UNIVERSIDAD INCA GARCILASO DE LA VEGA 1.

6 Microeconomics and Macroeconomics

FACULTY OF ADMINISTRATIVE SCIENCE AND ECONOMICS SCIENCE
1.7 Economy problems.
PROFESSIONAL CARREER OF ADMINISTRATION 1.7.1. Scarcity.
PROFFESSIONAL CARREER OF ECONOMICS 1.7.2. Unlimited needs.
1.7.3. Production alternatives and full use of ressources.
SILLABUS 1.7.4. possibilities of production curve.
1.7.5. Diminishing returns and increasing social expenses.
I. GENERAL INFORMATION: 1.8 economic system.
1.8.1 Economic units
COURSE CODE CREDITS SEASON 1.8.2. Economía cerrada: private sector and public sector.
1.8.3. open economy: international sector.
E-001 04 I
ECONOMICS 1.8.4. Market economy system.
1.9. Market structure.
PRE-REQUISITE CURRICULA: 2007 1.9.1. Perfect markets.
1.9.2. Imperfect markets.
-.- DURATION: 17 WEEKS
1.9.3. Informal markets.
WEEKLY HOURS: 5
2. UNIT: “DEMAND, SUPPLY AND EQUILIBRIUM”
THEORY: 3 PRACTICE: 2 2.1.The demand.
2.1.1 Concept.
II. OVERVIEW 2.1.2. Elements affecting the demand.
The course is oriented to provide the economic concepts, scientific and empirical basic 2.1.3. Consumer behavior.
knowledge that will allow to propose solutions to economic and social problems. Studied in this 2.1.4. Movement of the demand curve.
course: the concept of economics, the economic problem, economic systems, market structure, 2.1.5. Elasticity.
the demand, the supply, elasticity and economic equilibrium; Corporation: Production and costs: 2.2.The supply
The macroeconomic variable, The enconomical function of the State, the international commerce 2.2.1. Concept.
and the role of money in the economy. 2.2.2. Elements affecting the supply.
2.2.3. Movement of the supply curve.
III. OBJETIVES 2.2.4. Elasticity
A. GENERAL: 2.3.Market equilibrium
At the end of the course the student will be capable of understand main problems of the 2.3.1.Concept, presentation.
economy and propose solutions to the questions “What”, “How” and “For whom” in the 2.3.2. types of equilibrium.
current modern economy. 2.3.3. Equilibrium and the changes on the demand and supply.
B. SPECIFICS
At the end of the course the alumni will be capable of:
1.Understand the field of economic science and identify problems and how the economic 3. UNIT: “PRODUCTION ORGANIZATION AND COSTS OF PRODUCTION”
economical factors solve them, in reference to the Ecnomic System in force. 3.1.Corporation and production.
2.Understand and explain the formation of prices through demand and supply, economic 3.1.1. Types of corporation organization.
equilibrium situations and elasticity. 3.1.2 Production in short and long term.
3.Explain the necessity to diagnose the reality in order to explain an effective bussiness 3.1.3. Economic theories and modern corporations.
politic to reach the highest benefit and optimize the satisfaction of needs in society. 3.2. Production costs.
4.Analize the impacts of the monetary supply in the economy and the economic variables. 3.2.1. Expenditure of corporations.
5.Indicate the role of the State as promoter of the economy of development, the 3.2.2. Costs in short and long term.
management of public finances and the role of international organizations. 3.3.The equilibrium of corporations: Costs, income and benefits.
6.Determine the importance of foreign trade of primary ressources and of added-value
goods.. 4. UNIT: “MACROECONOMICS”
7. Learn from the experience of other succesfully developed countries and compare it with Concept, field of action, macroeconomic agents and markets.
the reality of Peru. Main macroeconomic variables:
4.2.1. G.D.P., types and importance, characteristics.
IV. THEMATIC CONTENT: 4.2.2. National Revenu.
4.2.3. Expense, demand, global supply
1. UNIT : “THE ECNONOMIC SCIENCE” Gross domestic product
1.1.Definitions. 4.3.1. National G.D.P., real and potential, calculations and operations.
1.2.Objective. 4.3.2. G.D.P. by type of expense, importance and how it is determined.
1.3.Methodology of the economy. 4.3.3. Main indicators related with the G.D.P.
1.4.Historical evolution as a science. Macroeconomic equilibrium, characteristics and importance.
1.5.The descriptive economy, economy theory and economical politics. Main relations product-income.
 5. UNIT: “THE ECONOMICAL ROLE OF THE STATE” - The final passing mark (NPR) of the course is obtained by taking the average of the
5.1. The state and the economic activity. practives grades and the E1 and E2 exams:
5.2. The expenditure and revenu of the public sector.
5.3. The public budget and fiscal politics.. PRACTICES NOTES (NP) = P1 + P2
5.4. The financing of the public deficit and the fiscal politics. 2

