Economic Environment & Public Affairs

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  1. Production costs, revenues and profits in perfect co … EC1-136-I

    The objective of this short case is to familiarize students with what it is like to do business at the base of the pyramid; and to use a practical situation to review the concepts of fixed and variable costs, implicit and explicit costs, and accounting profit vs economic profit. Students are also asked to reflect on the implications of operating in a perfectly competitive market, and to offer suggestions from market structure theory for a firm like the one described here, that would enable it to break out of its inevitable zero-profit equilibrium and move toward economic profits in the long run.

    Academic Area:
    Economic Environment & Public Affairs
  2. Caso España EC1-001-M

    This interactive case describes the main problems of the Spanish economy between 1973 and 2010 setting the context for students to analyze the solutions provided by the different governments in power. It includes significant multimedia materials (photographs audio clips of speeches and interviews newspaper headlines graphs and tables) and related texts. There are also interactive graph which can be created based on students’ choices enabling them in this way to compare key economic indexes at specific times.

    Academic Area:
    Economic Environment & Public Affairs
  3. Graph of a Perfectly Competitive Market EC2-109-I-M

    This interactive tool explains the adjustment in short and long term of the market and the enterprise under the theory of perfect competition. It allows for the interaction of both dimensions and to see the equilibrium process in terms of profits losses prices and exchanged quantities.

    The documentation includes graphs with explanations of the shifts as well as exercises with feedback.

    Academic Area:
    Economic Environment & Public Affairs
  4. Gráfica de un mercado en competencia perfecta EC2-109-M

    This interactive tool explains the adjustment in short and long term of the market and the enterprise under the theory of perfect competition. It allows for the interaction of both dimensions and to see the equilibrium process in terms of profits losses prices and exchanged quantities.

    The documentation includes graphs with explanations of the shifts as well as exercises with feedback.

    Academic Area:
    Economic Environment & Public Affairs
  5. La economía de Cuba (1959-2009) EC1-118

    Cuba has been ruled for over 50 years by a socialist centralized system, with Fidel Castro as a supreme leader until 2007, when his brother Raul Castro took over power. Until the falling of the Berlin Wall, Cuba depended upon the Soviet Union’s economic support. After this geopolitical shift, the Caribbean country faced a new situation with light reforms that temporarily alleviated the suffering economy of Cuba. However, until 2009 there had been no real compromise, nor structural reforms necessary to transition towards a market economy. When Raul Castro sat on the driver’s seat, the possibility of political and economic change seemed closer.

    Academic Area:
    Economic Environment & Public Affairs
  6. Evolución del precio del petróleo EC1-115-M

    This case is designed to introduce students to the basic tools of supply and demand and to observe and predict how they operate in a real market that is constantly grabbing headlines: the global petroleum market. The analysis of this interactive multimedia case is based around those events that have affected the price of oil from 1970 to 2013.

    Students will be presented with a series of historical events that affected the price of oil on the world market. They study each of these and then predict the effects on price by shifting the curves on the traditional supply and demand model.

    The World Oil Prices interactive exercise has been used successfully across a range of masters programs, from Masters in Management through to MBA and executive programs. The material would be suitable for both undergraduate and postgraduate economics courses, once the initial supply and demand theory has been grasped.

    Academic Area:
    Economic Environment & Public Affairs
  7. Portugal: Los desequilibrios económicos EC1-120

    This case investigates how drastic changes in politics within short periods of time in Portugal in the 70s and 80s didn’t help the country grow but instead helped it to sink further into poverty as well as how after gaining a small amount of stability the country’s situation started to improve the economic indicators. In this case students will learn to see that the majority of times extreme changes in a country’s politics only make it further worsen with every change until a point of stability is reached.

    Academic Area:
    Economic Environment & Public Affairs
  8. World Oil Prices EC1-115-I-M

    This case is designed to introduce students to the basic tools of supply and demand and to observe and predict how they operate in a real market that is constantly grabbing headlines: the global petroleum market. The analysis of this interactive multimedia case is based around those events that have affected the price of oil from 1970 to 2013.

    Students will be presented with a series of historical events that affected the price of oil on the world market. They study each of these and then predict the effects on price by shifting the curves on the traditional supply and demand model.

    The World Oil Prices interactive exercise has been used successfully across a range of masters programs, from Masters in Management through to MBA and executive programs. The material would be suitable for both undergraduate and postgraduate economics courses, once the initial supply and demand theory has been grasped.

    Academic Area:
    Economic Environment & Public Affairs
  9. Turquía 2007: Crisis, poscrisis y convergencia hacia … EC1-112

    Turkey is finally accepted as a candidate to belong to the EU. However, its economic, political and social situation, added to unresolved issues with Cyprus, Greece and their southern neighbors (from the region of Kurdistan) reveal that there are things that could delay their process.

    This case starts with the financial crisis of Turkey in 2001. It delves into the reasons that lead to the crisis, the key events in this period and, finally, the consequences on the post-crisis era. 

    Academic Area:
    Economic Environment & Public Affairs
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