Teaching plan for the course unit

 

 

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General information

 

Course unit name: Introduction to Economics

Course unit code: 366704

Academic year: 2025-2026

Coordinator: Manuel Costa Valles

Department: Department of Economics

Credits: 6

Single program: S

 

 

Estimated learning time

Total number of hours 150

 

Face-to-face and/or online activities

60

(With the exception of the GIE group.)

 

-  Lecture with practical component

Face-to-face

 

45

 

-  Problem-solving class

Face-to-face

 

15

Supervised project

40

(With the exception of the GIE group.)

Independent learning

50

 

 

Competences / Learning outcomes to be gained during study

 

   -

Capacity for learning and responsibility (capacity for analysis, synthesis, to adopt global perspectives and to apply knowledge in practice, and capacity to take decisions and adapt to new situations).

   -

Concern for sustainability (capacity to assess the social and environmental impact of actions taken in a particular setting and capacity to adopt integrated and systemic approaches).

   -

Capacity to identify and understand economic institutions and how they work.

   -

Capacity to manage and allocate resources in the private and public sectors.

   -

Capacity to analyse organizations and the environment in which they operate.

   -

Ability to produce critical analyses of economic theories and models.

Learning objectives

 

Referring to knowledge

— Understand the basic principles of economics.

— Learn the first instruments of economic theory to interpret economic reality.


Referred to skills and abilities

— Learn to interpret economic data.

— Analyse the functioning of a market or the economic situation of a country.


Referred to attitudes, values and norms

— Develop a reflective and critical intellectual structure towards socio-economic phenomena.

 

 

Teaching blocks

 

1. Introduction to economics

*  
1.1. Economics as a science
1.2. Microeconomics and macroeconomics
1.3. Basic economic principles
1.4. The frontier of production possibilities
1.5. Circular flow
1.6. Specialization and exchange
1.7. Absolute advantage and comparative advantage
1.8. Positive economy vs. regulatory economy

2. Supply and demand

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2.1. The competitive markets
2.2. Demand. Demand curve
2.3. Supply. Supply curve
2.4. Supply-demand balance
2.5. Excess supply and demand
2.6. Supply and demand curve shifts
2.7. Price mechanism for resource allocation
2.8. Consumer and producer surpluses
2.9. Market efficiency
2.10. Applications of supply and demand: taxes and subsidies
2.11. Price controls: maximum and minimum prices
2.12. International trade and tariffs

3. Company, markets and State

*  
3.1. Market failures and state intervention
3.2. Externalities and public goods
3.3. Production and costs: the short and long term
3.4. Types of market: perfectly competitive markets and imperfectly competitive markets

4. Basic macroeconomic data (I): measurement of a country’s income

*  
4.1. Gross domestic product (GDP)
4.2. The three ways to calculate GDP
4.3. From GDP to personal disposable income
4.4. Real and nominal GDP
4.5. GDP deflator
4.6. GDP and welfare

5. Basic macroeconomic data (II): measurement of the cost of living and the unemployment rate

*  
5.1. Inflation: concept and classes
5.2. Consumer Price Index (CPI)
5.3. GDP and CPI deflator
5.4. Type of unemployment
5.5. The unemployment rate and other indicators of the labour market

6. Analysis of the open economy and macroeconomic objectives

*  
6.1. Balance of payments: concept and structure
6.2. Exchange rate: concept and systems
6.3. Macroeconomic objectives and economic policy

 

 

Teaching methods and general organization

 

Teaching mode: face-to-face.

This subject is taught through three types of activities:

First, attendance at face-to-face classes of two different types:

a) Theory lectures with a practical component. During these sessions, the lecturer describes the key concepts of each topic and explains the theoretical instruments with which to analyse them, combining different types of activities: continuous assessment activities, resolution of numerical problems, discussion of texts related to the content covered in class. Students are expected to prepare the texts in advance. These sessions cover a total of 3 hours per week.

b) Practical sessions, in which the solutions to problem-solving exercises are discussed and doubts are clarified. Students must solve these exercises beforehand and submit them via the Virtual Campus. These sessions cover a total of 5 hours per semester for each subgroup. The schedule for these sessions is described in the subject’s programme.

