Structure of Portuguese Economy and Society (271173)

Learning Outcomes

•    Critically contextualize the perspective of mainstream economic theory
•    Understand the mechanisms of macroeconomic activity
•    Relate the aggregate variables and understand the foundations of the macroeconomic politics
•    Contextualize the Portuguese economy and society in the world economic system
•    Analyze the historical conditionings of the development of the Portuguese capitalism
•    Know the several options of economic policies faced with the current conjuncture

Study Program

PART I - Basic concepts of Economics
1.    Definition and object of economics
2.    The methodology of economics
3.    The problems of economic organization
4.    The market and the State in contemporary economies
5.    Basics concepts of macroeconomics
5.1.    Goals and tools of macroeconomic policy
5.2.    Aggregate demand and aggregate supply
5.3.    Measuring economic activity 
5.4.    The fluctuations of economic activity 
5.5.    Stabilization policies
6.    6.International trade and international economic organizations
6.1.1.    6.1. The theories of international trade
6.1.2.    6.2. Protectionism and free trade
6.1.3.    6.3. Exchange rates and international monetary system
6.1.4.    6.4.The International Economic Organizations

PART II - Economy and Society in Portugal
1.    Introduction: The Portuguese economy in the world economic system
2.    The introduction of the democratic regime and entry into the European Union
3.    The Portuguese economy and the process of joining the single currency
4.    Financial Crisis, External Debt and Budget Deficit
5.    The recovery of the Portuguese economy after austerity
6.    The Portuguese economy in context of pandemics


Ministério das Finanças (2021), Programa de Estabilidade 2021-2025. Lisboa: Ministério das Finanças 
Reis, José (2018), A Economia Portuguesa. Formas de Economia Política numa periferia persistente (1960-2017). Coimbra: Almedina
Samuelson, P. A. ; Nordhaus, W.D. (2012) - Economia, Lisboa, McGraw-Hill, 19ª edição
English version:  Samuelson, P. A. ; Nordhaus, W.D. (2010) Economics, New York, McGraw-Hill, 19th edition.