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Problems of Contemporary Economy

Code:	SS2210211		Acronym:	PEC
Predominant Scientific Areas:	Economics

Subject: 2023/24 - 2S

Programmes

Acronym	No. of Students	Study plan	Curriculum Years	ECTS	Contact hours	Total Hours
LSS1	47	Viso nº 16918/2022 de 30 de Agosto	1º	3 ECTS	30	75

Hours Effectively Taught

1TURMAU

Teóricas:

22,00

Teaching - Hours

Teóricas:

2,00

Type	Teacher	Classes	Hours
Teóricas	Totals	1	2,00
Teóricas	Gabriel Augusto Leite Mota		2,00

Aims, Skills and Learning Outcomes

The aim is to provide students with a set of concepts and elements of analysis that will enable them to take a critical view of the main phenomena of the contemporary world economy. To this end, the main problems of today's economy are discussed: economic inequalities, the interrelationship between the economy and the environment, and the phenomena of the digital and networked economy.

Programme

1. Economic inequality
1.1 Inequality around the world and over time
1.2 Birth chances: another lens through which to study inequality
1.3 What is wrong (if anything) with the existence of inequality?
1.4 How much inequality is too much and how much is too little?
1.5. Allocations, technology and institutions
1.6. Inequality, allocations and principal-agent relations
1.7 Pre-distribution
1.8. Explaining recent trends in market income inequality
1.9 Redistribution: taxes and transfers
1.10. Equality and economic performance

2. Environmental economics
2.1 Climate change
2.2 Reducing environmental damage: cost-benefit analysis
2.3 Limit policies and the emissions market
2.4 The challenges of mediating environmental policies
2.5 Dynamic environmental policies: future technologies and lifestyles
2.6 Environmental dynamics
2.7 Why is it so difficult to combat climate change?
2.8. Political choices matter

3. Innovation, information and the network economy
3.1. The innovation process: invention and diffusion
3.2 Innovation systems
3.3 Intellectual property rights
3.4 Public funding for basic research, education and information infrastructures

Demonstration of the syllabus coherence with the curricular unit's learning objectives

Using the CORE methodology (https://www.core-econ.org), the contents selected in the program allow students to acquire a critical and scientific vision of contemporary economic problems, in a way that is accessible to Social Work students.

Main literature

Samuel Bowles, Wendy Carlin, Margaret Stevens;The Economy: Economics for a Changing World, Oxford University Press, 2017. ISBN: 9780198810247 (disponível online em https://www.core-econ.org/the-economy/?lang=en)

Supplementary Bibliography

Paul Samuelson e William Nordhaus;Economia, McGraw-Hill, 2012. ISBN: 9789899717237

Learning Methods

The presentation of the main theoretical elements is combined with the analysis of empirical data and real cases, stimulating the discussion of relevant current problems during theoretical-practical classes.

Assessment Components

Avaliação distribuída com exame final

Assessment Components

Description	Type	Time (hours)	Conclusion Date
Attendance (estimated)	Lessons	30
	Total:	30

Continuous Assessment

Distributed assessment: - two tests, each with a weighting of 45%; - the first test takes place during the academic term and the second on the same date as the final exam in the normal term; - the minimum mark required in either test is 6.5 points; - attendance at classes has a weighting of 10% in the final grade.
Evaluation by final exam: - grade for the written test, if it is higher than 9.5 and lower than 7.5; - grade for the oral test, if it is higher than 7.5 and lower than 9.5.

Final Exam

Written final exam

Proofs and special works

None

Improvement of final grade

Written exam

Demonstration of the coherence between the teaching methodologies and the learning outcomes

As the concepts to be learned are essentially theoretical, their presentation and discussion during the theoretical-practical classes serves the learning objectives of this course.