Secondly, students are required to carry out directed learning activities (outside class hours), which should include reading through the recommended bibliography and completing exercises and assignments set in class.

Thirdly, students must carry out independent learning, including revising class notes, studying the contents of the course, reading complementary texts and preparing for continuous assessment tests and the final examination.

Student work for this subject is divided in roughly equal parts for each type of activity, corresponding to a dedication of 3–4 hours per week for each activity.

The GIE group follows a specific methodology, described in the programme at the beginning of the course.

 

 

Official assessment of learning outcomes

 

The mark awarded for continuous assessment is based on the following activities: a) continuous assessment exercises (CAE); b) continuous assessment tests (CAT) and c) a final examination.

a) Continuous assessment exercises (CAE): students complete several activities throughout the course. Their number and characteristics are decided depending on the group.

b) Continuous assessment tests (CAT): students sit two mid-term tests during the course on a date announced in class. They consist of multiple-choice questions, problems and theory questions.

— Students who achieve an average grade of 5 out of 10 or higher for these CAA, and considering that a minimum of 4 is required in each of them to be eligible for weighting, are considered to have passed the subject and need not sit the final examination.

— Students who achieve an average grade below 5 out of 10 for these two CAA, as well as those who achieve a grade below 4 in any of these two tests, should sit the final examination.

c) Final examination (FE): it is carried out on the date set by the Academic Council. This examination follows the same structure as the single assessment examination.

Repeat assessment for students who do not pass the subject takes place on the date set by the Academic Council and consists of an examination with the same characteristics as the standard single assessment option. Therefore, the marks for continuous assessment activities are not taken into account.

 

Examination-based assessment

Students who do not sit any of the continuous assessment tests are automatically entered for single assessment.

It consists of a single final examination on the date established by the Academic Council, worth 100% of the final grade. This examination contains multiple-choice questions (20% of the examination’s grade), theoretical questions, in which a concept must be explained and/or analysed graphically (40% of the grade), and problem-solving numerical exercises (40% of the grade).

A minimum mark of 3.5 out of 10 in the multiple-choice part is required to be eligible to pass the exam.

Students who do not achieve a pass grade are entitled to repeat assessment on the date set by the Academic Council. This consists of an examination with the same characteristics as the single assessment examination.

 

 

Reading and study resources

Check availability in Cercabib

Book

MANKIW, N. Gregory. ;  TAYLOR, M. P. (2017): Economía. Paraninfo,

Catāleg UB  Enllaç

BERNANKE, Ben. ; FRANK, Robert (2007) 3ª ed : Principios de Economía. McGraw Hill,  

Catāleg UB  Enllaç

MOCHON, Francisco. (2009) 6ª ed : Economía. Teoría y Política. McGraw Hill,

Catāleg UB  Enllaç

HORTALÁ, Joan. ( 2010) : Teoria econòmica: macroeconomia. Ed. Vicens Vives. (cap 1-3)

Catāleg UB  Enllaç

KRUGMAN, Paul ; WELLS Robin, ; GRADDY, Kahtryn. (2015) 3ªed :  Fundamentos de economía, Barcelona: Ed. Reverté.

Catāleg UB  Enllaç

GALLEGO, Juan Ramón. ; ESCRICHE, José. ; BANYULS, Josep. [et al] : (2001) :  Elementos básicos de economía. Un enfoque institucional. Valencia. Tirant lo Blanch

Catāleg UB  Enllaç

MARRON, Donald. (2011) : 50 teorías económicas sugerentes y desafiantes. Blume

 

Catāleg UB  Enllaç

BLANCO SANCHEZ, JM . (2014) 6ª ed. : Economía. teoría y práctica. Madrid: Mc Graw Hill.

Catāleg UB  Enllaç

KRUGMAN, Paul ; WELLS Robin, ; GRADDY, Kahtryn. (2013) :  Fonaments d’economía, Barcelona: Ed. Reverté.

Video, DVD and film

Modern economic issues, editat per Insight Media

Ref: #64AX455

Social Sciences: What is economics?, editat per Insight Media

Ref: #64AX518

Web page

CORE Econ. Economics for a changing world

  Complementary economics teaching project that includes e-books and other online materials (https://www.core-econ.org/ebooks).