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HEC Management School - University of Liege
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Master in Economics
 |
Or
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Th
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Pr
 |
Au
 | Credits
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 Programme structure
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One-year master program (60 ECTS)
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Two-Year Master Program (120 ECTS)
 |
| 
Teaching focus
 |
| 
Professional focus in Economic Analysis and Public Governance
 |
| 
Professional focus in Economics and Finance
 |
| 
Research Focus
 |
 One-year master program (60 ECTS)
 |
 Compulsory courses
 |
| 
ECON2262-1
 | 
Industrial organization (english language) - Axel Gautier
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
ECON0258-1
 | 
European Economics (english language) - Joseph Tharakan
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
GMEM0017-1
 | 
Thesis - Collégialité
 |
 | -
 | -
 | -
 | 20
 |
 Optional courses
 |
|  With the agreement of the Jury, choose 6 courses not already followed, among :
 |
| 
ECON0213-1
 | 
Econometric methods - Eric Bonsang
 |
 | 30
 | 15
 | -
 | 5
 |
| 
Notice This course requires a good knowledge in quantitative methods (mathematics and statistics).
 | |
| 
ECON0307-1
 | 
International Macroeconomics (english language) - Lionel Artige
 | Q1
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0927-1
 | 
Advanced Microeconomics (english language) - Alain Jousten
 | Q1
 | 30
 | 15
 | -
 | 5
 |
| 
Notice This course requires a good knowledge in quantitative methods (mathematics and statistics).
 | |
| 
ECON2261-1
 | 
Monetary and financial economics - Lionel Artige, Danielle Sougné
 | Q2
 | 45
 | -
 | -
 | 5
 |
| 
ECON2259-1
 | 
Microeconomics and industrial economy - Axel Gautier, Bernard Thiry
 | Q2
 | 40
 | 15
 | -
 | 5
 |
| 
ECON2260-1
 | 
Economics of Globalization - Joseph Tharakan
 | Q1
 | 45
 | -
 | -
 | 5
 |
| 
ECON0091-1
 | 
Economic aspects of public finances - Alain Jousten
 | Q2
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0943-1
 | 
Labor economics (english language) - Mathieu Lefebvre
 | Q2
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0011-2
 | 
Economics of Development - Joseph Tharakan
 | Q1
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0007-2
 | 
Public Management and Transport Economics - Henry-Jean Gathon
 | Q2
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0098-2
 | 
Economic Geography (english language) - Joseph Tharakan (Even years)
 | Q2
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0928-1
 | 
Economics of Competition and Regulation (english language) - Axel Gautier
 | Q2
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0196-2
 | 
Public Economics (english language) - Alain Jousten
 | Q2
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0929-1
 | 
Games and Information Economics (english language) - Axel Gautier
 | Q1
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0064-3
 | 
History of Economic Thought (english language) - Goulven Rubin
 |
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0842-3
 | 
International Trade Economics (english language) - Joseph Tharakan
 | Q1
 | 30
 | 15
 | -
 | 5
 |
| 
FINA0051-1
 | 
Banking and Insurance (english language) - Fabien Boniver, Georges Hübner
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
ECON2276-1
 | 
Topics in Health Economics (english language) - Mélanie Lefevre
 |
 | 30
 | -
 | -
 | 5
 |
| 
ECON2275-1
 | 
Economics of Innovation (english language) - Lionel Artige
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
ECON0933-1
 | 
Advanced Macroeconomics (english language) - Lionel Artige
 | Q1
 | 30
 | 15
 | -
 | 5
 |
| 
Notice This course requires a good knowledge in quantitative methods (mathematics and statistics).
 | |
| [...] | One of the courses with options from the "Economic Analysis and Public Governance" option offered to students in their first year of the Masters in Economic Sciences (120 credits) | | | | | 5 |
 Two-Year Master Program (120 ECTS)
 |
 First Year
 |
 Compulsory courses
 |
| 
ECON0927-1
 | 
Advanced Microeconomics (english language) - Alain Jousten
 | Q1
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0091-1
 | 
Economic aspects of public finances - Alain Jousten
 | Q2
 | 30
 | 15
 | -
 | 5
 |
| 
Notice Students who have already taken this course must replace it by an optional course from the option "Economic Analysis and Public Governance".
