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| ECON0323-1

 | First principles of economics

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| Duration : | 30h Th | |
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| Holder(s) : | Bernard Jurion | |
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| Course contents :
| The purpose of this course is to familiarize students with basic economic mechanisms by analyzing individual behaviour (microeconomics) and general behaviour (macroeconomics). Special attention is given to their applications for future engineers. The course covers topics in the following two areas: · Microeconomic approach: theory of demand, theory of production and costs, perfect competition, monopoly and price discrimination, oligopoly and monopolistic competition. · Macroeconomic approach: national accounting, consumption and investment, national income equilibrium, budgetary policy, international trade, balance of payments, exchange rate systems, aggregate demand and supply, unemployment and inflation. | |
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| Course objective :
| To provide a basic knowledge in economics by analyzing and explaining individual (microeconomics) and general (macroeconomics) behaviour. Special attention is given to applications for future engineers. | |
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| Organization :
| Ex cathedra presentations. Optional review sessions are also organized. | |
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| Written notes :
| ·Jurion, B., Economie politique, 2e édition, De Boeck Université, 2003. ·References: - Fischer, S., Dornbusch, R. and Schmalensee, R., Economics, Mc Graw-Hill. - Samuelson, P.A. and Nordhaus, W.D., Economics, Mc Graw-Hill. | |
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| Assessment :
| Oral exam with written preparation (1st session) and written exam (2nd session). | |
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| Contacts :
| Professor: B. Jurion, Building B31, Room 1/49 - Phone: 04/366.30.47, e-mail: b.jurion@ulg.ac.be
Teaching assistant: G. Küpper, Building B31, Room 1/57 - Phone: 04/366.30.42, e-mail: g.kupper@ulg.ac.be | |
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| Remarks :
| Website of the service : www.ecopo.hec.ulg.ac.be (http://www.ecopo.hec.ulg.ac.be/) | |
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