3000

Econometrics II is based on the previous econometric course, Econometrics I, and it is designed to approach additional topics used in economic applied research. The course is divided into three sections: crossed section, time series and panel data. The topics included in the course are listed as follows: Crossed section: Proxy variables, instrumental variables, simultaneous equation, dependent qualitative and limited values. Time series: stationarity, Box-Jenkins methodology. Data panels: cross-sectional time cuts, difference in differences, fixed and random and effects. The operational part lying at the heart of the course is based upon the most commonly used econometric programs such as STATA and EVIEWS.

The students of the Program of Economics for Undergraduates will have their first contact with the quantitative methods in economic sciences. They will be introduced to fundamental concepts of precalculus and calculus (Equations, limits, exponential functions, derivates, integrals, matrixes, linear equation systems, two-variable optimization problems, restricted optimization, among others).

The course presents the fundamentals of the classical and neoclassical international trade theories, as well as the groundings of the so-called new international trade theories. The course deals with the predictive capacity of such theories and their political implications, and the context of trade policies recently applied in Colombian and the world.

The monetary economics is concerned with the relation among actual variables, such as gross domestic product, employment and unemployment, actual interest rate, current account and actual exchange rate, and nominal variables as inflation, nominal interest rates, exchange rate and money supply. This course is targeted to familiarize the student with the theoretical discussion and challenges of economic policy associated with monetary economics.

This course is intended to introduce students to the arguments around the State´s active role in market economy and the tools needed for its analysis. In this regard, the class will study models about the multiple ways of State-market interaction and the social decision-making mechanisms. Finally, the student is expected to gain an insight into the Colombian public sector organization and its decision-making mechanisms and today´s main problems.

In this course, the student is expected to define the subject matter priorities to be studied during the semester. Students will be asked to work in groups, choose a topic of economic policy background, search for relevant literature, make a diagnosis of the problem and analyze the possible policies. Based on this analysis, they will be asked also to propose specific measures of policy, explain the expected results and defend the analysis and conclusions in a peer-to-peer debate. In addition, they are expected to criticize the alternatives set out by the counterpart during the course of debates. Finally, the students shall have to write a report on their understanding of the topic.

This course emphasizes on the Colombian economic history by using the instrumental of economic theory. The program will use quantitative information to describe historical facts. The course is focused mainly in the pre-Columbian history, the colonial period, the 19th century and the main processes of the 20th century.

Today´s economic analysis (neoclassical theory) takes the neo-Walrasian model of General Market Equilibrium as analytical reference. The course seeks to explain clearly that the history of economic analysis is linked to debates and disagreements about the great questions of society and economics. Therefore, emphasis is given to identifying the approaches and differences that have shocked the development of the most scientifically pretentious theory. Lastly, the course is targeted to demonstrate that the history of economic analysis is not an erudite speech on dead theories but rather a part of the conditions for economic science progress.

This seminar is targeted to build a venue to monitor the individual research process of each student. The student will prepare the memoirs of graduation during the course of an academic semester. In the previous semester, the students shall define their question for the Graduation Memoirs, find a counselor and submit the proposal for approval by the School Council.

How to explain that nowadays Venezuela has a per capita income (in purchasing power parity) lower than the PCI of 40 years ago, while in the same period Colombia has doubled it and Ireland increased it by 4? Conventional explanations resorted to macroeconomics in order to find answers. Nevertheless, answers might be found in microeconomics. This course analyzes the microeconomic mechanisms that hinder development. It goes beyond the scope of traditional answers in terms of human capital and institutions. Part of the course is focused on the analysis of asset markets and the factors and policies that hamper or encourage competition. The role of international trade, international agreements and the relation between globalization and development are also analyzed.

The course seeks to introduce the student to the analysis of the economic situation by using elements of the economic theory, history and finance. Therefore, the classes lectured by the professor assigned to this Seminar will be complemented with lectures by invited speakers, who will present on-going research works relevant to the situation faced. Students shall read the recommended literature in order to be prepared for the conferences. Moreover, students shall present an original research work in the last sessions of the Seminar.

