Class Introduction to Economics

The "Basic Concepts of Economics" course aims to provide students with an integrated understanding of the fundamental principles of microeconomics and macroeconomics, developing their ability to interpret key economic phenomena and understand the functioning of markets, firms, and economic policies. Tailored to the Human Resource Management study program, the course highlights the relevance of economic analysis to organizational decision-making, labor market management, and understanding the economic context in which organizations operate. It serves as a foundational course within the curriculum, providing the essential knowledge required for the critical analysis of economic issues and for further study in complementary scientific areas.

Not applicable

1. The Fundamentals of Economics;  2. Basic Elements of Supply and Demand; 3. The Consumer Theory; 4. The Producer Theory, 4.1. Basic Concepts, 4.2. Decreasing Marginal Product, 4.3 Returns to Scale, 4.4. Short Term and Long Term;  5. Costs Function; 6. Markets, 6.1. Perfect Competition, 6.2. Imperfect Competition and the Extreme Case of Monopoly; 7. Public Sector 7.1. The Functions of the State and its Economic Role, 7.2. Externalities and Public Goods, 7.3. Taxation; 8. Vision and Measurement of Macroeconomics, 8.1. Objectives and instruments of Macroeconomics, 8.2. Gross Domestic Product, 8.3. Details of the National Accounts, 8.4. Price and Inflation Indexes; 9. Consumption and Investment; 10. The Multiplier Model in a closed economy.

The course employs active, student-centered methodologies, combining interactive lectures with problem-solving exercises, case study analysis, and discussions on contemporary economic issues. Learning is further supported by a "flipped classroom" approach, encouraging advance preparation through readings, economic news, and digital resources. Classes foster the interpretation of economic indicators, the critical analysis of public policies, and the application of economic concepts to business and labor market scenarios. Collaborative activities, debates, and presentations are also incorporated-utilizing digital tools critically-to cultivate autonomy, critical thinking, and the ability to make well-founded decisions.

MANKIW, N. G. (2024). Principles of Economics (10th ed.). Cengage Learning. HUBBARD, R. G., & O'BRIEN, A. P. (2024). Economics (9th ed.). Pearson. KRUGMAN, P., & WELLS, R. (2023). Economics (6th ed.). Worth Publishers