Study programmeFrançais
Microeconomics 2
Programme component of Master's Degree in Management à la Warocqué School of Business and Economics
CodeTypeHead of UE Department’s
contact details
Teacher(s)
UW-M2-SCGEST-019-MCompulsory UEVENMANS FrankW701 - FWEG - Service du Doyen
  • VENMANS Frank

Language
of instruction
Language
of assessment
HT(*) HTPE(*) HTPS(*) HR(*) HD(*) CreditsWeighting Term
  • Français
Français20100003.003.00

AA CodeTeaching Activity (AA) HT(*) HTPE(*) HTPS(*) HR(*) HD(*) Term Weighting
W-ANMI-007Microeconomics 22010000Q1100.00%
Unité d'enseignement

Objectives of Programme's Learning Outcomes

  • Mobilise expertise in at least one area of management.
    • Master the principal decision-making processes of a company.
    • Contribute to the development of innovative tools and solutions.
  • Professionally communicate and present original work both orally and in writing.
    • Conduct scientific reasoning on complex or innovative management issues.
    • Present and structure data in a clear, precise, neutral, and non-oriented way.
  • Prioritise responsible management practices.
    • Innovate in the development of methodologies and tools for analysis and decision-making in management.
  • Understand interactions between companies and their socio-economic environments.
    • Master and appropriately mobilise knowledge and methodological approaches to understand and explain interactions between companies and their environment.

Learning Outcomes of UE

To develop an intuitive understanding of models on 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, maximization of monopoly profits, game theory, models based on asymmetric information, consumer surplus and producer surplus in different market structures (partial equilibrium models), general equilibrium, market failures and regulations that will decrease market failures.

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

The written examination will have 3 parts :
• Multiple choice questions (40% of the marks)
• Questions on applications of the theory (20% of the marks)
• Exercises (cfr. ‘Exercises’ in the book, 40% of the marks)
A written test during the course (announced in advance) will allow to obtain a bonus for the final mark.

Type of Assessment for UE in Q2

  • N/A

Q2 UE Assessment Comments

Not applicable.

Type of Assessment for UE in Q3

  • Written examination

Q3 UE Assessment Comments

See term 1.

Type of Resit Assessment for UE in Q1 (BAB1)

  • Written examination

Q1 UE Resit Assessment Comments (BAB1)

See term 1.

Type of Teaching Activity/Activities

AAType of Teaching Activity/Activities
W-ANMI-007
  • Cours magistraux
  • Travaux pratiques

Mode of delivery

AAMode of delivery
W-ANMI-007
  • Face to face

Required Reading

AA
W-ANMI-007

Required Learning Resources/Tools

AARequired Learning Resources/Tools
W-ANMI-007Pindyck R., Rubinfeld D., (2012) Microéconomie, Pearson.

Recommended Reading

AA
W-ANMI-007

Recommended Learning Resources/Tools

AARecommended Learning Resources/Tools
W-ANMI-007There 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-007Not applicable

Grade Deferrals of AAs from one year to the next

AAGrade Deferrals of AAs from one year to the next
W-ANMI-007Autorisé
Date de génération : 17/03/2017
20, place du Parc, B7000 Mons - Belgique
Tél: +32 (0)65 373111
Courriel: info.mons@umons.ac.be