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| ECON0107-2 | Introduction to economic analysis
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| Duration : | 40h Th, 12h Pr |
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| Number of credits : |
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| Lecturer : | Henry-Jean Gathon |
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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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| Teaching in the first semester, review in January |
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Course contents :
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| Consumer Theory:
- Budget Constraint
- Preferences
- Utility
- Choice
- Demand
- Slutsky Equation
- Buying and Seling
- Intertemporal Choices
- Consumer's Surplus
Firm Theory:
- Technology
- Profit Maximization
- Cost Minimization
- Cost Curves
- Firm Supply
Markets:
- Market Demand
- Industry Supply
- Equilibrium
- Monopoly;
- Monopoly Behavior
- Oligopoly
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Learning outcomes of the course :
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| At the end of the course, the student must be able to:
- Identify and define economic concepts
- Use economic tools
- Based on exercises, determine the optimal choices of various agents (consumers, firms, etc.)
- Explain and represent on a graph economic mechanisms
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Prerequisites and co-requisites/ Recommended optional programme components :
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| Economics 100 + basic mathematics |
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Planned learning activities and teaching methods :
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| By a Teaching assistant, coordinated by the Assistant |
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Mode of delivery (face-to-face ; distance-learning) :
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| Face-to-face + Exercices sessions |
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Recommended or required readings :
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| Hal VARIAN, "Introduction à la microéconomie", Bruxelles, Editions De Boeck, 2011, Traduit de l'anglais par Bernard Thiry.
Macroeconomics: handout to students |
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Assessment methods and criteria :
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| First (January) session: written examSecond session: written exam |
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Work placement(s) :
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Organizational remarks :
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Contacts :
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| Professor:
H.J. GATHON, Phone : 04 366 27 78, hj.gathon@ulg.ac.be
Assistant:Arjeta ALIAJ, tél : 04 366 3108, a.aliaj@ulg.ac.be |
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