School of Economics and Business Administration International Relations OfficeEdificio de Bibliotecas [Entrada Este]Universidad de Navarra,31080 PamplonaTel. 948 425 625Fax 948 425 626intrel-eco@unav.eshttp://www.unav.es/econom

Classes available in English2012-2013

SCHOOL OF ECONOMICS ANDBUSINESS ADMINISTRATION

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FALL SEMESTER

Management and Marketing· Entrepreneurship· Topics in Business and Ethics I· Strategic Management· Project Management· Quality Management· Seminars in advanced Management: Mana-gement in the Digital Economy · Marketing I· Services Marketing· Business Communication I

Finance· Fundamentals of Finance· Investments in Financial Markets· Corporate Finance· Methods for valuating firms· Risk Management

Economics· Calculus I· Probability and Statistics I· Principles of Microeconomics· Industrial Organization· Topics in Economics I: Labour Economics · Macroeconomics: Theory and Policy· International Trade

SPRING SEMESTER

Management and Marketing· Principles of Business Administration· Business Ethics· Topics in Business and Ethics II· Human Resources· Organization Theory· Operations Management· Marketing II· International Marketing· Business Policy· Seminars in advanced Marketing: Global Mar-keting Management· Business Case Analysis· Business Communication II

Finance· International Finance· Budgeting control· International Financial Reporting Standards(IFRS)· Financial Derivatives · Financial Markets · Investments in Financial Markets · Corporate Finance· Seminars in advanced Finance: Financial instru-ments, financial markets and trading

Economics· Calculus II· Probability and Statistics II· Time Series· Principles of Macroeconomics· Global Political Economy· Money, Banking and Financial Markets· Microeconomics: Theory and Policy· Development Economics· Sport and Brands

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SCHOOL OF HUMANITIES

FALL SEMESTER

· Language and Communication · Anthropology (Annual) · World Literatura· History and Memory · Language Learning & Attention to Linguis-tic Diversity

OTHER COURSES AVAILABLE IN ENGLISH

SPRING SEMESTER

· English Language· Images and Culture· Sociology· British and American Literature· History and Culture of the English Speaking World· Business Ethics · Arts Education Project · Thinking-Based Learning

SCHOOL OF COMMUNICATION

FALL SEMESTER

· Communication History· Communication Skills for Journalists· Communication Skills for Pr And Advertising· American Cinema

SPRING SEMESTER

· Effective Speaking and Writing· Global Communication· Media Planning and Buying· Strategies in Fashion Communication· International Relations· Convergence

SCHOOL OF LAW

FALL SEMESTER

· LIntroduction to Anglo-American Law and Case Analysis· U.S. Criminal Law· U.S. Tort Law· U.S. Tax Law· Introduction to Accounting for Lawyers· Introduction to International Commercial Law· International Corporate Law· Legal Aspects of International Finance I

SEMINARS

· Legal Traditions of The World · Anatomy of the Investment Arbitration · Introduction to Islamic Law · Chinese Law and Investment Law

SPRING SEMESTER

· U.S. Constitutional Law· U.S. Contract Law· U.S. Litigation and Dispute Resolution· U.S. Business and Corporate Law· Introduction to Finance for Lawyers· Introduction to Transport and Payment Law· International Securities Regulation · Legal Aspects of International Finance II

The University of Navarra is one of the leading universitiesin Europe. Based in Pamplona, Spain, and with four campusesthroughout the country, the University of Navarra pridesitself on academic integrity, international focus and the pro-fessional development of students. Each semester, thestudent body is well complemented by a high percentageof international students who come to Northern Spain totake advantage of a rewarding university experience withina beautiful campus setting and to partake in the globalsetting that makes the University of Navarra so unique.

The Faculty of Economics of the University of Navarra hasbeen the first institution, wich has offered bilingual economicand business education in Spain. Eight hundred undergraduatestudents of diverse backgrounds are given instruction fromprofessors from all over the world, and benefit from a largenetwork of exchange and partner programs with leadinginternational firms, business and institutions. Fostering anopen dialogue through research and intellectual rigor, theFaculty of Economics aims to share the interest and enthusiasmthat characterize the educational spirit of the School.

Based on this philosophy, our faculty offers a completerange of subjects in English. These are offered to ourstudents and also to other international students that cometo the University of Navarra for Exchange Programmes.

introduction

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First [fall] semester offerings

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FIRST [FALL] SEMESTER OFFERINGS

Management and Marketing

The aims of the course are the following: to develop abusiness plan, to know real initiatives for entrepreneurs-hip and to learn theoretical aspects of Entrepreneurship.

The entrepreneurial process involves finding, evaluating,and developing an opportunity by overcoming the strongforces that resist the creation of something new. The aimof the subject is to educate and train about entrepreneurshipcovering theory and practice helping students to developskills and competences to be able to identify opportunitiesin the market, how to asses potential business ideas andhow to implement them with market tools and developorganizational and personal capability.

