|Course code: 177105||Subject title: INTRODUCTION TO ECONOMICS|
|Credits: 6||Type of subject: Basic||Year: 1||Period: 1º S|
|ECHAVARRI AGUINAGA, REBECA (Resp) [Mentoring ]||CORREA LOPERA, GUADALUPE [Mentoring ]|
|GARCIA POLA, BERNARDO [Mentoring ]|
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
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.
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
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.
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-3 Advanced reading for lectures||40|
|A-6 Office hours (individual)||02|
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.
|Weight (%)||It allows
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 5: Imperfect competition: The monopoly case
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
Acemoglu D., D. Laibson and J. A. List. 2019. Economics 2nd Ed. Pearson.