SCHOOL OF ECONOMICS AND BUSINESS ADMINISTRATION
Classes available in English 2014-2015
SCHOOL OF ECONOMICS AND BUSINESS ADMINISTRATION
Classes available in English 2014-2015
COURSES LECTURED IN ENGLISH 2013-2014
FALL SEMESTER
Management and Marketing - Business Communication I - Entrepreneurship - Marketing I - Project Management - Quality Management - Services and Applied Marketing - Strategic Management -T opics in Economics I (Competition and Regulation)
6 ECTS 3 ECTS 6 ECTS 6 ECTS 6 ECTS 3 ECTS 6 ECTS 3 ECTS
Finance - Corporate Finance - Financial Analysis - Fundamentals of Finance - Methods in Valuating Firms
6 ECTS 6 ECTS 6 ECTS 6 ECTS
Economics
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- International Trade - Macroeconomics: Theory and Policy - Principles of Microeconomics - Probability and Statistics I - Calculus I
6 ECTS 6 ECTS 6 ECTS 6 ECTS 6 ECTS
- Religion in a Globalized World
3 ECTS
COURSES LECTURED IN ENGLISH 2013-2014
SPRING SEMESTER
Management and Marketing - Business Case Analysis - Business Ethics - Business Policy - Country and City Branding - Human Resources - Marketing II - Operations Management - Principles of Business Administration - Sports and Brands - Negotiation
3 ECTS 6 ECTS 6 ECTS 3 ECTS 6 ECTS 6 ECTS 6 ECTS 6 ECTS 3 ECTS 3 ECTS
Finance - Financial Derivatives - International Finance - International Financial Reporting Standards (IFRS) - Investments in Financial Markets - Money, Banking and Financial Markets
6 ECTS 6 ECTS 6 ECTS 6 ECTS 6 ECTS
Economics - Development Economics - Global Political Economy - Microeconomics: Theory and Policy - Principles of Macroeconomics - Probability and Statistics II - Time Series - Topics in Economics II (Behavioral Economics) - Algebra - Calculus II - European Institutions
6 ECTS 6 ECTS 6 ECTS 6 ECTS 6 ECTS 6 ECTS 3 ECTS 6 ECTS 6 ECTS 3 ECTS
[5]
OTHER COURSES AVAILABLE IN ENGLISH
SCHOOL OF HUMANITIES FALL SEMESTER - Classic Characters in English and American Literature - History and Memory - Images and Culture - Language Learning & Attention to Linguistic Diversity - World Literature - Contemporary History - Anthropology (Annual) - Ethics (Annual) - English Language (Annual)
3 ECTS 6 ECTS 6 ECTS 3 ECTS 6 ECTS 6 ECTS 6 ECTS 6 ECTS 6 ECTS
SPRING SEMESTER - Language and Communication - British and American Literature - History and Culture of the English Speaking World - Population, Resources and the Environment - Sociology
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6 ECTS 6 ECTS 6 ECTS 3 ECTS 6 ECTS
OTHER COURSES AVAILABLE IN ENGLISH
SCHOOL OF EDUCATION FALL SEMESTER -M odern Happiness Studies -B ilingual Education and CLIL (Content and Language Integrated Learning) -L anguage, Communication and Attention to Linguistic Diversity -T eaching Reading and Writing
3 ECTS 3 ECTS 3 ECTS 3 ECTS
SPRING SEMESTER -C itizenship and Education -M ulticultural Education -T eaching the Gifted and Talented -C hildren’s Literature: Tradition and Folklore -S ociology
3 ECTS 3 ECTS 3 ECTS 3 ECTS 6 ECTS
SCHOOL OF COMMUNICATION FALL SEMESTER -T ransmedia Storytelling -F ilm and TV Marketing -C ommunication History - Literature - Multimedia Communication - Communication Strategies in Politics - International Relations - Introduction to Marketing - Theory of Advertising and Public Relations
3 ECTS 3 ECTS 3 ECTS 6 ECTS 6 ECTS 3 ECTS 3 ECTS 3 ECTS 6 ECTS
SPRING SEMESTER - Media Convergence - History of Cinema - Global Communication - Strategies in Fashion Communication - Economics
3 ECTS 6 ECTS 3 ECTS 3 ECTS 6 ECTS [7]
OTHER COURSES AVAILABLE IN ENGLISH
SCHOOL OF LAW FALL SEMESTER - International Corporate Law - Introduction to Accounting for Lawyers - Introduction to Anglo-American Law and Case Analysis - Introduction to International Commercial Law - Legal Aspects of International Finance I - U.S. Criminal Law - U.S. Tort Law - U.S. Tax Law
3 ECTS 3 ECTS 3 ECTS 3 ECTS 3 ECTS 3 ECTS 3 ECTS 3 ECTS