The economic and business environment, in which themajority of companies operate, has changed dramaticallyover the last years. This has led to significant changes inthe way companies are run, and the way they include newmanagement skills and competences. This course focuson some of them: Reputation, Brand Value, Innovation, Posi-tioning, environment and ethics.

The aim of this course is to allow students to understandthe concept of strategy and the formal process of designinga strategy. It includes the formal process of Designing aStrategy, Corporate Strategy, Business Strategy and FunctionalStrategy. The student must know the strategy from thepoint of view of the war and how best commanders deployedtheir strategies on the most important battles of the world.This course will provide the student a practical overview ofthe business world by analyzing real cases. The student willbe able to develop the capacity of student team work,applying strategy knowledge to a team work.

ENTREPRENEURSHIP3 ECTS

TOPICS IN BUSINESS AND ETHICS I

3 ECTS

STRATEGIC MANAGEMENT

6 ECTS

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When a company wants to move from one situation toanother, in any area of management of the company (engi-neering, production, changes in financial, information systems,etc.) is necessary to carry out a project. A project typicallygenerates significant investment for the company andinvolves the need to meet expectations of requirements,deadlines and costs. Failure to make a success of the projectsproduced losses of various kinds. The aim of the course isto provide students with knowledge and tools for the properdesign, monitoring, closure and evaluation of projects. Suchknowledge includes technical, management and humanresources.

Quality management is a recent phenomenon becomingmore and more important in business. Its specific definitiondoes not aim to assure 'good quality' by the more generaldefinition but rather to ensure that an organization or productis consistent. Quality management is focused not only onproduct/service quality, but also the means to achieve it.

This course’s focal points are Business 2.0 and Enterprise2.0, which commonly are defined as the enterprise usageof social software or so called Web 2.0 technologies. Thecourse will focus on enterprises' internal (collaboration orR&D) and external (marketing or corporate communications)use of these tools and service. The course also coversunderlying business models of tool- or service-providers togive an understanding of the entire digital economy andecosystem.

PROJECT MANAGEMENT3 ECTS

QUALITY MANAGEMENT6 ECTS

SEMINARS IN ADVANCED MANAGEMENT:MANAGEMENT IN THE DIGITAL ECONOMY3 ECTS

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FIRST [FALL] SEMESTER OFFERINGS

Marketing I is focused on understanding external, economicaland company factors that build the Marketing strategies ofthe company. Students will be able to identify and designde best Marketing Strategy in different markets and envi-ronments, understand how brand management works, theywill learn how new tools such as digital media are givingnew solutions to the companies to market their productsand services. They will be able to build the best consumerapproach taking into account the consumer target with themost efficient brand strategy. The subject will cover topicssuch is how to identify and empower the strengths of thecompany and how to protect from threats of the market.Another key learning objective of the subject is to analyzethe consumer’s behaviour, its typologies and how to addressthem to build a successful impact and a long term loyaltylevel with them.

Marketing applied to services is key to give value to businesseswhere the consumer doesn’t have a tangible product totaste, use or take home. Marketing in services has bothroles, make the service differential and understand consumerexpectations to satisfy and increase his loyalty. Many factorshave influenced on the culture and way of consumingservices, especially e-commerce and global markets drawa new challenging scenario for services companies to dif-ferentiate and be relevant for customers although they areindividuals or organizations. The subject will cover how tobuild a competitive advantage in services companies witha process of classifying the activity, the environment andspecially the expectations generated previous the use ofthe service for the customer which is key to deliver the ade-quate approach to increase satisfaction thus loyalty, efficiencyand repetition.

MARKETING I6 ECTS

SERVICESMARKETING

3 ECTS

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Business Communication subject aims to leverage student’scommunication skills in the entrepreneurial and professionalworld and provide them with information and abilities towork in the corporate communication and business com-munication environment. This course may not be takenin combination with Business Communication II (SpringSemester)

Finance

The aim of this course is to provide the students with asound introduction to the uses of mathematics in busi-ness and personal finance applications.

Emphasized learning outcomes from the study of this moduleare among other, to be able to solve problems with simpleand compound interest, as well as with annuities. As wellas to enable students to apply it to real life situations suchas home-loans, bonds and capital budgeting decisions.

The purpose of this course is to explain how different financialmarkets work and to analyze investment decisions. Inparticular, we are going to see the next topics:1. Study the concept of risk on the financial markets (riskvs. return).

2. Create optimal investment portfolios as a function of therisk-return utility of the investors.

3. Choose among alternative investments based on theavailable financial information.

4. Analyze the main characteristics of fixed-income and deri-vatives products.

5. Learn how to use Excel and GRETL as a tool for financialdecisions.

BUSINESS COMMUNICATION I6 ECTS

FUNDAMENTALS OF FINANCE6 ECTS

INVESTMENTS IN FINANCIAL MARKETS6 ECTS

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FIRST [FALL] SEMESTER OFFERINGS

CORPORATE FINANCE6 ECTS

METHODS FORVALUATING FIRMS

6 ECTS

RISK MANAGEMENT6 ECTS

This course is designed in the following broad areas so thatstudent will be able to:- Apply financial concepts and theories learned in earlierfinance courses to a broad range of practical problemsand case studies aimed at consolidating their technicalknowledge and skills in finance.- Extend their technical finance knowledge and practicalexperience by dealing with other important corporatefinance topics such as valuation, capital structure, andfinancing.- Develop team skills as well as holistic and ethical valuesin finance.

