The aim of the Public Economics course is to provide an overview of the major objectives of State intervention in a market economy, with particular emphasis on resource allocation, economic redistribution and stabilisation. By the end of the course students should master basic economic concepts, identify market failures and the corresponding corrective public intervention, understand the difficulties inherent to this intervention as well as its consequences. In general terms, it is expected that students learn basic microeconomic and macroeconomic concepts and learn how to analyze problems that are new to them in a formal way, based on (economic) models, developing their logic reasoning skills
Weekly - 3
Total - Available soon
Barbosa, A.S.P. Economia Pública, McGraw Hill.
Musgrave, R. e Musgrave, P. Public Finance in Theory and Practice, McGraw Hill.
Hindriks, J. and G. D. Myles, Intermediate Public Economics, MIT Press
Pereira, Paulo T. et al. Economia e Finanças Públicas, Escolar Editora, 2005
Classes with theoretical component presented by the teacher, followed by the resolution of practical exercises. Use of classroom experiments to motivate students.
Final exam with the possibility of a mid-term test with a weight of 30% in the final grade, if higher than the exam grade.
The theoretical and practical nature of the classes and the stimulus to the critical analysis of concrete situations / problems (presented in the form of exercises) using economic models, with particular attention to the results obtained and their interpretation, allow students to consolidate their understanding of the way markets work, as well as the causes and effects of public intervention on markets and on the behavior of economic agents.
Programs where the course is taught: