Subject

Economy

  • code 09285
  • course 2
  • term Semester 2
  • type FB
  • credits 6

Main language of instruction: Spanish

Teaching staff

Head instructor

Dr. Jesus RICO - jrico@uic.es

Office hours

By appointment via e-mail.

Introduction

Economics is a subject of 6 ECTS credits, basic training, which is taught during the second semester of the second year of Journalism.

This course is key in training the student as it addresses the most important economic concepts of the economic world. In addition to other professional skills acquired by students in Journalism Degree (drafting, documentation, etc.), the knowledge of key concepts of the economy becomes a strategic factor as it focuses on results, and the primacy of financial profitability determines the functioning of many companies, including advertising agencies and the media.

Hence the importance attached by the agencies and the media, as it is granted by the citizens themselves, and economy has become a strategic factor in the communication sector. Factors such as the configuration of the market, the law of supply and demand, price, public debt and economic and fiscal policies can influence decisively in this sector. In addition, agencies and media direct their activities towards achieving overall organizational objectives, which often are evaluated in economic terms, such as the so-called Return On Investment. Hence the importance of learning some of the most important economic concepts so as to enable the student to work in the field of communication effectively.

Pre-course requirements

There are no prerequisites to take this course, although it is advisable to have previously taken Business Information, as both subjects are closely related.

Objectives

The primary objective of this course is to understand the theoretical concepts key to economic reality. Analyze the relationship between the different theoretical concepts discussed, and the importance of all of them in shaping the economic reality of a market. Reflecting on the direct relationship between many of the theoretical concepts explained and commercial communication strategies and the functioning of the media.

Competences / Learning outcomes of the degree programme

  • 02 CG - The ability to learn and act an autonomously and responsibly
  • 04 CG - The ability to organise time and workspace
  • 06 CG - The ability to read, analyze and synthesize
  • 08 CG - The ability to reflect and memorize.
  • 10 CG - Knowledge and mastery of bibliographic repertoires
  • 11 CG - Knowledge and mastery of different research resources
  • 16 CE - The ability to make judgments and well-argued critical assessments
  • 18 CE - Ability to detect newsworthy events
  • 19 CE - The ability to elaborate a budget for a journalistic project.
  • 25 CE - Ability to contextualize and critically analyze macroeconomic aspects
  • 38 CE - Knowledge and mastery of concepts, data, statistics and economic graphs

Learning outcomes of the subject

  1. They will learn basic knowledge of economics, law geography and history in order to be able to understand some of the major problems of modern society.
  2. They will internalize a complex vision of contemporary societies.
  3. They will understand how to spot trends.
  4. They will be able to analyze society and forge a critical and independent spirit.

Syllabus

The theoretical and practical program of the subject Economics is composed of the following contents by two parts. 

Syllabus:

PART I

1. Introduction to economics

 

2. Supply and Demand

 

3. Market failures

 

4. The company

 

5. From microeconomics to macroeconomics. 

 

6. Money, banking and the monetary system

 

7. The State and economic activity

 

8. Financial markets: the stock market

 

9. Inflation

 

10. The labor market. Unemployment

 

PART II

6. Economic journalism

Students will take 10 hours of lectures on economic journalism.

Sesión 1. Presentación de las clases prácticas. Seminario  de introducción a la redacción de noticias económicas. Características y ejemplos.

Sesión 2.  Taller sobre oferta, demanda y mercados [i] (focused praxis) a partir de cuadros/gráficos

Sesión 3. Revisión FP anterior. Taller/FP  sobre PIB/PNB (a partir cuadros INE  y noticias publicadas-emitidas)

Sesión 4. Revisión FP anterior. Taller/FP sobre fuenets de información económica 

Sesión 5. Revisión FP anterior. Taller/FP sobre la empresa cmo agente económico 

 


[i] El concepto Taller/FP consiste en una revisión del tema y principales conceptos, anàlisis de noticies sobre el tema, anáisis de cuadros y cifras (o visionado/escucha de noticies de radio y TV) y, a continuación, realización de una pràctica

 

     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     

Teaching and learning activities

In person

The contents will be worked through various activities that require continuous assessment, combining reflection and analysis of the subject with practical exercises. All activities are divided into the following table:

Subject

ECTS

CO

SE

FP

 TA

Economy

6

4

8

6

 2

* There are 30 sessions of two hours each, 60 hours in total.

