Universidad de Navarra School of Economics & Business
Classes available in english 2018-2019
classes available in english
2018-2019
P. 3
Introduction
T
he 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 School of Economics and Business of the University of Navarra has been the first institution, which has offered bilingual economic and business education in Spain. Over 900 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, business and institutions. Fostering an open dialogue through research and intellectual rigor, the School of Economics and Business aims to share the interest and enthusiasm that characterize the educational spirit of the School. Based on this philosophy, our school offers a complete range of courses in English.These are offered to our students and also to other international students that come to the University of Navarra for Exchange Programmes.
Over 900 undergraduate students of diverse backgrounds are given instruction from professors from all over the world.
P. 4
school of economics & Business
universidad de navarra
classes available in english
fall semester Management and Marketing
Accounting and Finance
Economics
Accounting and Finance
P. 5
spring semester Business communication
6 ECTS
E-commerce
6 ECTS
Entrepreneurship
Management and Marketing
Brand Leadership
3 ECTS
Business Case Analysis
6 ECTS
3 ECTS
Business Policy
6 ECTS
Marketing I
6 ECTS
Doing Business in Africa
3 ECTS
Project management
6 ECTS
Family Business Management
6 ECTS
Quality management
6 ECTS
Human Resources
6 ECTS
Strategic management
6 ECTS
Marketing II
6 ECTS
Strategic marketing management
3 ECTS
Negotiation
3 ECTS
Operations Management
6 ECTS
European financial institutions
3 ECTS
Strategic Innovation
3 ECTS
Financial statement analysis
6 ECTS
Firms’ valuation methods
6 ECTS
Entrepreneurial Finance: Mergers and Acquisitions*
3 ECTS
Investments in financial markets
6 ECTS
The Psychology of Investing
3 ECTS
Forensic Accounting
6 ECTS
Econometrics I
6 ECTS
Financial Accounting III
6 ECTS
Economics & psychology
6 ECTS
Financial Derivatives
6 ECTS
Industrial organization
6 ECTS
International Finance
6 ECTS
International trade
6 ECTS
Money, Banking and Financial Markets
6 ECTS
Macroeconomics: theory & policy
6 ECTS
Probability & statistics I
6 ECTS
Global Political Economy
6 ECTS
Health Economics
3 ECTS
Business ethics
3 ECTS
Microeconomics: Theory and Policy
6 ECTS
Probability and Statistics II
6 ECTS
Time Series
6 ECTS
Business Ethics
3 ECTS
International legal foundations Machine learning ** Sociology for the 21st century
Accounting and Finance
Economics
4,5 ECTS 6 ECTS 4,5 ECTS Accounting and Finance
Annual
2018-2019
Anthropology (annual)
6 ECTS
Ethics (annual)
6 ECTS
Comparative Political Systems-Political Fundamental Concepts European Institutions International Organizations Introduction to Law
*These courses are concentrated during part of the semester ** This course is taught both in English & Spanish
Regions II. Asia Regions III. Emerging Countries
4,5 ECTS
3 ECTS 3 ECTS 6 ECTS 3 ECTS 3 ECTS
P. 6
school of economics & Business
universidad de navarra
classes available in english
school of communication fall semester
spring semester
2018-2019
P. 7
school of law
Communication Skills for Advertising
3 ECTS
Communication Skills for Journalists
fall semester
International Corporate Law
3 ECTS
3 ECTS
Introduction to Accounting For Lawyers
3 ECTS
Contemporary History
3 ECTS
3 ECTS
Contemporary Political Systems
6 ECTS
Introduction to Anglo-American Law And Case Analysis
Film and TV Marketing
3 ECTS
Introduction to International Commercial Law
3 ECTS
History of Communication
6 ECTS
Legal Aspects of International Finance I
3 ECTS
Introduction to Advertising and PR
6 ECTS
U.S. Criminal Law
3 ECTS
U.S. Tort Law
3 ECTS
U.S. Tax Law
3 ECTS
International Securities Regulation
3 ECTS
Introduction to Finance for Lawyers
3 ECTS
Introduction to Transport and Payment Law
3 ECTS
Legal Aspects of International Finance II
3 ECTS
U.S. Business and Corporate Law
3 ECTS
U.S. Constitutional Law
3 ECTS
U.S. Contract Law
3 ECTS
U.S. Litigation and Dispute Resolution
3 ECTS
Literature
6 ECTS
Multimedia Communication
6 ECTS
TV Reporting
3 ECTS
Effective Speaking and Writing
3 ECTS
English for Film, TV and radio
3 ECTS
Entertainment Apps Development
3 ECTS
Global Communication
3 ECTS
History of Cinema
6 ECTS
International Relations
3 ECTS
Introduction to Screenwriting
6 ECTS
Media Management
6 ECTS
News Design
3 ECTS
Political Communication
6 ECTS
Sociology
6 ECTS
Strategies in Fashion Communication
3 ECTS
Visual Culture
6 ECTS
spring semester
P. 8
school of economics & Business
universidad de navarra
classes available in english
2018-2019
P. 9
school of humanities
school of education and psychology
Classic World
6 ECTS
3 ECTS
