ECTS credits ECTS credits: 6
ECTS Hours Rules/Memories Student's work ECTS: 99 Hours of tutorials: 3 Expository Class: 24 Interactive Classroom: 24 Total: 150
Use languages Spanish, Galician
Type: Ordinary Degree Subject RD 1393/2007 - 822/2021
Departments: Foundations of Economic Analysis
Areas: Foundations of Economic Analysis
Center Faculty of Economics and Business Studies
Call: First Semester
Teaching: With teaching
Enrolment: Enrollable | 1st year (Yes)
The purpose of the course is to introduce the student to the concepts and methods of economic analysis. The student will learn to apply economic reasoning to the analysis of resource allocation problems at the level of individual economic agents, markets and the economy as a whole. In line with its general purpose, the course pursues the following objectives. First, that the student acquires a broad perspective of the different issues that economics addresses. Second, that the student learns the basic concepts, models and results of the different areas of economics. Finally, that the student becomes familiar with the tools and methods of economic analysis and with their application to the analysis of consumer and firm behaviour and to the study of market economies through the use of simple models.
Thinking and working like an economist
How the market works: supply and demand.
The result of the market: efficiency.
Economic variables and their measurement.
Production and resource allocation
Money and prices.
Basic Bibiography:
Mankiw, N. G. (2015), Principios de Economía. 7a. edición, Cengage Learning
Complementary Bibliography:
Fernández Díaz A., D., Fischer, S. y Dornbusch, R. (2006), Economía, 8a. edición, McGraw-Hill.
Graue, Ana. (2009). Fundamentos de Economía. Pearson.
Krugman, P., Wells, R. y Olney, M. (2015), Fundamentos de Economía. 3ª edición, Ed. Reverté.
Lipsey, Richard y Chrystal, Alec. (1999), Introducción a la Economía Positiva. 13a. edición, McGraw-Hill.
Mochón, Francisco y Castejón Rafael. (2005), Economía, Teoría y Política. 5a. edición, McGraw-Hill
Phelps, Edmund S. (1993). Economía política : un texto introductorio, Antoni Bosch, Barcelona
Samuelson, Paul y Nordhaus, William. (2010), Economía. 19a. edición, McGraw-Hill
Stiglitz, Joseph. y Walsh, Carl. (2009), Microeconomía. Barcelona, 4ª edición. Editorial. Ariel
Stiglitz, Joseph y Walsh, Carl. (2004), Macroeconomía. Barcelona, 3ª edición. Editorial. Ariel
Tugores J. y otros (1993) Introducción a la Economía. Problemas y Cuestiones. 2ª edición. Vincens Vives.
Zabaleta,A. y Castejón, R. (2009). Introducción a la Economía. 2ª edición. Prentice-Hall.
DEGREE COMPETENCES TO WHICH THE SUBJECT CONTRIBUTES:
• Possess the basic analytical knowledge to study economics and acquire the learning skills necessary to continue studying.
• Know and understand analytically at a basic level the concept of scarcity and the allocation of resources, the price system, as well as the role that both markets and governments play in the economy.
• Identify and anticipate relevant economic problems in relation to the allocation of resources in general, both in the private and in the public spheres.
• Know how to communicate information, ideas, problems and proposed solutions to economic issues to both a specialized and non-specialized audience, using both verbal and written language and the means and techniques of representing relationships and presenting data that are used in economics.
• Ability to analyse and describe any aspect of economic reality.
• Capacity for analysis and synthesis.
• Intellectual stimulation.
SPECIFIC COMPETENCES OF THE SUBJECT:
• Familiarity with the economic method.
• Knowledge of the basic concepts of economic analysis: rationality, markets and government.
• Application of economic analysis to current problems.
• Ability to identify the fundamental principles of economic analysis that characterize real economic problems.
• Ability to reduce real economic problems to simplified representations (models) based on the basic concepts of economic analysis.
• Use of basic tools for the analysis of formal models: Use of mathematics, logical reasoning and graphic representation in the analysis of economic problems.
• Understanding of theories of consumption and production, competitive equilibrium, non-competitive markets, economic efficiency and welfare theory.
• Definition and measurement of economic variables such as production, employment and inflation.
Classroom work combines theoretical presentations with interactive classes for solving exercises, analyzing cases, and analyzing and discussing problems.
The individual student work is aimed at preparing the work in the classroom and consolidating and expanding their knowledge. Through the resolution of exercises, the elaboration and discussion of cases and the discussion and analysis of problems, the student reaffirms their knowledge and develops their analysis and oral expression skills.
The detailed teaching guide of the course (which describes in detail the evaluation system, the teaching guides for each subject, the exercise bulletins, support material, complementary activities...) will be provided through the virtual classroom of the course.
The assesment system will take into account all the activities that must be carried out throughout the quarter considering different aspects of the acquisition of the competences to which the subject contributes as well as other aspects such as clarity and expository capacity, creativity and initiative for the active participation. The student will be evaluated throughout the course and at the end of it a final exam will be applied.
Continuous evaluation throughout the course will be carried out mainly during the small group interactive classes and will contemplate different means and forms of evaluation: questions and exercises, resolution of test-type and short-answer questionnaires. The tests will be both partial and cumulative and may include both tests that must be done without any external help and tests that can be done using books and class notes.
The notes obtained in continuous evaluation will represent at least 30% of the final note and, if the the teache consider it appropriate, it will be feasible to pass the subject with the marks of the continuous evaluation.
On the other hand, the final exam will represent a maximum of 70% of the course grade for students who fail continuous assessment and for students who do not take continuous assessment (in the latter case, continuous assessment will count as zero for the weighting of the final grade for the course).
