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| ECON2244-1 | Political and social economics
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| Duration : | 48h Th, 12h Pr |
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| Credits/ECTS : |
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| Holder(s) : | Philippe Lebailly |
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| Language : | French language |
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| Course contents : | I. Microeconomic Analysis
1. Consumer's choice theory
1.1. The Utility fonction
1.2. Consumer's choice analysis
1.3. Elasticity
2. Producer's choice theory
2.1. Production fonction
2.2. Production costs
2.3. Sale receipts
3. Markets study
3.1. The Concept of market
3.2. Conditions for open competition
3.3. Price formation in open competition
3.4. Price formation in monopoly situation
II. Macroeconomic analysis
1. National accountancy
1.1. Introduction
1.2. Concepts and definitions
1.3. Rules of Consistency
2. Gross National Product
2.1. Production method
2.2. Income method
2.3. Expenditure method
3. Macroeconomic equilibriums
III. Money
1. Introduction and definition
2. History
3. The different forms of money
4. The demand of money
5. The output of money
6. The International Monetary System
7. The European Monetary System
IV. Economic Policy
1. Economic Policy
2. Budget policy
3. Globalisation |
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| Course objective : | - Introduction to basic political economic reasoning and to economic issues analysis
- To contribute to the general education of students by insisting on the analysis of economic policy problems related to European integration
After completing the course the student is expected to
Restore theoretical bases of micro- and macroeconomics
Interpret correctly a microeconomic statement
Resolve micro economic problems
Analyse data of the national accounting and data of the GNP
Understand the bases of the economic policy so elements relating to the monetary and budgetary policy |
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| Prerequisites : | -- SI101 - Fundamental statistics
-- MA101 - General mathematics (first part) |
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| Organization : | Lectures : 48h
Practical Works : 12h |
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| Written notes : | Notes of course |
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| Assessment : | Written examination (25%)
Oral examination (75%) |
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| Contacts : | Lebailly Philippe, (Professeur Ordinaire)
Bât. GE Gembloux Agro-Bio Tech
Passage des Déportés 2
5030 Gembloux
+32 81 622361
Philippe.Lebailly@ulg.ac.be |
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