Content Official Master's Degree in Economics and Business Administration
Ideal student profile
In order to be admitted it is necessary to have a general interest in economics and business, and to have also specific interests in markets, public policy or public finances. It is also required to prove knowledge of English at B1 level of the Common European Framework of Reference for the languages of the Council of Europe.
Basic skills
- Knowledge and understanding that provide a basis or opportunity for originality in developing and / or applying ideas, often in a research context.
- That the students can apply their knowledge and their ability to solve problems in new or unfamiliar environments within broader (or multidisciplinary) contexts related to their field of study.
- That students are able to integrate knowledge and handle complexity and formulate judgments based on information that was incomplete or limited, include reflecting on social and ethical responsibilities linked to the application of their knowledge and judgments.
- Students can communicate their conclusions and the knowledge and rationale underpinning these to specialist and non-specialist audiences clearly and unambiguously.
- That students have the learning skills that enable them to continue studying in a way that will be largely self-directed or autonomous.
Specific skills
- Demonstrate an understanding of basic consumer and producer theories.
- Apply microeconomic analysis to evaluate the results generated by a market economy.
- Demonstrat an understanding of the concepts of equilibrium and efficiency, and understand their function in economic analysis.
- Demonstrate an understanding of market operation in terms of both goods and assets.
- Understand the basics of competitive markets and the Theorems of Social Welfare.
- Demonstrate knowledge of the implications of markets being complete or incomplete.
- Distinguish between the elements of industrial strategy.
- Make an assessment of diversification and its comparative advantages.
- Make an assessment of innovation and its comparative advantages.
- Isolate and analyse the main characteristics of the evolution of economic data.
- Identify the limitations associated with the available data and the consequences on empirical analysis.
- Operate using statistical sources that are relevant to the object of study (company data, individual and family surveys, etc.)
- Choose the appropriate empirical methodology for the object of study: Contrasting economic hypothesis, policy evaluation, forecasting, etc.
- Familiarise students with basic techniques for conjecture analysis and the necessary predictions for an appropriate interpretation of the cyclical and trend evolution of aggregate variables in the economic market.
- Contrast different hypotheses regarding the response of economic agents in the context of the problem under study. Infer, for each case, the consequences of economic policies or business strategies associated with the object of study.
- Be able to handle the main statistical techniques for evaluating the properties of each method of analysis and relate the different characteristic measures of the data or diagnostics to the appropriateness of a model.
- Explain the economic concepts necessary for understanding the behaviour of companies and the regulating decision that we can observe in the real world.
- Demonstrate knowledge and identify the behaviour of companies and agents that interact and compete and understand the decision that the agents participating in those markets face.
- Synthesise and producer a model of the operation of companies and markets according to the aspect that you wish to study.
- Demonstrate an understanding of apply the main economic principles of efficiency and equity in the different areas mentioned above.
- Identify specific cases among situations in which the markets are not efficient and those in which they are, as well as public intervention that leads to efficiency and that which does not.
- Demonstrate an understanding and carry out a critical analysis of economic studies of the economic policies of international organisations such as the OECD or the European Commission in the areas indicated.
- Carry out empirical studies for impact assessments of different policies: Identify existing data sources or design a data collection, application of statistical and econometric techniques that are appropriate for programme and policy evaluation, formulation of empirical strategies and the appropriate interpretation of the results.
- Understand the time and risk coordinates as they affect the financial markets.
- Show an understanding of the principles of evaluations of basic and derived financial assets.
- Demonstrate an understanding of the mechanisms and characteristics of balance in financial markets.
- Show an understanding of the principles of financial investment: portfolio selection and financial investment strategies
- Demonstrate an understanding of the investment and financing coordinates as they affect the financial decisions of the company.
- Situate these company financial decisions in the framework of the financial market.
- Show an understanding of decision-making models in the area of real investment project selection, company financing and investment and international financing.
- Relate financial decision to the company strategy as a whole.
- Organise, plan and manage the information necessary for a Master¿s project in industrial organisation, public policy and finances.
- Demonstrate creativity and originality in the planning of a Master¿s degree project in industrial organisation, public policy and finances.
Cross-curricular skills
- Understand academic research in the areas indicated.
- Contextualise economic problems through the use of formal models that enable quantitative analysis.
- Argue the case for and write a precise, clear and concise report of the problems presented in the English language. Use different statistical programs to process data.
- Carry out empirical studies.
- Carry out oral presentations in the English language.
- Respect ethical, social and environmental values.
- Develop the ability to evaluate sex- and gender-based inequalities and design solutions