Seminars - Anatomy of the Investment Arbitration - Chinese Law and Investment Law - Legal Traditions of the World - Introduction to Islamic Law
SPRING SEMESTER - International Securities Regulation - Introduction to Finance for Lawyers - Introduction to Transport and Payment Law - Legal Aspects of International Finance II - U.S. Business and Corporate Law - U.S. Litigation and Dispute Resolution - U.S. Constitutional Law - U.S. Contract Law
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3 ECTS 3 ECTS 3 ECTS 3 ECTS 3 ECTS 3 ECTS 3 ECTS 3 ECTS
introduction
The University of Navarra is one of the leading universities in Europe. Based in Pamplona, Spain, and with four campuses throughout the country, the University of Navarra prides itself on academic integrity, international focus and the professional development of students. Each semester, the student body is well complemented by a high percentage of international students who come to Northern Spain to take advantage of a rewarding university experience within a beautiful campus setting and to partake in the global setting that makes the University of Navarra so unique. The Faculty of Economics of the University of Navarra has been the first institution, which has offered bilingual economic and business education in Spain. Eight hundred undergraduate students of diverse backgrounds are given instruction from professors from all over the world, and benefit from a large network of exchange and partner programs with leading international firms, businesses and institutions. Fostering an open dialogue through research and intellectual rigor, the Faculty of Economics aims to share the interest and enthusiasm that characterize the educational spirit of the School. Based on this philosophy, our Faculty offers a complete range of subjects in English. These are offered to our students and also to other international students that come to the University of Navarra for Exchange Programmes.
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First [Fall] Semester Offering
Management and Marketing BUSINESS COMMUNICATION 6 ECTS
Business Communication aims to leverage student’s communication skills in the entrepreneurial and professional world and provide them with information and abilities to work in the corporate communication and business communication environment
ENTREPRENEURSHIP 3 ECTS
The aims of the course are the following: to develop a business plan, to know real initiatives for entrepreneurship and to learn theoretical aspects of Entrepreneurship. The entrepreneurial process involves finding, evaluating, and developing an opportunity by overcoming the strong forces that resist the creation of something new. The aim of the subject is to educate on entrepreneurship by covering theory and practice, helping students develop the skills and competences to be able to identify opportunities in the market, how to asses potential business ideas and how to implement them with market tools and develop organizational and personal capability.
MARKETING I 6 ECTS
Marketing I is focused on understanding external, economic and company factors that build the Marketing strategies of the company. Students will be able to identify and design the best marketing strategy in different markets and environments, understand how brand management works, learn how new tools such as digital media are giving new solutions to companies to market their products and services. They will be able to build the best consumer approach with the most efficient brand strategy, taking the consumer target into account. The subject will cover topics such as how to identify and empower the strengths of the company and how to protect it from threats of the market. Another key learning objective of the subject is to analyze the consumer’s behavior, each type and how to address them by building a successful impact and a long term loyalty level with them.
