Ec ECONOMICS AND
FINANCE
Ec00000. SEMINAR ON ECONOMIC, POLITICAL AND SOCIAL ANALYSES
Students receive an introduction to the national and international environment in which companies are immersed and which affects their development. Different factors of the environment are treated in depth and compared to other countries. Students develop a critical judgment capacity for proposing changes in the Mexican business environment. Basic environmental factors. Microeconomic forces. Macroeconomic forces. Political and ecological forces. Sociocultural forces. Forces of technology and innovation. Forces of globalization. Businesses and Mexican society in the year 2000. Textbooks: Michael H. Best, The New Competition, Institutions of Industrial Restructuring, Harvard University Press, 1990; Dominic Salvatore, National Economic Policies: An Overview, North-Holland, 1991; Harold Zink, Los sistemas contemporáneos de gobierno, Limusa, 1965.
CAMPUS: ALL CAMPUSES
LANGUAGE OF INSTRUCTION: SPANISH
Ec00001. INTRODUCTION TO THE ECONOMICS ACADEMIC PROGRAM
"To introduce the student to the ITESM system and campus from which he/she is now a member, as well as to introduce him/her to the general knowledge of the Economics undergraduate program. A lso, to provide the specific knowledge of Economics as a college discipline and the areas of specialization and fields of application."
Ec00002. NATURAL RESOURCES ECOMOMICS
"To integrate the concepts and tools of Economics theory with the problems and concepts related to natural resources and environment, so as to make decisions and discuss policies that help solve such problems. Throughout the course, the students will know the theoretical and conceptual framework related to the market failures and property rights and will link them with the environmental issues. The student will take into account the existing interrelation between the efficient use of natural resources and the origin dynamics, supplying, renovation, consumption and extinction of some of the main natural resources."
"To revise the main hypotheses about the determining issues in economicgrowth of countries and regions. The emphasis of this course is placed on the models of a sector and within it the ones called of endogenous growth, by means of physical and human capital accumulation, technological innovation and institutional quality in the countries. Additionally, the student will be introduced to the empirical studies in the growth and economic development areas."
Ec00004 . ECONOMIC DEVELOPMENT
"To provide the basic elements to understand the problems, general theories and the most significant statements around the economic development of countries, emphasizing the issues concerning the Mexican economy. This has lately been oriented to the reflection on the use of economy policy instruments for the promotion of development. In this sense, the course allows the interaction of different subjects of the program, in such a way that contributes to the understanding of economy phenomena. This course enhances the skill development in research and the correct way to deliver oral and written presentations. This demand also applies to some other selected topics."
Ec00005. ECONIMIC HISTORY OF MEXICO
"At the end of the course the student will identify the different historical happenings that intervened in the Mexican social, political and economical structure from the 19th century up to the present times."
Ec00811. MICROECONOMIC PRINCIPLES
The study of the basic concepts of supply and demand and their relationship in achieving balance in a competitive market. The study of elasticity, the production process and production costs. Analysis of price and production principles in different market structures faced by an individual company (perfect competition, monopoly and oligopoly). This introductory course emphasizes the understanding of economic elements and graphics. Textbook: Stanley Fisher and Dornbusch Rudinger, Economía, McGraw-Hill, segunda edición.
CAMPUS: ALL CAMPUSES
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Ec00812. MACROECONOMIC PRINCIPLES
Introduction to macroeconometrics. Circular flow of income. National bank accounts and determination of national income. Budget tax policies and added demand. Money market and level of income. Balance of money market and market of goods. International finance. Textbook: Stanley Fisher and Dornbusch Rudinger, Economía, McGraw-Hill, 1991.
CAMPUS: ALL CAMPUSES
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
The course focuses on the importance of economics as a science and the development of an analysis of a country's economic events. Introduction to concepts, tools and the logical process required for the study and understanding of economic principles. Introduction to economic theories. Basic instruments and techniques for analysis. Market supply and demand. The study of elasticity. Principles of national accounting. Evaluation of the national income. The state's role in the economy. The monetary system. Economic growth. Balance of payments and problems in underdeveloped countries. Textbook: Fischer Stanley and Dornbush Rudiger, Economía, McGraw-Hill, 2nd edition.
CAMPUS: VER, CHIS, CHIH, CCM, C.JUA, OBRE, COL, CEM, GDA, HID, LAG, LEO, MAZ, MTY, CVC, QRO, SALT, SLP, SIN, SON, TAMP, TOL., ZAC.
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Ec00831. INTERMEDIATE MICROECONOMICS
This course emphasizes the analysis of economic elements on individual consumers and the industry. The study of the principles of demand and price and production policies of an industry in different market structures (competition, monopoly and oligopoly). The student will be introduced to role theories in order to explain the relationship between industries and oligopolic markets. The study of factors of decision-making in industries and different markets (perfect competition and monopoly). This intermediate course emphasizes graphic analysis based on mathematical concepts (basic differential calculus as well as analytical geometry). Textbook: R. Pindyck and D. Rubinfeld, Microeconomics, MacMillan, 2nd edition, 1992.
