This subject belongs to the Economic Analysis module, formally within the subject “Microeconomics”.
It last for two semesters in the first Business year. It introduces to the student to the fundamental topics and methods in economic analysis, and it also provides with several basic concepts and tools that will be used in other teaching areas, such us economic politic and Spanish economy. The topics introduced in this subject will be continued and deepened in the subjects of “Intermediate Microeconomics” (first semester in 2nd course) and “Intermediate Macroeconomics” (first semester in 3rd course).
Course competences | |
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Code | Description |
E11 | Know the workings and consequences of the different economic systems |
E13 | Ability to make logical representative models of the business reality |
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 to use and develop information and communication technologies and to apply them to the corresponding business department by using specific programmes for these business areas. |
G05 | Capacity for teamwork, to lead, direct, plan and supervise multidisciplinary and multicultural teams in both national and international environments so as to create synergies which benefit organisations. |
Course learning outcomes | |
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Description | |
Search for information in order to analyze it, interpret is meaning, synthesize it and communicate it to others. | |
Get to know the main theories and schools in economic analysis in order to be able to explain the agents¿ behaviour at micro and macroeconomic levels, together with the imperfections that could come from different economic sectors as a result of the economic process. | |
Listen, negotiate, convince and defend arguments both in oral and writing ways. | |
Work out problems in creative and innovative ways. | |
Work autonomously and with personal initiative. | |
Additional outcomes | |
Description | |
1. To define issues studied by economics, what an economic theory is and to distinguish basic micro and macroeconomic topics. 2. Relate technology and production techniques with costs. 3. Enumerate the demand determinants and plot graphically the demand function as a relationship between quantity and price. 4. To define and calculate different types of elasticity (price, income and cross) form demand function in order to classify types of goods. 5. Calculate a good¿s the market equilibrium as the point where demand and supply are equal, and curves movements. 6. Calculate equilibrium in a perfect competition market as the price- marginal cost equality. 7. Calculate equilibrium in a monopoly market as the marginal revenue- marginal cost equality. 8. Describe the characteristics of an oligopoly market and distinguish it from perfect competition and monopoly markets. 9. Represent identities and fluxes in the economic circuit scheme and the sequence of balances. 10. Calculate macroeconomic equilibrium (on terms of production and employment) in a close and private economy, the income-expenditure model and the multiplier. 11. Calculate macroeconomic equilibrium (on terms of production and employment, public and foreign balances) in an open economy with public sector. 12. Explain the relationship between income growth and employment, differentiating among different types of unemployment. 13. To define inflation and its effects on the economy according to its causes. 14. To identify the factors behind general price levels, interest rates and exchange rates changes, together with the effect of those on economic activity. 15. To use of ICT to obtain and spread of the subject information and contents. 16. To achieve an adequate level in written and oral presentation of essays, with special attention to scientific forms and basic structure (transferable generic competence). 17. To apply the team work basic principles and roles in a small group (3 to 5 persons) (transferable generic competence). |
Training Activity | Methodology | Related Competences (only degrees before RD 822/2021) | ECTS | Hours | As | Com | R | Description * |
Class Attendance (theory) [ON-SITE] | Lectures | E11 E13 G01 G05 | 2 | 50 | N | N | N | |
Class Attendance (practical) [ON-SITE] | Combination of methods | E11 E13 G01 G05 | 1 | 25 | Y | N | N | |
Writing of reports or projects [OFF-SITE] | Combination of methods | E11 E13 G01 G03 G04 | 0.6 | 15 | Y | N | Y | |
Study and Exam Preparation [OFF-SITE] | Self-study | E11 E13 G01 | 2.32 | 58 | N | N | N | |
Individual tutoring sessions [ON-SITE] | Combination of methods | E11 E13 G01 | 0.08 | 2 | Y | N | Y | |
Writing of reports or projects [OFF-SITE] | Group Work | E11 E13 G01 G03 G04 G05 | 1.5 | 37.5 | Y | N | N | |
Study and Exam Preparation [OFF-SITE] | Self-study | E11 E13 G01 | 1.38 | 34.5 | N | N | N | |
Final test [ON-SITE] | Assessment tests | E11 E13 G03 | 0.12 | 3 | Y | Y | Y | |
Total: | 9 | 225 | ||||||
Total credits of in-class work: 3.2 | Total class time hours: 80 | |||||||
Total credits of out of class work: 5.8 | Total hours of out of class work: 145 |
As: Assessable training activity Com: Training activity of compulsory overcoming R: Rescheduling training activity
Grading System | |||
Evaluation System | Face-to-Face | Self-Study Student | Description |
Final test | 70.00% | 0.00% | |
Portfolio assessment | 20.00% | 0.00% | |
Assessment of active participation | 10.00% | 0.00% | |
Total: | 100.00% | 0.00% |
Not related to the syllabus/contents | |
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Hours | hours |
Class Attendance (theory) [PRESENCIAL][Lectures] | 50 |
Class Attendance (practical) [PRESENCIAL][Combination of methods] | 25 |
Writing of reports or projects [AUTÓNOMA][Combination of methods] | 15 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 58 |
Individual tutoring sessions [PRESENCIAL][Combination of methods] | 2 |
Writing of reports or projects [AUTÓNOMA][Group Work] | 37.5 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 34.5 |
Final test [PRESENCIAL][Assessment tests] | 3 |
Global activity | |
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Activities | hours |