Students who are granted a class attendance waiver, following Instruction No. 1/2017 of the General Secretariat on the waiver of class attendance in certain circumstances, will be evaluated with a specific final exam that will mean 100% of the grade of the course.
For cases of fraudulent conduct when resolving exercises or tests, what is included in the "Normativa de avaliación do rendemento académico dos estudantes e de revisión de cualificacións" shall apply.
In addition to the 50 hours of classroom work, the student must dedicate 100 hours of personal work, which includes autonomous study (individual or in group), readings, exercises and work, case analysis, and preparation of oral presentations.
Required knowledge and skills: algebra and calculus at College level. Skills in deductive and inductive reasoning.
The detailed teaching guide of the course (in which the evaluation system is described in detail), the teaching guides for each topic, the exercise bulletins and the rest of the support material will be provided through the virtual classroom of the course.
In the final grade of the course, only those students who do not appear in any of the evaluable academic activities in accordance with the provisions of the teaching guide will be considered as "not presented". The “not presented” and everything related to the exhaustion of calls is governed by the provisions of DOG Number 136 of July 17, 2012.
For cases of fraudulent conduct when resolving exercises or tests, what is established in the "Normativa de avaliación do rendemento académico dos estudantes e de revisión de cualificacións" shall apply.
Fernando Del Rio Iglesias
- Department
- Foundations of Economic Analysis
- Area
- Foundations of Economic Analysis
- fernando.delrio [at] usc.es
- Category
- Professor: University Lecturer
| Monday | |||
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| 11:00-12:30 | Grupo /CLE_01 | Spanish | Classroom 29 |
| Tuesday | |||
| 11:30-13:30 | Grupo /CLE_01 | Spanish | Classroom 29 |
| 17:00-19:00 | Grupo /CLE_03 | Spanish | Classroom 29 |
| Wednesday | |||
| 09:30-11:30 | Grupo /CLE_02 | Spanish | Classroom 30 |
| Thursday | |||
| 11:00-12:30 | Grupo /CLE_02 | Spanish | Classroom 30 |
| 17:00-18:30 | Grupo /CLE_03 | Spanish | Classroom 29 |
| 01.10.2025 09:00-12:00 | Grupo /CLIS_3 | Classroom A |
| 01.10.2025 09:00-12:00 | Grupo /CLE_01 | Classroom A |
| 01.10.2025 09:00-12:00 | Grupo /CLIS_6 | Classroom A |
| 01.10.2025 09:00-12:00 | Grupo /CLIS_1 | Classroom A |
| 01.10.2025 09:00-12:00 | Grupo /CLIS_4 | Classroom A |
| 01.10.2025 09:00-12:00 | Grupo /CLE_02 | Classroom A |
| 01.10.2025 09:00-12:00 | Grupo /CLIS_2 | Classroom A |
| 01.10.2025 09:00-12:00 | Grupo /CLIS_5 | Classroom A |
| 01.10.2025 09:00-12:00 | Grupo /CLE_03 | Classroom A |
| 01.10.2025 09:00-12:00 | Grupo /CLIS_4 | Classroom B |
| 01.10.2025 09:00-12:00 | Grupo /CLE_02 | Classroom B |
| 01.10.2025 09:00-12:00 | Grupo /CLIS_2 | Classroom B |
| 01.10.2025 09:00-12:00 | Grupo /CLIS_5 | Classroom B |
| 01.10.2025 09:00-12:00 | Grupo /CLE_01 | Classroom B |
| 01.10.2025 09:00-12:00 | Grupo /CLE_03 | Classroom B |
| 01.10.2025 09:00-12:00 | Grupo /CLIS_3 | Classroom B |
| 01.10.2025 09:00-12:00 | Grupo /CLIS_6 | Classroom B |
| 01.10.2025 09:00-12:00 | Grupo /CLIS_1 | Classroom B |
| 06.23.2025 09:00-12:00 | Grupo /CLIS_5 | Classroom A |
| 06.23.2025 09:00-12:00 | Grupo /CLE_03 | Classroom A |
| 06.23.2025 09:00-12:00 | Grupo /CLIS_3 | Classroom A |
| 06.23.2025 09:00-12:00 | Grupo /CLIS_6 | Classroom A |
| 06.23.2025 09:00-12:00 | Grupo /CLIS_1 | Classroom A |
| 06.23.2025 09:00-12:00 | Grupo /CLIS_4 | Classroom A |
| 06.23.2025 09:00-12:00 | Grupo /CLE_01 | Classroom A |
| 06.23.2025 09:00-12:00 | Grupo /CLE_02 | Classroom A |
| 06.23.2025 09:00-12:00 | Grupo /CLIS_2 | Classroom A |
| 06.23.2025 09:00-12:00 | Grupo /CLIS_3 | Classroom B |
| 06.23.2025 09:00-12:00 | Grupo /CLE_01 | Classroom B |
| 06.23.2025 09:00-12:00 | Grupo /CLIS_6 | Classroom B |
| 06.23.2025 09:00-12:00 | Grupo /CLIS_1 | Classroom B |
| 06.23.2025 09:00-12:00 | Grupo /CLIS_4 | Classroom B |
| 06.23.2025 09:00-12:00 | Grupo /CLE_02 | Classroom B |
| 06.23.2025 09:00-12:00 | Grupo /CLIS_2 | Classroom B |
| 06.23.2025 09:00-12:00 | Grupo /CLIS_5 | Classroom B |
| 06.23.2025 09:00-12:00 | Grupo /CLE_03 | Classroom B |