Study programme 2020-2021 | Français | ||
Political Economics and Tutorials 1 - AAEP | |||
Learning Activity |
Code | Lecturer(s) | Associate Lecturer(s) | Subsitute Lecturer(s) et other(s) | Establishment |
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W-AETR-003 |
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Language of instruction | Language of assessment | HT(*) | HTPE(*) | HTPS(*) | HR(*) | HD(*) | Term |
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Français | Français | 40 | 20 | 0 | 30 | 0 | Q1 |
Organisational online arrangements for the end of Q3 2020-2021 assessments (Covid-19) |
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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)
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)
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
Type of Teaching Activity/Activities
Evaluations
The assessment methods of the Learning Activity (AA) are specified in the course description of the corresponding Educational Component (UE)