|Study programme 2020-2021||Français|
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|
|Code||Type||Head of UE|| Department’s |
|UW-B3-SGEGIG-005-M||Compulsory UE||DUPREZ Cédric||W707 - Analyse microéconomique|
|AA Code||Teaching Activity (AA)||HT(*)||HTPE(*)||HTPS(*)||HR(*)||HD(*)||Term||Weighting|
|W-ANMI-004||Advanced Microeconomics - AAEP||17||10||0||0||0||Q1|
|W-ANMI-008||Advanced Microeconomics - AAEHP||3||0||0||0||0||Q1|
Objectives of Programme's Learning Outcomes
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.
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
Q1 UE Assessment Comments
Type of Assessment for UE in Q2
Q2 UE Assessment Comments
Type of Assessment for UE in Q3
Q3 UE Assessment Comments
Idem Term 2.
Type of Resit Assessment for UE in Q1 (BAB1)
Q1 UE Resit Assessment Comments (BAB1)
Type of Teaching Activity/Activities
|AA||Type of Teaching Activity/Activities|
Mode of delivery
|AA||Mode of delivery|
Required Learning Resources/Tools
|AA||Required Learning Resources/Tools|
|W-ANMI-004||Pindyck R., Rubinfeld D., (2017) Microéconomie, Pearson.|
|W-ANMI-008||Pindyck R., Rubinfeld D., (2017) Microéconomie, Pearson.|
Recommended Learning Resources/Tools
|AA||Recommended Learning Resources/Tools|
|W-ANMI-004||Pindyck 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-008||Pindyck 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
|AA||Other Recommended Reading|