[12] FIRST [FALL] SEMESTER OFFERING
When the Steering Committee of a company decides to move from one situation to another in any area company management (Engineering, Production, Information Systems, Finance, etc.), it is necessary to carry out a project. Projects generate significant investment for the company and involve several departments, customers and suppliers, which implies the need to comply with requirements, deadlines and costs. Failure to make a success of the projects produced significant losses, such as the main economic prestige or image of the staff and the company involved. All companies elaborate different projects each year with profound impact on their operations. The heads of various departments and areas that make up the company must be trained and prepared to be able to manage them. The aim of the course is to provide students with knowledge and tools for the proper design, monitoring, closure and evaluation of projects. Such knowledge includes technical and management aspects.
PROJECT MANAGEMENT 6 ECTS
Quality Management is a recent phenomenon that is becoming more and more important in business. Its specific definition does not aim to assure ‘good quality’ by the more general definition, but rather to ensure that an organization or product is consistent. Quality Management is focused not only on product/service quality, but also on the means to achieve it. In this course, subjects like ISO certificates and EFAQM models will be developed. We will also make special emphasis on practical applications of quality tools.
QUALITY MANAGEMENT 6 ECTS
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SERVICES AND APPLIED MARKETING 6 ECTS
Services and Applied Marketing is key in valuing businesses where the consumer doesn’t have a tangible product to taste, use or take home. Marketing in services has both roles, make the service differential and understand consumer expectations to satisfy and increase their loyalty. This subject will cover how to build a competitive advantage in service companies through the process of classifying the activity, the environment and especially the expectations generated following the use of the service, which is key to delivering the adequate approach to increase satisfaction, thus loyalty, efficiency and repetition.
STRATEGIC MANAGEMENT 6 ECTS
The aim of this course is to allow students to understand the concept and formal process of designing a strategy, which includes Corporate Strategy, Business Strategy and Functional Strategy. The student must know the strategy from a war perspective and how best commanders deployed their strategies in the most important battles of the world. This course will provide the student with a practical overview of the business world by analyzing real cases. The student will be able to develop their capability of student teamwork, applying strategy knowledge to teamwork.
TOPICS IN ECONOMICS: COMPETITION AND REGULATION 3 ECTS
This course is about market structures, conduct and performance from the business perspective, economic policy as it affects business, in relation to its dealings with consumers, the variety of approaches to competition, regulation and industry development policies from the international perspective; analysis of policies with respect to prices, monopolies, oligopolies and mergers, exclusive dealing, consumer protection and licensing, deregulation and privatization.
[14] FIRST [FALL] SEMESTER OFFERING
Finance This course is designed in the following broad areas so that student will be able to apply financial concepts and theories learned in earlier finance courses to a broad range of practical problems and case studies aimed at consolidating their technical knowledge and skills in Finance. They will also be able to expand their Technical Finance knowledge and practical experience by dealing with other important Corporate Finance topics such as valuation, capital structure, and financing. They will finally develop team skills as well as holistic and ethical values in Finance.
CORPORATE FINANCE 6 ECTS
In this course the student will receive knowledge of the practicality and usefulness of various types of Accounting data, technical analysis of financial data and significance of key Balance Sheet and Income Statement data points. This course will enable students to develop skills related to Accounting Analysis (identifying relevant information, making comparisons, summarizing information, drawing conclusions, etc.), as well as understanding financial data. At the end of the course, the student should be able to receive a full and comprehensive understanding of a company´s publicly available financial data, handle the analytical techniques in managing financial data with ease, making correct conclusions with respect to the financial position of a company and make comparisons between different companies and draw conclusions about their financial positions.
FINANCIAL ANALYSIS 6 ECTS
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FUNDAMENTALS OF FINANCE 6 ECTS
This course aims to provide first year students with a sound introduction to the use of Mathematics in Business and personal finance applications. After attending this course, the student should be able to set out and solve problems and real cases involving concepts of simple interest, compound interest and annuities and also to know the financial vocabulary both in English and in Spanish. Taking this course will help students acquire the following competences and skills: Improve logical reasoning, improve analytical and synthesis skills; Improve independent learning skills; Improve work-time organization and improve teamwork abilities. Emphasized learning outcomes from the study of this module are: To be able to solve problems with the concepts of simple and compound interest and annuities as well as to apply these concepts to real life situations such as home loans, bonds and capital budgeting decisions.
