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
• Mobilise communication skills in two languages other than French, both orally and in writing, as a presentation of an argument or piece of research in accordance with scientific ethics.
• Communicate in a clear and structured manner on issues of economics and management
• 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

Learning Outcomes of UE

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).

Content of UE

See learning activity.

Prior Experience

"Political economy 2" teaching unit.

Type of Assessment for UE in Q1

• N/A

Q1 UE Assessment Comments

Not applicable.

Type of Assessment for UE in Q2

• Presentation and works
• Written examination

Q2 UE Assessment Comments

Multiple choice questions (60%); open questions (40%). Optional paper at the beginning of the term.

Type of Assessment for UE in Q3

• Written examination

Q3 UE Assessment Comments

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

Type of Resit Assessment for UE in Q1 (BAB1)

• N/A

Q1 UE Resit Assessment Comments (BAB1)

Not applicable.