Competencies and objectives

 

Course context for academic year 2023-24

In this course you will learn economic principles. Each topic begins with a historical fact, an observation, an experience or a concern that will help us to derive economic reasoning and models that help to understand and explain them. This strategy requires that models incorporate from the beginning complexities of the real world, in which information is incomplete, people are sometimes motivated by objectives other than pure self-interest, and economic agents behave strategically.

The course focuses primarily on the development of economic reasoning and the acquisition of skills that will allow you to understand and analyze current economic issues. To achieve this goal, we will use various resources, such as data research and analysis, videos, readings, podcasts, discussions, and experiments. These resources will provide you with a comprehensive and enriching perspective.

Our approach is focused on providing you with the necessary tools to understand and analyze economic aspects effectively. At the end of the course, you will be able to approach and solve economic problems in a critical and informed way, applying your knowledge in various real-world situations.

 

 

Course competencies (verified by ANECA in official undergraduate and Master’s degrees) for academic year 2023-24

General Competences (CG)

  • CG3 : Capacity for self-learning.
  • CG5 : Capacity to take decisions by applying acquired knowledge to practical situations.
  • CG8 : Analyse problems using critical reasoning, without prejudices, precisely and rigorously.
  • CG9 : Capacity to synthesise.

 

General Competences acquired at University of Alicante (CGUA)

  • CGUA1 : Read and communicate in a foreign language in a professional environment, especially in English.
  • CGUA3 : Capacity for oral and written communication.

 

Specific Competences (CE)

  • CE1 : Contribute towards the correct management of resource allocation in both the private and public context.
  • CE10 : Capacity to apply the knowledge and skills acquired to solve theoretical and applied economic problems.
  • CE11 : Analytical skills for developing theoretical frameworks that simplify study of the real economy and the capacity to set appropriate levels of abstraction when studying different economic questions.
  • CE12 : Be able to use the appropriate tools for the analysis, diagnosis and solution of economic questions and problems.
  • CE2 : Identify and anticipate relevant economic problems relating to resource allocation in general, in both the private and public context.
  • CE3 : Bring a rational approach to the analysis and description of any aspect of economic reality.
  • CE4 : Evaluate the consequences of different options for action and select the best one according to the objectives set.
  • CE9 : Understand economic institutions as the result and application of theoretical or formal representations of how the economy works.

 

 

 

Learning outcomes (Training objectives)

  • Use analytical reasonings to pose economic problems and resolve them.
  • Comprise the paper of the prices in the economy and the determination of these in the distinct types of markets.
  • Comprise the basic principles of the market through the analysis of the offer and the demand.
  • See the relation between competitive markets and efficiency.
  • Enter the problematic of the open economies in his commercial and financial relations with other countries.

 

 

Specific objectives stated by the academic staff for academic year 2023-24

You will come to appreciate the great power and some of the shortcomings of economic theory in explaining the economic world in which we live.

 

 

General

Code: 35000
Lecturer responsible:
Iturbe-Ormaeche Cortajarena, Íñigo
Credits ECTS: 6,00
Theoretical credits: 1,50
Practical credits: 0,90
Distance-base hours: 3,60

Departments involved

  • Dept: FOUNDATIONS OF ECONOMIC ANALYSIS
    Area: FOUNDATIONS OF ECONOMIC ANALYSIS
    Theoretical credits: 1,5
    Practical credits: 0,9
    This Dept. is responsible for the course.
    This Dept. is responsible for the final mark record.

Study programmes where this course is taught