Universidad de Jaén

Menú local

Syllabus 2018-19 - 11411002 - Political Economics (Economía política)

Caption
  • Level 1: Tutorial support sessions, materials and exams in this language
  • Level 2: Tutorial support sessions, materials, exams and seminars in this language
  • Level 3: Tutorial support sessions, materials, exams, seminars and regular lectures in this language
DEGREE: Grado en Gestión y administración pública
FACULTY: FACULTY OF LAW AND SOCIAL SCIENCES

ACADEMIC YEAR: 2018-19
SYLLABUS
1. COURSE BASIC INFORMATION
NAME: Political Economics
CODE: 11411002 ACADEMIC YEAR: 2018-19
LANGUAGE: English LEVEL: 3
ECTS CREDITS: 6.0 YEAR: 1 SEMESTER: SC
 
2. LECTURER BASIC INFORMATION
NAME: MARTOS MARTÍNEZ, CLARA BELÉN
DEPARTMENT: U110 - ECONOMIA
FIELD OF STUDY: 225 - ECONOMÍA APLICADA
OFFICE NO.: - E-MAIL: - P: -
WEBSITE: -
LANGUAGE: - LEVEL: 3
 
3. CONTENT DESCRIPTION

Introduction to Economics.

Block I: INTRODUCTION

Unit 1. Introduction to economic science
1.1.- How individuals make decisions
1.2.- How individuals interact
1.3.- How the economy as a whole works
1.4.- The model of the production possibilities frontier
1.5.- Distinction between Microeconomics and Macroeconomics

Block II: MICROECONOMICS

Unit 2. Market forces: supply, demand, equilibrium and elasticity
2.1.- Markets and competition
2.2.- The demand
2.3.- The offer
2.4.- The balance between supply and demand
2.5.- The elasticity

Unit 3. The company: costs and production
3.1.- What are the costs?
3.2.- Production and short-term costs
3.3.- Long-term costs: economies and diseconomies of scale

Unit 4. Competitive equilibrium
4.1.- Basic assumptions of competitive markets
4.1.1. characteristics
4.1.2. Total income, median income and marginal income
4.2.- Maximization of profits and the supply curve of the competitive company
4.2.1.- The marginal cost curve and the bidding decision of the competitive firm
4.2.2.- Short and long term production decision
4.3.- The supply curve of a competitive market

Unit 5. Efficiency and market failures
5.1.- Efficiency: consumer surplus, producer surplus, total surplus and maximization of well-being in the market equilibrium
5.2.- Market failures: externalities and market power
5.2.1.- Externalities
5.2.2.- Market power: monopoly, oligopoly and monopolistic competition

Block III: MACROECONOMY

Unit 6. Panoramic view of the macroeconomy. Variables and concepts
6.1.- Income and expenditure of the economy
6.2.- The measurement of gross domestic product
6.3.- The components of GDP
6.4.- GDP and economic welfare

Unit 7. Production and economic growth
7.1.- Economic growth in the world
7.2.- Productivity: its role and its determinants
7.3.- Economic growth and economic policy
7.4.- Long-term growth

Unit 8. Savings, investment and financial system
8.1.- Financial institutions
8.2.- Savings and investment
8.3.- The market for loanable funds
8.4.- The meaning of money and the central bank
8.5.- Banks and the money supply

Unit 9. Unemployment and inflation
9.1.- Identification of unemployment
9.2.- Theories that explain unemployment
9.2.1.- The job search
9.2.2.- Legislation on the minimum wage
9.2.3.- Trade unions and collective bargaining
9.2.4.- Theory of efficiency wages
9.3.- Concept and causes of inflation
9.4.- Inflation costs
 
Unit 10. Macroeconomics in an Open Economy
10.1.- International movements of goods and capital
10.2.- Actual and nominal exchange rates
10.3.- Purchasing power parity

4. COURSE DESCRIPTION AND TEACHING METHODOLOGY

Master classes

The basic lines of the themes will be presented and will furnish the material for student development.

Practices

Application of the theoretical contents will be made, in groups or individually. Discussion and student participation will be encouraged.

Type test final exam on the contents of the subject will be.

Students with special educational needs should contact the Student Attention Service (Servicio de Atención y Ayudas al Estudiante) in order to receive the appropriate academic support

5. ASSESSMENT METHODOLOGY

The final grade will be the result of the aggregation of grades on a test type final exam on theoretical and operational matter and a series of activities scheduled for the course content.

The final choice test, consist of 40 questions where the correct answers add 0,2 points, wrong answers subtract 0,1 points and unanswered questions or add or subtract, it will represent 80 100 of the final grade. E2 know the fundamentals of the economy, G6 G1 Decision Making and Capacity for analysis and synthesis: the skills are valued.

Additionally, students will perform as scheduled activities during the school period: practical tests, presentation of individual / group work, self-assessment tests and / or class participation. These activities will have a maximum score of 20 per 100 of the final grade. E2 know the fundamentals of the economy, G6 G1 Decision Making and Capacity for analysis and synthesis: the skills are valued.

The student is not submitted to the examination despite having made practical activities will be considered No Presented in the call, pocketing the qualification of the same for the following calls of this academic year.

6. BOOKLIST
MAIN BOOKLIST:
  • Principles of Economics. Edition: 6th. Author: N. Gregory Mankis. Publisher: Sourth-Western  (Library)
ADDITIONAL BOOKLIST:
  • Essential Economics. Edition: -. Author: Parkin, Michael. Publisher: New York: Pearson, 2012  (Library)