Study programme 2019-2020Français
Microeconomics II
Programme component of Master's in Mathematics à la Faculty of Science

Students are asked to consult the ECTS course descriptions for each learning activity (AA) to know what assessment methods are planned for the end of Q3

CodeTypeHead of UE Department’s
contact details
Teacher(s)
US-M1-SCMATH-038-MOptional UEVENMANS FrankW707 - Analyse microéconomique
  • VENMANS Frank

Language
of instruction
Language
of assessment
HT(*) HTPE(*) HTPS(*) HR(*) HD(*) CreditsWeighting Term
  • Français
Français201000033.002nd term

AA CodeTeaching Activity (AA) HT(*) HTPE(*) HTPS(*) HR(*) HD(*) Term Weighting
W-ANMI-007Microeconomics 22010000Q2100.00%
Programme component

Objectives of Programme's Learning Outcomes

  • Communicate clearly.
    • make a structured and reasoned presentation of the content and principles underlying a piece of work, mobilised skills and the conclusions it leads to.
  • Adapt to different contexts.
    • Have developed a high degree of independence to acquire additional knowledge and new skills to evolve in different contexts.
    • Critically reflect on the impact of mathematics and the implications of projects to which they contribute.

Learning Outcomes of UE

To develop an intuitive understanding of models describing companies and client's decision-making: partial market equilibrium, general equilibrium, market failures, strategic interactions (game theory), asymmetric information...
To be able to interpret these market equilibria, maximizing models and models of strategic interaction with graphical representations.
To apply the above-cited theories in numeric exercises. In many cases these will take the form of finding an optimum (profit, quantity to produce, utility...) that is obtained by maximizing a function or by solving a system of 2 equations.

Content of UE

Companies' decisions in a competitive market, consumer surplus and producer surplus in different market structures (partial equilibrium models), game theory, general equilibrium (Edgeworth box), market failures, such as asymetric information, extrenalities and public goods.  Regulations that will decrease these market failures. An introduction to behavioural economics, including irrationality and altruism in decision-making. Economics of inequality.

Prior Experience

Not applicable

Type of Assessment for UE in Q2

  • Written examination

Q2 UE Assessment Comments

Not applicable

Type of Assessment for UE in Q3

  • Written examination

Q3 UE Assessment Comments

Not applicable

Type of Teaching Activity/Activities

AAType of Teaching Activity/Activities
W-ANMI-007
  • Cours magistraux
  • Travaux pratiques

Mode of delivery

AAMode of delivery
W-ANMI-007
  • Face to face

Required Reading

AA
W-ANMI-007

Required Learning Resources/Tools

AARequired Learning Resources/Tools
W-ANMI-007Pindyck R., Rubinfeld D., (2017) Microéconomie, Pearson.

Recommended Reading

AA
W-ANMI-007

Recommended Learning Resources/Tools

AARecommended Learning Resources/Tools
W-ANMI-007Pindyck R., Rubinfield D. 2017. Microéconomie. Pearson, 800p. There is a powerpoint presentation of every lecture and all the solutions of the questions and exercises will be given.

Other Recommended Reading

AAOther Recommended Reading
W-ANMI-007Not applicable

Grade Deferrals of AAs from one year to the next

AAGrade Deferrals of AAs from one year to the next
W-ANMI-007Authorized
(*) HT : Hours of theory - HTPE : Hours of in-class exercices - HTPS : hours of practical work - HD : HMiscellaneous time - HR : Hours of remedial classes. - Per. (Period), Y=Year, Q1=1st term et Q2=2nd term
Date de génération : 13/07/2020
20, place du Parc, B7000 Mons - Belgique
Tél: +32 (0)65 373111
Courriel: info.mons@umons.ac.be