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| ECON0070-1 | Political Economy
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| Duration : | 80h Th, 40h Pr |
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| Credits/ECTS : |
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| Holder(s) : | Bernard Jurion |
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| Language : | French language |
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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).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, money supply and demand, aggregate demand and supply, growth and cycles, unemployment and inflation, balance of payments, economics of exchange rates. Lectures upon economic policy will be done by G. Quaden and D. Reynders |
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| Course objective : | To provide a basic knowledge in economics by analyzing and explaining individual (microeconomics) and general (macroeconomics) behaviour. |
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| Prerequisites : | None. |
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| Workshops : | During 20 sessions of 2h, exercises are given in small groups of students in order to present the chapters of the course in a practical way. |
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| Organization : | First and second semester, 80 hours (+ 40 hours of exercises). |
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| Written notes : | -Jurion, B., Economie politique, 3rd edition, De Boeck Université, 2006.
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 : | Written (microeconomics and exercises in macroeconomics) and oral exam (theory in macroeconomics), first and second session.
Students can obtain an exemption for the first part in microeconomics by a test which is organized after the first semester. |
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| Contacts : | Professor: B. JURION, Building B31, Room 1/55 - Phone: 04/366.30.47, e-mail: b.jurion@ulg.ac.be
Teaching assistants:
M. LEFEBVRE, Building B31, Room 1/57 - Phone: 04/366.30.42, e-mail: mathieu.lefebvre@ulg.ac.be
N. DE ZOTTI, Bât. N1, Local 332 - Tél.: 04/232.72.08, e-mail : Nadia.deZotti@ulg.ac.be |
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