METHODS FOR VALUATING FIRMS 6 ECTS
The main goal of this course is to know and practice with the main techniques to valuate corporations. Each week the student will receive a finance case, mainly Harvard, and a few questions about the case that they have to answer in writing and deliver before the case discussion. The cases will cover common Corporate Finance issues like: dividend policy, leverage, right issues, cash-flow projections, evolution of EPS, PER, operational risk, unleveraged and leveraged beta and cost of capital.
[16] FIRST [FALL] SEMESTER OFFERING
Economics The course is focused on the study of International Trade and its importance in the current economies. First of all, we will pay attention to the evidence on countries’ behavior regarding foreign trade that, with the study of several economic theories on this topic, will allow us to understand the pattern of trade between countries. The student will be able to understand the importance of International Trade in current economies, as well as to get a solid knowledge of some theoretical models of International Trade. The student will also be able to learn about some of the most controversial issues around international trade, starting from the classical discussion of free trade versus protectionism. One of the objectives of this course is to help the student to reach a rigorous and well informed opinion about these issues.
INTERNATIONAL TRADE 6 ECTS
This course provides the essential theoretical and empirical frameworks for the analysis of aggregate phenomena and of economic fluctuations (e.g.: GDP, inflation, unemployment, interest rates, etc.). Students will learn how fiscal and monetary policies are designed and applied for attaining the main macroeconomic objectives of economic growth and price stability. Relevant historical and presentday examples will be used to get the key intuition behind macroeconomic methods and models.
MACROECONOMICS: THEORY AND POLICY 6 ECTS
The goal of this subject is to provide the foundations of single-variable differential Calculus. Students also learn integrals, apply concepts and methodologies to Economics and Business examples, and use software to solve exercises. The emphasis is on problem-solving and understanding concepts and applications rather than on studying theorems.
CALCULUS I 6 ECTS
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PRINCIPLES OF MICROECONOMICS 6 ECTS
Principles of Microeconomics is your first contact with economic theory. Therefore, it forms the basis on which your future studies of Microeconomics, and to a lesser extent of Macroeconomics will be built. In this course you will understand how economists perceive and study the reality that surrounds them. In particular, you will study the decisions made by individuals and the interaction of individuals and firms in markets in a rigorous and mathematical way.
PROBABILITY AND STATISTICS I 6 ECTS
The purpose of the course is to provide the basic tools of Probability and Statistics, which will prove to be useful in Economics and Management. We will introduce the most common methods used in Descriptive Statistics, then present the fundamental tools of Probability and lastly introduce Statistical Inference and Test Theory. The course will be illustrated by applications mostly using the free statistical software R.
RELIGION IN A GLOBALIZED WORLD 3 ECTS
With the progression of world globalization, as cultures intertwine and human beings become increasingly interdependent, the face of religion is changing and the role of religion is being reexamined. Is religion still relevant in this technology driven, scientific age? As Christianity shifts from the north to the south and Islam is rapidly expanding in formerly Christian countries, will these religions be able to coexist peacefully? Do the world’s major religions have anything in common or are they mutually exclusive? This course will first examine the nature of religion and then consider the historical origins, central teachings, and devotional practices of the world’s major religions, including Judaism, Christianity, Islam, Hinduism, Buddhism, Confucianism, and Shintoism. The various beliefs will be compared and contrasted with attention given to recent interreligious dialogue.
[18] FIRST [FALL] SEMESTER OFFERING
Second [Spring] Semester Offering
Management and Marketing BUSINESS CASE ANALYSIS 6 ECTS
The objective of this course is to provide the student with a thorough understanding of how to analyze business cases, and how to effectively present their analysis. Emphasis will be placed on oral presentation of case analysis and recommendations. Students will participate in a time-limited case preparation and presentation format. The aim of the course is to develop students’ skill in solving case studies from real business in teams and improve their presentation skills. This course will give the students fundamental knowledge, skills and practice in preparing and presenting case studies for classes and the real world (and possibly case competitions). Business Case Analysis will explore ways that can better prepare the students for case studies including professor coaching, preparation and presentation feedback, debating, persuasive communications and cross-discipline work. Students will acquire presentation, leadership, team building, analytical and logical thinking skills.
