Guías Docentes Electrónicas
1. General information
ECTS credits:
Academic year:
First semester
Main language:
Second language:
Use of additional languages:
English Friendly:
Web site:
Lecturer: PABLO GARCIA ANSOLA - Group(s): 21 
Phone number
Office hours
Vía Teams

Lecturer: JUAN RAMON TRAPERO ARENAS - Group(s): 21 
Phone number
Office hours
Margarita Salas/ 304
Monday to Friday from 10:00 h to 11:00 h

2. Pre-Requisites
Not established
3. Justification in the curriculum, relation to other subjects and to the profession

This subject is aimed at providing the student of the Chemical Engineering degree with basic training on aspects related to the economy and the chemical industry. In this way, topics related to: economic theory, the structure of the company, its main functional areas, the basic characteristics of the chemical industry and the main tools that managers have for decision-making will be analyzed. Thus, we can consider that one of the main objectives will be to provide the student with knowledge and skills (related to the different functional areas of the company: production, financing and marketing) so that in the development of their future functions in the business activity in the chemical industry can contribute to improving the competitiveness of the company.

Chemical engineers are typically involved in feasibility studies and economic evaluations of processes that rely on company financials. Since many costs come from typical operations in the chemical process industries, technical as well as managerial and financial knowledge is required. Therefore, in order for engineers to be able to communicate with the different departments of a company, it is important that they know how to interpret the most relevant concepts in finance, costs and accounting.

Given the high volatility and uncertainty of the environment, it is necessary for companies to carry out continuous internal and external analysis. In this way, the entity will know its strengths and weaknesses, at the same time that it will detect the opportunities and threats that come from the environment. With these elements, the company can develop a strategy that tends to guarantee its survival in the sector. Therefore, it is important that all employees have this capacity for continuous analysis to contribute to the development of the optimal strategy.

The subject is part of the basic module and will be important for a better understanding of the subject Planning and Control of Production and Industrial Organization of the first quarter of the fourth year. In this subject, the productive subsystem will be analyzed in depth, for which a minimum knowledge of business economics is required. In addition, the graduate who later wishes to pursue a research master's degree in chemical engineering will take credits related to applied knowledge of business organization.

4. Degree competences achieved in this course
Course competences
Code Description
CB03 Be able to gather and process relevant information (usually within their subject area) to give opinions, including reflections on relevant social, scientific or ethical issues.
E06 Adequate knowledge of the concept of company, institutional and legal framework of the company. Organization and management of companies.
G03 Knowledge in basic and technological subjects, which enables them to learn new methods and theories, and give them versatility to adapt to new situations.
G09 Capacity for organization and planning in the field of the company, and other institutions and organizations.
G17 Capacity for critical thinking and decision making
5. Objectives or Learning Outcomes
Course learning outcomes
To understand the key objectives in the marketing subsystem.
To understand the main accounting concepts of a company and be able to understand its main accounts such as the balance sheet, the income statement and the economic-financial analysis through the use of ratios.
To analyze the economic viability of a project using the main investment evaluation methods such as NPV and IRR. Know the implementation of these financial functions in MS-Excel.
To know the main tools in the production subsystem of a company to optimize decision making in reference to productivity, cost analysis, production capacity and inventory management.
To know the different competitive strategies that a company can develop and be able to perform the SWOT analysis of a company.
To understand the main macroeconomic variables of a country such as the Gross Domestic Product and the Consumer Price Index among others.
To know the nature of the company and its different legal forms, as well as the peculiarities of the chemical industry.
To have knowledge about the formation of supply and demand curves in the market.
Additional outcomes
Not established.
6. Units / Contents
  • Unit 1: Introduction to economics
  • Unit 2: Microeconomics
  • Unit 3: Macroeconomics
  • Unit 4: Nature of companies and chemical industry
  • Unit 5: Fundamentals of business strategy
  • Unit 6: Finance subsystem
  • Unit 7: Operations subsystem
  • Unit 8: Marketing subsystem
7. Activities, Units/Modules and Methodology
Training Activity Methodology Related Competences (only degrees before RD 822/2021) ECTS Hours As Com Description
Class Attendance (theory) [ON-SITE] Combination of methods E06 G03 G09 1.6 40 N N
Workshops or seminars [ON-SITE] Project/Problem Based Learning (PBL) CB03 E06 G09 G17 0.4 10 Y N
Group tutoring sessions [ON-SITE] Combination of methods CB03 E06 G17 0.2 5 Y N
Progress test [ON-SITE] Assessment tests CB03 E06 G03 G09 G17 0.1 2.5 Y N
Study and Exam Preparation [OFF-SITE] Self-study CB03 E06 G03 G09 G17 3.6 90 N N
Computer room practice [ON-SITE] Practical or hands-on activities G03 G09 G17 0.1 2.5 Y N
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).

8. Evaluation criteria and Grading System
Evaluation System Continuous assessment Non-continuous evaluation * Description
Assessment of problem solving and/or case studies 30.00% 0.00%
Final test 70.00% 100.00%
Total: 100.00% 100.00%  
According to art. 4 of the UCLM Student Evaluation Regulations, it must be provided to students who cannot regularly attend face-to-face training activities the passing of the subject, having the right (art. 12.2) to be globally graded, in 2 annual calls per subject , an ordinary and an extraordinary one (evaluating 100% of the competences).

Evaluation criteria for the final exam:
  • Continuous assessment:
    To pass the subject, the average mark should be equal or greater than 5 out of 10.
  • Non-continuous evaluation:
    In case the student do not deliver the assessment of problem solving and/or case studies, the final test would weigth the 100% of the evaluation.

Specifications for the resit/retake exam:
In the resit/retake exam, all the passed evaluations will be kept and students will only be examined of the failed parts. To pass the subject, the average mark should be equal or greater than 5 out of 10.
Specifications for the second resit / retake exam:
Evaluation criteria not defined
9. Assignments, course calendar and important dates
Not related to the syllabus/contents
Hours hours

10. Bibliography and Sources
Author(s) Title Book/Journal Citv Publishing house ISBN Year Description Link Catálogo biblioteca
De Lucas y otros Economía para la función directiva del ingeniero en la industria química 2011  
Mochón Morcillo, Francisco Principios de economía McGraw Hill 84-481-4656-5 2006 Ficha de la biblioteca
Pérez Gorostegui, Eduardo Introducción a la economía de la empresa Centro de Estudios Ramón Areces 84-8004-512-4 2002 Ficha de la biblioteca
Trapero Arenas, Juan Ramón Dirección y gestión empresarial Mc Graw Hill Education 978-84-481-9038-5 2013 Ficha de la biblioteca

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