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| ECON0103-2 | Political Economics
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| Duration : | 60h Th, 30h QA Sess. |
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| Number of credits : |
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| Lecturer : | Fabienne Fecher-Bourgeois |
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Language(s) of instruction :
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| French language |
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Organisation and examination :
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| All year long, with partial in January |
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Course contents :
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| - Presentation of fundamental aspects of economics and market mechanisms.
- Behavioral analysis of economic forces, study of consumer behavior and industrial production. Study of different market types : competition, monopoly,...
- National accounting
- Analysis of the national economy, consumption and savings, investment, taxation and public expenditure. Calculation of National Revenue level and study of budgetary policy instruments.
- Analysis of monetary policy, money supply and demand.
- Inflation and unemployment.
- Study of international economic relations. |
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Learning outcomes of the course :
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| At the end of the course, the student will be able to:
- Define with appropriate terms the main economic concepts;
- Understand and explain behaviors and fundamental mechanisms on the level of both individual agents (firms, consumers) and national and international economy;
- Represent graphically the relations between economic variables on the level of both micro- and macroeconomic analysis;
- Explain with a graph the impact of the variation of an economic variable on another (comparative statics);
- Synthesize various texts (articles from economic journals or press) in order to complete the oral class;
- Interpret current statistics on aggregates and macroeconomic variables (GDP, public expenditures and taxes, unemployment, inflation, ...);
- Calculate, through simple numerical exercises, economic variables using theoretical models and formulas studied in the class. |
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Prerequisites and co-requisites/ Recommended optional programme components :
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| Nil.
Links to other courses : The study of the market behaviour of companies in conditions of competition and monopoly forms the economic basis for certain courses in Commercial Law and Economic Law.
The analysis of international economic and trade relations is necessary for courses in International Law and European Law. |
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Planned learning activities and teaching methods :
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| 30h of tutorials |
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Mode of delivery (face-to-face ; distance-learning) :
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| Yearly courses. Lectures ans tutorials.
Coaching
Throughout the year, the course includes tutorial sessions and exercises. Several groups are organised, each under the guidance of a student acting as a coach. |
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Recommended or required readings :
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- Jurion, B., 2013, Economie politique, De Boeck.
- Tutorial book available on MyULg.
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Assessment methods and criteria :
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| Written examination in January, June and September |
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Work placement(s) :
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Organizational remarks :
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Contacts :
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| Professor :
F. FECHER, Bureau I.61A - Tél: 04/366 30 69 Email : ffecher@ulg.ac.be
Assistant :
G. MAHIELS, Bureau I.60, Tél : 04 366 48 90 Email : gaelle.mahiels@ulg.ac.be(francoise.fortemps@ulg.ac.be
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Assistant-students :
Céline JOISTEN; Charlotte PEIFFER; Benjamin PIRLET; Thibaud SARTENAR; Laura VERVIER; Manon WUINE
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| Items online : |
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| Microeconomics exercises book |
| Available on myulg |
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