Firms, Economics and the Global Environment (CI65000)
General information
Type: |
OB |
Curs: |
1 |
Period: |
S semester |
ECTS Credits: |
2 ECTS |
Teaching Staff:
| Group |
Teacher |
Department |
Language |
| Sec: A |
David Vegara Figueras |
Economía, Finanzas y Contabilidad |
ENG |
| Group |
Teacher |
Department |
Language |
| Sec: B |
David Vegara Figueras |
Economía, Finanzas y Contabilidad |
ENG |
Prerequisites
This course is restricted to MIM Students.
Previous Knowledge
An Introductory macroeconomics and microeconomics course is helpful but the course does not assume any previous knowledge.
Course Learning Objectives
The aim of this intense 1-week course is for students to acquire the basic tools to be able to understand and approach the context where firms operate and the main external challenges they face. With this objective in mind, the first two sessions concentrate on macroeconomics (or country apporach) analysis, where students familiarize themselves with the main macroeconomic concepts and policies (fiscal, monetary, exchange rate...). The last two sessions concentrate on the microeconomic analysis of the firm: why firms exist, contracts and institutions, regulation and market structure (competition, oligopolies, barriers to entry...) and pricing techniques.
CONTENT
1. Macroeconomics and macroeconomic policies 1. Income and balance sheet of a country
2. GDP, inflation and unemployment
3. GDP composition, aggregate supply and demand
4. Balance of payments and exchange rate
5. Money
6. Exchange rate and exchange rate policy
7. Money, banks and monetary policy
8. (A short note on quantitative easing, QE)
9. Fiscal policy and structural reforms |
2. Consumers, firms and markets 1.Markets, supply and demand
2.Demand relationships. Elasticities
3. Firms, production and costs
4.Output decisions, pricing and market structure
5.Market power and regulation
6.Pricing techniques
7.The role of information |
Methodology
The course is taught through theoretical classes, complemented with practical examples.
Assessment criteria
Final course exam.
A minimum grade of 50% is required to pass the course.
Bibliography
Reading material (optional and compulsory) and course slides will be provided in advance.
Some useful references include:
-Blanchard, O. et al. (2010) "Macroeconomics, A European perspective?, Ed. Prentice Hall.
-McGuigan et al. (2011) "Economics for managers?, Ed. Cengage learning.
-Pindyck, R. And Rubinfeld, D. (2013) "Microeconomics" Ed. Pearson.
Timetable and sections
| Group |
Teacher |
Department |
| Sec: A |
David Vegara Figueras |
Economía, Finanzas y Contabilidad |
Timetable Sec: A
From 2018/9/25 to 2018/10/3:
Each Wednesday from 12:15 to 14:00. (Except: 2018/9/26)
From Tuesday to Friday from 8:45 to 12:30. (Except: 2018/10/2 and 2018/10/3)
| Group |
Teacher |
Department |
| Sec: B |
David Vegara Figueras |
Economía, Finanzas y Contabilidad |
Timetable Sec: B
From 2018/9/25 to 2018/10/3:
From Tuesday to Friday from 14:00 to 17:45. (Except: 2018/10/2 and 2018/10/3)
Each Wednesday from 12:15 to 14:00. (Except: 2018/9/26)
