Objectives of Programme's Learning Outcomes

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

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

Not required.

Type of Assessment for UE in Q2

• Presentation and/or works
• Written examination

Q2 UE Assessment Comments

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

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.