Study programme 2022-2023 | Français | ||
Economics - AAEP | |||
Learning Activity |
Code | Lecturer(s) | Associate Lecturer(s) | Subsitute Lecturer(s) et other(s) | Establishment |
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W-FPFI-003 |
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Language of instruction | Language of assessment | HT(*) | HTPE(*) | HTPS(*) | HR(*) | HD(*) | Term |
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Français | Français | 34 | 20 | 0 | 0 | 0 | Q1 |
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
Type of Teaching Activity/Activities
Evaluations
The assessment methods of the Learning Activity (AA) are specified in the course description of the corresponding Educational Component (UE)