---
title: Emergent Economies
page_type: course
track:
course_type:
feature_img: /assets/images/2019-20/t-1/emergent-economies.jpg
img_caption: 
faculty: 
    - carlos-barbiero
    - jordi-riulas
---

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## Syllabus 

Capitalism has been or is the leading economic system and the way of understanding business and how the three sectors (Public, Private and Civil) interact. Money makes the world go round. If we want to Design the Emergent Future, we need to understand how entities (humans and businesses) interact, record transactions and how the economy is influenced by private ownership, behaviour, expectations, markets and rules. Students will briefly go thru the recent history of Macro Economics and discuss Classical Economy, Keynesian Economics to understand how we ended with overwhelmed governments and international institutions discussing, QE, tariffs, migration policies and SDG’s. The first unit will finish with a brief introduction to Micro Economics where students will discuss opportunity costs, elasticity, markets, pricing & competition. The second part will be explaining the basic accounting equation and the dual entry principle. What do Financial Statements tell us and what are their shortcomings? In this unit the course provides a deep enough understanding of assets, liabilities & equity. What are the basic rules behind the so called ‘business language’? The fundamentals of the Balance Sheet, the Income Statement and the Cash Flow Statement will be explained and discussed. The last unit of the course will be around Time in the broader sense: Where are we as human kind at the beginning of the XXI Century?

- Debt: Public & Private

- Time Preference

- Accelerating Business Growth

- Derivatives

All together the Learning Objectives are to arm the students with basic understanding and tools on where we are, how we got here and what can be done to design the imminent future in a more sustainable environment conducting business and transacting goods or services for equivalent resources or money. Among these objectives students will find:

- Understand and criticize the most important economic theories

- Appreciate the importance of the Supply and Demand model

- Identify the economic issues and point out possible solutions

- Generate awareness how business transactions affect the element of the accounting equation

- Explain how economies of scale can reduce unit costs

- Identify strategies that companies use to lower their break-even point

- Examine the theory and practice of financing an entity using debt & equity

- Enable to assess the benefit of ‘access over ownership’


## Additional Resources

Accounting and Financial Fundamentals for non Financial Executives R. Rachlin & A. Sweeny

ISBN 978-0-8144-7928-5

*Background Research Material*

Deep Time History - CuriosityStream

### BLOCKCHAIN, The Value Transmission

![](/assets/images/2019-20/t-1/emergent-economies-chart.png)

## Syllabus and Learning Objectives

The world of cryptocurrencies and their initial sales events or ICO (Initial Coin Offer) are part of our economic and social reality. Knowing the fundamental technical and philosophical concepts of blockchain technology, on which cryptocurrencies are based, is essential to understand new business models and new distributed services. It is essential to know the main existing blockchain networks and their associated cryptocurrencies or tokens. In this course we will further analyse the concept of token and ICO, in addition to studying the different types of existing tokens. The knowledge acquired will allow us to assess the convenience of the use of blockchain in our project and its potential value tokenization.

### Total Duration

10-12 am (27th, 28th, 29th November)

## Structure and Phases

1. Introduction

- What is blockchain (BC)?
- Blockchain Properties
- Main uses of Blockchain
- Philosophical values
- Cryptocurrency or token?

2. Technical foundations

- Blockchain base technologies
- Private key
- Decentralized databases
- Transaction Validation
- Proof of work
- Proof of stake
- Zero Proof

3. Main blockchain networks.

- BITCOIN
- ETHEREUM
- DARK COINS
- Monero
- Zcash
- Dcash ECOSYSTEMS
- BURNING
- WAVES
- DUSK

4. ICOs and types of tokens.

- ICO
- Token utility
- Token security
- Equity token

5. Tokenomic

- Token supply
- Token pricing
- Elements of value and traction in an ICO

6. Regulatory

- Utility vs security?
- Equity Tokenization
- Restrictions on securities

7. Communication channels

- Tools and platforms.
- Bibliography

## Output
One page proposal

## Grading Method
Class discussion and one page proposal.

## Bibliography

“La nueva revolución digital, criptomonedas y blokchain “ by Joan Torras Rague.
“Mastering Blockchain: Programming de open blockchain” by Andreas M. Antonopoulos

### Background Research Material
Whitepaper by Satoshi Nakamoto
Reference web on Bitcoin

### Requirements for the Students
Buy your first 100 bugs in crypto if you did not do it before.

### Infrastructure Needs
White board and projector.

## Faculty

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