CAMPUS: CCM, CEM & MTY
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Ec00841. MACROECONOMIC THEORY I
Study of basic models of macroeconomics in a closed economic system. Focuses on details of national accounts, emphasizing national accounts in Mexico and raw material-product matrix. Study of Keynesian macroeconomic system, deriving demand and aggregate supply as well as analyzing equilibrium. Understanding external macroeconomic principles and analysis of equilibrium. Knowledge of foreign markets in macroeconomics and analysis of its effects on a country's domestic variables. Focus on rational expectations. Textbook: Sachs Jeffrey and Felipe Larrín, Macroeconomía en la Economía Global, PHH, 1994.
CAMPUS: CCM, CEM & MTY
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Ec00842. MACROECONOMIC THEORY II
This course focuses on the study of macroeconomics, introducing assumptions and relations for an open economy. Theoretical analysis of open economy microeconomics, commercial and financial economics as well as differences between fixed and flexible changes in economies. The student is expected to fully understand the implications of opening and exchange parity systems in the economic structure, and its development, as well as the need for coordinating internal and foreign policies in order to achieve macroeconomic goals such as full employment and equilibrium in the balance of payments. Textbook: Rivera Batiz and Rivera Batiz, International Finance and Open Economy Macroeconomics, 2nd edition, 1993
CAMPUS: CCM, CEM & MTY
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Ec00844. INTERNATIONAL ECONOMICS
The purpose of this course is to provide the student with a panoramic view of economic principles that support commercial relations between different countries of the world, focusing on the real and monetary part of the economic theory of international commerce. Analyze the classical and neoclassical principles of international commerce. Distribution and prosperity commerce. Empirical roles of theories and alternative theories of commerce. Customs tariff and non-customs tariff barriers. Arguments in favor of restricted commerce. The impact of commerce on economic growth and development. Staffing and movement of staffing. Monetary systems of international commerce and money markets or exchange rates, and balance of payments. Textbook: Beth V. Yarbrough and Robert M. Yarbroygh, The World Economy: Trade and Finance, Dryden Press, 3rd edition, 1993.
CAMPUS: CHIH, CCM, C.JUA, OBRE, CEM, GDA, IRAP, LAG, LEO, MTY, CVC, QRO, SALT, SLP, SIN, SON, TAMP, TOL.
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Introduction of scientific methodology and quantitative investigations. Introduction of calculus of sampling matrix and the linear model. Study of simple and multiple regression models through statistical tests, and theories on efficiency and consistency. Analyzes basic assumed violations of the statistic model. Textbook: J. Kmenta, Elements of Econometrics, 2nd edition. Maddala, Introduction to Econometrics, MacMillan, 1992.
ACAD. PERIOD: SPRING & FALL
CAMPUS: CCM, CEM & MTY
LANGUAGE OF INSTRUCTION: SPANISH
Study of sophisticated estimation methods. Analysis of auto-regressive models and distributive charge-backs. Non-linear regression models. Models with dummy variables and restricted coefficients. Two-phase and generalized minimal squares. Simultaneous equation systems. The simulation process. Bayesian methods and information management. Discussion of the limitations of econometry. Textbook: R. Pindyck, and D. Rubinfeld, Econometric and Economic Forecasts, McGraw-Hill, 3rd Edition.
CAMPUS: CCM, CEM, & MTY
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Ec00853. INTERNATIONAL POLITICAL ECONOMICS
"To analyze and evaluate the policies and strategies that emerge in the interaction between the State and the market in the international arena and its impact on the structures of hegemonic historical change. Declining and leading sectors (winners and losers). The new commercial and financial structure. The role of multinational companies, and the economic development and dependence on the peripheral regions of the world system. Textbook: Gilpin, Roert.(1987) Economía política internacional. Buenos Aires, Argentina: Grupo Editorial Latinoamericano."
Study of economic activities from the Industrial Revolution through the 20th century. Analyzes the Industrial Revolution and its consequences. Economic fluctuations between the wars and the world crisis. The evolution of the international monetary system. The reconstruction period and development of capitalist countries since World War II. The birth and development of the collective system of the great economic powers of the 20th century. Textbooks: Peter Drucker, The New Realities, Harper and Row, 1990. Kulishers L. Michailovich, Structural Change in the World Economy, Toyledge, London, 1990. Maurice Niveau, Historia de los Hechos Económicos Contemporáneos, Ariel, México, D.F., 1977.
