Study programme 2020-2021Français
Political Economics and Tutorials 1 - AAEP
Learning Activity
CodeLecturer(s)Associate Lecturer(s)Subsitute Lecturer(s) et other(s)Establishment
W-AETR-003
    • FERAUGE Perrine
    • MAHY Benoît
      • UMONS
      Language
      of instruction
      Language
      of assessment
      HT(*) HTPE(*) HTPS(*) HR(*) HD(*) Term
      FrançaisFrançais40200300Q1

      Organisational online arrangements for the end of Q3 2020-2021 assessments (Covid-19)
      • Written exam (multiple choice, open questions)
      • Oral exam (questions and answers, presentation of individual or group work, comment and argument about a written text...)
      • Production of individual or group work, essay, report, dissertation...
      Description of the modifications to the Q3 2020-2021 assessment procedures (Covid-19)
      A remote examination lasts a maximum of 1 hour 30' and covers material seen during theoretical lectures and practical exercises. It counts for 90% of the total. It takes place on the Moodle exam platform, with sequential mode, and contains 7 MCQs (each worth 2 points) and 1 application (6 points). To meet difficulties encountered by students because of Covid-19 context, there is no negative point in case of incorrect answers to MCQs.

      The remaining 10% relate to Peer tutoring sessions: active and appropriate participation in tutoring sessions (6 points), oral presentation (6 points) and written work (8 points).

      Organisational arrangements for the end of Q2 2020-2021 assessments (Covid-19) online or face-to-face (according to assessment schedule)

      • Written exam (multiple choice, open questions)
      • Oral exam (questions and answers, presentation of individual or group work, comment and argument about a written text...)
      • Production of individual or group work, essay, report, dissertation...

      Description of the modifications to the Q2 2020-2021 assessment procedures (Covid-19) online or face-to-face (according to assessment schedule)

      A remote examination lasts a maximum of 1 hour 30' and covers material seen during theoretical lectures and practical exercises. It counts for 90% of the total. It takes place on the Moodle exam platform, with sequential mode, and contains 7 MCQs (each worth 2 points) and 1 application (6 points). To meet difficulties encountered by students because of Covid-19 context, there is no negative point in case of incorrect answers to MCQs.

      The remaining 10% relate to Peer tutoring sessions: active and appropriate participation in tutoring sessions (6 points), oral presentation (6 points) and written work (8 points).
       

      Organisational arrangements for the end of Q1 2020-2021 assessments (Covid-19) online or face-to-face (according to assessment schedule)

      • Written exam (multiple choice, open questions)
      • Oral exam (questions and answers, presentation of individual or group work, comment and argument about a written text...)
      • Production of individual or group work, essay, report, dissertation...

      Description of the modifications to the Q1 2020-2021 online assessment procedures (Covid-19) online or face-to-face (according to assessment schedule)

      A remote examination lasts a maximum of 3 hours and covers material seen during theoretical lectures and practical exercises. It counts for 90% of the total. It takes place on the Moodle exam platform and contains 14 MCQs (each worth 1 point) and 2 applications (each worth 3 points). In order to meet difficulties encountered by students because of Covid-19 context, there is no negative point in case of incorrect answers to MCQs.

      The remaining 10% relate to Peer tutoring sessions: active and appropriate participation in tutoring sessions (6 points), oral presentation (6 points) and written work (8 points).

      Content of Learning Activity

      The course is structured in 6 chapters :
      1.       Introducing economics : what do economists study ?, macro and micro economics, the problem of scarcity, economic systems, economic reasoning
      2.       Markets in action : supply and demand from graphical, analytical and verbal perspectives, supply and demand determinants, price-output equilibrium and chocks, price elasticity of demand and supply, income and cross-price elasticity of demand,  short run and long run, adjustment price expectations and speculation                                                                    
      3.       Public policy: impacts of the control of prices (by setting minimum or maximum prices) and of the ad valorem or specific indirect taxation on consumers and producers
      4.       Background to supply (production) : law of diminishing returns, economies of scale, costs and productivity in the short run and in the long run, mean, marginal and total, revenues depending on firms market power, profit maximisation by using total or marginal approaches                                                                                                                                           
      5.       Background to demand (consumption) : indifference curves and marginal rate of substitution, budget line and relative prices, optimum consumption and its relation with prices and income, individual's and market's demand curves, income and substitution effects of a price change, normal or inferior goods, substitute or complementary goods.
      6.           Profit maximising  under perfect competition and monopoly: revenues, costs and equilibrium (production and price) at firm and sectoral levels, in the short run and in the long run, external economies of scale, barriers to entry, perfect competition or monopoly and the public interest, contestable markets
      The peer tutoring sessions are conducted under the responsability of third year student and the professor supervision : getting to know other students, methodological advices, sharing of experience, introduction to certain digital platforms, group work about economic subject, assessed presentation and written work in accordance with instructions (academic norms) -tutor assistance-

      Required Learning Resources/Tools

      Not applicable

      Recommended Learning Resources/Tools

      Not applicable

      Other Recommended Reading

      Sloman, J., Wride, A. and Garratt, D. (2015), Economics, Pearson Education Limited

      Mode of delivery

      • Mixed

      Type of Teaching Activity/Activities

      • Cours magistraux
      • Travaux pratiques
      • Remédiations intégrées à un type d'AA

      Evaluations

      The assessment methods of the Learning Activity (AA) are specified in the course description of the corresponding Educational Component (UE)

      (*) 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 : 09/07/2021
      20, place du Parc, B7000 Mons - Belgique
      Tél: +32 (0)65 373111
      Courriel: info.mons@umons.ac.be