History and Culture of the English Speaking World
6 ECTS
Teaching Reading and Writing
3 ECTS
Images and Culture
6 ECTS
Creative culture in education
3 ECTS
Theory of Arts
6 ECTS
Creativity in progress
3 ECTS
World literature
6 ECTS
Worldviews and the Human Person
3 ECTS
British and American Literature
6 ECTS
Comics and Graphic Storytelling
3 ECTS
Language and Communication
6 ECTS
Sociology
6 ECTS
Worldviews and Ethics
3 ECTS
Information and Communication Technologies
6 ECTS
fall semester
Bilingual Education and CLIL *
3 ECTS
spring semester
Multicultural Education I **
fall semester
spring semester
annual
* This course will only be taught in September and November ** This course will be taught from 11th January to 3rd March 2019
A
Classes Available in English 2018-2019
First (Fall) Semester Offering
P. 12
school of economics & Business
universidad de navarra
classes available in english
2018-2019
P. 13
Management and marketing Business Comunication I
6 ECTS
e-commerce
6 ECTS
entrepreneurship
3 ECTS
Business Communication aims to leverage students’ 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.
marketing I
6 ECTS
The internet and the digital revolution have drastically changed every aspect of modern society. Of course, one of the most drastic areas that have been affected is how the new tech-savvy consumer purchases goods and services.This class will examine what exactly has changed in the relationship between seller and buyer, and how this new technology enabled relationship has allowed the creation of some of the world’s most successful companies. The aims of the course are the following: to develop a business plan, to identify 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 assess potential business ideas and implement them with market tools, and develop organizational and personal capability.
PROJECT MANAGEMENT
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, and 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 and each type, and how to address them by building a successful impact on a long term loyalty level with them. When the Steering Committee of a company decides to move from one situation to another in any area of 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 produces 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.
P. 14
school of economics & Business
universidad de navarra
classes available in english
2018-2019
P. 15
accounting and finance QUALITY MANAGEMENT
6 ECTS
STRATEGIC MANAGEMENT
6 ECTS
STRATEGIC MARKETING MANAGEMENT
3 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. 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 The aim of this course is to provide leaners with an understanding of some of the key factors underpinning effective marketing strategies and decision making within an organization. Upon completion of this course learners should be able to: Demonstrate their knowledge of marketing strategy by segmenting markets, identify target customers value and develop effective value propositions; identify, analyze and solve marketing problems using appropriate tools and frameworks; create, communicate and defend well-justified realistic marketing recommendations in written and oral forms; formulate strategically linked marketing tactics and prepare an action plan for implementing recommendations.
EUROPEAN FINANCIAL INSTITUTIONS
3 ECTS
FINANCIAL STATEMENTS ANALYSIS
6 ECTS
FIRMS’ VALUATION METHODS
6 ECTS
In this course, students will first gain an understanding of the foundations of the European Financial System, from coordination to communitarization, key principles and financial intermediaries.The following elements covered in this course are: banking institutions, investment firms and EU markets, asset management and the insurance sector, each with particular cases in different EU countries. The aim of this course is to provide the students with a sound introduction to financial statement analysis The student should be able to analyze a company’s annual report and conclude as to its profitability, efficiency, liquidity and solvency. Taking this course will help students improve in the following competences and skills: logical reasoning, critical thinking, analytical and synthesis skills, autonomous learning skills and teamwork abilities. Firms’ valuation methods is an interactive course that aims at making the student capable of understanding the main financial and management concepts and tools needed to properly valuate companies. It combines a well-structured theoretical framework with practical exercises and real life business cases.Although it is mainly a ‘valuation’ course, it also focuses on the ‘management’ implications of valuation techniques. Due to the nature of the subject, a moderate knowledge of both corporate accounting and spreadsheet using (Excel or similar) are required.