[20] SECOND [SPRING] SEMESTER OFFERING
Business Ethics almost always hits the headlines in the wake of scandals, but hardly ever when entrepreneurs and managers do good deeds. These are often met with a skepticism difficult to eradicate, given the profit motive; such stories are just “too good to be true”. Why so? After a short introduction to the origins and development of Business Ethics, this course will present a more constructive approach based on the notion of “moral capital” or virtue. We shall also explain how the firm, through the proper ethical perspective, could actually be a potent force toward attaining the common good of society.
BUSINESS ETHICS 6 ECTS
The overall objective of this subject is to understand the central significance of policy and strategy to top managers and their organizations. For this purpose, it is analyzed how environments, both external and internal, affect the functioning of an organization- and the associated methods to assure that policies and strategies are implemented.
BUSINESS POLICY 6 ECTS
Branding strategy and techniques are increasingly becoming the preferred approach to identify and take advantage of the main city and country assets. Place branding allows cities and countries to increase citizens’ satisfaction, attracts additional flows of investment, human capital and tourism. In this course, we will discover the basic tools for identifying place brand identity, image and positioning. We will present the main elements of place branding strategy. Students will be asked to carry on practical study cases during the semester.
COUNTRY AND CITY BRANDING 3 ECTS
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HUMAN RESOURCES 6 ECTS
This course aims to describe and explain the most recent trends concerning Human Resource Management. More precisely, the course’s objectives are to learn the key concepts and functions of Human Resource Management considering it as a strategic area of Management, study human behavior in today’s complex and global organizations, and to awaken student’s sensitivity to “social” issues as part of management in organizations.
MARKETING II 6 ECTS
Marketing II is focused on the daily business of Marketing, using Marketing Mix Management and focusing on the consumer approach through research and services marketing. The subject is divided in three parts: Marketing Mix strategies and tools, consumer understanding through research, and marketing applied to services. Consumer behavior and strategies that don’t fit with people’s desires and preferences are the most common problems in marketing departments where market research can help to re-define strategies and product mix.
NEGOTIATIONS 3 ECTS
This course will develop your understanding of the principles, strategies, and tactics of effective negotiation and professional relationship management. You will also increase awareness and understanding of ethical principles and stakeholder considerations that influence the choices offered and made in transactions and relationships. You will learn to identify and assess the variables in negotiations, develop sound negotiation planning techniques, develop an understanding of various strategies and tactics to use as you ethically resolve conflicts, transactional and interpersonal differences. Learn how to use that knowledge to execute effective dispute resolutions, and improved competence to manage professional relationships.
[22] SECOND [SPRING] SEMESTER OFFERING
Operations Management is a subject in which the Operations System of the company is analyzed. The Operations System includes all the activities and decisions related to the design and production of products and services in a company. In the case of production companies, the Operations Systems concerns decisions especially related to the flow of materials. The Operations System is a key area to ensure the competitiveness of a company, so their understanding is very important for comprehensive understanding of the company.
OPERATIONS MANAGEMENT 6 ECTS
The overall objective of this subject is to provide students with the basic concepts concerning firms, as well as identifying its functional areas and major decisions. Once this course is completed, the student should have acquired knowledge about how a company is directed and managed. For this purpose, it is intended to make an introductory review of the management functions while highlighting important issues such as the nature of the firm, its environment, and associated tools for decision making.
PRINCIPLES OF BUSINESS ADMINISTRATION 6 ECTS
In Sports and Brands we will provide a business and economic analysis of professional sports, as well as the economic lessons we can obtain from analyzing the organization and behavior of sports competitions. The focus of this subject is mainly oriented to business related issues, like sponsorship and branding. We will focus our analysis in leading sport competitions and sports events mainly from a European perspective.
