There are no prerequisites to take this subject. Despite this, it is advisable that the student has passed subjects as Applied Economics Principles, Spanish Economy or International Trade. Also some basic micro and macroeconomic concepts may be useful.
This subject is integrated in the module for international markets of goods and factors in the Economics degree curriculum. Its main aim is to analyse the current features of Labour and Capital markets and the challenges they face. Labour and Capital are essential to understand the functioning of both national and international economic systems. All productive sectors are affected by labour costs, labour productivity as well as access to - and returns from - all sorts of capital. Moreover, most households’ income (and its distribution) depends on the correct functioning of these markets. In order to understand their main problems we will need to cover both theoretical and empirical economic Issues, ie. the way economist measure the most relevant variables describing labour and financial markets. We will also pay attention to the institutions (the rules of the game), the main actors in both markets and how they may contribute to make the market efficient, providing a reasonable income distribution. Namely, we will deal with topics as unemployment, employment policies, labour reforms, internationalization of labour and capital markets, capital typologies (natural, social, human, fixed capital, technology, financial), the structure of the financial systems and the main features of capital markets
Course competences | |
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Code | Description |
E02 | Understand the role of institutions and economic agents in economic and social activities. |
E04 | Analytical skills to identify and anticipate relevant economic and legal issues and the different alternative solutions. |
E06 | Application of profesional criteria to the analysis of problems, based on the use of technical tools. |
E08 | Know the different types of government intervention, as well as the fundamental premises of welfare economics. |
E10 | Ability to design and implement policies and strategies promoting competition and market restructuring. |
E12 | Obtain theoretical and practical knowledge on international economic development, international trade, and international financial systems. |
G01 | Possession of the skills needed for continuous, self-led, independent learning, which will allow students to develop the learning abilities needed to undertake further study with a high degree of independence. |
G03 | Develop oral and written communication skills in order to prepare reports, research projects and business projects and defend them before any commission or group of professionals (specialised or non-specialised) in more than one language, by collecting relevant evidence and interpreting it appropriately so as to reach conclusions. |
G04 | Ability for the use and development of information and communication technology in the development of professional activity. |
G05 | Capacity for teamwork, to lead, direct, plan and supervise multidisciplinary and multicultural teams in both national and international environments. |
Course learning outcomes | |
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Description | |
Be able to identify analytical models and techniques of the economic, legal and social environment and their historical development | |
Know the performance and regulation of product and factor mark ets at national and international level and the drivers for the generation of wealth and a suitable distribution of income. | |
Train the student to listen to and defend arguments orally or in writing | |
Additional outcomes | |
Description | |
Diagnosis and assessment skills to conduct reports about the situation of a market. Identify relevant sources of information and its content, as well as the ability to derive the important information from the data, otherwise completely unknown to non-professionals. Being able to identify analytical models and techniques of the economic, legal and social environment and their historical development. |
Training Activity | Methodology | Related Competences (only degrees before RD 822/2021) | ECTS | Hours | As | Com | Description | |
Class Attendance (theory) [ON-SITE] | Lectures | E02 E04 E08 E10 E12 G01 G03 | 1.33 | 33.25 | N | N | ||
Class Attendance (practical) [ON-SITE] | Practical or hands-on activities | E10 E12 | 0.67 | 16.75 | Y | N | ||
Practicum and practical activities report writing or preparation [OFF-SITE] | Practical or hands-on activities | E04 E12 G01 G03 | 0.9 | 22.5 | Y | N | ||
Analysis of articles and reviews [OFF-SITE] | Reading and Analysis of Reviews and Articles | E02 E04 E08 E12 | 0.9 | 22.5 | Y | N | ||
Other off-site activity [OFF-SITE] | Combination of methods | E12 G01 G03 | 0.3 | 7.5 | Y | N | ||
Study and Exam Preparation [OFF-SITE] | Self-study | E02 E04 E08 E10 E12 | 0.85 | 21.25 | Y | N | ||
Final test [ON-SITE] | Assessment tests | E02 E04 E08 E10 E12 G01 G03 | 0.25 | 6.25 | Y | Y | ||
Practicum and practical activities report writing or preparation [OFF-SITE] | Case Studies | E04 E10 E12 G01 G03 | 0.8 | 20 | Y | N | ||
Total: | 6 | 150 | ||||||
Total credits of in-class work: 2.25 | Total class time hours: 56.25 | |||||||
Total credits of out of class work: 3.75 | Total hours of out of class work: 93.75 |
As: Assessable training activity Com: Training activity of compulsory overcoming (It will be essential to overcome both continuous and non-continuous assessment).
