The subject "Economics and Business Administration" forms an integral component of the core curriculum across the Mechanical Engineering, Electrical Engineering, and Industrial and Automatic Electronic Engineering degrees.

This subject draws upon a diverse array of perspectives and correlations with disciplines such as macroeconomics, microeconomics, financial accounting, strategy, and business taxonomy. Through this interdisciplinary approach, it equips students with a comprehensive blend of theoretical and practical knowledge crucial for the cultivation of skills essential for their future professional pursuits within corporate environments. The overarching objective is to develop professionals capable of adeptly fulfilling managerial, advisory, and evaluative roles in matters of economics. They are expected to demonstrate proficiency in identifying and proactively addressing significant economic challenges across various contexts, evaluating potential solutions, aligning them with overarching objectives, and appraising resultant outcomes.

Consequently, graduates are anticipated to possess a nuanced comprehension of the mechanics and implications of diverse economic systems as they relate to business operations, as well as the judicious allocation and distribution of resources. In doing so, they play a pivotal role in enhancing the efficacy of these systems.

Students must acquire the appropriate skills to tackle economic and business management problems with clear and solid professional criteria.

- Understand and assimilate what the company is and how it works: how it is organized and how the different functions within it are related (supply management, production, sales, ...).

- Understand the accounting process within the company, being able to obtain and interpret the balance sheet of a company by applying accounting principles.

- Understand the process of calculating and managing costs in a company, being able to establish an objective plan by functional areas and reach the expected result of the company's activity.

- Understand the functioning of markets: agents involved, their conditions and price determination mechanisms.

- Define and understand what the main macroeconomic indicators are, how they act and what they measure, and what macroeconomic policies are and how they act, being able to relate policies and indicators.

- Ability to analyze and interpret what is happening at a business level and at a global economic level.

- Become familiar with reading the economic press.



To this end, they will work in class to achieve adequate and sufficient development in the following competences: - Capacity for organization and planning within corporate environments and other institutions and organizations.

- Proficiency in applying the principles and methodologies of business management.

- Knowledge in fundamental and technological subjects, enabling the acquisition of new methods and theories and fostering adaptability to novel circumstances.

- Ability to function effectively within multilingual and multidisciplinary settings.

- Embrace a responsible demeanor, demonstrating orderliness in work habits and a readiness for ongoing learning, recognizing the continual training requirements as a significant challenge.

- Utilize scientific methodology strategies: Qualitatively and quantitatively analyze problematic situations, formulate hypotheses, and devise solutions utilizing the models inherent to Industrial engineering and its respective specializations.

- Collaborate effectively within teams, integrating decision-making abilities within the realm of Industrial engineering and its corresponding specializations.

AIMS:

1. Comprehend the fundamental concepts of economic theory and assess the impact of economic and social environments on business operations.

2. Evaluate the concept of a corporation, delineating its objectives, significance, defining characteristics, diverse forms, and historical development.

3. Acquire and proficiently employ business terminology.

Topic 1: Principles of innovation

Topic 2: Company concept, functional and organizational structures

Topic 3: Entrepreneur and business creation

Topic 4: Business context in organizations from different sectors

Topic 5: Investments

Topic 6: Economic and financial management

Topic 7: Macroeconomics

Topic 8: Strategic management

The teaching modalities are master classes, classroom practices and computer practices.

During master classes, emphasis is placed on theoretical exploration to establish a foundational understanding of key concepts. Subsequently, students engage in problem-solving exercises and participate in discussions on case studies within Classroom Groups and Seminars, facilitated by computer aids. In addition to elucidating basic and advanced subject matter, master classes involve the resolution of sample problems and the presentation of material through visual aids and written resources.

Within Classroom and Computer Groups, students, both individually and collaboratively under the guidance of instructors, tackle problems that necessitate the application of knowledge acquired in master classes. Moreover, students are tasked with presenting their solutions to classmates during designated sessions.

As a complement to master classes, practical work integrates direct engagement with specialized media sources such as economic and business magazines, television, radio, and the internet. These mediums serve as invaluable resources for comprehending real-world applications of the subject matter. Through active involvement in these practical exercises, students are encouraged to pose pertinent questions and propose solutions to economic and business challenges.

Ultimately, student participation is deemed crucial, as it enhances their grasp of economic and financial terminology and underscores the practical relevance of economic principles. This interactive approach aims to foster a deeper understanding of the subject matter, thereby empowering students to navigate economic and business complexities effectively.

• Final Assessment System
• Tools and qualification percentages:
  • Written test to be taken (%): 70
  • Realization of Practical Work (exercises, cases or problems) (%): 10
  • Team projects (problem solving, project design)) (%): 20

Based on the Regulatory Regulations for the Evaluation of Students in Official Degrees (BOPV, 3-13-2017):

The contribution of each evaluative activity to the final grade breakdown is detailed as follows:

1. Assessment of the written examination: minimum 70% (Compulsory)

2. Evaluation of practical exercises and presentations (including exercises, case studies, problems, or projects): 30%

3. The subject has two main parts: ‘Economics’ part and ‘Business Administration’ part.

To successfully pass both components, a minimum score of 35% is required in each main part of the written test (‘Economics’ and ‘Business Administration’), provided that the cumulative total constitutes at least 50% of the overall subject score. A deficiency in understanding basic concepts will result in a deduction from the score.