SPORTS AND BRANDS 3 ECTS
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Finance FINANCIAL DERIVATIVES 6 ECTS
This course is focused on the following financial derivative products: forward, futures, option, and swap contracts. The course provides an introduction to these financial assets and discusses some topics related to their pricing, trading strategies, and risk management of portfolios using financial derivatives.
INTERNATIONAL FINANCE 6 ECTS
Why is there a sovereign debt crisis in Europe? What are the factors behind the Dollar/Euro exchange rate determination? What is the relation between European, American and Japanese Interest Rates? What is the reasoning behind monetary unions? What is a balance of payments crisis? What are the advantages of adopting a fixed exchange rate? Do speculative bubbles exist in the exchange markets? How did the euro come into place? International Finance addresses these types of questions and more. The class is intended to familiarize the student with the structure and functions of the foreign exchange market. Additionally students will analyze the dynamic behavior of exchange rates and both their real and nominal macroeconomic effects.
INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) 6 ECTS
In a globalized economy, the capital markets around the world must provide high-quality, homogeneous financial information across countries, fulfilling the needs of their users and regulators. The International Financial Reporting Standards, due to their large international acceptance, represent the language able to meet this purpose. The main goal of the course is to guide the students to the application of international accounting principles and techniques in real world situations by offering a principle-based approach of the financial reporting standards environment.
[24] SECOND [SPRING] SEMESTER OFFERING
In studying this subject, students develop a basic and wide knowledge of the principal financial markets and financial assets used for investing. This means learning the differences between real and financial assets, different types of financial assets, where to find the markets for these assets, and learning the role of financial assets in distributing wealth and risk between the different market participants. The subject also aims to develop basic technical skills for evaluating and trading the principal financial assets studied during the course. These skills include (1) Learning basic measures of financial risk and how to interpret them; (2) Learning how to construct a portfolio of financial assets, measure its performance, and report it to investors; and (3) Learning basic strategies for trading of financial assets.
INVESTMENTS IN FINANCIAL MARKETS 6 ECTS
Why do international stock markets react to lower interest rate setting by the U.S. Federal Reserve? What are the differences between the ECB and the Federal Reserve monetary policy? What is the relation between monetary policy and the 2008 financial crisis? What is the relation between interest rates, GDP and inflation? What is the difference between expected and unexpected monetary policy actions? What to do when interest rates are close to zero and the economy needs an expansionary monetary policy? What is quantitative easing? How does the transmission mechanism of monetary policy work through the banking system? How does asymmetric information influence credit policies by banks? What is systemic risk and what was its role in the financial crisis? Why can banks collapse and what is the effect in the overall economy? How can Central Banks avoid bank runs and mitigate systemic risk? “Money, Banking, and Financial Markets� deals with all these issues and more. The class is intended to familiarize the student with the monetary policy strategy, implementation and effects, as well as the role of banks in our economies as transmission mechanism of monetary policy and providers of liquidity to the private sector and engine of growth.
MONEY, BANKING AND FINANCIAL MARKETS 6 ECTS
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Economics DEVELOPMENT ECONOMICS 6 ECTS
The objectives of the course are to introduce to the students the most relevant economic and management aspects of Development Cooperation and to familiarize them with the main national and multilateral institutions that finance cooperation projects. Moreover, the course gives directions in coping with complex structures of decision-making and project management as well as guidance to the students in order to develop a capacity for practical analysis and critical reasoning on development issues and sustainable growth of developing countries.
GLOBAL POLITICAL ECONOMY 6 ECTS
Global Political Economy focuses on the main issues in international political economics, such as globalization, governance, trade, foreign investment, international migrations and financial markets. The course is designed as an introduction to the main ideas, trends, events and forces which shape the political, institutional and social framework in which the world economy develops. For this purpose, the course takes a multidisciplinary approach combining questions from various social sciences such as economics and political science. This analysis will help students develop a critical understanding of the new reality of the world economy, which some define with the sole word “globalization� but which has many different sides to it. During the course we shall address the role and position of the economies of Spain and Europe in this global framework.
