Objectives of Programme's Learning Outcomes

• Implement an academic view on knowledge, particularly through the mastery of methods and literature research tools.
• Develop and structure reasoning by basing it on suitable scientific arguments
• Actively master the fundamental concepts and models of economic sciences and management sciences
• Identify and explain the concepts, principles and models of fundamental theoretical trends in economic sciences and management sciences and their applications.
• Understand how organisations and markets work
• Understand the methods and tools adapted to the field of economics and management
• Acquire basic methodological tools necessary for scientific inquiry in the field of economics and management.
• Conduct relevant research from scientific literature and select appropriate elements with respect to a particular research topic.
• Describe the principles of methodological approaches (objectives, methods, techniques and tools) to understand and explain the functioning of organisations and markets.
• Give a critique and argue a point of view as part of a scientific approach
• Critically compare knowledge acquired to real situations.
• Identify and explain the concepts, principles and models of fundamental theoretical trends in economic sciences and management sciences and their applications.
• Develop and structure reasoning by basing it on suitable scientific arguments
• Demonstrate working and analytical rigour.
• Be rigorous and independent in learning, particularly through adequate planning of activities to be undertaken in order to best utilise the time available.
• Develop their scientific curiosity and open-mindedness
• Demonstrate self-awareness, assess themself, and adapt.

Learning Outcomes of UE

This Teaching Unit offers two distincts parts: one dédicated to microeconomic analysis, the other dedicated to macroeconomic analysis.

The first focuses on microeconomic analysis and will be structured around three parts enabling the students to: 
- Understand the consumer behavior's process (consumer behavior, individual demand and market demand, uncertainty and behavior);
- Master the producer decision's process (production, production costs); 
- Understand the existing market structures (profit maximization and competitive supply, market power, monopolistic competition and oligopoly).

The second one focuses on short to long term open and closed economy macroeconomics. It aims at enabling the students to :
- Understand and use national accounts (determination of GDP, unemployment and inflation);
- Master the behavioural underpinnings of macroeconomic equilibria (consumption, investment, money demand and supply, ...);
- Understand fix-price equilibria (IS/TR; Mundell-Fleming under fixed exchange rates) and flex-price equilibria (Phillips curve, aggregated demand and supply);
- Apply the above concepts to current economic policy issues (especially budgetary and monetary policy).

Content of UE

See Learning Activity

Prior Experience

Political Economy Teaching Units 1 and 2

Type of Assessment for UE in Q1

• Written examination

Q1 UE Assessment Comments

Multiple choice questions and/or open questions together with practical exercices.

Type of Assessment for UE in Q3

• Written examination

Q3 UE Assessment Comments

See Q1.

Type of Resit Assessment for UE in Q1 (BAB1)

• N/A

Q1 UE Resit Assessment Comments (BAB1)

Not Applicable