This subject is not taught in English this academic year.

The subject covers the basic concepts and competencies needed to understand the complex current economic reality and to analyze government economic policies in a guided manner. In order to position students with criteria in the context of today's market economies the principles, advantages and disadvantages are analyzed. Likewise, the four fundamental macroeconomic problems are identified and studied: unemployment, inflation, economic crises, and external balance in order to define the role of the public sector in the economy.

Furthermore, students are introduced to the knowledge of the company as an economic unit of production and distribution, and as an organizational system. The subject is related to applied statistics and biostatistics when, after data collection, analysis through statistical models is required.

Given the breadth of knowledge that can be covered within this discipline, and taking into account the temporal allocation granted by the Curriculum, a selection of topics is made taking into account the profile of the students, the academic year in which the subject is taught, and the competencies of the degree program.

This subject is taught in Basque and Spanish.

SPECIFIC COMPETENCES OF THE SUBJECT

1. Compare the underlying values, objectives, agents and institutions present in different economic systems, with special attention to the market economy, and critically think about them.

2. Properly delimit the objectives of public sector intervention in the economy and be able to analyze and understand indicators in this regard.

3. Clearly identify the main macroeconomic problems and imbalances, explore their origins, and propose economic policies for their solution.



LEARNING OUTCOMES ARE:

1. Analyze statistical sources by interpreting categories and applying them to the study of national accounting, the balance of payments, and the labor market.

2. Use statistical sources to calculate rates and indicators applied to the study of the economic reality and the sources of financing the companies.

3. Interpret rates and indicators regarding the economic reality and the sources of financing the companies, discovering the relationships between them.

4. Use the hypotheses, rudimentary concepts, and logic of the most common theories to interpret the fundamental economic problems.

5. Correctly structure the stages necessary for solving a problem.

6. Refer to the indicated sources of information and collect the correct data.

7. Synthesize the collected information clearly and coherently.

8. Correctly solve a problem by presenting clear and well-argued conclusions.

9. Be persuasive through written communication, demonstrating a personal style in the organization and expression of contents of long and complex writings.

10. Achieve persuasion and adherence from audiences, adapting the message and the means used to the characteristics of the audience's situation.



CROSS-CUTTING COMPETENCE OF THE DEGREE. BIOTECHNOLOGY

G001. Obtain adequate capacity for critical analysis, synthesis, and reasoning in the application of the scientific method.

G002. Develop continuous autonomous learning by fostering initiative and adaptation to new situations.

G004. Ability to collaborate and work in multidisciplinary, multicultural teams in an international context, respecting gender equality.



CROSS-CUTTING COMPETENCE OF THE DEGREE. CHEMICAL ENGINEERING

G011. Versatility to adapt to new situations and to solve problems, with initiative, creativity, critical reasoning, and ethical commitment, and fostering a culture of peace.

G012. Communicate and transmit knowledge, results, skills, and abilities in a multidisciplinary environment.

G013. Organize, plan, and lead work groups recognizing diversity, multiculturalism, equality rights and non-discrimination.



GENERAL COMPETENCE OF THE DEGREE. BIOTECHNOLOGY

G007. Develop ethical commitment, motivation for quality, and the ability to participate in social debate, showing sensitivity to environmental and social issues.

G008. Develop organizational, planning, and leadership skills in decision-making.

G019. Know the usual procedures used by scientists to generate, transmit, and disseminate scientific information, knowing how to evaluate it and express oneself in scientifically precise terms using the specific terminology of the area.



GENERAL COMPETENCE OF THE DEGREE. CHEMICAL ENGINEERING

G016. Capacity for organization and planning in the field of the company and other institutions and organizations.

This subject is taught in Basque and Spanish.

Topic 1. INTRODUCTION. Economics and Business

Topic 2. THE MARKET AND ITS LIMITS. Supply and demand mechanisms. Perfect and imperfect competition. Market limits

Topic 3. MACROECONOMIC ANALYSIS. Aggregates and basic indicators of economic activity.

Topic 4. ECONOMIC THOUGHT AND ECONOMIC POLICY. Main approaches of economic thought. Objectives and instruments of economic policy. Monetary policy and fiscal policy.

Topic 5. THE LABOR MARKET, ITS IMBALANCES, AND CORRECTIVE POLICIES. Labor market functioning. Theories about unemployment. Employment policies.

Topic 6. Business objectives. The management process and subsystems of human resources management, marketing, production, and financing.

This subject is taught in Basque and Spanish.

Lessons will follow a theoretical-practical methodology, combining lectures with practical training activities, adapting to possible group splits and the work pace. During these sessions, students will work in groups and individually on the content delivered in the classroom (or viewed in the classroom, in the case of audiovisual materials). Additionally, there will be time for debates and presentations on topics of interest or current events.

• Continuous Assessment System
• Final Assessment System
• Tools and qualification percentages:
  • Realization of Practical Work (exercises, cases or problems) (%): 70
  • Exhibition of works, readings ... (%): 30

This subject is taught in Basque and Spanish.

Written exam. 60% of the final mark.

Completion and presentation of practical tasks (exercises, cases). 40% of the final mark.

Passing the subject requires passing both the written exam and the practical tasks.

This subject is taught in Basque and Spanish.

Assessment is based on a written exam (100%).

This subject is taught in Basque and Spanish.
Torres López, J., Economía Política, Ed. Pirámide, Madrid, 2005
Soriano, B., Pinto, C., Finanzas para no financieros, 3ª ed., Fundación ConfeMetal Editorial, 2008

Perez Goróstegui, E., Introducción a la economía de la empresa, Centro de Estudios Ramón Areces, 2006

Basic bibliography

Buesa, M. y J. Molero (1998): ¿Economía industrial de España; organización, tecnología e internacionalización¿. Editorial Cívitas. Madrid.

Mochón F.; B. García-Alarcón y A. Mochón (1997): ¿Principios de Economía: Libro de Problemas¿. Ed. Mc-Graw Hill.

Mochón, F. (2006): ¿Principios de Economía¿. Editorial McGraw-Hill. 3ª edición. Madrid.

Soriano, B., Pinto, C., (2008): ¿Finanzas para no financieros¿, 3ª ed., Fundación ConfeMetal Editorial.

Monllor, J. (Coordinador), Antonio Carrasco Hernández, Jose I. Grás Castaño, Daniel Jiménez Jiménez y Pedro Soto Acosta (2006): ¿Administración de Empresas I¿. Editorial Diego Marín. Serie Tresmiles, año 2006.

In-depth bibliography

Perez Goróstegui, E. (2006) ¿Introducción a la economía de la empresa¿, Centro de Estudios Ramón Areces.
Bueno Campos, E. (1996): ¿Organización de Empresas. Estructura, Procesos y Modelos¿. Ed. Pirámide, S.A., Madrid.
Porter, M.E. (1980): versión española: ¿Estrategia Competitiva¿. CECSA, México, 1982.
García S. (1997): ¿La Dirección por Valores¿. Ed. McGraw-Hill. Madrid.
Perez-Fdez de Velasco, JA: (1999): ¿Gestión de la calidad orientada a los procesos¿. ESIC.
Dolan S. (1999): ¿La gestión de los recursos humanos¿. Ed.McGraw-Hill. Madrid.
Lipsey, R.G. (1999): ¿Introducción a la economía positiva¿. Editorial Vicens Vives. 13ª edición. Barcelona.
Mochón, F. (2005): ¿Economía, teoría y política¿. Editorial McGraw-Hill. 5ª edición. Madrid.

Journals

Expansión.
Cinco Dias

Web addresses

www.elpais.es