Evaluation System | Continuous assessment | Non-continuous evaluation * | Description |
Final test | 30.00% | 30.00% | The final exam will consist of different questions concerning theoretical aspects, defining basic concepts and numerical problem solving. Minimum threshold mark: 4 over 10 points |
Assessment of active participation | 10.00% | 10.00% | The instructor will assess students' active participation in both theoretical and empirical face-to-face classes. She will also open online forums for participation of those who cannot attend the lectures. |
Other methods of assessment | 60.00% | 60.00% | Both quantity and quality of the submitted exercises and essays will be taken into account in the assessment. |
Total: | 100.00% | 100.00% |
Not related to the syllabus/contents | |
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Hours | hours |
Class Attendance (theory) [PRESENCIAL][Lectures] | 20 |
Class Attendance (practical) [PRESENCIAL][Practical or hands-on activities] | 33.25 |
Practicum and practical activities report writing or preparation [AUTÓNOMA][Practical or hands-on activities] | 22.5 |
Analysis of articles and reviews [AUTÓNOMA][Reading and Analysis of Reviews and Articles] | 21.25 |
Other off-site activity [AUTÓNOMA][Combination of methods] | 22.5 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 6.25 |
Final test [PRESENCIAL][Assessment tests] | 16.75 |
Practicum and practical activities report writing or preparation [AUTÓNOMA][Case Studies] | 7.5 |
Unit 1 (de 7): LABOUR MARKETS AND [NON] MARKET WORK | |
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Teaching period: Weeks 1 & 2 |
Unit 2 (de 7): THE FUTURE OF WORK AND THE WORK OF THE FUTURE | |
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Teaching period: Weeks 3 & 4 |
Unit 3 (de 7): WORLD OF LABOUR AND LABOUR AROUND THE WORLD | |
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Teaching period: Weeks 5 & 6 |
Unit 4 (de 7): MAIN ACTORS IN THE LABOUR MARKET | |
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Teaching period: Weeks 7 & 8 |
Unit 5 (de 7): LABOUR MARKET POLICIES AND LABOUR REFORMS | |
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Teaching period: Weeks 9 & 10 |
Unit 6 (de 7): NON-FINANCIAL CAPITAL | |
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Teaching period: Weeks 11 & 12 |
Unit 7 (de 7): FINANCIAL CAPITAL | |
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Teaching period: Weeks 13 & 14 |
Global activity | |
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Activities | hours |
Author(s) | Title | Book/Journal | Citv | Publishing house | ISBN | Year | Description | Link | Catálogo biblioteca |
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Hidalgo, Manuel A. | El empleo del futuro : un análisis del impacto de las nuevas tecnologías | Deusto, | 978-84-234-2966-0 | 2018 | |||||
Jimeno, Juan F. | Crecimiento y empleo : una relación turbulenta e incomprendida | Madrid | RBA, | 978-84-9056-744-9 | 2016 | ||||
Jonathan Portes | What Do We Know and What Should We Do About Immigration? | SAGE Publishing | 9781526464422 | 2020 | |||||
Martínez Moure, Olga | Mercado del trabajo y empleo / | Centro de Estudios Financieros, | 978-84-454-4130-5 | 2021 | |||||
Maudos Villarroya, Joaquín | Condiciones financieras de las empresas españolas : Efectos | Fundación BBVA, | 978-84-92937-77-6 | 2020 | |||||
Melanie Simms | What Do We Know and What Should We Do About the Future of Work? | SAGE Publishing | 9781526463463 | 2020 | |||||
OECD | OECD Productivity, human capital and educational policies | OECD | 2021 | recurso on-line | https://www.oecd.org/economy/human-capital/ | ||||
Pérez García, F. y Otros | El stock de capital en España y sus CC.AA. | Bilbao | Fundación BBVA | 2019 |