| Code | Lecturer(s) | Associate Lecturer(s) | Subsitute Lecturer(s) et other(s) |
|---|---|---|---|
| W-AETR-019 |
|
| Language of instruction | Language of assessment | HT(*) | HTPE(*) | HTPS(*) | HR(*) | HD(*) | Term |
|---|---|---|---|---|---|---|---|
| Français | Français | 36 | 14 | 0 | 32 | 0 | Q1 |
Contents
The course structure consists of 5 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
Required Reading
Required Learning Resources/Tools
Not applicable
Recommended Reading
Recommended Learning Resources/Tools
Not applicable
Other Recommended Reading
Sloman, J., Wride, A. and Garratt, D. (2014), <i style="mso-bidi-font-style: normal;">Economics</i>, Pearson Education Limited
Mode of delivery
- Face to face
Term 1 Assessment - type
- Written examination
Term 1 Assessment - comments
A 2 hours 45’ written examination is organised in January. It consists of 10 multiple choice questions (6 points) in order to test for students’ ability to understand and apply concepts, of 2 long questions (10 points) to test for understanding and assimilating concepts, and of 2 graded exercises (4 points) to test whether students can mobilize concepts in order to solve problems
Term 2 Assessment - type
- N/A
Term 2 Assessment - comments
Not applicable
Term 3 Assessment - type
- Written examination
Term 3 Assessment - comments
A 1 hour written examination is organised in August. It consists of 3 multiple choice questions (6 points) in order to test for students’ ability to understand and apply concepts, of 1 long question (10 points) to test for understanding and assimilating concepts, and of 1 graded exercise (4 points) to test whether students can mobilize concepts in order to solve problems
Resit Assessment - Term 1 (B1BA1) - type
- Written examination
Resit Assessment - Term 1 (B1BA1) - Comments
A 1 hour written examination is organised in June for students that did not pass in January. It consists of 3 multiple choice questions (6 points) in order to test for students’ ability to understand and apply concepts, of 1 long question (10 points) to test for understanding and assimilating concepts, and of 1 graded exercise (4 points) to test whether students can mobilize concepts in order to solve problems
Type of Teaching Activity/Activities
- Cours (cours magistraux; conférences)
- Travaux pratiques / travaux de laboratoire / exercices de création et recherche en atelier / projet sur ordinateur /études de cas
- Remédiations intégrées à un type d'AA