crisis as well as on alternatives remedies to it).
Chapter VI – Understanding of the several areas (political, social, economic, and international) of the implications of the Eurozone crisis.
Teaching Methodologies (Including Evaluation):
Teaching methodology includes lecturing, research, readings and discussion of European integration contemporary issues, as well as critical reflection. Assessment is continuous and based on two written tests.
Demonstration of the Coherence between the Teaching Methodologies and the Learning Outcomes:
Theoretical exposition of the contents the scientific area; discussions in the classroom; integration of methods, concepts, theories and knowledge in the scientific area; developing interactive competences in the classroom; demonstration of oral and written communication skills of expert assessment contents; selection of methods of information management.
Reading:
De Grauwe, P. (2018), Economics of Monetary Union, 12.ª ed., Oxford University Press.
Matthijs, M., e Blythe, M. (eds.) (2015), The Future of the Euro, Oxford University Press.
Mody, A.a (2018), Euro Tragedy: A Drama in Nine Acts, Oxford University Press.
Morson, G. S. and Schapiro, M. (2018), Cents and Sensibility: What Economics Can Learn from the Humanities, Princeton: Princeton University Press.
Pisany-Ferry, J. (2014), The Euro Crisis and its Aftermath, Oxford University Press.
Posner, E. A. e Weyl, G. E. (2018), Radical Markets: Uprooting Capitalism and Democracy For a Just Society, Princeton University Press.
Randall Henning, C. (2017), Tangled Governance: International Regime Complexity, the Troika, and the Euro Crisis, Oxford University Press.
Raworth, K. (2017), Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist, Penguin.
Stiglitz, J. E. (2016), The Euro: How a Common Currency Threatens the Future of Europe, W. W. Norton.