Cursos / 1º Ciclo / Faculty of Economy and Business Management :: Economics

Versao Portuguesa


3º curricular year
Semestralidade: 1st semester


Leading Teacher: Prof. Doutor Fernando Almeida
Assistant Professor: Drª Inês Xavier

Class type and School hours

Orientação Tutorial : 1 Horas
Teórico-prática : 2 Horas

Main Aims/Objectives

Knowledge of Portuguese and European Economic History , XX and XXI centuries , supported by the scientific foundations of Growth Theory and Economic Development and macroeconomic models , determinants of political decision-making . It is intended to develop analytical and decision making capabilities , positioned in the macroeconomic reality of the global economy.

Specific Aims/Objectives

1 - Acquisition of the Growth Theory and Economic Development fundamentals and macroeconomic models supporting public choices decisions;
2 - Development of analytical capacity , scientifically sustained , of the Portuguese and European growth strategies since the Great Depression to the twenty-first century .
3 - Develop students autonomy through oriented research. .

Skills to be acquired

1 - Develop scientific analysis skills;
2 - Knowledge of Portuguese Contemporary Economic History , including macro - economic strategies in different periods: 1926-1950 ; 1950-1974 ; 1974-1984 ; 1986-1999 , 2000 - 2016 , subject to critical analysis , scientifically supported .
3 - Develop the autonomy of students work through oriented research .

Teaching Procedures

Lectures classes ;
Inter- Active Classes - thematic discussion of the Portuguese and European contemporary economic history European in different considered periods subordinate to the domain of scientific analysis tools;
Active research on international databases in order to analyze the political -economic and social profile of different economies.


1 - The long-term- approach to the dynamics of growth and development - scientific tools.

2 - Measuring Economic Growth and Development - analysis of the Portuguese economy within the European Union.

3 - Economic Growth - Self-Sustained Growth - Institutions and Development - Theoretical and Conceptual Analysis.

4 - The Institutionalist approach to the Portuguese economy at present and its position in the European Union.

5 - Short-term macroeconomic model - Keynesian approach of the Portuguese economy.

6 - Aggregate-Supply Macroeconomic Model - Portuguese and Europe economies.

7 - Contemporary Portuguese Economy:
The phases of the Portuguese Economic growth in the period 1910- present:
From the 1st Republic to stabilization (1910-30);
Stabilizing the creation of pre-conditions for growth by the Estado Novo (1926-1950);
The Golden Period of Growth of the Portuguese Economy (1950-1974);
From the Revolution to the introduction of democracy and macroeconomic imbalances (1974-1984);
Entry into the European Union in 1986;
The Portuguese Economy in the 90´s, the technological revolution and globalization;

8 - The Portuguese Economy in the XXI century:
The Global Financial Crisis and the Austerity Ideology iin Europe;
The European Union and the crisis of the welfare state;
The European Union and the sovereign debt crisis;
Portugal and Troika´s memorandum in 2011 - the structural reforms;
The Euro zone and internal macroeconomic imbalances - pauperization, exclusion and economic and social conflicts.
The potential disintegration of the European Union - the Brexit case.
Portugal and its relations with the PALOPs.

9 - The Global Economy
Regional Economic Integration - The European Union, Free Trade Areas and Economic Unions in the World;
Innovation Mercantilism: USA, China and India.

Evaluation Type

Two tests will be conducted throughout the semester with a rating of 50 % / 50 % .
Production, public presentation and discussion of research essays developed during the semester .

Teaching Resources

Datashow ; Frame; Bank of Portugal database; INE ; Scientific journals; Eurostat ; World Bank Databases ; IMF; OECD; Book Chapters.


Portuguese economy
Estado Novo
European Union
Sovereign debt
Keynesian theory
Supply - side theory
Regional Economic Integration

Main Bibliography

Author Krugman, Paul and Wells, Robin
Title Economics
Editor Worth Publishers
Year 2015
Author Reis, José
Title A Economia Portuguesa – Formas de economia polític
Place Portugal
Editor Editora Edições Almedina SA
Year 2018
Author Ribeiro, José Manuel Félix
Title A Economia de uma Nação Rebelde
Place Portugal
Editor Guerra & Paz
Year 2014

Complementary Bibliography

Author Meeusen, WIM
Title The Economic Crisis and European Integration
Author Livros vários
Title Títulos vários
Edition Várias
Place Portugal
Editor Fundação Francisco Manuel dos Santos
Year Vários