Organisational arrangements for the end of Q1 2020-2021 assessments (Covid-19) online or face-to-face (according to assessment schedule)

• Written exam (multiple choice, open questions)

Description of the modifications to the Q1 2020-2021 online assessment procedures (Covid-19) online or face-to-face (according to assessment schedule)

The student, according to the instructions given by the Professor, will log into MOODLE at a specified time in the schedule of the exam session, in order to pass the written test in synchronous version in limited time. It will be a standardized QCM and/or True-False testing aiming to test the student's theoretical and practical learnings of economics. Note that the exam will be made of two distinct parts: one dedicated to microeconomics, the other dedicated to macroeconomics.

Content of Learning Activity

Regarding the part dedicated to microeconomic analysis, here is the list of topics likely to be covered:
PART 1 - The consumer
      1) Consumer behavior
      2) Consumer preferences  
      3) Budget constraints
      4) Consumer choice
      5) Marginal utility and consumer choice
      6) Individual demand
      7) The income effect and the substitution effect
      8) Market demand
      9) Uncertainty
PART 2 - The producer
     10) Firm and production decisions
     11) Production with one variable factor, with two variable factors
     12) Returns to scale
     13) Cost measurement
     14) The cost of short term, long term and cost curves
PART 3 - The market
     15) Perfect competition
     16) Marginal revenue, marginal cost and profit maximization
     17) The choice of the level of production in the short term, in the long term
     18) The short-term supply curve of a competitive firm, of the branch
     19) The industry's long-term supply curve
     20) Monopoly
     21) Monopsony
     22) Monopolistic competition
     23) Oligopoly
     24) Competition versus collusion: the prisoner's dilemma

Regarding the part dedicated to macroeconomic analysis, here is the list of topics likely to be covered:
PART 1 - Introduction to Macroeconomics
     1) What is macroeconomics - History, utility.
     2) Playing with the macroeconomic vocabulary and measurement methods.
PART 2 - The economy in the long term
     3) The classical model of national income
     4) The monetary system
     5) Monetary policy. The components of classical monetary theory
     6) The open economy in full employment
     7) The end of full employment - unemployment
PART 3 - The economy in the short term
     8) Economic fluctuations
     9) Aggregated Demand - IS/TR Model
     10) Aggregated demand in the open economy 
     11) Aggregated supply
PART 4 - Public Debt and Budget Deficit
     12) Introduction to the public debt  

Required Learning Resources/Tools

Pindyck, R. et Rubinfeld, D. (2018), Microéconomics, 9ème éd. - Ed. : Pearson Education
Mankiw, G. N. (2017), Macroeconomics, 7th Ed. Brussels: De Boeck University.

Recommended Learning Resources/Tools

Not applicable

Other Recommended Reading

Not applicable

Mode of delivery

• Mixed

Type of Teaching Activity/Activities

• Cours magistraux
• Travaux pratiques

Evaluations

The assessment methods of the Learning Activity (AA) are specified in the course description of the corresponding Educational Component (UE)