The course in Political and Industrial Economy is a direct continuation of the first-year Microeconomics course and aims to develop the necessary skills to understand, including critically, the main microeconomic and macroeconomic models and to apply them as interpretive tools of the economic reality. At the end of the course, students will be able to: (1) Understand the functioning of the main forms of non-competitive markets; (2) Understand the pricing policies used by firms in non-competitive markets; (3) Gain an overview of the main public policies for the regulation of non-competitive markets; (4) Know the main macroeconomic indicators; (5) Understand the functioning of goods, labor, and money markets, as well as their interactions; (6) Develop a critical perspective on macroeconomic models and their underlying assumptions.
Course Prerequisites
The knowledge acquired in the Microeconomics course.
Assessment Methods
Examinations for the Political and Industrial Economy course are exclusively written. For each module, the exam can be passed either through two mid-term tests or one general final test. All exams, whether mid-term or general, are structured as follows: a Theory Section, in the form of multiple-choice questions, and an Exercise Section, where students are required to solve one or more quantitative problems. For more detailed information on the examination format and procedures, please refer to the syllabi of the two modules.