Through the extensive use of business cases this coursedevelops skills in Corporate Finance, specifically: cash-flowprojections, market risks, cost of capital, effects of leverage,valuations and decision making in finance. The student willbe provided with different tools and techniques for determiningthe value of any asset. The participants of this course areencouraged to thoroughly prepare the case at home anddiscuss it in every session.

This course aims to provide student the tools to recognizethe most important types of financial risks affecting thecompanies: market risk, credit risk and operational risk,theprincipal methods for measuring and hedging these risks.The course helps students to improve their analytical skillsand logical reasoning, their work-time management andthe ability to cope with deadlines and to set out and solvecomplex problems and real cases of risk management. Thecourse will also introduce to the student the vocabularyused by the financial industry and regulators.

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Economics

Calculus I is a first course in the calculus sequence. To-pics include a discussion of limits, derivatives, and theirapplication to the analysis of a function, an overview ofintegration, basic techniques for integration, a variety ofapplications of integration, and the use of software. Inthis course, students must acquire certain mathematicalknowledge and skills that will constitute the backgroundnecessary for the understanding of the subsequent mathand economics courses.

The objective of this course is to offer tools from statisticalinference to analyze practical problems in Economics andManagement.

Transversal skills:- Develop logical reasoning.- Capacity to be analytical and synthetic.- Capacity to handle tasks and time management.- Capacity to learn by oneself.

Specific skills:- Know the use and general objectives of statistics.- Know how to distinguish different types of variables.- Know how to summarize the information of the variablesthrough graphics, tables and basic descriptive statistics:mean and variance.- Calculate point estimates of the basic statistics of a sam-ple.- Perform hypothesis tests on the basic statistics of a sam-ple.- Analyze relationships between two variables.- Know how to use computer programs (R in particular).

CALCULUS I6 ECTS

PROBABILITY AND STATISTICS I6 ECTS

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FIRST [FALL] SEMESTER OFFERINGS

“Principles of Microeconomics” is your first contact witheconomic theory. Therefore, it forms the basis on whichyour future studies of Microeconomics, and to a lesserextent of Macroeconomics build. In this course you willunder-stand how economists perceive and study the realitythat surrounds them. In particular, you will study in a rigorousand mathematical way the decisions taken by individualsand the interaction of individuals and firms in markets. Thiscourse is oriented towards first year students of Economicsand Management.

In this class we will consider the strategic behaviour of firmswithin the various industry organizations, as well as its con-sequences for market efficiency and the advantages ordisadvantages of government intervention. In particular,some of the questions we will address are: are mergersconvenient? Are firms likely to lower prices to prevent entry?Is more information about prices better for competition?Are antimonopoly regulations effective? Is government regu-lation beneficial or detrimental?

The course Labour Economics is designed to cover issuesboth at the firm level (personnel economics) and at themarket level (economics of the labour market). The aim ofthe course is to introduce students to the study of modernlabour economics and it is focused on topics related tofrictional labour markets. This approach is emphasised inthe section of the module which covers labour market out-comes, but wherever possible topics have been includedin the section dealing with personnel economics.

TOPICS IN ECONOMICS I:

LABOUR ECONOMICS 3 ECTS

INDUSTRIAL ORGANIZATION

6 ECTS

PRINCIPLES OFMICROECONOMICS

6 ECTS

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MACROECONOMICS:THEORY AND POLICY6 ECTS

INTERNATIONAL TRADE6 ECTS

Students will learn to understand the fiscal and monetarypolicies designed to attain the main macroeconomic objectives:economic growth and price stability. The methods andmodels taught in class will be explained in the context ofrelevant historical and present-day examples.

The student must acquire the following theoretical kno-wledge:- Demand models- Supply models- Interaction AD/AS- Theories about growth. Evidence.- Determinants of economic cycles.- The student should be able to apply that knowledge to beable to evaluate, from an economic point of view, therelevant historical macroeconomic experiences.- The student should be able to apply that knowledge to beable to appropriately conduct an analysis of current events

The course is focused on the study of international trade.By analyzing the evidence on countries’ behaviour regardingforeign trade and the study of several economic theorieson this topic the student will understand the pattern of tradebetween countries. The student will be able to understandthe importance of international trade in current economiesas well as to get a solid knowledge of some theoreticalmodels of international trade and learn about some of themost controversial issues around international trade, startingfrom the classical discussion of free trade versus protectionism.One of the objectives of this course is to help the studentto reach a rigorous and well informed opinion about theseissues.

