Study programme 2017-2018 | Français | ||
Advanced Economics | |||
Programme component of Bachelor 's Degree in Economics and Management à la Warocqué School of Business and Economics |
Code | Type | Head of UE | Department’s contact details | Teacher(s) |
---|---|---|---|---|
UW-B3-SCECGE-016-M | Compulsory UE | MAHY Benoît | W718 - Analyse économique du travail |
|
Language of instruction | Language of assessment | HT(*) | HTPE(*) | HTPS(*) | HR(*) | HD(*) | Credits | Weighting | Term |
---|---|---|---|---|---|---|---|---|---|
| Français | 35 | 25 | 0 | 0 | 0 | 5 | 5 | 2nd term |
AA Code | Teaching Activity (AA) | HT(*) | HTPE(*) | HTPS(*) | HR(*) | HD(*) | Term | Weighting |
---|---|---|---|---|---|---|---|---|
W-AETR-023 | Labour Economics Seminar | 0 | 15 | 0 | 0 | 0 | Q2 | 30.00% |
W-ANMI-003 | Microeconomics 3 | 15 | 0 | 0 | 0 | 0 | Q2 | 30.00% |
W-AEIN-002 | Macroeconomic 2 | 20 | 10 | 0 | 0 | 0 | Q2 | 40.00% |
Programme component | ||
---|---|---|
UW-B2-SGEGIG-001-M Microeconomics 1 | ||
UW-B2-SGEGIG-002-M Macroeconomics 1 |
Objectives of Programme's Learning Outcomes
Learning Outcomes of UE
This UE first covers a Seminar in labour economics, during which students learn how to apply labour economics concepts and mecanisms to a topic related to wages. They also learn how to build a rigorous and well-argued approach in order to suggest policy recommandations with respect to the investigated topic. This UE also covers Microeconomic complements through Microeconomics 3 lectures, where students are able to understand basic mechanisms explaining the relations between economic agents observed among actual markets, and to carefully consider simplifying assumptions coming from marginalism. Next, Macroeconomics 2 allows students to: get familiar with major theories of growth and of medium term macroeconomics under floating rates; get acquainted with the use of business cycle indicators and of simulation models for policy purposes; get an historical perspective on current developments by reading selected classical texts and analyses of significant episodes.
Content of UE
This UE first covers a Seminar in labour economics, during which groups of students analyse each a topic related to wage determination (bargaining, wage determination at the firm level, wage discrimination,...). They consider recommended references and also search for additional references in order to realise a survey that enables then to answer three questions, namely (i) what does the topic consist of and how can it be understood (what are the underlying mechanisms)? (ii) what happens with respect to Belgian and/or European evidence? (iii) what kind of policies could be suggested? Papers have first to be written and next to be presented and discussed. This UE also covers Microeconomics 3. The course will develop the main foundations of price theory, investment theory, behavioural economics, market failures and related regulations. The students will make four presentations: a discussion based on a case study of an industrial firm, two presentations based on two scientific articles and a summary based on a book written by a Nobel prize winner in economics. Both the articles and the book can be chosen by the student. Next, Macroeconomics 2 proposes to cover the following contents: Solow growth model; endogenous growth; medium term equilibria under floating rates (Mundell-Fleming); business cycle indicators; macroeconomic models and forecasts; variable themes chosen in function of current macroeconomic developments (e.g., Solow growth model; endogenous growth; medium term equilibria under floating rates (Mundell-Fleming); business cycle indicators; macroeconomic models and forecasts; variable themes chosen in function of current macroeconomic developments (e.g., analyses of the sovereign debt crisis), and discussion of classical texts.
Prior Experience
UW-B2-SGEGIG-001-M – Microeconomics 1 ; UW-B2-SGEGIG-002-M – Macroeconomics; UW-B2-SCECGE-015-M - Labour economics
Type of Assessment for UE in Q2
Q2 UE Assessment Comments
The evaluation of the Seminar in labour economics is based on the quality of the paper in order to answer the three questions, of the oral presentation and the discussion. The evaluation in Macroeconomics 2 is based on a written examination, an oral presentation and a work.
Type of Assessment for UE in Q3
Q3 UE Assessment Comments
The evaluation of the Seminar in labour economics is based on the quality of the paper in order to answer the three questions, of the oral presentation and the discussion. The evaluation in Macroeconomics 2 is based on a written examination, an oral presentation and a work.
Type of Teaching Activity/Activities
AA | Type of Teaching Activity/Activities |
---|---|
W-AETR-023 |
|
W-ANMI-003 |
|
W-AEIN-002 |
|
Mode of delivery
AA | Mode of delivery |
---|---|
W-AETR-023 |
|
W-ANMI-003 |
|
W-AEIN-002 |
|
Required Reading
AA | |
---|---|
W-AETR-023 | |
W-ANMI-003 | |
W-AEIN-002 |
Required Learning Resources/Tools
AA | Required Learning Resources/Tools |
---|---|
W-AETR-023 | Not applicable |
W-ANMI-003 | Not applicable |
W-AEIN-002 | Bénassy-Quéré, A. et al. (2012), Politique économique, 3d ed., Brussels: De Boeck. Burda, M. and C. Wyplosz (2014), Macroéconomie, une perspective européenne, 6th ed., Brussels: De Boeck (especially ch. 3, 4, 13, 16). Various papers of the IMF and trhe European Commission. Various classical texts (Fisher, Keynes, Minsky...). |
Recommended Reading
AA | |
---|---|
W-AETR-023 | |
W-ANMI-003 | |
W-AEIN-002 |
Recommended Learning Resources/Tools
AA | Recommended Learning Resources/Tools |
---|---|
W-AETR-023 | Not applicable |
W-ANMI-003 | Not applicable |
W-AEIN-002 | Not applicable |
Other Recommended Reading
AA | Other Recommended Reading |
---|---|
W-AETR-023 | Not applicable |
W-ANMI-003 | Not applicable. |
W-AEIN-002 | Not applicable |
Grade Deferrals of AAs from one year to the next
AA | Grade Deferrals of AAs from one year to the next |
---|---|
W-AETR-023 | Authorized |
W-ANMI-003 | Authorized |
W-AEIN-002 | Authorized |