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INTRODUCTION TO ECONOMICS
Subject code: 16254004 Print
Identification data
Year: 2026-27
Subject
INTRODUCTION TO ECONOMICS
Code
16254004
Course
Bachelor's Degree in Business Administration and Management (2024)
Level
Undergraduate
Subject matter
Economy
Scope
CEADEM - Economic sciences, business administration and management, marketing, commerce, accounting and tourism
Credits
Type
Academic year
6.0
CORE
1rt curs
Period
First semester
General description
The course provides fundamental knowledge of economic theory, particularly behaviour analysis of markets and economic agents
Modality of instruction
Face-to-face
Required subjects
Recommended subjects
Co-requisite
16254008 - MATHEMATICS I
Post-requisite
16254005 - MACROECONOMICS
16254103 - MICROECONOMICS
Coordinator
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Instructor(s)
Schedules, classrooms and language of instruction for group
Schedules, classrooms and language of instruction for group

Specific learning outcomes of the degree

  • K1  - Describe the basic operating principles of the economy at the micro- and macroeconomic level for business management.
    • K1.1 - Describe the basic concepts of microeconomics and macroeconomics.

Transversal learning outcomes of the degree

BASIC CONCEPTS

1. Introduction

Definition of economy
Model development
The perfect competition Model

ANALYSIS OF THE COMPETITIVE MARKET FOR GOODS AND SERVICES

2. Demand

Demand Movements
Market demand
Elasticity

3. Supply

Supply Movements
Market supply
Elasticity

4. Market equilibrium

Equilibrium and market forces
Comparative statics

5. The efficiency of competitive markets

Consumer surplus and producer surplus
Market efficiency

6. State intervention

Maximum and minimum prices
Tax and subsidies on the quantities

DECISION MAKING BY CONSUMERS AND FIRMS IN A COMPETITIVE MARKET

7.  Demand fundamentals

Budgetary restriction
Consumer Preferences
Consumer's Choice
Demand function

8. Supply fundamentals in a competitive environment

Profit maximization
Supply function

FACTOR MARKETS

9. Factor market

The economy’s factors of production

Labor market:

Marginal productivity and factor demand

The supply of labor

Market equilibrium

Other elements that affect the labor market

MARKET FAILURES

10. Market failures

Externalities

Public goods

Information problems


The data displayed in the table is orientative, taking into consideration the heterogeneity of students

Other observations:

1st sitting (continuous evaluation)

Regardless of the grade obtained in the partial assessments (“objective short-answer tests” and the “assessment task based on the seminars”), a necessary condition for passing the course is to obtain at least 40% of the exam score.

  • If this 40% threshold of the exam score is not reached, the final grade for the course in the first examination session will be the grade obtained in that exam.
  • If at least 40% of the exam score is obtained, the final grade for the course will be the weighted average of all assessment components.


  • USE OF ARTIFICIAL INTELLIGENCE TOOLS AND VERIFICATION TESTS

    The use of artificial intelligence tools must strictly adhere to the instructions of the teaching staff and, in any case, must be declared. Unauthorized, excessive, or undeclared use in the completion of assessment activities is contrary to the principles of academic integrity and results in a failing grade for the activity, without prejudice to the application of other disciplinary measures in accordance with the Academic Regulations for Bachelor’s and Master’s Degrees and the URV Student Disciplinary Regulations.

    The teaching staff may, at any time, establish additional mechanisms to verify authorship and to require the defense or oral explanation of the submitted activities and/or assessment tests.

Second call:

It will consist of taking an exam, which will be worth 100% of the final grade.

This exam will be based on the resolution of content questions, short questions and/or exercises.

Basic bibliography

  • ( Book ) Blanco JM i Blanco C , Economía, 2026  Pending incorporation into the Search Engine   Not available at the URV 
  • ( Book ) Mankiw, N. Gregory / Taylor, Mark P., 1958- autor / Rabasco, Esther, traductor / Moreno, Gloria, 1963- editor literari, Mankiw, N. Gregory, Economics. Castellà
    Economia     , 2017 Access to the CRAI
  • ( Book ) Samuelson, Paul A. (Paul Anthony) / Rodríguez González, Luz Orieta / Santos Candia, Edwin Abán / Blanco Huitrón, Carlos José / Ramírez Cedillo, Eduardo, autor / López Herrera, Francisco, autor / Armenta Fraire, Leticia, autor / Nordhaus, William D., autor, Samuelson, Paul A. 1915-2009, Economics. Castellà
    Economía con aplicaciones    , 2019 Access to the CRAI

Complementary bibliography

USE OF ARTIFICIAL INTELLIGENCE TOOLS AND VERIFICATION TESTS

The use of artificial intelligence tools must strictly adhere to the instructions of the teaching staff and, in any case, must be declared. Unauthorized, excessive, or undeclared use in the completion of assessment activities is contrary to the principles of academic integrity and results in a failing grade for the activity, without prejudice to the application of other disciplinary measures in accordance with the Academic Regulations for Bachelor’s and Master’s Degrees and the URV Student Disciplinary Regulations.

The teaching staff may, at any time, establish additional mechanisms to verify authorship and to require the defense or oral explanation of the submitted activities and/or assessment tests.