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| ECON0070-1 | Political Economy
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| Duration : | 80h Th, 40h Pr |
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| Number of credits : |
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| Lecturer : | Bernard Jurion |
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Language(s) of instruction :
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| French language |
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Course contents :
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| 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. |
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Learning outcomes of the course :
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| The student must be able:
- to explain and to analyse individual (microeconomics) and general (macroeconomics) behaviour;
- to understand and to explain, in a critical perspective, the relations between the main economic variables. |
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Prerequisites and co-requisites/ Recommended optional programme components :
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| None. |
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Planned learning activities and teaching methods :
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| Ex cathedra presentations.
During sessions of 1h30, exercises are given in small groups of students in order to present the chapters of the course in a practical way.
Lectures upon economic policy will be done by external personalities. |
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Mode of delivery (face-to-face ; distance-learning) :
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| Face-to-face.
First and second semester, 80 hours (+ 40 hours of exercises). |
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Recommended or required readings :
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| -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 methods and criteria :
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| Written (microeconomics) and oral exam (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 :
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| 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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