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Economía II (GED60001)

General information

Type:

BAS

Curs:

1

Period:

S semester

ECTS Credits:

5 ECTS

Teaching Staff:

Group Teacher Department Language
Juan Pedro Aznar Alarcón Economía, Finanzas y Contabilidad ESP

Workload distribution

-Classroom activities: 40% of credits
-Guided activities: 20% of credits
-Independent study: 40% of credits

COURSE CONTRIBUTION TO PROGRAM

This course contributes to the programme by providing students with training on the basic foundations of economic analysis of Law, the foundations of macroeconomic and economic policy analysis.

Course Learning Objectives

This class contributes to students' comprehensive training. The aim is to equip students with the capacity to evaluate economic policy alternatives, both in terms of profits as well as its consequences for equity. They will also develop their understanding of the general functioning of the economy, the interrelationships between the different variables and the interpretation of texts and economic graphs. By the end of this course, students should be able to carry out a basic macroeconomic analysis of a country as well as understand an economic article on macroeconomics with a mid level of difficulty.

Competences

6. Strategic thought, systematic thought

Relation between Activities and Competences

6
Exercises and analyses  
Mid-term exam  
Final exam  

CONTENT

1. SUBJECT 1. INTRODUCTION TO MACROECONOMICS

1.1. Macroeconomics and its aims
1.2. Primary macroeconomic indicators
1.3. Macroeconomic changes in Spain and the Euro Zone
1.4. Analysis of GDP components

2. SUBJECT 2. PUBLIC BUDGETS AND FISCAL POLICY

2.1. The role of the public sector in the economy
2.2. Public income
2.3. Public expenditure: most important costs in Spain
2.4 Public deficits and their consequences

3. SUBJECT 3. THE FINANCIAL SYSTEM AND MONETARY POLICY

3.1. The financial system in Spain: the role of banks and savings banks
3.2. The Central Bank and monetary policy
3.3. The Euro Zone and monetary policy
3.4. The importance of regulating financial markets: panic affecting banks, new financial products and the current crisis

4. SUBJECT 4. UNEMPLOYMENT AND INFLATION

4.1. The job market: an economic analysis
4.2. Labour Law and its economic consequences
4.3. The Spanish job market
4.4. Experiences in efficient job markets: Denmark and Austria
4.5. Inflation: concepts and its measurement
4.6. Causes of inflation
4.7. Consequences of inflation
4.8. The risk of deflation: Japan

5. SUBJECT 5. CURRENT ECONOMIC EVENTS

5.1. The financial crisis: its origin and propagation from the United States to Europe
5.2. Greek debt and the euro crisis. How do speculative attacks work?
5.3. Globalisation and its effects

Relation between Activities and Contents

1 2 3 4 5
Exercises and analyses          
Mid-term exam          
Final exam          

Methodology

1) Class activities. The class is divided into two parts. In the first part, faculty will present the content of the corresponding topic in a manner that seeks to use examples, allowing students to interrelate Economics and Law. In the second part theoretical concepts will be addressed through:
- The completion of analytical comprehension exercises.
- Analysis of case studies that include: sentences, lawsuits with a clear economic component and analysis of public budgets.
- Analysis of economic news which may on occasions give rise to debates.
- Analysis of current economic reports that allow macroeconomics to be related to the current economic situation.

2) Ongoing assessment exercises. These consist of exercises similar to those undertaken in the second part of the classes. Each student will submit between 3 and 4 during the course.

3) Oral group presentation. Groups of 4 students will give a presentation on one of the topics addressed in class.

ASSESSMENT

ASSESSMENT BREAKDOWN

Description %
Exercises and analyses 25
Mid-term exam 25
Final exam 50

Assessment criteria

Attendance is compulsory.

Students will not be assessed if they miss more than 10% of the classes.

To pass the course, students need to earn a minimum mark of 5 out of 10 on the Final exam.

Students who do not:
1. Pass the course at the FIRST SITTING OF THE EXAM, due to not attending class, not completing the set activities or copying them will not be able to RE-SIT THE FINAL EXAM and will therefore have to re-take the course again and complete the set activities specified by faculty.
2. Have the level of required competences will be able to move on to the next year of the programme so long as they pass this course, but they will not be able to complete the final degree project without acquiring the required competence levels for the degree programme.

Bibliography

Cooter, Robert. Law and Economics. Editorial Pearson. ISBN 0-321-20471-9
Posner, Richard A. El análisis económico del derecho. ISBN 968-15-5133-2
Mochón, F. Principios de economía. McGraw Hill. ISBN 84-481-4656-5
Blanchard, Olivier. Macroeconomía. Pearson Educación. Madrid 2004. ISBN 9788490354018

Timetable and sections

Group Teacher Department
Juan Pedro Aznar Alarcón Economía, Finanzas y Contabilidad

Timetable

From 2015/2/6 to 2015/5/8:
Each Friday from 11:00 to 12:30.
Each Friday from 9:00 to 10:30.

Friday 2015/6/5 from 10:00 to 13:00.