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The Economics of Spain Academic Year 2006-07
1
ECONOMÍA ESPAÑOLAFacultad de Economía
Prof. Manuel Sanchis i Marco
1. Teaching guide
2. Topic 0: The humbleness of the economist
i. About the humbleness of the economist
ii. Practice of the humbleness of the economist: a test of 40 multiple choice questions on the Spanish economy
OPENING SESSION
The Economics of Spain Academic Year 2006-07
2
SPANISH ECONOMYFaculty of Economics
Prof. Manuel Sanchis i Marco
1. Introduction to the topic2. Work load3. General aims4. Contents5. Abilities to achieve6. Program7. Bibliography8. Teaching approach9. Exams, also of previous years10. Tutorial hours11. Look at the web site “manuel-sanchis.net”
TEACHING GUIDE
The Economics of Spain Academic Year 2006-07
3
SPANISH ECONOMYFaculty of Economics
Prof. Manuel Sanchis i Marco
1. Why should we be careful with economics? There are plenty of cunundrum
2. The post hoc phallacy (Paul Samuelson)
3. Good in theory but bad in practice (Jeremy Bentham)
4. The paradox of thrift
TOPIC 0:
THE HUMBLENESS OF THE ECONOMIST
The Economics of Spain Academic Year 2006-07
4
1. Some paradoxes concerning the “time” variable:
Self-fulfilling prophecies Time inconsistency
2. Economic traps with statistical support
The appreciation/depreciation effect The overhang/carry over effect
SPANISH ECONOMYFaculty of Economics
Prof. Manuel Sanchis i Marco
TOPIC 0:THE HUMBLENESS OF THE ECONOMIST
The Economics of Spain Academic Year 2006-07
5
SPANISH ECONOMYFaculty of Economics
Prof. Manuel Sanchis i Marco
TOPIC 0:THE HUMBLENESS OF THE ECONOMIST
1. The sources of growth in the Solow growth model: L, K, λ
2. The Solow residual: the measure of our ignorance
3. Wealth the road to riches
4. The current situation of the Spanish economy
The Economics of Spain Academic Year 2006-07
6
PANISH ECONOMYFaculty of Economics
Prof. Manuel Sanchis i Marco
For any other queries you can alwaysget in contact me through my Web site:
http://www.manuel-sanchis.net
But also whenever you reach me in the corridorsand, of course, during tutorial hours at my office in 4E12:
Tuesday: 09.30 – 12.30Thursday: 14.30 – 16.30Friday: 09.30 – 10.30
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