Competencies and objectives

Provisional information. Pending approval by the School/Faculty Board.

 

Course context for academic year 2025-26

This course is the second in the sequence of Macroeconomics subjects in the Bachelor's Degree in Business Administration and Management, following the course Introduction to Macroeconomics, which is taught in the second semester of the first year.

It is part of the subject area of Economic Analysis.

The objective of this course is to provide students with the basic theoretical and empirical knowledge necessary to understand and analyze the main aggregate economic issues in both the long run (economic growth) and the short run (economic fluctuations), using simple models. The course begins with the study of the main determinants of income levels and an analysis of international differences in per capita income and productive capacity in the long run. It then addresses the issue of fluctuations in key macroeconomic variables around their long-run levels. In this context, the course examines the dynamics of inflation, interest rates, and unemployment, and explains the economic policy instruments that can be used to stabilize the economy.

 

 

Course competencies (verified by ANECA in official undergraduate and Master’s degrees) for academic year 2025-26

General Competences (CG)

  • CG3 : Capacity for self-learning.
  • CG8 : Analyse problems using critical reasoning, without prejudices, precisely and rigorously.
  • CG9 : Capacity to synthesise.

 

General Competences acquired at University of Alicante (CGUA)

  • CGUA3 : Capacity for oral and written communication.

 

Specific Competences (CE)

  • CE4 : Issue consultancy reports on specific business and market situations.
  • CE6 : Understand economic institutions as the result and application of theoretical or formal representations of how the economy works.

 

 

 

Learning outcomes (Training objectives)

No data

 

 

Specific objectives stated by the academic staff for academic year 2025-26

To understand what is possibly Keynes’s main message in his General Theory: the existing links between the different markets that make up an economy and which determine the behavior and evolution of macroeconomic variables. To understand the impact of government policies on macroeconomic variables in both the short and medium term. To be able to grasp some of the microeconomic foundations underlying macroeconomic variables.

Specific objectives set by the teaching staff for the 2025–26 academic year

To understand the main determinants of international differences in per capita income levels and long-term economic growth.

To understand the main determinants of short-term economic fluctuations and the adjustment processes toward the long-run equilibrium levels of key macroeconomic variables.

To be able to explain the events that triggered the recent international financial crisis and the global Great Recession using the short-run model.

To understand how policymakers (governments, central banks) influence the economy.

 

 

General

Code: 22017
Lecturer responsible:
Payá Sastre, Iván
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