Competencies and objectives

 

Course context for academic year 2023-24

History of Economic Analysis aims to provide a complementary perspective to other courses that are part of the Bachelor of Economics curriculum. Consequently, the student can grasp unexplored aspects of economic science and economic reality, which, however, are at the core of the educational requirements of the economics profession. The first is an introduction to the ideas of economists and schools of economics from the dawn of economic science to the present day. Apparently, studying obsolete theories and defunct schools or economists is useless. However, if appropriately updated, the ideas of past economists continue to exert a notable influence on contemporary economic science. This is the case of the renewed interest in J. Schumpeter's theories of innovation or the brilliant revival of the ideas of John Maynard Keynes and Friedrich Hayek - and to some extent, K. Marx - in the wake of the economic crisis to give a few well-known examples. Secondly, this subject brings an arrangement of the knowledge acquired in the theoretical and, in some cases, applied subjects taught in this degree. That is to say, the significance and meaning of microeconomics, macroeconomics, econometrics or applied disciplines, their historical genesis and contextualization, and their evolution to the present. Similarly, new theoretical tools On the other hand, the time-based nature of the subject allows questions such as the existence of analytical progress in economic science, whether this is linear or occurs abruptly as a result of the replacement of one school or paradigm by another; whether economic theories are universally valid -or not- in space -either in different geographical, cultural or institutional environments- or in time; or the role played by ideology. Fourth, the history of economic analysis is an intellectual ground for connecting economic science with other fields of knowledge within the social sciences in accordance with the new trends that point towards an interdisciplinary approach to explaining economic-social phenomena. And finally, this discipline is probably one of the few subjects that mention alternative views to neoclassical economics, the current orthodoxy. For all these reasons, the subject History of Economic Analysis gives students interested in economic science a critical standpoint in their academic training as economists.

 

 

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.
  • CG8 : Analyse problems using critical reasoning, without prejudices, precisely and rigorously.

 

Specific Competences (CE)

  • CE9 : Understand economic institutions as the result and application of theoretical or formal representations of how the economy works.

 

 

 

Learning outcomes (Training objectives)

Capacity for independent learning: write an essay, from an historical perspective, on the origin, development and current situation of one aspect of current economic theory.

To analyse problems using rational criteria, ignoring pre-conceived ideas and applying precision and rigour:  to participate in debates on a range of pre-analytical views and theoretical approximations concerning the most controversial aspects of economic analysis.

To understand economic institutions as the result and application of theoretic or formal representations of how the economy operates: to approach a range of views regarding the role of economic institutions through reading and discussion of the original texts of the main economists who have contributed to institutional analysis in the economy.

 

 

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

The main objective of the Bachelor's in Economics is to train professionals who can carry out management, consultancy and evaluation tasks in economic issues in general. These tasks can be carried out in private and public spheres, whether in a company or any other institution of economic and social relevance. Graduates must be familiar with the basic concepts and methodology for analysing the fundamental economic problems that economic agents like individuals, companies or institutions usually face. Therefore, they must know and understand the operation and the consequences of the economic systems, the different alternatives for the allocation of resources, accumulation of wealth and distribution of income, and be able to contribute to their correct operation and improvement. Graduates must be able to identify and anticipate the relevant economic problems in any specific scenario, discuss the alternatives to solve them, select the most appropriate of them and evaluate the results achieved.
The training plan must provide Economics graduates with the appropriate skills for the development of their professional duties, which will always be carried out: a) respecting the fundamental rights and the equality between men and women, b) respecting and promoting Human Rights and the principles of universal accessibility and design for all (according to the tenth final clause of Law 51/2003, of 2 December, on Equal opportunities, non-discrimination and universal accessibility for people with disabilities), c) following the values of a culture of peace and democratic values (R. D. 1393/2007, of 29 October, Chap.I, art. 3).

As for the specific learning goals, the course seeks to
- Develop the capacity for autonomous learning
- Analyse critically the economic issues with critical reasoning, without prejudices, with precision and rigour.
- Promote the ability to debate the different pre-analytical visions and theoretical approaches to the most controversial aspects of economic analysis.
- To understand economic institutions as the result and application of theoretical or formal representations of how the economy works.
- Confronting the different approaches to the role of economic institutions through reading and discussing the original texts of the leading economists who have contributed to institutional analysis in economics.

 

 

General

Code: 35037
Lecturer responsible:
Zabalza Arbizu, Juan Ángel
Credits ECTS: 6,00
Theoretical credits: 1,50
Practical credits: 0,90
Distance-base hours: 3,60

Departments involved

  • Dept: APPLIED ECONOMIC ANALYSIS
    Area: HISTORY AND ECONOMIC INSTITUTIONS
    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