Public University of Navarre



Academic year: 2023/2024 | Previous academic years:  2022/2023  |  2021/2022  |  2020/2021  |  2019/2020 
International Bachelor's degree in Management and Business Administration
Course code: 174102 Subject title: INTRODUCTION TO ECONOMICS
Credits: 6 Type of subject: Basic Year: 1 Period: 1º S
Department: Economía
Lecturers:
ECHAVARRI AGUINAGA, REBECA (Resp)   [Mentoring ] CORREA LOPERA, GUADALUPE   [Mentoring ]
GARCIA POLA, BERNARDO   [Mentoring ]

Partes de este texto:

 

Module/Subject matter

Economics/Economic Analysis

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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

 

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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.

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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.

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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

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Relationship between formative activities and proficiencies/learning outcomes

The master classes will consist on an exposition of the course topics by the instructor.

The seminar and problem solving classes will require the active participation by the students.

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Languages

English.

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Evaluation

 

Learning
outcome
Assessment
activity
Weight (%) It allows
test resit
Minimum
required grade
All

In-class individual assessments 20 NO NO
All Partial exam/s 30 YES, in the retake exam NO
All Final exam 50 YES, in the retake exam NO

 

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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.

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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: Imperfect competition: The monopoly case

Topic 6: Externalities

Topic 7: The Government in the Economy: Taxation and Regulation

Topic 8: The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates

Topic 9: Employment and Unemployment

Topic 10: The Monetary System

Topic 11: Short-run Fluctuations and Macroeconomic Policy

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Bibliography

Access the bibliography that your professor has requested from the Library.


Acemoglu D., D. Laibson and J. A. List. 2019. Economics 2nd Ed. Pearson.

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Location

Campus de Arrosadia.

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