P. 16
school of economics & Business
universidad de navarra
classes available in english
2018-2019
P. 17
economics INVESTMENTS IN FINANCIAL MARKETS
6 ECTS
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.
ECONOMETRICS I
6 ECTS
ECONOMICS & PSYCHOLOGY
6 ECTS
INDUSTRIAL ORGANIZATION
6 ECTS
This course is an introduction to the basic multiple regression techniques used in Economics (e.g. Ordinary Least Squares). It will emphasize parameter estimation and hypothesis testing in economic/business applications. In the course we will make use of both statistics and basic linear algebra. During this course we will identify those areas in which human behavior depart from the standard economic model.We will analyze under which circumstances that leads to errors or not.When we identify errors and biases we will show how these biases can be overcome.We will pay special attention to mistakes that we usually do in two very important aspects of our lives, namely, finance and health issues. This course focuses on market structures and the conduct of firms, with an emphasis upon oligopolies. In the first part of the course we will review some basic microeconomics topics, including production theory and perfect competition.Then we will study monopoly theory and oligopoly theory. Finally, we will study basic auction theory and other issues related to market failures.A solid knowledge of intermediate microeconomics, calculus and optimization is required to successfully pass this class.
P. 18
school of economics & Business
universidad de navarra
classes available in english
2018-2019
P. 19
other disciplines INTERNATIONAL TRADE
6 ECTS
MACROECONOMICS: THEORY AND POLICY
6 ECTS
PROBABILITY AND STATISTICS I
6 ECTS
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 reach a rigorous and well informed opinion about these issues. 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 to attain the main macroeconomic objectives of economic growth and price stability. Relevant historical and present- day examples will be used to get the key intuition behind macroeconomic methods and models. 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.
BUSINESS ETHICS
3 ECTS
INTERNATIONAL LEGAL FOUNDATIONS
4,5 ECTS
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. International Legal Foundations (ILF) is a mandatory course for all participants of the Economic, Leadership & Governance program.This is a course for all students with an interest in Global Law and future economists who want to be aware about international legal practice.The target of the course is to make all participants familiar with the origin of International law, its evolution towards a Global law, with the main issues of what we call “Global economic law”and, finally, with the most important matters related with the concepts of universal justice without and human rights.This area of public law is highly challenging, because all economists involved in international affairs know they will have to develop their professional activities in a fast-changing legal environment that need a constant updating of international legal knowledge. In this course we will learn the main basic concepts and we will acquire the skills to be able to update our knowledge as fast as the market requires it.
P. 20
school of economics & Business
MACHINE LEARNING
Machine learning (ML) allows computers to find hidden patterns in data.We will take a practical approach using some well-known algorithms in ML to learn how to get information from datasets to make better decisions.We will use the statistical program R.There are no prerequisites, except some familiarity with computers.
6 ECTS
SOCIOLOGY FOR THE 21ST CENTURY
4,5 ECTS
ANTHROPOLOGY (ANNUAL)
6 ECTS
universidad de navarra
In this course you will be introduced to the basic concepts and theories of Sociology.You will learn how to think sociologically, i.e. to apply a sociological perspective to the world around you, recognizing the crucial links between individuals and the society in which they live.After a survey of classical and contemporary sociological theory, we will apply key sociological concepts to topical issues such as gender, globalization and consumerism, and to social institutions such as marriage and the family. This course is meant for people in non-Sociology degrees.Thus, particular emphasis will be placed on making the theories and concepts presented during the course relevant for understanding the world we live in.Attendance is highly encouraged, and the students are expected to actively participate in class discussions.All students will work on a project during the semester, which will be presented in the final week of classes. This course seeks to study what is common to all human beings, that is, their nature, from a philosophical perspective, thereby developing the students’ philosophical knowledge and understanding of the human person. It involves a study of the basic nature of man as well as his personal and spiritual character.This involves the study of aspects such as his corporality, affectivity, knowledge and freedom. Last, but not least is the rational and philosophical study of man as a finite and transcendent being regarding aspects such as suffering, death and the existence of God as well as possible answers given by Christian faith.
classes available in english
ETHICS (ANNUAL)
6 ECTS
2018-2019
P. 21
In both the abstract and the prudential levels of reflection, the obtained answers will be compared with alternative solutions grounded on utilitarian and deontological approaches.At the end of the course, students are expected to be capable of the following things: Understanding and elaborating sophisticated arguments to either criticize or defend the different philosophical traditions in ethics, recognizing the underpinning ethical conceptions that sustain both abstract and prudential ethical reflection, analyzing the inner structure of human action, and discern its moral value in concrete situations, analyzing and identifying the role of affection in moral life and connecting human flourishing, happiness, moral virtue, moral norms and human action, in the perspective of the virtue ethics.