Second [spring] semester offerings

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PRINCIPLES OF BUSINESS ADMINISTRATION6 ECTS

BUSINESS ETHICS6 ECTS

TOPICS IN BUSINESSAND ETHICS II3 ECTS

Management and Marketing

The overall objective of this subject is to provide studentsthe basic concepts concerned with the firm, as well as toidentify its functional areas and major decisions. Oncecompleted this course, the student should have acquiredknowledge about how a company is directed and mana-ged. For this purpose, it is intended to make an introduc-tory review of the management functions whilehighlighting important issues such as the nature of thefirm, its environment, and associated tools for decision-making.

Business ethics almost always hits the headlines in thewake of scandals, but hardly ever when entrepreneurs andmanagers do good deeds. These are often met with a scep-ticism difficult to eradicate for, given the profit motive, suchstories are just “too good to be true”. Why so? After a shortintroduction to the origins and development of businessethics, this course will present a more constructive approachbased on the notion of “moral capital” or virtue. We shallalso explain how the firm, through the proper ethical pers-pective, could actually be a potent force toward attainingthe common good of society.

The economic and business environment, in which themajority of companies operate, has changed dramaticallyover the last years. This has led to significant changes inthe way companies are run, and the way they include newmanagement skills and competences. This course focuson some of them: Reputation, Brand Value, Innovation, Posi-tioning, environment and ethics.

[16] SECOND [SPRING] SEMESTER OFFERINGS

The course offers a basic introduction to human resourcemanagement (HRM). Topics included: Importance of HRand HR management strategy, trends in HR, work designand job analysis, human resource planning, recruitment,selection, training and development, performance appraisaland compensation.The course also offers an overview of organizational behaviourtopics: Organizational culture, motivation, leadership,teamwork, conflict resolution, communication, changemanagement, diversity management, time management,decision making and emotional intelligence.

The main goal of this course is to analyze how EconomicTheory can be used to understand crucial aspects of orga-nizations. In order to analyze the main features of organizationswe will use, at the theoretical level, techniques developedin Game Theory and at the empirical level we will use Expe-rimental Economics tools. We will first present the existingtheories of the firm before analyzing in a second part theboundaries of organizations. In the third part of this coursewe will use principal-agent models in order to derive a theoryof incentives setting in firms. We then draw on the previousmodels to analyze issues of cooperation in organizations.The approach is both empirical and theoretical. This coursewill make extended use of microeconomic theory as wellas experimental Economics. Thus, prior knowledge of Micro-economics is required.

HUMAN RESOURCES6 ECTS

ORGANIZATION THEORY6 ECTS

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Operations Management is a subject in which the OperationsSystem of the company is analyzed. The Operations Systemincludes all the activities and decisions related to the designand production of products and services in a company. Inthe case of production companies, the Operations Systemsconcerns especially decisions related to the flow of materials.The Operations System is a key area to ensure the com-petitiveness of a company, so their understanding is veryimportant for comprehensive understanding of the com-pany.

Marketing II is focused on the daily business of marketing,using marketing mix management and making a focus onthe consumer approach trough research and services mar-keting. The subject is divided in three parts which aremarketing mix strategies and tools, consumer understandingthrough research and marketing applied to services. Consumerbehaviour and strategies that don’t fit with people’s desiresand preferences are the most common problems in marketingdepartments where market research can help to re-definestrategies and product mix.

The International Marketing Management Course looks forproviding the students with relevant management andanalytical tools for performing in an international marketinglandscape. Based on a Business Cases Method is deliveredon a full time single week format with special emphasis onindividual, group and case discussion work. Main topics tode discussed are Branding, Export, Distribution Channelsand Social Media Management.

MARKETING II6 ECTS

INTERNATIONALMARKETING3 ECTS

OPERATIONSMANAGEMENT6 ECTS

[18] SECOND [SPRING] SEMESTER OFFERINGS

The overall objective of this subject is to understand thecentral significance of policy and strategy to top managersand their organizations. For this purpose, it is analyzed howenvironments, external and internal, affect the functioningof an organization -and the associated methods to assurethat policies and strategies are implemented.

The course challenges you to think critically about globalmarketing. As such, rote learning of terms and conceptsis not sufficient; you are prepared to take the executive’sseat in managing business in global markets. Specifically,the course is designed to provide you with (a) familiaritywith the problems and perspectives of marketing acrossnational boundaries and with those within foreign countries;(b) insights into environmental perspectives of doing businessoutside the home country; (c) analytical ability to make mar-keting decisions facing all firms (exporters, licensor/licensee,joint venture firms, firms with overseas subsidiaries) engagedin business overseas; (d) understanding the particularchallenges of marketing in emerging markets, (e) knowledgeof tools and practices for structuring and controlling marketingprograms on a global basis, and (e) discussion of thepossibilities and limitations of the Internet in conductinginternational marketing. CANCELLED

SEMINARS IN ADVANCED MARKETING:

“GLOBAL MARKETINGMANAGEMENT WITHFOCUS ON EMERGING

MARKETS”3 ECTS

BUSINESS POLICY6 ECTS

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The objective of this course is to provide the student witha thorough understanding of how to analyze business cases,and how to effectively present their analysis. Emphasis willbe placed on oral presentation of case analysis and recom-mendations. Students will participate in a time-limited casepreparation and presentation format. The aim of the courseis to develop students’ skill in solving case studies fromreal business in teams and improve their presentation skills.This course will give the students fundamental knowledge,skills and practice in preparing and presenting case studiesfor classes and the real world (and possibly case competitions).This course will explore ways that can better prepare thestudents for case studies including professor coaching, pre-paration and presentation feedback, debating, persuasivecommunications and cross-discipline work. Students willacquire presentation, leadership, team building, analyticaland logical thinking skills.

