Study programme 2020-2021Français
Advanced Microeconomics
Programme component of Bachelor's à la Warocqué School of Business and Economics

Students are asked to consult the ECTS course descriptions for each learning activity (AA) to know what special Covid-19 assessment methods are possibly planned for the end of Q2

CodeTypeHead of UE Department’s
contact details
Teacher(s)
UW-B3-SGEGIG-005-MCompulsory UEDUPREZ CédricW707 - Analyse microéconomique
  • DUPREZ Cédric
  • VENMANS Frank

Language
of instruction
Language
of assessment
HT(*) HTPE(*) HTPS(*) HR(*) HD(*) CreditsWeighting Term
  • Français
Français201000033.001st term

AA CodeTeaching Activity (AA) HT(*) HTPE(*) HTPS(*) HR(*) HD(*) Term Weighting
W-ANMI-004Advanced Microeconomics - AAEP1710000Q1
W-ANMI-008Advanced Microeconomics - AAEHP30000Q1
Programme component
Prérequis

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
  • Critically compare knowledge acquired to real situations.
    • Demonstrate an acute sense of analysis, criticism and ethics in relation to various issues in economics and management.
  • 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

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

The course will build on basic insignts from the course Microeconomics 1: supply and demand functions, price elasticity, maximisation of utility, marginal cost vs average cost, profit maximisation etc. The students will need basic mathematical skills: linear, quadratic and logarithmic functions, derivatives, systems of equations...

Type of Assessment for UE in Q1

  • Written examination

Q1 UE Assessment Comments

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

Idem Term 2.

Type of Resit Assessment for UE in Q1 (BAB1)

  • N/A

Q1 UE Resit Assessment Comments (BAB1)

Not applicable.

Type of Teaching Activity/Activities

AAType of Teaching Activity/Activities
W-ANMI-004
  • Cours magistraux
  • Travaux pratiques
W-ANMI-008
  • Cours magistraux

Mode of delivery

AAMode of delivery
W-ANMI-004
  • Face to face
W-ANMI-008
  • Mixed

Required Reading

AA
W-ANMI-004
W-ANMI-008

Required Learning Resources/Tools

AARequired Learning Resources/Tools
W-ANMI-004Pindyck R., Rubinfeld D., (2017) Microéconomie, Pearson.

 
W-ANMI-008Pindyck R., Rubinfeld D., (2017) Microéconomie, Pearson.

 

Recommended Reading

AA
W-ANMI-004
W-ANMI-008

Recommended Learning Resources/Tools

AARecommended Learning Resources/Tools
W-ANMI-004Pindyck 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
W-ANMI-008Pindyck 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-004Not applicable
W-ANMI-008Not applicable
(*) 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 : 10/04/2021
20, place du Parc, B7000 Mons - Belgique
Tél: +32 (0)65 373111
Courriel: info.mons@umons.ac.be