B
Classes Available in English 2018-2019
second (spring) Semester Offering
P. 24
school of economics & Business
universidad de navarra
classes available in english
2018-2019
P. 25
Management and Marketing BRAND LEADERSHIP
3 ECTS
BUSINESS CASE ANALYSIS
6 ECTS
The competitive environment of today has made companies rethink their marketing activities and lead the company and brands very differently than before. From marketing responsibilities to category management there are many intuitions, changes and realities that need to be understood to cope with the complexity of this management activity. This subject deals with the organization of the marketing function today and the way the best companies are facing their tough surrounding: From single product to multi-product; from one brand to many; from selling to others to owned or franchised shops; from high margins to low cost pressure. 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.
BUSINESS POLICY
6 ECTS
DOING BUSINESS IN AFRICA
3 ECTS
FAMILY BUSINESS MANAGEMENT
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. This course aims to provide students with an overview of critical aspects of successfully doing business in Africa including analyzing the political and macroeconomic environments in Africa; identifying opportunities and risks; developing an effective strategy for doing business in Africa broadly and in specific regions; effective marketing in the African context; cultural aspects of negotiation and ethics and social responsibility in the African context. The Family Business Management course aims to educate and prepare managers for the specificities of family businesses, which have great economic and social impact around the world, but at the same time lack good managerial techniques, and theoretical concepts to perform and endure over generations. The course will address topics about the idiosyncrasies of management, structure, governance and strategy in family businesses so that the student can critically and through different methodologies, analyze the business challenges and problems in the day-to-day management of a family businesses. We will emphasize developing pragmatic and practice-oriented general management skills, aiming to integrate theoretical concepts of different disciplines that have practical implications for family business management, such as Microeconomics,Accounting, Finance, Law, and Strategy. The course will draw, primarily, upon economic and sociological thinking through a series of case studies discussions and lectures, in which we will discuss the enduring principles of management in the context of family firms.
P. 26
school of economics & Business
HUMAN RESOURCES
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 toward “social”issues as part of management in organizations.
6 ECTS
MARKETING II
6 ECTS
NEGOTIATION
3 ECTS
universidad de navarra
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. 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.
classes available in english
OPERATIONS MANAGEMENT
6 ECTS
STRATEGIC INNOVATION
3 ECTS
2018-2019
P. 27
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 System 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. Innovation is not about being better. It is about being different. In this context, value creation is the fundamental motto of the endeavor of innovation. Strategy, innovation and value creation will be –in this adventure – interchangeable terms. Business models are a great way to conceptualize this new perspective of strategy: understanding how value is created and captured in the market.We will make a particular emphasis in the new paradigm of Strategy Orchestration.
P. 28
school of economics & Business
universidad de navarra
classes available in english
2018-2019
P. 29
Accounting and Finance ENTREPRENEURIAL: MERGERS AND ACQUISITIONS
3 ECTS
THE PSYCHOLOGY OF INVESTING
3 ECTS
This course builds competence for the student in analyzing business merger and acquisition opportunities, particularly for private companies. The course is experiential and involves a mixture of theory, financial modeling, and case studies. It is important the students are proficient with Microsoft Excel and course on valuation Behavioral Finance is an approach to the analysis of financial decision-making in general that relaxes some key assumptions of neoclassical financial economics. Since the seminal work of Kahneman and Tversky (1974), two schools of thought have been widely accepted as being able to describe and forecast investor behavior: the traditional rational theory, anchored in the Efficient Market Hypothesis and the behavioral approach, which takes into account the effect of social, cognitive and emotional factors on the decision making process.While the traditional theory is based on the hypothesis that human beings are strictly rational, Behavioral Finance explores the impact of psychology, uncertainty and risk and the cognitive biases that impact our decisions. It recognises that our abilities to make complex financial decisions are limited due to the biases and errors of judgement to which all of us are prone.This course introduces cognitive biases and discusses the impact of such biases on the financial decision-making.We will examine how people make predictable and repeatable mistakes in financial decision-making.We will describe the nature of these mistakes and their origin, using insights from psychology and experimental economics. We apply the behavioral approach to the investment behavior of individuals and household finance more generally. In summary, this course is designed to provide an overview of an exciting new and fast growing area in finance, which takes as its premise that investment decision-making and investor behaviour are not necessarily driven by ‘rational’ considerations but by aspects of personal and market psychology.