[26] SECOND [SPRING] SEMESTER OFFERING
This is a course on Intermediate Microeconomics. The student is assumed to be familiar with basic economic concepts, acquired in the first year. This course covers a wide range of topics, starting from the analysis of competitive markets, and also includes monopoly, oligopoly, game theory, uncertainty, general equilibrium and market failure. The course aims to provide the student with the sufficient knowledge to understand economic models and apply mathematical tools to economic analysis.
MICROECONOMICS: THEORY AND POLICY 6 ECTS
The objective of the course is to introduce the basic concepts and tools used in macroeconomic analysis. In this course, the student will learn how to use and compare different economic models to analyze and understand current economic issues. The course studies the functioning of the aggregate economy both in the long run and the short run, and covers many of the issues that dominate the theoretical and political debate: unemployment, inflation, growth, etc.
PRINCIPLES OF MACROECONOMICS 6 ECTS
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PROBABILITY STATISTICS II 6 ECTS
The objective of the course is to introduce some issues of statistical inference and modeling. In particular, the students will learn the following topics: constructing confidence intervals for different population parameters (mean, variance, proportion) based on the sample information. Learn the general hypothesis testing procedure and its application to different problems. Perform ANOVA tests to compare the means of different populations. Perform different nonparametric tests and know in which situations they should be used. Use correlation and regression analysis to study the linear relationship between two variables, as well as different computer programs to perform the above analysis and tests.
TIME SERIES 6 ECTS
This is a course related with time series analysis. Once we define the concept of stationary we present the different ARMA models used in the material. Another chapter is devoted to estimation, focusing on maximum likelihood estimation. Then, testing hypothesis and model selection, based on Box-Jenkins methodology, is presented. The following chapter deals with seasonality in time series, and the following one is devoted to prediction. Next we look at no stationary cases. The next chapter focuses on structural time series, while the last chapter investigates long memory processes and frequency domain specifications.
[28] SECOND [SPRING] SEMESTER OFFERING
A basic pillar of economic theory is that behavior is governed by the response to incentives (what psychologists call ‘extrinsic motivation’). However, ‘intrinsic motivation’ plays a great role. People conceive incentives differently depending on the context. The unit elaborates on the interface of incentives and psychological factors such as bounded rationality, self-deception, weakness of will, and regret, to understand the complexity of human motivation. The unit also focuses on how organizations harness human motivation in the face of asymmetry of information (which usually undermines cooperation) and bounded rationality.
TOPICS IN ECONOMICS II (BEHAVIORAL ECONOMICS) 3 ECTS
Algebra enhances the capacity for analysis and synthesis, helps speed reasoning and facilitates abstract thinking. As for inclusion in Business Administration/Economics studies, it is essential for quantitative modelling of economic reality, and it can solve complex problems with many variables (impossible to synthesize intuitively).To achieve these objectives usual topics are thoroughly discussed in mathematics, such as linear programming, matrices and determinants, systems of linear equations, applications of matrices and systems of equations to economic applications and graphs and networks.
ALGEBRA 6 ECTS
[29]
CALCULUS II 6 ECTS
This course begins with the introduction of functions with more than one independent variable. Students learn partial and directional derivatives and also the total derivative of a function. Most of the course is devoted to solve optimization problems (constrained and unconstrained). As in Calculus I, the emphasis is on problem solving, understanding concepts and applications to Economics and Business.
EUROPEAN INSTITUTIONS 3 ECTS
The course is intended to give you an in-depth introduction to the institutions of the European Union. Therefore, it gives an overview on the multi-level framework in which the European institutions exercise their functions, examine their various natures, reveals institutional change in the EU and effects of the euro-zone crisis on it. This course will also introduce you to the main theoretical frameworks to better understand the work of the EU institutions in decision-making process.
[30] SECOND [SPRING] SEMESTER OFFERING
School of Economics and Business International Relations Office Edificio Amigos Universidad de Navarra 31009 Pamplona Tel. 948 425 625 Fax 948 425 626 intrel-eco@unav.es http://www.unav.edu/web/facultad-de-ciencias-economicas-y-empresariales