Course guide of Political Economy (2161112)
Grado (bachelor's degree)
Branch
Module
Subject
Year of study
Semester
ECTS Credits
Course type
Teaching staff
Theory
- David Mark Epstein . Grupo: Z
- María Dolores Moreno Herrero. Grupo: A
Practice
Timetable for tutorials
David Mark Epstein
Email- Monday de 10:30 a 12:30 (C115 - F.CC.Ee.)
- Tuesday de 10:30 a 12:30 (C115 - F.CC.Ee.)
María Dolores Moreno Herrero
Email- First semester
- Monday de 10:30 a 12:30 (C-121 F. Empresariales)
- Tuesday de 10:30 a 12:30 (C-121 F. Empresariales)
- Wednesday de 08:30 a 10:30 (C-121 F. Empresariales)
- Second semester
- Wednesday de 08:30 a 14:30 (C-121 F. Empresariales)
Prerequisites of recommendations
Students are recommended to have prior knowledge of graphical representation and elemental mathematical analysis, and to have a level of English equivalent to B2, and not less than B1 (Common European Framework of Reference for Languages).
Brief description of content (According to official validation report)
- Basic principles of Economics
- Supply and demand. Elasticity. Surplus.
- Market failure and State intervention.
- Overview of the Macro-economy (the economic cycle, inflation and unemployment).
- Measurement of GDP.
- Aggregate supply and demand. Fiscal policy and monetary policy
General and specific competences
General competences
- CG01. Ability to learn and work autonomously.
- CG02. Ability to analyse and search for information from a variety of sources applicable to the field of study.
- CG04. Ability to work in a team.
- CG06. Ability to analyse and summarise.
- CG08. Problem-solving skills in economic and business contexts.
- CG14. Ability to convey information, ideas and solutions to problems raised.
- CG16. Sensitivity towards environmental and social issues
- CG19. Oral and written communication skills in Spanish.
- CG23. Cognitive comprehension ability
- CG25. Habilidad en las relaciones interpersonales
- CG26. Capacidad crítica y autocrítica
Specific competences
- CE28. Conocer y aplicar los conceptos básicos de Economía.
- CE29. Adquirir los conocimientos básicos de los fundamentos del análisis microeconómico y macroeconómico
- CE30. Conocer los criterios de elección económica de los agentes, el papel económico del Estado y cómo se determina el precio en los mercados de productos y en los mercados de factores.
- CE31. Conocer la determinación de la renta de equilibrio en los mercados reales y financieros (en una economía cerrada y en una economía abierta), el modelo de oferta y demanda agregadas, y la eficacia de la política fiscal y de la política monetaria.
- CE32. Understand the different economic policies and their application to a variety of real-world problems.
- CE33. Poder transmitir información, ideas y soluciones sobre problemas planteados.
Transversal competences
- CT02. Assess, on the basis of the relevant information records, the situation and foreseeable evolution of a company, issue reports on specific company and market situations, and make decisions on the basis of the resulting information.
Objectives (Expressed as expected learning outcomes)
- Understand and apply the basic concepts of Economics.
- Understand and apply the basic concepts of Microeconomics.
- Understand and apply the basic concepts of Macroeconomics.
- Understand how the different economic agents interact.
- Understand the different options faced by those charged with economic policy when applying economic models to real-world problems.
Detailed syllabus
Theory
TOPICS TAUGHT
- BASIC PRINCIPLES OF ECONOMICS
- DEMAND AND SUPPLY: THE MARKET
- THE FIRM AND PRODUCT MARKETS
- THE ROLE OF THE STATE
- MACROECONOMICS
- AGGREGATE DEMAND AND FISCAL POLICY
- MONEY, THE FINANCIAL SECTOR AND MONETARY POLICY
- INTERNATIONAL TRADE AND THE OPEN MARKET ECONOMY
Practice
SEMINARS
Students will be required to complete practical exercises and participate in seminar groups
Bibliography
Basic reading list
Samuel Bowles, Frank Roosevelt, Richard Edwards, and Mehrene Larudee. Understanding Capitalism, Competition, Command, and Change. Oxford University Press. ISBN: 9780190610937
Krugman, P., Wells, R. y Graddy, K. (2011): Essentials of economics, Worth publishers: New York
Complementary reading
The Economist (online newspaper). www.economist.com
The Bottom Line (podcasts on business and economics) https://www.bbc.co.uk/programmes/b006sz6t/episodes/player
50 things that made the modern economy (podcasts on economics) https://www.bbc.co.uk/programmes/w3csz2wl
Simon Evans goes to market (podcasts on economics) https://www.bbc.co.uk/programmes/m00051lf
Enron: the smartest guys in the room (documentary) https://youtu.be/H2f7FunDuTU
Milton Friedman. I, pencil (monologue) https://youtu.be/67tHtpac5ws
Recommended links
PRADO 2 http://prado.ugr.es
Teaching methods
- MD01. Docencia presencial en el aula
- MD02. Estudio individualizado del alumno, búsqueda, consulta y tratamiento de información, resolución de problemas y casos prácticos, y realización de trabajos y exposiciones.
- MD03. Tutorías individuales y/o colectivas y evaluación
Assessment methods (Instruments, criteria and percentages)
Ordinary assessment session
Continuous evaluation:
Examinations and tests – physical and/or online: - 60%
Other evaluable activities (attendance, participation, practical activities, coursework, tests, oral evaluation by GoogleMeet using an email account @go.ugr.es ) – physical and/or online –40%
Students are required to obtain at least 50% in the examination and 40% in other evaluable activities. The overall pass mark is 5/10.
Ordinary exam
The exam consists of multiple choice questions and short essays
Extraordinary assessment session
Extraordinary exam
The exam consists of multiple choice questions and short essays
Single final assessment
Students should apply in advance to the Director of the department.
Final exam (written and/or oral, either physical or online) 100%
Additional information
STUDENTS WITH DISABILITIES AND SPECIAL NEEDS:
The Department in accordance with the Regulations for the attention to students with disabilities and other specific educational support needs (approved by the Governing Board of the University of Granada on 20th September 2016) will promote the right to education under conditions of equal opportunities to students with disabilities and other specific educational support needs. The necessary assistance actions will be established to achieve their full and effective inclusion, guaranteeing their right to inclusive education, in accordance with the principles of non-discrimination, equal opportunities and universal accessibility, so that they can achieve the maximum possible development of their personal and , in any case, the objectives established in general for all students. Likewise, according to article 11 current Rules for Assessment of students at the University of Granada, the evaluation systems will be adapted to students with disabilities or other specific needs of educational support, guaranteeing in any case their rights and favouring their inclusion in university studies.