Identifying Data 2023/24
Subject (*) Economic Policy Code 611G02016
Study programme
Grao en Administración e Dirección de Empresas
Descriptors Cycle Period Year Type Credits
Graduate 2nd four-month period
Second Obligatory 6
Language
Spanish
Galician
English
Teaching method Face-to-face
Prerequisites
Department Economía
Coordinador
Seijas Diaz, Amparo Dolores
E-mail
amparo.seijas@udc.es
Lecturers
Barreiro Gen, María
Iglesias Gomez, Guillermo
Martín Legendre, Juan Ignacio
Seijas Diaz, Amparo Dolores
E-mail
maria.gen@udc.es
guillermo.iglesias@udc.es
juan.ignacio.martin.legendre@udc.es
amparo.seijas@udc.es
Web
General description O principal obxectivo desta materia é familiarizar ao alumno cos aspectos fundamentais dos procesos de toma de decisións das autoridades en materia de política económica. Para iso, preséntanse os conceptos básicos e principios explicativos dos procesos político-econonómicos. En particular estúdanse os principais obxectivos e instrumentos de política económica. O alumno, como consecuencia do desenvolvemento dos aspectos teóricos e prácticos do curso, ten que ser capaz de identificar e interpretar o papel das decisións públicas nos feitos económicos

Study programme competencies
Code Study programme competences
A1 Manage an enterprise or small organization, understanding their competitive and institutional position and identifying their strengths and weaknesses
A2 Integrate in any functional area of micro-firms or SMEs and perform fluently any management task commissioned
A3 Evaluate and foreseeing, from relevant data, the development of a company.
A4 Elaborate advisory reports on specific situations of companies and markets
A5 Write projects about specific functional areas (e.g. management, marketing, financial) of the company
A6 Identify the relevant sources of economic information and to interpret the content.
A7 Understand economic institutions as a result and application of theoretical or formal representations which explain the evolution of the economy.
A8 Derive, based on from basic information, relevant data unrecognizable by non-professionals.
A9 Use frequently the information and communication technology (ICT) throughout their professional activity.
A10 Read and communicate in a professional environment at a basic level in more than one language, particularly in English
A11 To analyze the problems of the firm based on management technical tools and professional criteria
A12 Communicate fluently in their environment and work by teams
B1 CB1-The students must demonstrate knowledge and understanding in a field of study that part of the basis of general secondary education, although it is supported by advanced textbooks, and also includes some aspects that imply knowledge of the forefront of their field of study
B2 CB2 - The students can apply their knowledge to their work or vocation in a professional way and have competences typically demostrated by means of the elaboration and defense of arguments and solving problems within their area of work
B3 CB3- The students have the ability to gather and interpret relevant data (usually within their field of study) to issue evaluations that include reflection on relevant social, scientific or ethical
B4 CB4-Communicate information, ideas, problems and solutions to an audience both skilled and unskilled
B5 CB5-Develop skills needed to undertake further studies learning with a high degree of autonomy
B6 CG1-Perform duties of management, advice and evaluation in business organizations
B7 CG2-Know how to use the concepts and techniques used in the various functional areas of the company and understand the relationships between them and with the overall objectives of the organization
B8 CG3- Know how to make decisions, and, in general, assume leadership roles.
B9 CG4-Learn to identify and anticipate opportunities, allocate resources, organize information, select and motivate people, make decisions under conditions of - uncertainty, achieve the proposed objectives and evaluate results
B10 CG5-Respect the fundamental and equal rights for men and women, promoting respect of human rights and the principles of equal opportunities, non-discrimination and universal accessibility for people with disabilities.
C1 Express correctly, both orally and in writing, in the official languages of the autonomous region
C4 To be trained for the exercise of citizenship open, educated, critical, committed, democratic, capable of analyzing reality and diagnose problems, formulate and implement knowledge-based solutions oriented to the common good
C5 Understand the importance of entrepreneurial culture and know the means and resources available to entrepreneurs
C6 Assess critically the knowledge, technology and information available to solve the problems and take valuable decisions
C7 Assume as professionals and citizens the importance of learning throughout life.
C8 Assess the importance of research, innovation and technological development in the economic and cultural progress of society.

