University of Liege | Version française
	Academic year 2014-2015 Value date : 12/05/2015
	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 One-year preliminary programme leading to the Master in Business Engineering 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 curves Firm supply Monopoly Energy market Monopoly behavior Oligopoly Economics of the internet 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 Understand the nature of competition between firms Based on exercises, determine the optial choices of various agents (consumers, firms, etc.) Explain and represent on a graph microeconomic mechanisms These learning outcomes contribute to develop the 2, 3 and 6 ILO. Prerequisites and co-requisites/ Recommended optional programme components :   Introduction to economics (Econ 0070) or equivalent Mathematics (Math 0055, Math 0058) or equivalent 10 and 16 ILO Planned learning activities and teaching methods :   Class 2h30/week Exercises 2h/every two weeks Use of Moodle Mode of delivery (face-to-face ; distance-learning) :   Face-to-face learning Exercises in smaller groups Recommended or required readings :   Required readings: Varian H. (2011), Introduction à la microéconomie, 7° édition en français, De Boeck. « Industrial economics » theoric slides available on Moodle. Exercises available on Moodle. Assessment methods and criteria :   Written exam Work placement(s) :   Organizational remarks :   Class on Friday 8h00 - 10h30 (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: Mélanie Lefèvre Departement d'économie, HEC-ULg Bat B31, bureau I.57 Bd du rectorat 7 4000 Liège Email: Melanie.Lefevre@ulg.ac.be Tel : 04 366 30 42 Home Bachelors, masters, advanced master et AESS Lifelong Learning Education Doctorat (Ph.D.) Search by teacher Search by course code and title
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