Business Communication subject aims to leverage student’scommunication skills in the entrepreneurial and professionalworld and provide them with information and abilities towork in the corporate communication and business com-munication environment.This course may not be taken in combination with BusinessCommunication I (Fall Semester)

BUSINESS COMMUNICATION II6 ECTS

BUSINESS CASEANALYSIS3 ECTS

[20] SECOND [SPRING] SEMESTER OFFERINGS

Finance

Why is there a sovereign debt crisis in Europe? What arethe factors behind the Dollar/Euro exchange rate determi-nation? What is the relation between European, Ameri-can and Japanese Interest Rates? What is the reasoningbehind monetary unions? What is a balance of pay-ments crisis? What are the advantages of adopting afixed exchange rate? Do speculative bubbles exist in theexchange markets? How did the euro come into place?International Finance addresses these types of questionsand more. The class is intended to familiarize the studentwith the structure and functions of the foreign exchangemarket. Additionally students will analyze the dynamicbehaviour of exchange rates and both their real and no-minal macroeconomic effects.

One of the main responsibilities of financial departmentsis the financial control of operations what it is essentiallythe drawing up of a budget and its control.The objectives of the course are to introduce to the studentsthe most relevant aspects of budgeting and budgetarycontrol, to familiarize them with the budgeting process ofthe different departments in a company and to understandthe function of a budget as a management tool.

In a globalized economy, the capital markets around the worldmust provide high-quality and homogeneous across countriesfinancial information, fulfilling the needs of their users and regulators.The International Financial Reporting Standards, due to their largeinternational acceptance, represent the language able to meetthis purpose. The main goal of the course is to guide the studentsto the application of international accounting principles andtechniques in real world situations. It also offers a principle-basedapproach of the financial reporting standards environment.

INTERNATIONAL FINANCIAL REPORTING

STANDARDS (IFRS)6 ECTS

INTERNATIONALFINANCE6 ECTS

BUDGETING CONTROL

6 ECTS

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The course provides an introduction to the financial derivativesproducts and also discusses some topics related to theirpricing, trading strategies involving derivatives, a few specificderivatives (e.g. exotic options, interest rate derivatives,credit derivatives), and risk management of portfolios withfinancial derivatives.

The goals of the course are to provide the student with the basicknowledge of the current international financial market andbanking products, practice the most important techniques ofthe decision making related to the abovementioned productsand make the student read and understand the financial articlesof the day-to-day international financial press.

The purpose of this course is to explain how different financialmarkets work and to analyze investment decisions. Inparticular, we are going to see the next topics:- Study the concept of risk on the financial markets (risk vs.return).- Create optimal investment portfolios as a function of therisk-return utility of the investors. - Choose among alternative investments based on theavailable financial information.- Analyze the main characteristics of fixed-income and deri-vatives products.- Learn how to use Excel and GRETL as a tool for financialdecisions.

FINANCIAL DERIVATIVES 6 ECTS

FINANCIAL MARKETS3 ECTS

INVESTMENTS IN FINANCIAL MARKETS6 ECTS

[22] SECOND [SPRING] SEMESTER OFFERINGS

This course is designed in the following broad areas so thatstudent will be able to:- Apply financial concepts and theories learned in earlierfinance courses to a broad range of practical problemsand case studies aimed at consolidating their technicalknowledge and skills in finance.- Extend their technical finance knowledge and practicalexperience by dealing with other important corporatefinance topics such as valuation, capital structure, andfinancing.- Develop team skills as well as holistic and ethical valuesin finance.

This is a course on financial instruments, financial marketsand trading with an emphasis on topics such as optimaltrading strategies for typical trading problems, mechanismsof how information is impounded in prices, mechanismsto improve the information aggregation process, avoidanceof market failures, sequential trade models, inventory controland empirical study of dealer inventories, market impact,models of informed and strategic trading, and limit ordermarkets.

CORPORATE FINANCE6 ECTS

SEMINARS IN ADVANCED

FINANCE: “FINANCIALINSTRUMENTS,

FINANCIAL MARKETSAND TRADING”

3 ECTS

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Economics

The aim of this subject is to provide techniques of calcu-lus with functions of several variables necessary foranalyzing economic problems. At the end of the coursethe student will be able to:

- Extend the concepts of one variable functions to severalvariables.- Understand the fundamental tools of calculus with functionsof several variables.- Pose and solve static optimization problems with andwithout restrictions.- Complement the theoretical tools learned using appropriatesoftware to solve problems and exercises.- Apply all the acquired concepts to economic problems.

