Economy

This subject has as objective to put students in the conceptual and analytical basic frame of the economic analysis, both in its micro slope as macroeconomics, presenting the basic instruments of the economic analysis and the basic concepts of economy. Furthermore it is pretended to boost into students a certain ability to analyse and reasoning to begin to understand and interpret the economic reality, using models and basic concepts.

First part. Introduction.

Unit 1.-Basic concepts
Unit 2. - Prospect of thought and economic analysis

Second part. Microeconomics.

Unit 3. - Basic theory of supply and demand
Unit.4. - The market
Unit 5.- Applications of the supply and demand basic theory
Unit 6. - Intermediate theory of demand. Utility
Unit 7. - Intermediate theory of supply. Production.
Unit 8. - Intermediate theory of supply. Costs and benefits maximizing
Unit 9. - Market and perfect competence
Unit 10. - Market and monopoly
Unit 11. - Oligopoly and monopolistic

Third part: Macroeconomics

Unit 12. - Macroeconomics: A general view
Unit 13. - The equilibrium in the market of goods: the Keynesian model
Unit 14. - Money and financial system
Unit 15. - Central bank and currency politics
Unit 16. - Macroeconomics of an open economy
Unit 17. - Labour market. Dilemma between inflation and unemployment
Unit 18. - Inflation. Causes and effects
Unit 19. – Cyclical fluctuations
Unit 20. - Economic growth and development

Mochón, Francisco (2009): Economía. Teoría y política. Ed. McGraw Hill, 6ªed.

Begg, D., Fischer, S., Dornbusch, R. y Fernández, A. (2006), Economía, 8a edición, McGraw-Hill.
Berbanke, Ben y Frank, Robert (2007), Principios de Economía, 3ª Edición, Mc Graw Hill
Blanco, J. M. (2014). Economía. Teoría y Práctica. 6a edición, McGraw-Hill.
Castejón Montijano, Rafael e outros (2002): Economía.Teoría y Política. Libro de prácticas. Ed. McGraw Hill, 1ª ed
Krugman, P. e outros (2015):Fundamentos de economía. Ed. Reverté, 3ª ed.
Lipsey, Richard G. e Chrystal K. (1.999): Economía positiva. Ed. Vicens Vives, 13ª ed
Mankiw, N. G. (2007), Principios de Economía. 4 a edición, Thomson.
Rebeca de Juan, Libro de ejercicios. Economía, Teoría y Política 1ª Ed.
Samuelson, Paul y Nordhaus, William. (2006), Economía. 18a edición, McGraw-Hill
Sloman, John y Sutcliffe, Mark (1998) Introducción a la Microeconomía. 3ª edición. Prentice Hall.
Sloman, John y Sutcliffe, Mark (1997) Introducción a la Macroeconomía. 3ª edición. Prentice Hall.

General:
Autonomous learning.
Locating, analyzing, synthesizing and managing different types of sources of information.
Applying the critical reasoning in the study and analysis of a specific unit or topic.
Exposing suitably, in a written or oral way, a topic or unit of general characteristic or related to its speciality.
Work individually or in groups.

Specific:
-Recognizing and relating the processes of social change, from a historical, economical and sociological perspective, with the innovations in relation to organization of work and evolution of systems of labour relations.
-Understanding, relating and working with data and different normative necessary to support advice and make the pursue of the…….strategies of socio-economic and labour insertion.
-Locating, interpreting, synthesizing and representing data and labour and socio-economic indicators.

The degree characteristics advice not to go more deeply into the most technical aspects of economic theory and auxiliary disciplines as mathematics, trying to have a more interdisciplinary training orientated to make easy for students.a comprehension of the economic reality which predictably will be developed professionally in the future.
The teaching methodology will include:
-Expositive teaching, where it will be presented by teacher the knowledge that students should acquire, and
-Interactive teaching, where it will be tried that students connect the basic concepts previously explained at class with the economic and social reality, to achieve this they will use the news which appear in the different means of communication, they will work at the I.T. classes with the main basis of economic data, and they will do expositions about topics related to the contents of the subject.

The evaluation of the subject will consider all the activities to be performed along the course, considering different aspects of the acquisition of skills that contributes to this area and other aspects such as clarity and exhibition capacity, the domain of the terminology of the subject or active participation.
To pass the course, students must achieve a minimum of 5 points, according to the following scheme:

-REVIEW: 7 points

The review is structured as follows:
12 multiple choice questions: 3 points
4 questions about the contents of the subject: 4 points

Students can choose from a final exam or the performing of a midterm exam on the subject given in the first semester (the date hereof will be announced by the teacher in the first days of class). In this case they need to reach 3.5 points in order to perform the second partial exam (can be maintained, if necessary, for the second time in July), the final score being the average of the two tests. Failure to reach 3.5 points in the partial examination shall be a final review of all matter.

-CONTINUOUS ASSESSMENT: 3 points

Will take place in interactive classes through exercises, questions and proposed work by teachers, valuing especially the active participation of students. The score achieved in this section will continue, if necessary, for the second chance to pass the subject in July.

In case they obtain dispensation of assistance to class they will be evaluated exclusively across the corresponding examinations.



For the assumptions of fraudulent conduct of the exercises or tests, what is set out in the Regulations for assessing the academic performance of students and reviewing the qualifications

Provided that it is a subject of 9 credits, the students’ effort to pass successfully the subject . should reach 225 working hours, from which 45 would correspond to the classes of expositive teaching and 27 to the classes of interactive teaching, distributing students 153 remaining hours among the attendance to tutorials, accomplishment of the works and exercises, preparation of the examinations and accomplishment of these.

This is an introductory subject which puts students in contact with a big number of basic concepts of economy and where it is provided the basic tools for economic analysis. In order to advance properly in the learning of the subject it is essential that students acquire a rhythm of constant work and they should combine the study of theory with the solution of practical exercises.
The level of mathematics formalization of the course is minimal so as students can concentrate on the comprehension of concepts which must also be practiced in the practice of economic analysis through the using of easy models.
In spite of the simplicity of the techniques, the subject can suppose for some students a level of difficulty bigger than the expected. Due to this, it is very important that students practice the handling of concepts and model through practical exercises. Moreover, it will be of a great usefulness for students that are sure that they acquire enough knowledge of basic mathematics and the techniques of graphic analysis that is used during the course.

Among the contents of this subject is the beginning of the labour market study that will be developed more extensively in the 4th year of the same degree.

The subject will have a Virtual Classroom where the necessary materials for the development of interactive classes will be made available to students

For cases of fraudulent performance of the exercises or tests, the provisions of the Regulations on the assessment of students' academic performance and on the review of qualifications shall apply