FORENSIC ACCOUNTING
6 ECTS
FINANCIAL ACCOUNTING III
6 ECTS
This course is about FORENSIC ACCOUNTING on IFRS.We will develop students’ ability to make professional judgement working with real case studies. The students work as accounting experts during the class trying to justify their accounting solution paying attention to qualitative and quantitative data, economic and financial analysis, contracts and IFRS. In a globalized economy, the capital markets around the world must provide high-quality and homogeneous across countries financial information, 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 discipline of Accounting is something of unquestionable practical application, which has required, requires and will continue to require permanent analysis and adaptations in a changing and continuously evolving economic environment.Accounting means the execution of transactions carried out both in the private business environment, as well as in the public sector, being subject to the necessary accounting and commercial modifications and adaptations that occur in said environment.The subject of Financial Accounting III is of special relevance given its great practical component and application in the business world. This course is designed to prepare students to interpret and analyze financial statements effectively. Therefore, prior to taking this course, students are expected to have a sound grasp of the basics of financial accounting. Building on Financial Accounting 1 and 2, students examine a number of complex topics and their effect on financial reporting and disclosure. The focus of this course is to provide an overview of accounting theory and applicability of Share Capital, Reserves and Share Options (Employee Bonus Schemes),The Statement of Comprehensive Income and Statement of Changes in Equity and The State-
P. 30
school of economics & Business
universidad de navarra
ment of Cash Flows,Accounting for Income Taxes, Events Occurring After the Reporting Date, Related-Party Disclosures, and Earnings Per Share. Special emphasis is made on specific problem-solving in accounting for partnerships, business combinations and consolidations, inter-company transactions, and other aspects of inter-corporate stock ownership necessary for the preparation of consolidated financial statements. Intensive class participation is required for the success of the learning process. This subject has an undoubted component of practical application in real life. However, the practical cases are a brief summary of the extensive scenarios in the field.We emphasize examples of more common situations. FINANCIAL DERIVATIVES
6 ECTS
INTERNATIONAL FINANCE
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. 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.
classes available in english
MONEY, BANKING AND FINANCIAL MARKETS
6 ECTS
2018-2019
P. 31
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 banks collapse and what can 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.
P. 32
school of economics & Business
universidad de navarra
classes available in english
2018-2019
P. 33
Economics GLOBAL POLITICAL ECONOMY
6 ECTS
HEALTH ECONOMICS
3 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. Health care is today one of the key economic sectors for several reasons. One is related to aging populations and the increase demand for health services.At the same time, the economic crisis is producing tighter budgets, both at the governmental and individual level.The new pharmaceutical products are more and more expensive.All of this is generating a lot of concern about the sustainability of health systems. In this course we will present the main analytical tools that economics has produced to analyze health sectors.We will study what drives health care demand, making a distinction between the demand for health and the demand of health services.We will analyze the role of insurance in the provision of health care. On the supply side, we will study to what extent competition between hospitals can lead to better medical outcomes.We will also compare the different ways to organize health systems, from free market to nationalized health systems. Finally, an important part of the course will be devote to the issue of the valuation of health. More specifically, how can we measure health and the monetary value of health.
MICROECONOMICS: THEORY AND POLICY
6 ECTS
PROBABILITY AND STATISTICS II
6 ECTS
TIME SERIES
6 ECTS
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 choices. 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, and 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 and different nonparametric tests, knowing 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. 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 non stationary cases.The next chapter focuses on structural time series, while the last chapter investigates long memory processes and frequency domain specifications.
P. 34
school of economics & Business
universidad de navarra
classes available in english
2018-2019
P. 35
Other Areas BUSINESS ETHICS
3 ECTS
COMPARATIVE POLITICAL SYSTEMS- POLITICAL FUNDAMENTAL CONCEPTS
4,5 ECTS
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. This class is an introduction to the study of Comparative Politics and it is a natural extension from your introductory class to political science.You will learn about some of the major concepts used in the study of comparative politics, and these will be discussed using frequent real-world examples from a variety of countries.The course will cover a wide range of issues, including the policies of modern states, varieties of democracy, authoritarianism, political culture, institutions, and interest groups. We also will discuss some relatively recent debates in comparative politics that have been important in the policy-making process, such as the role of the state in the economy, the economic success of autocratic regimes, and the growing influence of lobbyism in many developed democracies.
