Universidad Pública de Navarra - Nafarroako Univertsitate Publikoa
Public University of Navarre
| Course code: 174102 | Subject title: INTRODUCTION TO ECONOMICS | ||||
| Credits: 6 | Type of subject: Basic | Year: 1 | Period: 1º S | ||
| Department: Economía | |||||
| Lecturers: | |||||
| ALCALDE UNZU, JORGE (Resp) [Mentoring ] | ECHAVARRI AGUINAGA, REBECA [Mentoring ] | ||||
Contents
This introductory course to Economics presents the main economic notions related to the functioning of the economic system in a complex society. After beginning with the definition of Economics due to Lionel Robins (namely, "Economics is the science which studies human behaviour as a relationship between ends and scarce means that have alternative uses"), we go on to examine individual (including persons and firms) and social decisions in various economic contexts, and from micro and macroeconomic perspectives.
General proficiencies
CB1 - Students have demonstrated that they possess knowledge of and understand an area of study, based on general secondary education and usually at a level which, albeit with the support of advanced text books, also includes some aspects which imply knowledge of the latest developments in their field of study.
CB5 - Students have developed those learning skills required in order to undertake further studies with a considerable degree of self-reliance
CG04 - Oral and written skills in a foreign language
CG07 - Ability to solve problems
CG09 - Teamwork ability
CG10 - Interdisciplinary teamwork ability
CG12 - Interpersonal skills
CG19 - Creativity
CG21- Iniciative and entrepreneurship
Specific proficiencies
CE01 - Understanding economic institutions as a result and application of theoretical or formal representations about how the economy works.
CE04 - Performing business analyses applying professional criteria based on technical instruments.
Learning outcomes
R_EC_01. Define resource scarcity and describe the most relevant resource allocation models in economics.
R_EC_02. Define and interpret prices in a market economy.
R_EC_03. Use the fundamentals of production theory to represent and interpret short-term supply in a market for a good or service
concrete.
R_EC_04. Define efficiency and optimality in economics and apply these concepts to different market structures.
R_EC_05. Analyze economic stabilization policies: monetary, fiscal and supply.
Methodology
The learning and teaching methodology is based on student-centred and enquiry-based techniques that would combine lecturing on students with the creation of small and cooperative learning environments. We would exploit showcase empirical questions (called "evidence-based economics features"), data analysis, experiments, poster sessions and model design. The contents would be structured around a single textbook.
| Learning activities | Hours (classroom) | Hours (out of classroom) |
| A-1 Master sessions | 42 | |
| A-2 Seminars | 12 | |
| A-3 Advanced reading for lectures | 40 | |
| A-4 Studying | 48 | |
| A-5 Exams | 06 | |
| A-6 Office hours (individual) | 02 | |
| Total | 60 | 90 |
Evaluation
| Learning outcome |
Assessment activity |
Weight (%) | It allows test resit |
Minimum required grade |
|---|---|---|---|---|
| R_EC_01 and R_EC_02 | Assessment test | 15 | NO | NO |
| R_EC_01, R_EC_02, R_EC_03 and R_EC_04 | Partial exam | 20 | YES | NO |
| R_EC_05 | Assessment test | 15 | NO | NO |
| All | Final exam | 50 | YES | NO |
Agenda
Topic 1: Introduction
Topic 2: Demand, Supply and Equilibrium
Topic 3: Elasticities and Surplus
Topic 4: Perfect Competition and the Invisible Hand
Topic 5: Externalities
Topic 6: The Government in the Economy: Taxation and Regulation
Topic 7: The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates
Topic 8: Employment and Unemployment
Topic 9: The Monetary System
Topic 10: Short-run Fluctuations and Macroeconomic Policy
Bibliography
Access the bibliography that your professor has requested from the Library.
Acemoglu D., D. Laibson and J. A. List. 2017. Economics 2nd Ed. Pearson.