Learning aims
Learning outcomes Study programme competences
To develope intellectual attitudes, such as: creativity, intuition and analytical capacity, of logical and critical reflection B1
B2
B3
B4
B5
B6
B7
B8
B9
B10
C4
C5
C6
C7
C8
To achieve a group of instruments in order to analyse economic facts in changing contexts A6
A8
A9
A10
A11
A12
B1
B2
B3
B4
B5
B6
B7
B8
B9
B10
C1
To understand the utility of the subject in order to analyse potential economic situations affecting bussiness decisions A2
A5
A6
A7
A8
A9
B1
B2
B3
B4
B5
B6
B7
B8
B9
B10
To achieve a group of instruments in order to analyse economic facts in changing contexts A1
A3
A4
A6
B1
B2
B3
B4
B5
B6
B7
B8
B9
B10

Contents
Topic Sub-topic
Lesson I. Theoretical foundations of economic policy: Economic policy and government
1.1. Introduction: Economic policy as a field of analysis
1.2. Economic systems and reasons for the intervention in the economy
1.3. The role of the States in the economy and Public-Sector failures.
1.4. Interdependence between politics and economy
Lesson II. The elaboration process of economic policy 2.1. Introduction
2.2 The scheme goals-tools
2.3. Phases and agents in the elaboration process of economic policy
2.4. Problems and restrictions in the elaboration process of economic policy
Lesson III. The objectives of economic policy (I) 3.1. Introduction
3.2. Full employment
3.3. Price stability
3.4. External equilibrium
Lesson IV. The objectives of economic policy (II) 4.1. Introduction
4.2. Economic growth
4.3. Income distribution
3.4. Quality of life and environment conservation
Lesson V. Cyclical economic policy 5.1. Introduction
5.2. Economic cycle and the cyclical policy
5.3. Monetary policy: foundations and instruments
5.4. Fiscal policy: foundations and instruments
5.5 The mix policy
Lesson VI. Structural Economic Policy 6.1. Introduction.
6.2. Supply-side economic policies.
6.3. Economic policies of structural reform.
6.4. Sectoral economic policies.

Planning
Methodologies / tests Competencies Ordinary class hours Student’s personal work hours Total hours
Guest lecture / keynote speech A2 A3 A7 B1 B10 17 51 68
Workshop A1 A2 A3 A4 A5 A6 A7 A8 A9 A10 A11 A12 B1 B2 B3 B4 B5 B6 B7 B8 B9 C1 C4 C5 C6 C8 21 21 42
Document analysis A2 A3 A7 B1 5 10 15
Workbook A2 A3 A4 A5 B8 B9 C4 C7 3 6 9
Mixed objective/subjective test B1 B2 B3 2 12 14
 
Personalized attention 2 0 2
 
(*)The information in the planning table is for guidance only and does not take into account the heterogeneity of the students.

Methodologies
Methodologies Description
Guest lecture / keynote speech The main aspects of the subject are explained.



Workshop Different activities that require the active participation of students will be carried out. The students’ analysis and reasoning capacity will be valued, deepening in the contents characteristic of the subject. As for the student's specific work, questions of short answer will be posed to value both the learning grade and the synthesis capacity; furthermore, there will be questions of wide answer related with aspects of the subject usually with reference to a text, a graph, a piece of news, etc. and where appropriate, there could also be multiple-choice questions.
Document analysis Different documental resources will be used to contribute to reach the objectives of this subject. They will help both to secure theoretical knowledge and to carry out the workshop activities.
Workbook In each part of the program the professors may provide the students some document(s) that could help them to deepen in the theoretical contents of the subject. This documentation may also be used as support material for the rest of methodologies of more practical nature.
Mixed objective/subjective test At the end of the course there will be a written test that will combine short answer or multiple answer questions with some broad questions. This exam model is intended to assess the knowledge acquired by the student throughout the course, as well as the reasoning capacity, creativity and critical spirit of the student.

Personalized attention
Methodologies
Workshop
Description
To optimize the use of this methodology the individual learning needs of each student will be taken into account.