This course introduces some issues of statistical inferenceand modelling. After completing the course, students willlearn basic ideas of hypothesis testing, analysis of varianceand simple linear regression. Students will also learn howto apply some Statistical tools to Economics and Businessproblems.

This is a course on time series analysis. We start defininga stochastic process along with the properties of stationaryand invertibility. We introduce the Wold decompositiontheorem and present the different ARMA models. We studythe properties of each ARMA model and present differentmethods to estimate the parameters associated to themodels. Likelihood-based tests are also discussed and amodel selection strategy based on Box and Jenkins’s metho-dology is studied. Seasonality is also presented. Forecastingissues are examined in another chapter. Structural timeseries models, no stationary models, unit roots, co integration,long memory and other issues are examined in the finalchapters.

PROBABILITY ANDSTATISTICS II6 ECTS

TIME SERIES6 ECTS

CALCULUS II6 ECTS

[24] SECOND [SPRING] SEMESTER OFFERINGS

The objective of the course is to introduce the basic conceptsand tools used in macroeconomic analysis. In this coursethe student will learn how to use and compare differenteconomic models to analyse and understand currenteconomic issues. The course studies the functioning of theaggregate economy both in the long run and in the shortrun, and covers many of the issues that dominate the the-oretical and political debate: unemployment, inflation, growth,etc.

Global Political Economy is designed as an introduction tothe main ideas, trends, events and forces which shape thepolitical, institutional and social framework in which theworld economy develops. For this purpose the course takesa multidisciplinary approach combining questions fromdifferent social sciences such as economics and politicalscience. This analysis will help students develop a criticalunderstanding of the new reality of the world economy,which some define with the sole word "globalization" butwhich has many different sides to it. During the course weshall address the role and position of the economies ofSpain and Europe in this global framework.

GLOBAL POLITICALECONOMY

6 ECTS

PRINCIPLES OFMACROECONOMICS

6 ECTS

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Why do international stock markets react to lower interestrate setting by the U.S. Federal Reserve? What are the dif-ferences between the ECB and the Federal Reserve monetarypolicy? What is the relation between monetary policy andthe 2008 financial crisis? What is the relation betweeninterest rates, GDP and inflation? What is the differencebetween expected and unexpected monetary policy actions?What to do when interest rates are close to zero and theeconomy needs an expansionary monetary policy? Whatis quantitative easing? How does the transmission mechanismof monetary policy work through the banking system? Howdoes asymmetric information influence credit policies bybanks? What is systemic risk and what was its role in thefinancial crisis? Why can banks collapse and what is theeffect in the overall economy? How can Central Banks avoidbank runs and mitigate systemic risk? “Money, credit, andthe financial markets” deals with all these issues and somemore. The class is intended to familiarize the student withthe monetary policy strategy, implementation and effects,as well as the role of banks in our economies as (1) trans-mission mechanism of monetary policy (2) providers ofliquidity to the private sector and engine of growth.

The course provides the student with an overview of Inter-mediate Microeconomics. This course covers a wide rangeof topics, starting from the analysis of competitive markets,and including also monopoly, oligopoly, game theory, uncer-tainty, general equilibrium and market failure. The courseaims to provide the student with a sufficient knowledge tounderstand economic models and apply mathematical toolsto the economic analysis.

MONEY, BANKINGAND FINANCIAL MARKETS6 ECTS

MICROECONOMICS:THEORY AND POLICY6 ECTS

[26] SECOND [SPRING] SEMESTER OFFERINGS

The objectives of the course are to introduce to the studentsthe most relevant economic and management aspects ofDevelopment Cooperation and to familiarize them with themain national and multilateral institutions that finance coo-peration projects Moreover, the course gives directions incoping with complex structures of decision-making andproject management as well as guidance to the studentsin order to develop a capacity for practical analysis and criticalreasoning on development issues and sustainable growthof developing countries.

In Sport and Brands we will provide a business and economicanalysis of professional sports, as well as the economiclessons we can obtain from analyzing the organization andbehaviour of sport competitions. The focus of this subjectis mainly oriented business related issues, like sponsorshipand branding. We will concentrate our analysis in leadingsport competitions and sport events mainly from a Europeanperspective.

SPORT AND BRANDS3 ECTS

DEVELOPMENT ECONOMICS

6 ECTS

Other coursesavailable inenglish*

[29]

SCHOOL OF HUMANITIES

Fall semester

LANGUAGE AND COMMUNICATION Course credits: 6 ECTSThis course explores the various ways human beings exploitlanguage for distinct communicative ends. The coursebegins with a review of the building blocks of language andthen examines the use of more abstract para- and extra-lin-guistic aspects of language. Next, the principle tenets ofSociolinguistics will be discussed. Both Correlational Socio-linguistics as well as the Sociology of Language will beexplored. Additionally, the concept of bilingualism and thecommunication of human emotions will be studied.