CAMPUS: CCM, CEM & MTY
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Ec00855. MICROECONOMIC THEORY I
Study of consumer affairs. Analyzes the derivation and principles of individual-ordinary and compensated demand functions. This analysis unites the duality tools and comparative statics. This basic consumer role is used to study principles for exchanges, decisions on intertemporal questions and decisions on economic factors, when there is information asymmetry. This advanced course emphasizes mathematical analysis. Textbook: Nicholson W. Microeconomic Theory, The Dryden Press, 5th edition, 1992.
CAMPUS: CCM, CEM & MTY
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Ec00856. MICROECONOMIC THEORY II
This course is an in-depth study of markets as well as price and production strategies in different market structures. Analyze the principles of production cost functions. Price and production decisions of an industry in different market structures. Applies the role theory to study the relation of corporations in oligopolic market structures. Study of the corporation's supply due to factors of production. Studies competitive models as well as partial and general principles of equilibrium. This advanced course emphasizes mathematical analysis. Textbook: W. Nicholson, Microeconomic Theory, The Dryden Press, Fifth Edition, 1992.
CAMPUS: CCM, CEM & MTY
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Introduction to the external sector. Balance of payments and exchange markets. Exchange rates. Exchange policies. Foreign policies. Development of a macroeconomic model.
CAMPUS: CHIH, OBRE & GDA
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Ec00859. POLITICAL ECONOMICS
"Political economy takes care of the interaction between the Economics
and Politics, in the substantive and methodological
issues. Example of the first is the relation between the distribution of political
power and the distribution of richness. Example of the latter is the application
of the economics rationality in theory and practice, in the political decision-
making processes. The course will examine these interactions in theory and practice,
reviewing the main paradigms and perspectives of political
economics, applying them to study cases and specific topics. A comparative approach
will be used to emphasize the analysis of the relation between the State and
the Market. The topics to be studied will be of present relevance and so will
the case which includes facts and observations related to the Mexican reality."
LANGUAGE OF INSTRUCTION: SPANISH
Ec00861. HISTORY OF ECONOMIC THINKING
Understand, through the analysis of the relation between historical facts and their interpretation, the main currents of economic principles. Students will be able to recognize current theories of economic science and their tendencies at the end of the century. Understand the changes and critical periods economic thinking has gone through, depending on social, political, and economic elements, and explain the influence these may have on current circumstances. Develop basic principles for economic growth and related courses in the academic program. The history of economics, from its birth to the present. The 18th century constitution- one of the classical tendencies. The polarization of economic thinking between Marxism and neoclassical trends. The Keynesian revolution and monetary counter-revolution as basic principles of the 20th century, and perspectives on the current crisis of economic paradigms. Textbooks: Mark Blaug, La Teoría Económica Actual, Examen de sus Grandes Doctrinas, Barcelona, 1968. J.Hey, The Future of Economics, Oxford, 1992. W. Stark, Historia de la Economía en su Relación con el Desarrollo Social, FCE, México, D.F., 1974.
CAMPUS: CCM, CEM & MTY
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Ec00865. INTERNATIONAL ECONOMIC POLITICS
Equivalence: Ec95853
Analyzes and evaluates strategies and policies between the state and the market, developed from their interaction in the international arena, and their impact on structures of historical hegemony. Declining markets and leaders (winners and losers). New commercial and financial structures. The role of multinationals and economic development. Dependency in peripheral regions of the international system. Textbook: Robert Gilpin, Economía política internacional, Grupo Editorial Latinoamericano, Buenos Aires, Argentina, 1987.
CAMPUS: CHIH, CCM, C.JUA, OBRE, CEM, GDA, IRAP, LAG, LEO, MTY, CVC, QRO, SALT, SLP, SIN, SON, TAMP, TOL.
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Emphasizes the empirical evidence of theoretical concepts studied in Microeconomics I and II in order to illustrate estimation methods of the different functional forms for demand, production and costs. Study of price policies related to decision-making in a company. Textbook: E. Douglas, Managerial Economics, Prentice Hall, 4th edition, 1992.
CAMPUS: CCM, CEM, & MTY
ACAD. PERIOD: SPRING & FALL
LANGUAGE OF INSTRUCTION: SPANISH
Ec00873. MONETARY THEORY AND POLICIES
The student will be introduced to monetary political theory and its role in economics in general. Analysis of institutions and instruments through which monetary policies are formulated as well as the mechanism through which essential economic variables are affected. This course analyzes the different monetary theories of money supply and demand. Empirical evaluation of its characteristics in applied political economics. The student will be familiarized with the Mexican monetary/financial system. Monetary politics in Mexico, achievements and future perspectives. Textbook: Thomas Harrilesky and T. Boorman, Money Supply, Money Demand and Macroeconomic Models, H. Davidson, 2nd edition.
