Core Competences
Possess and understand knowledge that provides a basis or opportunity to be original in the development and/or application of ideas, often in a research context.
Students know how to apply their acquired knowledge and problem-solving skills in new or unfamiliar settings within broader (or multidisciplinary) contexts related to their field of study.
Students are able to integrate knowledge and face the complexity of making judgments based on incomplete or limited information that includes reflections on the social and ethical responsibilities linked to the application of their knowledge and judgments.
Students know how to communicate their conclusions and the knowledge and the reasons behind them to both specialised and non-specialised audiences in a clear and unambiguous way.
Students possess the learning skills that will enable them to continue studying in a way that will be largely self-directed or autonomous.
General Competences
To understand the main economic analytical tools.
To evaluate and compare the different contributions to important debates in social economics from an analytical, methodological and empirical point of view.
To evaluate the internal logic of a scientific publication by examining the consistency between theory, analytical strategy, indicators, results and conclusions.
To understand and know how to synthesize the main theories into one or more contemporary debates in the social sciences.
Specific Competences
Apply formal models in the study of strategic decisions, negotiation and delegation processes and collective action phenomena.
Apply models from Economic Science to decentralized decision-making in market economies.
Apply models from Economic Science in the decision making of families and companies.
Learning outcomes
1. Ability to use economic analysis both in terms of decision making by individual agents, as well as the adjustment of prices and balance of markets and the effect of decisions on consumption, production, investment in the aggregate of the economy.
2. Understanding the fundamental tools used in economics to study the evolution of economies and living standards in the long term.
3. Ability to apply partial or general equilibrium models to contemporary problems and debates. Especially, to have the ability to evaluate counterfactual exercises using partial or general equilibrium models, as well as to evaluate the effects of aggregate shocks on the evolution of the economy.
4. Ability to understand the formation, functioning and integration of markets, as well as their imperfections (asymmetric information, externalities, uncertainty).