EUROPEAN INSTITUTIONS
3 ECTS
INTERNATIONAL ORGANIZATIONS
3 ECTS
This course examines the history, the institutional structure, the policy-making process and the main policies of the European Union. In addition, it analyzes recent critical events that have affected the Union and future challenges that Europe is facing. This course evaluates the role and scope of International Organizations in this process and how they govern globalization in social, economic, security and political terms. This course aims to familiarize students with the main institutions, their policies and principal actors. The primary institutions dealt with are the United Nations, the World Bank, the WTO, multi-country organizations, the OECD and technical bodies. The main policies covered are international security, finance, trade, climate change, human rights, economic development and technical standards. The course has two main goals.The first is to offer a basic knowledge of the main institutions, as well as an understanding of how countries work together to make and implement decisions at a global level.The second is to consider the politics, motives and difficulties associated with participation and intervention in the various global issues as both a sovereign state and a member of the European Union. This course also gives students the opportunity to enhance their knowledge of - and insight into - international negotiation processes. Students will be able to debate and practice international negotiation in a series of short exercises. We will also look at the European Union as an actor and a power in the international system, to the extent that these are relevant for developing an analytical framework aimed at understanding and assessing the external aspects of EU policies.
P. 36
school of economics & Business
INTRODUCTION TO LAW
Upon completion of this course a student will have developed the following skills: Improvement in the ability to express themselves, both orally and in writing, have a better understanding of the Common Law in U.S. case law analysis, how to “Brief”a case, and perform case law analysis and application. This course will provide the student with an introduction to the Law and its fundamentals through its classification, analysis and principles.
6 ECTS
REGIONS II. ASIA
3 ECTS
universidad de navarra
Asia, as a fast growing region, has attracted much attention from the perspective of economics, politics, and culture. Nevertheless, because of its geographic size and breadth, it is also a region where much poverty and conflict are found. Moreover, the region’s fast growth has been accompanied by an interesting mix of political institutions and social practices that seem to challenge the well-established notions social organization very well entrenched in Western scholarship. Hence, amidst this growth is a mixture of worldviews, practices, and realities that would complement, co-exist, or even compete.The political economic perspective taken up as the framing device for this course is meant to give justice to other non-economic factors that affect the overall growth trajectory of Asia.As such, the course looks at the nuances of the understanding of more universal ideas of growth and development as it happens in Asia.
classes available in english
MICROECONOMICS: THEORY AND POLICY
6 ECTS
PROBABILITY AND STATISTICS II
6 ECTS
TIME SERIES
6 ECTS REGIONS III. EMERGING COUNTRIES
3 ECTS
This course is intended as an introduction to the emerging field of political economy of institutions and development. Its purpose is to give you both a sense of the research topics and a good command of the tools in the area. It will cover a scope of important topics in the area, ranging from constitutional choice, voting, constraints, culture and values, to the influence of economic and political institutions in the process of economic development.
2018-2019
P. 37
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 choices. 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, and 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 and different nonparametric tests, knowing 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. 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 non stationary cases.The next chapter focuses on structural time series, while the last chapter investigates long memory processes and frequency domain specifications.
P. 38
school of economics & Business
universidad de navarra
Other Areas BUSINESS ETHICS
3 ECTS
COMPARATIVE POLITICAL SYSTEMS- POLITICAL FUNDAMENTAL CONCEPTS
4,5 ECTS
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. This class is an introduction to the study of Comparative Politics and it is a natural extension from your introductory class to political science.You will learn about some of the major concepts used in the study of comparative politics, and these will be discussed using frequent real-world examples from a variety of countries.The course will cover a wide range of issues, including the policies of modern states, varieties of democracy, authoritarianism, political culture, institutions, and interest groups. We also will discuss some relatively recent debates in comparative politics that have been important in the policy-making process, such as the role of the state in the economy, the economic success of autocratic regimes, and the growing influence of lobbyism in many developed democracies.
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address / direcciรณn
International Relations Office Edificio Amigos Universidad de Navarra 31009 Pamplona
Contact / contacto
Tel. +34 948 425 600 Ext. 802436
intrel-eco@unav.es http://www.unav.edu/en/web/ facultad-de-ciencias-economicas-y-empresariales