7 Março 2022, 09:30
•
Patrícia Melo
Discussion of different
approaches/paradigms to economic policy and the key features of policy
responses. A discussion contrasting the views or paradigms of economic policy and government. In particular, the
traditional view based on the market failure approach, which was discussed in
the previous lecture, and an approach that can be related to the public choice
theory which defends there are also government failures.
23 Fevereiro 2022, 11:30
•
Joana Sousa Leite
How to prepare a presentation.
Presentation of the paper "Bonfim and Sousa-Leite (2022). The risk-taking channel of targeted monetary policy".
21 Fevereiro 2022, 09:30
•
Patrícia Melo
Explain the three approaches to economic policy
Explain the main tasks of economic policymakers
Describe the main objectives and instruments of economic policy
Explain what are institutions, their role in economic policy and how they affect economic policy
Explain the Tinbergen rule relating policy objectives to instruments, and how it relates to trade-offs in economic policy making
Distinguish between economic management and structural reforms
Explain the three functions of economic policy
Explain the main justifications for government intervention and how they relate to the three main functions of economic policy
Explain the main decision criteria principles in economic policy evaluation
Explain why the static utility criterion is insufficient
Explain why the inter-temporal utility criterion can be used to assess the desirability of structural reforms
Explain the meaning of discount rate used in the inter-temporal utility criterion
Explain and compare Bentham's and Rawls’ social welfare functions and how different social preferences affects policy making choices.