ANTHROPOLOGY (Annual) Course credits: 6 ECTSThis course seeks to study what is common to all humanbeings, that is, their nature, from a philosophical perspective,from the viewpoint of common first principles (archai) anda shared final end (telos). Insofar as the philosophical pers-pective should be open to inputs from other sciences, weshall pay special attention to contributions from ModernHappiness Studies and biotechnology regarding eudaimoniaor the perfection of human nature.

WORLD LITERATURECourse credits: 6 ECTSThis course tries to convey fundamental notions concerning themost important ages, trends and authors of literature within theWestern World. The approach is basically chronological. Thus,the program deals with of successive periods – Ancient World,Middle Ages, the Renaissance, Modern Times – although in thelast few topics the different genres will be treated separately.The most relevant and significant literary works of those ages,trends and genres will be analyzed.

* These courses are subject to admission requirements and time-table and capacity constraints.

[30] OTHER CLASSES OF POSSIBLE INTEREST

HISTORY AND MEMORY Course credits: 6 ECTSHistory and Memory is an introductory course. It aims atunderstanding a set of historical concepts through differenthistorical periods. It also provides first year students withthe necessary skills and abilities to enroll in further specializedcourses. What history is will be explained while analyzingthe most relevant historiographical models that have attemptedto interpret history. Students will learn to use different toolsfor historical research and also, the most important questionsof each historical period will be answered.

LANGUAGE LEARNING & ATTENTION TO LINGUISTICDIVERSITY Course credits: 6 ECTSThis course is designed to enhance the student’s theoreticalknowledge regarding second language acquisition and thepedagogical practices which foster effective teaching ofsecond languages. Practical pedagogical techniques centeredround second language teaching methodologies are alsostudied. The course is divided into four thematic sections:first language acquisition, second language acquisition,issues in second language learning which impact theclassroom and learning models and teaching methodolo-gies.

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Spring semester

ENGLISH LANGUAGE Course credits: 6 ECTSThis course seeks to provide university students with anin-depth knowledge of diverse areas of English and its deve-lopment into a global “lingua franca”. Students will acquirebasic concepts in linguistics and phonology aimed at improvingtheir oral and written control of the language. They will alsoacquire basic academic reading, writing and speakingacademic skills.

IMAGES AND CULTURECourse credits: 6 ECTSThe Image and Culture program aims to provide studentswith a thorough understanding of the fine and decorativearts from the Middle Ages to the present day. It emphasizesthe importance of visual analysis and an understanding ofmaterials, techniques and quality in matters of identification,attribution and connoisseurship. Works of art are examinedin relation to their social as well as their art historical context,and collecting and patronage form an important elementof the subject.

SOCIOLOGYCourse credits: 6 ECTSThis course is a theoretical introduction to the fundamentalconcepts of the social sciences today: its object of study,its methodologies and different investigation techniques.Also the most important sociological theories will be explained.The course will try to show how problems related to sociologyaffect our modern world.

[32] OTHER CLASSES OF POSSIBLE INTEREST

BRITISH AND AMERICAN LITERATURECourse credits: 6 ECTSThis course aims to identify different forms of literature inthe English language, literary genres and styles. In additionthe student should be familiar with basic critical techniquesand strategies.

HISTORY AND CULTURE OF THE ENGLISH SPEAKINGWORLDCourse credits: 6 ECTSIn this course the student will learn how the English SpeakingWorld developed once colonization on the American continenttook place. In addition, the student will have an outlook toimperialism and to the different colonies the English peoplefounded on Africa and Asia, such as India.

BUSINESS ETHICS Course credits: 3 ECTSAfter a short introduction to the origins and developmentof business ethics, this course will present a more constructiveapproach based on the notion of “moral capital” or virtue.We shall also explain how the firm, through the properethical perspective, could actually be a potent force towardattaining the common good of society.

ARTS EDUCATION PROJECT Course credits: 3 ECTS

THINKING-BASED LEARNING Course credits: 3 ECTS

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SCHOOL OF LAW

Fall semester

INTRODUCTION TO ANGLO-AMERICAN LAW AND CASEANALYSISCourse credits: 3 ECTSThe fundamentals of the American legal system. Considerationwill be given to the role of judicial review, the common lawmethodology.

U.S. CRIMINAL LAWCourse credits: 3 ECTSIt examines the general aspects of criminal liability, includingthe purposes of punishment, the concepts of act andomission, the mental element, complicity, causation,justification and excuse.

U.S. TORT LAWCourse credits: 3 ECTSIt examines civil liability for causing harm to persons andtheir interests in property, including intentional and unintentionalinjuries. It will also cover product liability and other areas ofinterest.

U.S. TAX LAWCourse credits: 3 ECTSIt provides an overview of the federal tax system with specialconsideration for personal income taxation and corporatetax. Attention will be given to the international aspects oftaxation such as tax treaties.

