Company Economics and Management
Code: 101033Credits: 4
| Degree programme | Type | Course |
|---|---|---|
| Geology | OP | 3 |
Contact lecturer
- Name :
- Ruben Ilzarbe Lopez
- Email :
- ruben.ilzarbe@uab.cat
Group languages
You can consult this information at the end of the document.
Prerequisites
It is not required prior knowledge of the economy.
Objectives
This subject has as main objective, to present the basics concepts of economics andvbusiness, and an introduction to the management process and business decision-making.
Learning outcomes
- CM05 (Develop a strategic business or company plan within the field of earth sciences.) Develop a strategic business or company plan within the field of earth sciences.
- KM05 (Identify the main numerical modelling techniques applicable to earth sciences.) Identify the main numerical modelling techniques applicable to earth sciences.
- SM04 (Assess the economic viability of the industrial exploitation of a geological resource or service.) Assess the economic viability of the industrial exploitation of a geological resource or service.
- SM05 (Collaborate with others in problem-solving through the use of communicative and organisational strategies in shared work contexts.) Collaborate with others in problem-solving through the use of communicative and organisational strategies in shared work contexts.
Contents
1. Introduction to Economics
- What is meant by economics?
- Scarcity and the need to choose
- The Production Possibilities Frontier (PPF)
- What are the basic decisions of any economy?
- Economic reality: What is produced, how it is produced and for whom it is produced in Spain.
- Introduction to Macroeconomics and Microeconomics.
- Main schools of economic thought and their economic and social influence
2. Business Economics and Business Strategy.
2.1: Company and Transactions
- Definition of company.
- Organizational charts. Guys.
- Distinctive features of the companies: Organizational Unit, Carrying out of productive activities and Profit-making.
- Companies as \"productive activities\" (practical calculation exercise: productivity, production and sales volume).
- Productive activities and their financing: Introduction to Accounting (practical exercises).
- Companies from a legal point of view: mercantile companies.
- Main activity: Preparation of a Business or Company Plan
2.2: The price and the creation of value in financial transactions.
- Introduction to VAN and VFN. (examples and exercises).
- The simple and compound interest rate (examples and exercises).
- IRR (exercises).
- Activity: Practical exercise to relate concepts
2.3: Business decision making.
- Business strategy. (competitive, monopolistic and monopolistic competition markets)
- Game theory: within an oligopoly.
Additional activities:
- Read economic news and discuss it in groups.
- Realization of debates with subjects dealt with in class.
Learning activities and methodology
| Title | Hours | ECTS | Learning outcomes |
|---|---|---|---|
| To be translated | 8 | 0.32 | |
| To be translated | 7 | 0.28 | |
| To be translated | 7 | 0.28 | |
| to be translated | 16 | 0.64 | |
| To be translated | 16 | 0.64 |
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Assessment
Continuous assessment activities
| Title | Weight | Hours | ECTS | Learning outcomes |
|---|---|---|---|---|
| PARTICIPATION AND CONTINUOUS ACTIVITIES | 30 | 25 | 1 | SM04, SM05 |
| Final exam | 50 | 3 | 0.12 | CM05, KM05, SM04, SM05 |
| BUSINESS PLAN | 20 | 18 | 0.72 | CM05 |
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Bibliography
The basic material to follow the subject will be published on the virtual campus.
In every case, the complementary bibliography, it's also possible to consult in any volume of the introductory books on business economics.
Software
Much of the course material will be available through the students on virtual campus. Some material may be delivered through other sources.
Course groups and languages
The information provided is provisional until November 30. After this date, you will be able to consult the language of each group through this link. To access the information, you will need to enter the course CODE
| Type of teaching | Group | Language | Semester | Shift |
|---|---|---|---|---|
| (TE) Theory | 1 | Catalan | second semester | morning-mixed |
| (PLAB) Practical laboratories | 1 | Catalan | second semester | morning-mixed |