Objectives of general skills

• Develop and integrate a high degree of autonomy.
• Pursue further training and develop new skills independently.

UE's Learning outcomes

This unit focuses on short to medium term open economy macroeconomics (determination of GDP, unemployment and inflation). It aims at enabling the students to :
- use the national accounts (including balance of payments and public finance data);
- master the behavioural underpinnings of macroeconomic equilibria (consumption, investment, money demand and supply, Taylor rule <i style="mso-bidi-font-style:normal">TR</i>);
- understand fix-price equilibria (<i style="mso-bidi-font-style:normal">IS/TR</i>; Mundell-Fleming under fixed and floating exchange rates) and flex-price equilibria (Phillips curve, aggregate demand and supply);
- apply the notions above to current economic policy issues  (especially fiscal and monetary policy).

UE Content

See learning activity.

Prior experience

Not required.

Term 1 for Integrated Assessment - type

• N/A

Term 1 for Integrated Assessment - comments

Not applicable.

Term 2 for Integrated Assessment - type

• Presentation and works
• Written examination

Term 2 for Integrated Assessment - comments

Questions à choix multiples (60%) et questions ouvertes (40%). Travail facultatif en début de quadrimestre.

Term 3 for Integrated Assessment - type

• Written examination

Term 3 for Integrated Assessment - comments

See term 2. The marks of the optional paper are carried over.

Resit Assessment for IT - Term 1 (B1BA1) - type

• N/A

Resit Assessment for IT - Term 1 (B1BA1) - Comments

Not applicable