Political Economy

Name: Political Economy
Code: ECN2283L
Duration: 15 weeks/156 hours
Scientific Area: Economy

Teaching languages: Portuguese
Languages of tutoring support: Portuguese, English
Regime de Frequência: Presencial

Sustainable Development Goals

Learning Goals



The unit of Economics has the following objectives:


1) To encourage the taste for study and understanding of economic phenomena and their interdisciplinary with
the social sciences.
2) Understand the fundamental macro principles  that explain how economies work, specially in a modern framework, in particular regarding economic policies (fiscal, monetary and exchange rate) for the
evolution of the main economic indicators for production, employment and inflation.
3) Understand the recent past of the Portuguese economy, as well as the determinants and conditions
of its development and EMU
4) Understand the political dimension of economics, ie distinguish economic policy from political economcis.
5) Use the English language with the learning tool of the economy (eg being able to read and
interpret an article of the magazine release area: Economist, FT, WSJ or general magazine Time)
6) It is intended interaction between the social reality, which encompasses the economic aspect.


Introduction - Fundamental Notions
1 The context of Economic Analysis
1 1 Economic activity in context;
1 2 Instruments of economic analysis;
1 3 Mechanism Market: Supply and Demand;
2 Macroeconomic measurement;
3 Macroeconomic Theory and Policy
3.1 Aggregate Demand and economic fluctuations;
3.2 Fiscal and budgetary policy;
3.3 Money and Monetary Policy;
3.4 Aggregate Supply, Aggregate demand and inflation: interactions.

4 Employment and unemployment;

Teaching Methods

Teaching methodologies
The teaching methods are adequate insofar as they seek to foster by
participation in class, at the initial moment about the current affairs in small assignments, work and
group reports on the development of deductive / analytical skills _ critical grounding
independent thinking, _ most of all the insertion in the global economic reality.

Commentary on the Bibliography:
The textbook [G] is absolutely essential, is free to access and download the free moodle chair. It
of the books in that most classes is based. A student who masters this text book
able to fulfill the objectives of the chair and succeed in school. Samuelson's book [SN] is a classic
in teaching economics to non-economists, has the advantage of being in Portuguese. It is recommended that students
who have greater difficulty with the English language. The book [CN] is also a good introduction to the study,
in Portuguese, the economy. The book [CN55Q] will be used to motivate some of the discussions about
applied in the current economic topics. The book [B] already requires a greater mastery of mathematical techniques.
The books [Mt, Sl] are intended to understand the evolution of the Portuguese economy in the twentieth century. Are clearly accessible to a non-technical level.

Recommended Reading

Amaral, João Ferreira do, et al. (2002), Introdução à Macroeconomia, Escolar Editora, Lisboa.


 GDAE– Global Development and Environment Institute (Tufts Institute)-Manual a seguir em inglês, disponível gratuitamente no moodle da página da cadeira e, para pedir exemplar, em: http://www.ase.tufts.edu/gdae/db/macregistration.asp


Belbute, J. (2003), Princípios de Macroeconomia, 1ª edição, Gradiva, Lisboa.


César das Neves, J.(2000), Introdução à Economia, 5ª edição, Verbo, Lisboa.


César das Neves, J. (1995), 55 Perguntas Sobre a Economia do Nosso Tempo, Difusão Cultural, Lisboa


Mankiw, G. (2001), Principles of Economics, 2ed Edition, Harcourt College

Publishers, New York.


Mateus, A.(2013), Economia Portuguesa (1910-2013), Principia, Lisboa.


O’ Brien, R. e Williams, R. (2010), Global Political Economy, 3rd Edition, Palgrave, MacMillan, UK.


Samuelson e Nordhaus (2005), Economia, MacGraw-Hill, 18ª edição, Lisboa.


Silva Lopes, J. (2004), A economia portuguesa no século XX, ICS, Lisboa.