The Economics of Spain Academic Year 2006-07

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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

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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

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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

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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

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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

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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