Note: A placement exam will be required when you arrive on site.

Advanced

This course is designed for students who have completed or tested out of a minimum of four semesters (or six quarters) of college-level Spanish. However, students must take a placement exam to determine the course level into which they will be able to enroll.

1. Spanish economic power
1.1 The gross interior product, national income and expenditures
1.2 The national budget and deficit
1.3 Public revenue and investments

2. Financial aspects of the economy
2.1 Financing the economy: sources and means
-short and long-term investments
-financial intermediaries
2.2 Financing the economy: markets
-monetary markets
-capital markets. The Stock Exchange
2.3 Monetary policies
-The Bank of Spain
-instruments of monetary policies

3. The international economy
3.1 International commerce
-balance of payment
-commercial balance
-Currency market and exchange rates
3.2 The European Union
-formation of the European Union
-future prospects
-the Spanish Economy facing the European Union
-free enterprise
-Spanish commerce: recent changes I

4. Formation of the Spanish industrial sector
-the end of autarchy and the 1950s
-economic development and the 1960s
-energy crisis and the 1970s
-economic and industrial transformation and the 1980s
-future prospects
4.1 Characterization of the Spanish industrial sector
-production, specialization, industrial localization, property and control

5. Spanish commerce: recent changes II
5.1 The service sector
-tourism, commercial distribution, financial sector, future prospects

6. Enterprise in Spain and the European Union
-effects of the integration of the national productive sector
-immediate effects
-long-term effects
6.1 Community policies in Spain
-social policies and development
-customs union and the labor market