Economic Policy
Preliminary requirements:
Solid knowledge, skills and competences related following courses: Microeconomics, Macroeconomics and International Economic Relations.
Course Description:
1. Introduction to the course. Theoretical background.
2. Circumstances and measures stimulating economic growth and development (structural policy, competition policy, industrial policy, regional policy, agricultural policy, environmental protection, innovation policy, education policy, labour market)
3. Macroeconomic policy (monetary and fiscal policy)
4. Final completion
Aims of the course:
W1. Student enumerates the most important goals of economic policy.
W2. Student explains functions, mechanisms and tools of state intervention in the market economy.
W3. Student indicates strategic challenges covering the issue of economic growth and development.
W4. Student knows preliminary circumstances for decision making processes relating to social and economic issues.
U1. Student identifies a set of various approach to the state intervention in the market economy.
U2. Student characterizes processes of economic transformation in Poland and other Central and Eastern European countries and is able to assess critically their results and consequences.
U3. Student assesses the circumstances for decision making processes, their adequacy and effectiveness of enforced regulatory framework.
U4. Student indicates possible alternative solutions for selected socio-economic problems.
U5. Student analyses programmes applied within the domestic economic policy and their consequences taking into account the international context.
K1. Student provides coherent arguments while assessing different forms of state intervention in the market economy.
K2. Student is able to discuss critically and basing on arguments provided verifies their opinion about political and economic issues.
K3. Student works in a team when looking for solutions of selected social and economic issues.
K4. Student understands the significance of economic science for the analysis of social and political problems in Poland, Europe and other countries in the world.
Teaching methods:
Seminar, discussion, analysis of case studies, team work, multimedia presentation.
Evaluation & Completion:
Written final test (5 short open questions requiring a brief explanation from a student), passing threshold: 50%, multimedia presentation (15–20 minutes) covering a topic related to the content of the classes, discussed and agreed in advance with the academic teacher, participation in discussions, semester essay/research report covering selected economic challenges in a selected country (max. 3000 characters).
Basic Literature:
Benassy-Quere A., Coeure B., Jacquet P., Pisani-Ferry J., Economic policy. Theory and practice, Oxford University Press, New York 2010.
Brux, J. M, Economic Issues and Policy (with Economic Applications), Cengage Learning, 2007
Stiglitz J., Economics of the Public Sector W. W. Norton & Company; Third Edition edition, 2000.
Hartley K., Problems of economic policy, Taylor and Francis e-Library, 2011.
Atkinson B., Baker P., Milward B., Economic Policy, Palgrave, 1996.
Additional Literature:
Lissowska M., Instytucje gospodarki rynkowej w Polsce, C.H. Beck, Warszawa 2008 (bilingual book, Polish-English: Institutions for Market Economy. The Case of Poland).
Roubini N., Mihm S., Crisis Economics, Penguin Press HC, 2010.
Krugman, P., The Return of Depression Economics and the Crisis of 2008, W. W. Norton & Company, 2009.
Stilwell, F., Political Economy. The Contest of Economic Ideas, Third Edition, Oxford University Press, 2011.
