University of Liege | Version française
	Study programmes 2012-2013 Last update : 18/06/2013
	ECON2259-1   Microeconomics and industrial economy Duration :   40h Th, 15h Pr Number of credits :   Bachelor degree in Economics and Management, 2nd year 5 Bachelor degree in Business Engineering, 2nd year 5 One-year preliminary programme leading to the Master in Economics, general orientation 5 One-year preliminary programme leading to the Master in Management 5 Master degree in Economics 5 Lecturer :   Axel Gautier, Bernard Thiry Coordinator :   Axel Gautier Language(s) of instruction :   French language Organisation and examination :   Teaching in the second semester Course contents :   Part 1: Microeconomics Budget Constraint Preferences Utility Choice Demand Slutsky Equation Intertemporal Choice Uncertainty Consumer's Surplus Market Demand Equilibrium Auctions Technology Profit Maximization Cost Minimization Part 2: Industrial Economics Costs Competition and Monopoly Cournot Equilibrium and Applications Bertrand Equilibrium, Collusion and Market Power Leadership Electricity Market Applications Learning outcomes of the course :   At the end of the course, the student must be able to: Identify and define microeconomic concepts Use microeconomic tools Apply microeconomic tools to Industrial Organization Based on exercises, determine the optial choices of various agents (consumers, firms, etc.) Explain and represent on a graph microeconomic mechanisms Prerequisites and co-requisites/ Recommended optional programme components :   Introduction to economics Knowledge of multivariate analysis Planned learning activities and teaching methods :   Class 2h30/week Exercises 2h/every two weeks Use of Lol@ Mode of delivery (face-to-face ; distance-learning) :   Recommended or required readings :   Varian H. (2011), Introduction à la microéconomie, 7° édition en français, De Boeck. Exercises available on Lol@. Assessment methods and criteria :   Written exam Work placement(s) :   Organizational remarks :   Class on Friday 8h00 - 10h30, BAT B31 (2° semester) Contacts :   Axel Gautier Departement d'économie, HEC-ULg Bat B31, bureau I.49 Bd du rectorat 7 4000 Liège Email: agautier@ulg.ac.be Assistant: Sophie Reginster Departement d'économie, HEC-ULg Bat B31, bureau I.59 Bd du rectorat 7 4000 Liège Email: Sophie.Reginster@ulg.ac.be Tel : 04 366 32 26 Home Search by Faculty Search by teacher Search by course code and title
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