CONTINUOUS ASSESSMENT SYSTEM

The deadline for submitting assignments and practical reports will be determined by the teaching staff and communicated to students upon their proposal. These assessments or activities are compulsory, requiring completion and attainment of a minimum grade of 5 out of 10, or a proportionate equivalent grade based on the maximum score set by the instructor, to pass the subject.

In all cases, passing the subject necessitates achieving at least a grade of 5 out of 10, or its proportional equivalent, in the written examination, as per the maximum score established by the instructor.

If the minimum required grade is surpassed in the aforementioned assessments, the subject grade will be determined by the weighted sum of the grades obtained in Practices, Team Work, Presentation of Work, and the Written Exam. Conversely, if any of these grades fall below the minimum requirement, the subject grade will be determined by the weighted sum of the grades that meet or exceed the minimum threshold. However, with regards to Evaluation in the Extraordinary Call, the instructor may choose to retain the positive results attained by students in the assessments throughout the course, if deemed appropriate.

Students have the option to opt out of continuous evaluation by choosing the Final Evaluation system. To exercise this option, students must formally notify the responsible teaching staff in writing within a period of 9 weeks from the commencement of the semester or course, in accordance with the academic calendar of the course center.

FINAL ASSESSMENT SYSTEM

The assessment of learning outcomes encompasses a comprehensive test, comprising an examination and overall evaluation activities of the subject, conducted during the official examination period.

Students retain the option to undergo evaluation via the final evaluation system, irrespective of their participation in the continuous evaluation system.

Non-attendance at the final test will result in a grade of "not presented" being assigned.

Students who do not pass the subject in the ordinary call, regardless of the evaluation system chosen, retain the right to participate in the examinations and assessment activities comprising the final evaluation test during the extraordinary examination session.

Evaluation during the extraordinary examination session will be conducted exclusively through the final evaluation system, wherein students can attain up to 100% of the grade. The instructor may opt to retain positive results obtained by students throughout the course.

In line with Article 12 of the Student Evaluation Regulations for undergraduate degrees, "In cases of continuous evaluation, where the weight of the examination exceeds 40% of the subject's grade, simply appearing for the final test is adequate for the grade to be recorded as 'not presented.'"

During the administration of evaluation tests, if a student is found to have violated regulations through verified means, they will receive a failing grade for the test without exception, with appropriate consequences to follow. If such verification arises during the test, it may be halted immediately for the individual involved.

Notes taken in class and material/articles designated by the teacher as such.

Basic bibliography

1. Alcoy P.; Ayuso, A.; Barrachina, M.; Crespo, C. (2011): "Resolved practical cases of

cost accounting". Edit. Profit.

2. Amat, O.; Soldevilla, P. (2002): "Accounting and cost management." Edit Management 2000.

3. Cepeda, I.; LaCalle,I.; Simon, JR; Romero, D. (2004): "Economics for engineers"

4. Hernando Polo, C. (2017): "Business simulation"

5. Esteban, B. (2008): "Introduction to business for engineers." Edit Auditorium. Madrid.

6. Panera. "Notes on Principles of General and Business Economics." EUITI.

7. Pastor, A. (2007): "Humble science: economics for citizens." Edit Criticism.

8. Solà T.,Vilardell,M (2009):Introduction to general accounting. Edit McGraw-Hill.

9. Tugores, J. (2008): "Economy". Edit Vicens Vives.

10. Ruiz de Arbulo, P., Grafulla, C., Martínez de Alegría, I.: Notes on Economics.

In-depth bibliography

1) Business Supplement. El País.: http://www.elpais.com/suple/negocios/.
2) Economy and companies. El Confidencial: http://www.elconfidencial.com/economia/
3) Cinco Días: http://www.cincodias.com/
4) National Institute of Statistics (INE): http://www.ine.es/ine/ine.htm
5) EUSTAT: http://www.eustat.es/
6) EUROSTAT: http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home/
7) Bank of Spain:http://www.bde.es/webbde/es/

Journals

Annals of economics and business administration
Annals of economics
Annals of economic and business studies
Academy of Management Perspectives

Web addresses

1) Business Supplement. El País.: http://www.elpais.com/suple/negocios/.
2) Economy and companies. El Confidencial: http://www.elconfidencial.com/economia/
3) Cinco Días: http://www.cincodias.com/
4) National Institute of Statistics (INE): http://www.ine.es/ine/ine.htm
5) EUSTAT: http://www.eustat.es/
6) EUROSTAT: http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home/
7) Bank of Spain:http://www.bde.es/webbde/es/