The objective of the course is to introduce students to the theoretical discussion about social economics, and to the critical valuation of its application in the design and execution of public policies and programs in Colombia. Thereby, the course will approach social development concepts, human development, equity, public affairs, collective action, social capital and institutions. It is also intended to develop the ability to appraise the reality of Colombian development programs.

This course is targeted to categorize the main existing financial instruments, their valuation and involved markets and analyze the way these instruments are used to create portfolios and diversify risks. It presents an introduction to the regulations concerning financial assets valuation in Colombia. The student will analyze and discuss about different types of financial instruments and their trading markets, risk management in light of the instruments and markets surveyed to make investment decisions or set out optimal short and long-term hedges, and the main issues related to financial regulations in Colombia.

The professor will begin this course by delivering presentations about financial regulation issues (theoretical fundamentals and instruments), regulation and financial crisis and financial crisis in Colombia. In addition, students prepare, with the professor´s guidance, a research work where the financial regulation problems are identified and assessed. Student will also have to make group presentations about specific topics related to financial regulation in Colombia, by construing literature and relevant models, international experiences and Colombia´s recent experience, as well as regulation options.

This course is targeted to introduce students to the fundamentals of the industrial organization theory, exploring its predictive capacity and its implications for economic policy and contextualizing the industrial policies enforced in Colombia and the world over the last years.

This course strives to give the student an insight into both the monetary production economy and the theoretical concept of capitalism. It also pursuits to understand the scope and limits of the various proposals to a theoretical grounding of capitalism within such understanding, aiming at recognizing the historical determination of economic knowledge and take critical ownership of the ways of thinking typical of economy as quantitative social science.

Economy of culture consists of the application of the economic analysis to the artistic creation field (plastic arts), stage arts (dance and theater), heritage (monuments, museums) and cultural industries (movies, television, music, architecture, advertising), both in the public and the private sectors. The above refers to the economic organization of the cultural sector and the behavior of producers, consumers and governments in such sector. Through theory and its applications, students will discover that the cultural sector has its own dynamics and will become familiar with the instruments used by policymakers and market participants, and will notice the limitations of such tools. Among the main subjects to address each week, we may include: 1) Analysis from the public intervention culture economy in arts and heritage: economy of well-being, information problems, subsidies, regulation. 2) Demand studies: preference formation, contingent valuation theory. 3) Supply: the effect of subsidies in the supply. 4) Economy of the stage arts sector: Baumol costs disease. 5) Economy of museums and monuments. 6) International comparison of cultural provision and public finances. 7) Operation of markets in the cultural world 8) Economic history of stage arts. 9) Empiric studies of demand and audiences. 10) Cost studies in the artistic and heritage organizations. 12) Studies on labor market of artists.  

By understanding poverty as a set of exclusions, this seminar travels through theories, strategies and models that confront to generate social and economic development. Theoretical models are studied along with practical proposals put forward to overcome poverty in some regions and communities in Colombia and Latin America. This course seeks to generate a space for discussion framed in what is currently happening. Study also concentrates in the theory and methodologies behind local development and inclusive businesses, to let students know about concrete cases and to indicate them which were the main actors involved in these processes in Colombia and Latin America.

Objetivos de la materia

To provide students with insights into some of the key issues affecting the economic

development of countries;

To stimulate students to study, present and debate their own ideas and analyses of these

issues.
To widen students’ perceptions of the world and of the applicability of economic
science and to motivate them to retain that perception.
To provide the opportunity for students to build on knowledge and key skills acquired
in earlier years

The Practice is aimed at undergraduate students and might be carried out in any type of company or private or public institution at local, regional, national, and international levels, previously registered in the Centro de Trajectories Professional (CTP). The purpose of the practice is preparatory, it is conceived as a complement to the students´ academic learning, and thereby, it is recognized with academic credits. The 6-credit practice corresponds to a full-time practice, no other simultaneous courses are allowed.

The Practice is aimed at undergraduate students and might be carried out in any type of company or private or public institution at local, regional, national, and international levels, previously registered in the Centro de Trajectories Professional (CTP). The purpose of the practice is preparatory, it is conceived as a complement to the students´ academic learning, and thereby, it is recognized with academic credits. The 3-credit practice corresponds to a part-time practice, other subjects could be enrolled during the regular semester or inter-semestral period.