For those students with part-time dedication recognition an individual plan will be settled down for the continuous evaluation during the first days of the course.



Assessment
Methodologies Competencies Description Qualification
Workshop A1 A2 A3 A4 A5 A6 A7 A8 A9 A10 A11 A12 B1 B2 B3 B4 B5 B6 B7 B8 B9 C1 C4 C5 C6 C8 Activities carried out throughout the course. Within this section, participation in classes and practical activities developed and presented by the student during the course are considered. 40
Mixed objective/subjective test B1 B2 B3 Assessment in a final exam. It consists of taking a written exam where all the content developed during the course is evaluated. 60
 
Assessment comments

First opportunity: It is necessary to obtain a minimum grade of 3.5/10 in the final exam in order to add the grade of the continuous assessment.

Grade of non-attendance: Forthose students who take part in evaluation activities whose value is less than20% of the final grade, independent of the mark they had achieved.

Second opportunity : Date and timetable for the second opportunity is published in the oficialacademic schedule (see Faculty's webpage). It is necessary to obtain a minimum grade of 3.5/10 in the final exam in order to add the grade of the continuous assessment. The exam will consist of two parts:

General part: the 60% of the grade is related to the general contents of the subject.The mark obtained in this part will be added to the continuos assessment markobtained during the term.

Specific part: this part is included in the exam in order to give the opportunity toretake the 100% of the continuous assessment grade (multiple choicequestionnaires and other evaluable activities). This part will consists on someessay questions, exercises and/or case studies. This part is included to assesthe acquisition of the minimun competences that are required to pass thecontinuos assessment during the term. The maximun mark that can be achieved inthis part is 40%.

Important note: For those students who decide to answer the specific part,the lecturers understand that they are resigning to the continuous assessmentmark obtained during the term.

Forwardcall: 100% of the mark in the final exam.

Part-time students and classattendance exemption: With the exception of the datesapproved by the Faculty Assembly (final exams), a specifically-scheduledevaluation will be established at the beginning of the academic year, accordingto their personal commitment.

Final assessmentconditions: Phones, Smart Watches or any other smart /wearable technology will not be allowed into the exams. Check with yourlecturer and confirm which devices are permitted.

Student identification:

In accordance withcurrent rules, students must place their student card on the desk for proctorsto view.


Sources of information
Basic ARIAS, X.C. (1996). La formación de la política económica. Madrid: Civitas.
PAREJO GÁMIR, J. A.; A. CALVO BERNARDINO y J. PAUL GUTIÉRREZ (1995). La política económica de reformas estructurales. Madrid: Centro de Estudios Ramón Areces
CUADRADO ROURA, J. R. (dir.) (2010). Política Económica. Madrid:McGraw-Hill
FERNÁNDEZ DÍAZ, A.; J. A. PAREJO GÁMIR y L. RODRÍGUEZ SÁIZ (2011). Política Económica. Madrid: McGraw-Hill
GÁMIR. L. (coord) (2008). Política Económica de España. Madrid: Alianza Editorial
Aranda, E.;Pérez, S.;Sánchez, A (2018). Política Económica y Entorno Empresarial. Madrid:Pearson
JORDÁN GALDUF, J.M. y A. GARCIA RECHE (coords) (1995). Política Económica. Objetivos, instrumentos, sectores y territorio. Valencia: Tirant lo Blanc
García Reche, A.; Sánchez Andrés, A. (2016). Políticas económicas estruturales y de competitividad. Valencia: Tirant Lo Blanch
MANKIW, N. G. (2004). Principios de economía. Madrid:McGraw-Hill.
PETITBÒ, A. (2000). “La defensa de la competencia en el ámbito del sector servicios”. Información Comercial Española, nº 787, págs. 153-185.

Complementary


Recommendations
Subjects that it is recommended to have taken before

Subjects that are recommended to be taken simultaneously

Subjects that continue the syllabus

Other comments


(*)The teaching guide is the document in which the URV publishes the information about all its courses. It is a public document and cannot be modified. Only in exceptional cases can it be revised by the competent agent or duly revised so that it is in line with current legislation.