  • 40 hours of lectures to work key theoretical concepts of the course. 
  • 4 hours of coaching to resolve questions for the exam.
  • 8 hours of seminars, in which students work in groups of 5/6 students and present their work.
  • Focused Praxis of 6 hours
  • Simple workshops of 2 hours
TRAINING ACTIVITYECTS CREDITS
Coaching. Monitoring how students learn the content of the subject, either individually or in groups. In the coaching sessions, mistakes will be corrected, queries answered, and exercises and activities to achieve the established objectives will be suggested.
0.4
Focused Praxis. Handing in occasional exercises to learn theory through practice.
0.6
Seminar. This activity will consist of taking an in-depth look at specific up-to-date topics in a monographic manner-in some cases these topics will have been debated socially-, via active work in small groups.
0.8
Lectures. In lectures, lecturers/professors not only transmit content or knowledge, but also, and above all else, attitudes, motivation, skills and values, etc. They also ensure that participants can express their opinions and arguments to the other students.
4
Practical workshop. A highly practical working activity, where students can acquire skills that are practical or also theoretical (intellectual skills, logical skills, critical skills, intellectual learning skills, study skills, quoting skills, etc).
0.2

Evaluation systems and criteria

In person

La evaluación es continua. Por un lado, hay una evaluación basada en casos prácticos de interpretación y comparación de artículos en la materia en base a la teoría que se ha ido impartiendo. Esta parte tiene un peso total del 20% de la nota de la asignatura. También hay un examen parcial a mitad de semestre, tipo test, que tiene un peso total del 20% de la nota de la asignatura. El último módulo del curso consta de cinco sesiones prácticas con un docente específico para esa parte y cuyo peso total es también del 20% del total de la asignatura. Por último hay un examen final de obligada realización y que tiene un peso del 40% de la nota total de la asignatura.  Para superar la asignatura hay que aprobar el examen final (nota mínima de 5) y obtener un 5 o más sumando cada una de las partes de evaluación de la asignatura. Todas las pruebas evaluadoras son obligatorias (no presentado implica cero puntos en esa parte).

En resumen, la evaluación consta de:

  • Evaluación continua mediante interpretación de artículos basada en la aplicación de la teoría aprendida (20% de la nota)
  • Examen parcial a mitad de semestre, tipo test (20% de la nota)
  • Un examen final tipo test (40% de la nota). Obligatorio aprobar el examen para superar la asignatura.
  • Entrega de las prácticas (20%): seminarios. El mismo día del seminario se explica el trabajo a realizar, y al final de clase se entrega la práctica al profesor, la cual será evaluada (nota numérica).

La nota final de la asignatura es una suma de las notas conseguidas en cada parte evaluadora aplicando su ponderación en el total.

Dado que todo el contenido teórico que hay que preparar para el examen se explica en las clases, es recomendable asistir a todas las clases. Se valora positivamente la participación en clase y la actitud profesional de trabajo.

Para aprobar la asignatura, es necesario aprobar asimismo las sesiones de periodismo económico, que se puntúan a partir de las prácticas, actitud, participación y asistencia.

Los alumnos de 3ª convocatoria en adelante (e inclusive la 3ª) están exentos de venir a clase, pero se les recomienda venir a clase, especialmente a los Seminarios, donde se realizará prácticas puntuables para la nota final.

Evaluación (resumen):

Examen parcial.                                                       20%

Interpretación de Artículos + Casos Prácticos.             40%

Examen final.                                                           40%

EVALUATION SYSTEM:
  • Final Exam
  • Groupal Work
  • Partial exam

PERCENTAGE:
  • 40%
  • 40%
  • 20

Bibliography and resources

 

Bibliography

 

VARA, Alfonso (2009). Economía básica para comunicadores. Pamplona: EUNSA.

 

Recommended bibliography:

MANKIW, Gregory (2010). Principles of Economics. Mexico: Cengage Learning Editores.

Krugman, Paul (2010). The era of limited expectations. Barcelona: Ariel.

MAYORAL MARTIN, Fernando (2009). Manual Spanish economy: theory and structure. Madrid: Prentice Hall.

ICEX (2005). Keys to the world economy. Madrid: ICEX.

HEYNE, Paul (1998). Economic concepts: the world according to economists. Madrid: Prentice Hall.

Teacher's bibliography:

MANKIW, Gregory (2010). Principles of Economics. Mexico: Cengage Learning Editores.

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