[34] OTHER CLASSES OF POSSIBLE INTEREST

INTRODUCTION TO ACCOUNTING FOR LAWYERSCourse credits: 3 ECTSAccounting techniques to introduce the legal and financialbusiness context.

INTRODUCTION TO INTERNATIONAL COMMERCIAL LAWCourse credits: 3 ECTSA study of multinational companies operation. The fundamentalcharacteristics of International commercial contracts.

INTERNATIONAL CORPORATE LAWCourse credits: 3 ECTSRegulation of the principal financial markets, commonscenario for international corporations.

LEGAL ASPECTS OF INTERNATIONAL FINANCE ICourse credits: 3 ECTSRelevant legal aspects of the main financial structuresessential to managing mergers and acquisitions, syndicatedloans, etc

SEMINARS:

Legal Traditions of the World Course credits: 1 ECTSAn overview of the different legal systems of Asia, Africaand Europe.

Anatomy of the Investment Arbitration Course credits: 1 ECTSIntroduction to the international law on Investments andthe resolution of international conflicts.

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Introduction to Islamic Law Course credits: 1 ECTSAn approach to the law in the Islamic countries throughoutthe world.

Chinese law and investment lawCourse credits: 1 ECTSAn analysis of the new investment law in China and thecurrent trends of investment.

Spring semester

U.S. CONSTITUTIONAL LAWCourse credits: 3 ECTSIt focuses on the main contents of the American Constitution,including the separation of powers, national checks andbalances, federalism as well as the roles of the state andfederal governments. Areas of special interest includeprinciples and Amendments of the U.S. Constitution.

U.S. CONTRACT LAWCourse credits: 3 ECTSIt covers the fundamentals of consensual liability. Considerationis given to contract formation, interpretation, performance,breach and remedies. It also provides an overview of differenttypes of contracts.

U.S. LITIGATION AND DISPUTE RESOLUTIONCourse credits: 3 ECTSIt focuses on the process of investigating, developing andpresenting a case before the courts. Consideration is givento interpretation, argumentation and other aspects of trialstrategy.

[36] OTHER CLASSES OF POSSIBLE INTEREST

U.S. BUSINESS AND CORPORATE LAWCourse credits: 3 ECTSIt is focused on the laws governing business organizations.Contents are mostly dedicated to corporations, includingformation, organization and corporate governance issues.Also of interest: mergers and acquisitions.

INTRODUCTION TO FINANCE FOR LAWYERSCourse credits: 3 ECTSIntroduction to the financial framework of a corporation,financial statement analysis, valuation principles andtechniques, etc.

INTRODUCTION TO TRANSPORT AND PAYMENT LAWCourse credits: 3 ECTSA study of the harmonisation of international commerciallaw and relevant problems of private international law, andinternational dispute settlement. The key ancillary contractsfor the financing of trading activities, transportation of goodsto their place of destination and insurance of the cargo.

INTERNATIONAL SECURITIES REGULATION Course credits: 3 ECTSAn overview of securities regulation and connected corporategovernance topics from a comparative perspective.

LEGAL ASPECTS OF INTERNATIONAL FINANCE IICourse credits: 3 ECTSSelected topics in debt finance and private equity transac-tions

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SCHOOL OF COMMUNICATION

Fall semester

COMMUNICATION HISTORYCourse credits: 3 ECTSThis course is about History of Communication fromGutenberg to the Internet

COMMUNICATION SKILLS FOR JOURNALISTSCourse credits: 3 ECTSEnglish for Journalists

COMMUNICATION SKILLS FOR PR AND ADVERTISINGCourse credits: 3 ECTSEnglish for PR & Advertising

AMERICAN CINEMACourse credits: 3 ECTS

Spring semester

EFFECTIVE SPEAKING AND WRITINGCourse credits: 3 ECTSThis course aims to prepare the students to use English asan essential tool for the different communication study pro-grams (Journalism, Advertising and Public Relations andBroadcasting and Film Studies), as well as for participationin international exchange programs. It will assist them tounderstand texts and conferences about general and scientifictopics, to improve their oral and written expression in Englishin an academic and professional environment and to preparepublic presentations and Q&A sessions.

[38] OTHER CLASSES OF POSSIBLE INTEREST

GLOBAL COMMUNICATIONCourse credits: 3 ECTSGlobalization in media and its audiences and its effects

MEDIA PLANNING AND BUYINGCourse credits: 3 ECTSStrategic role of media planning and buying for advertisingcampaigns

STRATEGIES IN FASHION COMMUNICATIONCourse credits: 3 ECTSFashion products creation process and communication toolsfor fashion world

INTERNATIONAL RELATIONSCourse credits: 3 ECTSThe study of some of the major issues of globalization:What is at stake? Who are the main players? How are theseissues treated in the media?

CONVERGENCECourse credits: 3 ECTSThis course focuses on analyzing newsgathering, productionand distribution of multimedia news content from the pers-pective of daily activity and long-term strategic planning innewsrooms, exploring the changes that both languagesand professional skills are undergoing in the context of digi-tization.