ECONOM - Introduction to Economics

Transcription

1 Coordinating unit: Teaching unit: Academic year: Degree: ECTS credits: EUNCET - Euncet University Business School EUNCET - Euncet University Business School BACHELOR'S DEGREE IN BUSINESS ADMINISTRATION AND MANAGEMENT (Syllabus 2009). (Teaching unit Compulsory) 6 Teaching languages: Spanish Teaching staff Coordinator: Dra. PAOLA MASTRANTONIO RAMOS Degree competences to which the subject contributes Specific: 3. Understanding the functioning of the economic and social institutions as a result and application of formal models about how an economic system works. Generical: 1. SUSTAINABILITY AND SOCIAL COMMITMENT_UPC. Knowing and understanding the complexity of economic and social factors typical of the welfare society; capacity for relating welfare with globalization and sustainability; ability to use in a balanced and compatible way the technique, the technology, the economy and the sustainability. 2. TEAMWORK AND PEOPLE DEVELOPMENT_N1. Being able to work as a member of an interdisciplinary team either as a standard member or undertaking management and people development tasks with the aim of contributing to carrying out projects with pragmatism and sense of responsibility, and taking on commitments bearing in mind the available resources. Teaching methodology Strategies in the classroom In the first part of class time, (105) minutes the teacher will present the Chapter including theoretical aspects and its exemplification The guidelines will be given for the development of work that will be done by the students. In the second part of the class time, the students will develop a range of activities in a team and they should deliver them. Half an hour before the session finishes, the teacher will answer any doubts and queries that may have arisen during the first part of class time as well as in the development of the activities. Finally,the correction guidelines for the developed exercises will be given. Strategies of autonomous learning. Recommended readings Resolution of exercises guides Learning objectives of the subject - Being able to use economic language which allows you to understand events taking place in the real economy. - Being able to search for economic information on bibliographical sources either in texts or in official websites. - Being able to include within the two main areas of economics the aspects which relate to microeconomics and macroeconomics. - Being able to understand how markets work and the role of the different economic agents. - Being able to analyze the macroeconomic information in a specific territory. 1 / 6

2 Study load Total learning time: 150h Hours large group: 0h 0.00% Hours medium group: 37h 30m 25.00% Hours small group: 12h 30m 8.33% Guided activities: 12h 30m 8.33% Self study: 87h 30m 58.33% 2 / 6

3 Content Chapter 1. How individuals make decisions Learning time: 12h 30m Practical classes: 4h Guided activities: 3h Self study : 5h 30m 1. Scarcity 2. Opportunity Cost 3. Cost-Profit Analysis 4. Marginal Analysis Chapter 2. Why models are used 1. Production possibility frontier 2. Absolute Advantage and Comparative Advantage 3. Circular Flow of Income 4. Positive economics vs. Normative economics 3 / 6

4 Chapter 3. Microeconomics 1. The Competitive Market 2. Other types of markets 3. Supply and demand model 3.1 Demand curve 3.2 Supply curve 3.3 Factors which shift both the supply and demand curves 3.4 Equilibrium Price 3.5 Changes in the Equilibrium Price when the demand and supply curves shift Chapter 4. Extensions to the Basic Model 1. Elasticity 2. Consumer Surplus 3. Producer Surplus 4. Market Failure 4 / 6

5 Chapter 5. Macroeconomics 1. Macroeconomics: A General Overview 2. The Economics Cycle 3. The Long-Term Growth 4. Inflation and Deflation 5. Open Economy Chapter 6. Macroeconomic Measurement 1. Nominal and Real Variables 2. Gross Domestic Product (GDP) 3. Methods of Calculating Gross Domestic Product 4. Economic Growth and indicators 5. Inflation and Price Indexes 6. Unemployment and its measurement 5 / 6

6 Qualification system Final exam (60%) Continuous assessment (40%) The final grade for the course (FQ) is calculated from the following formula: FQ Mark = 60% Final Exam + Continuous assessment mark 40% Minimum mark Final Exam 40 points out of 100 The course is passed with a FQ equal or above 50 out of 100 Generic skills are evaluated from the activities undertaken throughout the course and are considered passed if the student gets a score equal to or higher than 3 on the assessment rubric. Regulations for carrying out activities A minimum mark of 40 out of 100 is required in the final exam to be able to average with the coursework mark, otherwise the final course mark will be a fail Bibliography Basic: Krugman, Well and Graddy. Essencial of economics. Worth Publishers, 201. Krugman and Wells. Introducción a la economía. Editorial Reverté, Begg, Fischer i Dornbusch. Economics. Mac Graw Hill Companies, González González, Manuel. Introducción a la Economía. Pearson Education, / 6