Public University of Navarre

Academic year: 2018/2019 | Previous academic years:  2017/2018  |  2016/2017 
Double Bachelor's degree in Management, Business Administration and Law (international program)
Course code: 177104 Subject title: BUSINESS ECONOMICS
Credits: 6 Type of subject: Basic Year: 1 Period: 1º S
Department: Gestión de Empresas

Partes de este texto:


Module/Subject matter

Management/Organization and Human Resources.



The firm. Ownership and management. Economic approaches. Types of organizations. Environment. Evolution. Objectives, planning and control.


General proficiencies

CG01. Analysis and synthesis skills

CG04. Oral and written skills in English

CG08. Decision making skills

CG12. Social skills

CG15. Ethical behavior in the job

CG16. Ability to work in stressful environments

CG17. Self-learning skills

CB4. Students should be able to effectively deliver information, ideas, problems and solutions to the audience


Specific proficiencies

CE01. Understand economic institutions as the result and application of theoretical or formal models that represent how the economy works

CE04. Apply professional criteria and technical tools to solve business problems

CE11. Understand the nature of the firm as an organization and place where agents with different interests interact


Learning outcomes

Learning outcomes Content Training activities Evaluation system
R_DG_01. Understand decision making theoretical foundations Units 1 and 4 A1, A2, A3, A4, A5, A6 In-class and out-of-class individual exercises; Partial assessment; Final exam
R_DG_02. Understand the firm's basic theory. Organization and functional areas Units 1, 2, and 3 A1, A2, A3, A4, A5, A6 In-class and out-of-class individual exercises; Partial assessment; Final exam
R_DG_07. Understand how to manage conflict and motivate effective cooperation Units 5, 6, and 7 A1, A2, A3, A4, A5, A6 In-class and out-of-class individual exercises; Partial assessment; Final exam
R_DG_08. Understand ethical behavior in the firm Unit 7 A1, A2, A3, A4, A5, A6 In-class and out-of-class individual exercises; Partial assessment; Final exam



Methodology - Activity In-class hours Outside-class hours
A-1 Theoretical sessions 46  
A-2 Practical sessions 14  
A-3 Preparing individual/group assignments   40
A-4 Individual/group tutorial sessions   8
A-5 Self-study   40
A-6 Exam   2
Total number of hours 60 90


Relationship between formative activities and proficiencies

Methodology - Activity COMPETENCES
A-1 Theoretical sessions CG01, CG03, CG08, CG12, CG15, CE01, CE11
A-2 Practical sessions CG01, CG08, CG12, CG16, CEO1, CE03, CE04, CE11
A-3 Preparing individual/group assignments CG03, CG08, CG12, CE04, CB$
A-4 Individual/group tutorial sessions CG15
A-5 Self-study CG15, CG16, CG17
A-6 Exam CG01, CG08, CG16, CG17, CG02, CE04, CE13






Learning outcome Evaluation system Weight (%) Possibility of resit
R04, R08, RE1 Final exam 70% Yes
R04, R08, RE1 In-class and out-of-class individual exercises; Partial assessment 30% No


To make up the ordinary exam, at least 2 (out of 10) in the ordinary exam or to have performed continuous evaluation activities is required. To pass the course, at least 4 (out of 10) in the final exam is required.



This is a course on the analysis of organizations from an economic perspective. This course attempts to provide students with the basic conceptual knowledge and the indispensable analytic tools to better understand organizational problems that arise from collective action to finally improve firm efficiency.

Stockholders, managers, employees, financial institutions, customers and suppliers provide initiative and resources so that the firm can generate and distribute value. This course uses formal economic models to study the cooperation and conflict relationships between these parties.

This course considers the firm as a complex institution where the main characters are not the resources or the objectives but the individuals who act as rational agents. These agents relate to each other through contracts. These relationships take place in a context where the existence of uncertainty, information asymmetry and conflicting interests among the parties make cooperation more difficult. The firm is suggested as an institution able to mitigate such cooperation difficulties. Under this framework, different types of firms such as capitalistic firms and social firms are examined as well as the role of authority within the firm.

Finally, based on the value-chain concept, the different activities that firms perform are described and related to firm profit generation.



Unit 1. Markets and organizations

Unit 2. Transaction costs

Unit 3. Firm and value creation

Unit 4. Information and decision making

Unit 5. Authority and the employment relationship

Unit 6. Agency relation (large public corporations)

Unit 7. Cooperatives and the shirking problem



Acceda a la bibliografía que su profesor ha solicitado a la Biblioteca.


Douma, S. and Schreuder (2017) Economic Approaches to Organization, 6 edition, Pearson




Aulario UPNA.