6. UNIT: “INTERNATIONAL TRADE” FINAL PASSING MARK (NPR) = NP + E1 + E2

6.1. Main elements of the International trade. 3
6.2.Principles of the comparative advantage and international trade.
6.3. The tariff. VII. BIBLIOGRAPHY:
6.4. Market shares, non-tariff barriers to trade and subsidies to exports.
6.5. Balance of payments. a. BASIC N
6.6. Exchange rate/currency trading.
6.7. The systems of fixed, variable and free exchange rate. • DYKE CHARLES E.- Filosofía Economíca.- Argentina, Paidos, 1983
• WONNACOTT PAUL – WONNACOTT RONALD.- Economía.- McGraw Hill.- España.-
7. UNIT: “ROLE OF MONEY IN THE ECONOMY”
7.1.Money: Roles,, origin and tipology. Edición 4ta., 1992.
7.2.Central Bank, its functions. • MOCHON E.- ISIDRO R.- FERNANDEZ CABRERA G. Ejercicios de Economía Básica.-
7.2.1. Monetary base, Money supply and money multiplier.
7.2.2. Factors of expansion and contraction of the monetary base. McGraw Hill.- España.- Edición 1ra. , 1993.
7.2.3. Regulation of money supply. • CASE KARL E.- FAIR RAY C.- Fundamentos de Economía.- Prentice Hall.- España.-
7.2.4. Exchange market.
7.3.The financial system. Edición 2da., 1992.
7.4.Banks and the creation of money.
• LARROULET VIGNAU CRISTIAN - MOCHON MORCILLO FRANCISCO.- Economía.-
7.5.The financing of the economy y the financial intermediaries.
7.6.Inflation, recession and depression.. McGraw - Hill.- Edición 1ra.- 1995.
7.6.1. Inflation rate and price level.
• PASCHOAL ROSSETTI JOSE.- Introducción a la Economía. Enfoque
7.6.2. Inflation and the value of money.
7.6.3. The economic cycle.. Latinoamericano.- Harla México.- Edición 7ma., 1985.

V. METHODOLOGY • SAMUELSON PAUL - NORDHAUS WILLIAM D.- Economía.- McGraw Hill.- España.-
Prioritize the testimonial, participative and direct studies as well as the inductive, deductive Edición 14va., 1995.
and analitic studies, searching for a balance in the transmision of conceptual and
procedural knowledge for a significant learning process. The use of techniques of work b. COMPLEMENTARY(for after-class studies):
field, analysis of lectures and comment of texts will be aplied. • MILLER ROGER LE ROY.- Microeconomía Moderna. 1995. Mc. Ls. 1995. Harla
México.
• PARKIN MICHAEL.- Micreconomía.- Addison wesley.- U.S.A.- Edición 1ra.
VI. EVALUATIONS
∗ 1995.
The evaluation sistem considers the following bi-annual evaluations: • PARKIN MICHAEL.- Micreconomía.- Addision Wesley. U.S.A.- Edición 1ra.
• 2 Practices (one mandatory practice and one general ) 1995.
• Exams (Mid-term and Final) • EMERY DAVID.- Principios de Economía.- Macroeconomía.- Teorías y
- The mandatory practice (P1), is anonymous and is performed on small notebooks with a Práctica.- SITESA, México.- Edición 1ra. 1994.
detachable edge. • BCR.- Moneda, revista mensual.
- The general practice (P2), is administrated by the proffesor and includes an average of • BCR.- Memoria, revista anual.
the different evaluations the professor takes into consideration to ensure each of the • PERÚ EN NÚMEROS.- Richard webg y Graciela Fernnades Baca.- Informe
academic units is learned. Estadístico Anual.
- The exams (E1 y E2), iclude the Mid-term Exam (E1) which will be taken at the end of
the second month of the academic Season and the Final Exam (E2) which will be taken at
the end of the academic Season.
- The grade scale goes from 0 to 20, the half point will be in favor of the alumni. The **********************************
minimal passing grade is eleven (11).

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The evaluation of the learning process, constitutes a permanent and comprehensive process of
achievements measurement based on the academic objectives stablished at a syllabus
level or extended objectives, of study fields and mid objectives and finally at a results
and objectives level in terms of the profile of Graduate in Administration and Economists
(Licensiado en Administración y Economistas).