No previous requirements stablished. Having passed the subjects in the first academic year is advisable as, in order to understand the performance of markets – and, in particular, the labour market – students will need basic previous knowledge in Economics, Law, Sociology and Social History. It is also important to be used to search for economic statistics/ indicators and to do bibliographic searches, as well as using computing tools for statistical analysis, such as spread-sheets (Excel). Good command of English will also help in reading supplementary texts, particularly in certain issues in which it is relevant to know the experience from different countries.
The subject is firstly devoted to the analysis of product markets and firms behaviour in those markets (Industrial Economics). Then it entails with the study of the labour market (Labour Economics). Both issues are combined in the same subject because it is very important for the student in Industrial Relations and Human Resources Management to understand the performance of product markets as a pre-requisite to understand the labour market.it is well-known that the demand for labour is a derived demand, this is, the needed amount of labour will be dependent on the needs from the goods and services production processes. Disconnecting the analysis of product and labour markets have caused harmful effects for both Economics –as a science- and labour market policies. Unemployment and wage problems have been often been attributed to high wages and rigidities in the labour market, when in fact they were based in the lack of competition in the product markets and vice-versa. Integrating both aspects in a unique subject will prevent this disconnection.
Course competences | |
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Code | Description |
E18 | Ability to support, advise and monitor the implementation of territorial strategies for socioeconomic promotion and job placement. |
E19 | Ability to advise on the design and management of risk prevention systems and on liability for non-compliance in matters of prevention. |
G01 | Ability to understand the structure and functioning of the product and labor markets. |
G02 | Capacity for legal reasoning and interpretation, understanding the general theory of legal norms. |
G04 | Familiarity with the main aspects of corporate and labor taxation. |
G05 | Ability to understand and advise on the different forms of legal organization of business activities. |
G06 | Ability to draft and interpret contracts and to advise on civil liability. |
Course learning outcomes | |
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Description | |
Development of professional activities in accordance with ethical principles and respect for fundamental rights. | |
Appropriate use of ICTs. | |
Understanding texts and materials in a foreign language. | |
Exhibition and defense of matters related to the subject. | |
Analyze the structure and functioning of product and labor markets. | |
Seeking, analyzing and summarizing information. | |
Know and understand the basic concepts of economics. | |
Additional outcomes | |
Description | |
Assessing the limitations of price competition models versus Non-price competition on market performance and wage determination, as well as in the consequences of design and implementation of firm, market and public policies through the study of production costs and the determinants of productivity. | |
Understanding the impact of innovation and firms competitive strategies on the performance of markets, particularly as regards employment and workers¿ socio-economic conditions. | |
Understanding the key issues in the structure and performance of both products and labour markets, from the existence (or lack) of competition and the policies addressed to ensure an effective competition in the markets and provide consumers with the benefits of a free market system. | |
Being able to assess the role of trade unions and collective bargaining on innovation and on the performance / functioning of products and labour markets. |
PART I – Structure and performance of product markets (INDUSTRIAL ECONOMICS) (Units 1 to 4)
PART II –Labour market and employment policies (LABOUR ECONOMICS) (Units 5 to 8)
The details from each unit will be provided in the on-line platform Campus Virtual.
Training Activity | Methodology | Related Competences (only degrees before RD 822/2021) | ECTS | Hours | As | Com | Description | |
Problem solving and/or case studies [ON-SITE] | Practical or hands-on activities | E18 E19 G02 G04 | 0.3 | 7.5 | Y | N | The instructor will devote this section to supervise and explain exercises and practical tasks with the group of students in each practical session (students will split in two groups if the number of pupils registered in the subject is large enough). This teaching must allow students to develop in an autonomous way the different assessable tasks proposed by the instructor. | |
Class Attendance (theory) [ON-SITE] | Lectures | E18 E19 G01 | 1.5 | 37.5 | N | N | The instructor will explain the most difficult and/or important aspects of the 8 units in the programme. These explanations should be completed with the study of a recommended reading list. These classes will take place with the whole group of students. | |
Other on-site activities [ON-SITE] | Combination of methods | E18 E19 G02 G06 | 0.5 | 12.5 | Y | N | ve / collaborative learning will be enhanced by using different tools (debates, role games, teamwork¿). | |
Final test [ON-SITE] | Assessment tests | E18 E19 G01 G02 | 0.1 | 2.5 | Y | Y | The final written assessment will be made up by different questions relative to theoretical issues, the definition of basic concepts and numerical exercises/tasks. The minimum mark in the written assignment in order to pass the subject will be 5.0 points over 10 (equivalent to 3 points in the overall mark). | |
Study and Exam Preparation [OFF-SITE] | Self-study | E18 E19 | 1.8 | 45 | N | N | In order to understand and acquire the basic concepts within the syllabus the student is expected to devote time to study in an autonomous way. | |
Other off-site activity [OFF-SITE] | Case Studies | E18 E19 G01 G02 G04 | 1 | 25 | Y | N | Firm competitive strategies will be analysed: case studies will ease the learning of concepts and understanding of the performance in product and labour markets. | |
Other off-site activity [OFF-SITE] | Problem solving and exercises | E18 E19 G01 | 0.3 | 7.5 | Y | N | Official reports (from the European Commission, the IMF, the National Commission on Markets and Competition (CNMC),¿) as well as official statistics sources (Labour Force Survey, amongst others) in order to solve the tasks / exercises proposed by the instructor(s). This activity may entail the search for particular data and the computation of several indicators. | |
Other off-site activity [OFF-SITE] | Reading and Analysis of Reviews and Articles | E18 E19 G01 G02 G04 | 0.5 | 12.5 | Y | N | Synthesis of supplementary readings and reporting answers to questionnaires based on recommended supplementary readings. | |
Total: | 6 | 150 | ||||||
Total credits of in-class work: 2.4 | Total class time hours: 60 | |||||||
Total credits of out of class work: 3.6 | Total hours of out of class work: 90 |
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 |
Other methods of assessment | 30.00% | 0.00% | The final written assessment will be made up by different questions relative to theoretical issues, the definition of basic concepts and numerical exercises/tasks. The minimum necessary mark in the written assignment in order to pass the subject will be 5.0 points over 10. |
Final test | 70.00% | 100.00% | This includes tasks and exercises solving, text comments, quizzes to test knowledge acquisition, active participation in the classroom and in virtual academic forums, individual and group essays, among other activities |
Total: | 100.00% | 100.00% |
Not related to the syllabus/contents | |
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Hours | hours |