CAMPUS: CCM, CEM & MTY
ACAD. PERIOD: FALL
LANGUAGE OF INSTRUCTION: SPANISH
Ec00874. INTERNATIONAL TRADE THEORY AND POLICY
Study of theories and bases of international commerce and different tools in commercial politics used to promote or inhibit commerce. Study models developed by David Ricardo, Samuelson and Jones Hecksher-Ohlin, and Krugman and Obstfeld. Analyze theories developed by Posner, Vernor and inner-firm and inner-industry commerce. The second part of the course studies the mechanisms of orthodox instruments in commercial politics and its impact on economic well-being. Focus is made on underdeveloped countries. Textbook: Krugman and Obstfeld, International Economics, Theory and Policy, Harper Collins, 3rd edition, USA, 1994.
CAMPUS: CCM, CEM & MTY
ACAD. PERIOD: FALL
LANGUAGE OF INSTRUCTION: SPANISH
Ec00881.PUBLIC SECTOR ECONOMICS
Students study the conditions of efficiency for resource
allocation in a competitive system considering different aspects
related to income distribution. Analyzing the government's role in
market imperfections - public goods, externalities, increasing
yields, imperfect markets. Mechanisms of public vote, price
determination in public-sector companies, cost-benefit analysis, the
effect of different types of taxes on efficiency and income
distribution. Textbook: R. Boadway and Wildasin, Public Sector
Economics, Little, Brown and Company, 2nd ed., 1984.
Ec00883. SOCIAL EVALUATION OF PROJECTS
As part of the process of planning and optimal resource
allocation, students learn about and apply different methods for
evaluating projects from the economic and the social standpoint.
Analyzing and discussing cases through scenarios for identification,
feasibility, technical alternatives, and financial, economic and
social impact on regional and national development, emphasizing
environmental aspects. Core concepts for evaluation. Study of
criteria and methods. Techniques and criteria for economic and social
evaluation. Case analysis. Textbook: E. Fontaine, Evaluación
social de proyectos, Universidad Católica de Chile, Santiago
de Chile, 1994; Pautas para la evaluación de proyectos, UNO,
UNIDO, New York.
Ec00884. INTERNATIONAL FINANCE
This course attempts to expand the theoretical discussion to its
newest and most relevant aspects as well as to methods for applying
international economic theory. Concerning the field of application,
the course includes aspects of macroeconomic and microeconomic theory
(including developments in game theory and contract theory),
econometrics, development theory, and others. Textbook: Paul R.
Krugman and Maurice Obstfeld, International Macroeconomic Policy
under the Gold Standard International Economies: Theory and
Policy.
Ec00885. INDUSTRIAL ORGANIZATION
Combining the most recent theories with available data on company
and industry organization. The traditional
structure-behavior-performance approach. Analysis of transaction
costs. Game theory. Disputable markets. Information theory. The
paradigm of industrial organization. Effects of market power and
regulations. Theory of the dominant company. Markets with cooperative
and non-cooperative oligopolies and other aspects related to
information deficiencies. Textbook: Martin S., Industrial Economics,
MacMillan, 1988.
Based on previous courses on macroeconomics, politics, and
international economics, this course attempts to create a theoretical
framework for reference so that students understand the concepts and
dilemmas of economic policy. Furthermore, students become familiar
with different steps in economic politics that have been taken since
1992 and with the difficulties for implementing these policies in
both the domestic and the international environment. A methodology is
presented that allows students to do research on an issue related to
the course and present their findings to their classmates. Textbook:
Selected readings.
.Ec00892. INTERNATIONAL ECONOMICS SEMINAR
Students acquire general and specific knowledge about the
characteristics, terminology and mechanisms of international markets
for currencies and finance, the effects of exchange policies and the
tools required for managing public and private debt in order to
achieve a risk-yield-liquidity profile that is most beneficial for
the national economy. Developing the skills for forecasting and
analyzing the main indicators of the open financial market in order
to satisfy the needs for timely information. Textbook: Readings
assigned by the professor.
.Ec00893. MEXICAN ECONOMICS SEMINAR
Introduction to the study of the Mexican economy's structure and
current situation through the analysis of the macroeconomy and
certain sectors. Application of tools and theories learnt during
previous courses. Techniques for current-situation and structural
analysis. Short-term and long-term models. Analysis of cyclical
indicators. Elaboration of macroeconomic and sectorial scenarios.
"The fundamental purpose of this course is to extend the Economics analysis in the specific field of Regional Economics. A rector axe in this seminar spins around the understanding of the economic activity interaction with the territorial surrounding, by means of the theoretical and empirical analysis. This axe is discussed in terms of the relevance to our country and from an international perspective, too. The adequate study of this subject permits to integrate and round-up other courses of the Economics program. It is also intended to introduce the student to the scientific fundamentals of research, which main points are applied in a small project. It is of vital importance to emphasize the training students receive in delivering his/her research orally and in writing."