 | |
| 
ECON0929-1
 | 
Games and Information Economics (english language) - Axel Gautier
 | Q1
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0307-1
 | 
International Macroeconomics (english language) - Lionel Artige
 | Q1
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0842-3
 | 
International Trade Economics (english language) - Joseph Tharakan
 | Q1
 | 30
 | 15
 | -
 | 5
 |
| 
ECON2262-1
 | 
Industrial organization (english language) - Axel Gautier
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
ECON0933-1
 | 
Advanced Macroeconomics (english language) - Lionel Artige
 | Q1
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0213-1
 | 
Econometric methods - Eric Bonsang
 |
 | 30
 | 15
 | -
 | 5
 |
 Optional courses
 |
|  Choose one language course out of the following :
 |
| 
Notice access to basic-level language courses is subject to a number of requirements - see the HEC regulations
 | |
| 
LANG1925-1
 | 
German 4 - Marie Mawhin
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1926-1
 | 
Advanced German 4 - Sylvia Deroose
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1927-1
 | 
Spanish 4 - Alexis Alvarez Barbosa, Véronique Peiffer
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1928-1
 | 
Advanced Spanish 4 - Nicole Grutman
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1929-1
 | 
Italian 4 - Christine Hanon
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1930-1
 | 
Advanced Italian 4 - Christine Hanon
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1931-1
 | 
Dutch 4 - Nicole Engelen, Lutgarde Nachtergaele, Baudoin Yans
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1932-1
 | 
Advanced Dutch 4 - Lutgarde Nachtergaele
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1933-1
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Elementary German 1 - Sylvia Deroose, Marie Mawhin
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1934-1
 | 
Elementary Spanish 1 - Alexis Alvarez Barbosa, Véronique Peiffer
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1936-1
 | 
Elementary Dutch 1 - Nicole Engelen
 |
 | 30
 | -
 | -
 | 5
 |
| 
LANG1954-1
 | 
French beginner level 1 - ISLV
 |
 | 30
 | -
 | -
 | 5
 |
| 
Notice this course is only open to non-French speaking students.
 | |
|  Choose one option from the following :
 |
| 
Notice each option given below is a prerequisite to access to the concerned focus, offered in 2nd year of Master.
 | |
|  Option "Economic Analysis and Public Governance"
 |
| 
ECON2263-1
 | 
Topics in Empirical Economics (english language) - Sergio Perelman
 |
 | 30
 | -
 | -
 | 5
 |
|  Choose two courses out of the following :
 |
| 
ECON2264-3
 | 
Public choices and budgeting
 |
 |
 |
 |
 | 5
 |
| | - | 
Part 1 : Public choices analysis - Bernard Jurion
 | | 15
 | -
 | -
 | |
| | - | 
Part 2 : Budgeting - Luc Leruth, Elisabeth Paul
 | | 15
 | -
 | -
 | |
| 
ECON0928-1
 | 
Economics of Competition and Regulation (english language) - Axel Gautier (Odd years)
 | Q2
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0740-2
 | 
Introduction to health economics - Fabienne Fecher-Bourgeois, Audrey Neuprez, Elisabeth Paul, Jean-Yves Reginster - [5h SEM]
 | Q2
 | 25
 | -
 | [+]
 | 5
 |
| 
ECON0011-2
 | 
Economics of Development - Joseph Tharakan
 | Q1
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0943-1
 | 
Labor economics (english language) - Mathieu Lefebvre
 | Q2
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0098-2
 | 
Economic Geography (english language) - Joseph Tharakan (Even years)
 | Q2
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0258-1
 | 
European Economics (english language) - Joseph Tharakan
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
ECON2266-1
 | 
Public finance and economic policy in Belgium and Europe - Alain Jousten, Bernard Jurion, Didier Reynders
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
GEST3035-1
 | 
Introduction to social economy and social entrepreneurship (english language) - Jacques Defourny
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
ECON2276-1
 | 
Topics in Health Economics (english language) - Mélanie Lefevre
 |
 | 30
 | -
 | -
 | 5
 |
| 
ECON2275-1
 | 
Economics of Innovation (english language) - Lionel Artige
 | Q2
 | 30
 | -
 | -
 | 5
 |
|  Option "Economics and Finance"
 |
| 
ECON2263-1
 | 
Topics in Empirical Economics (english language) - Sergio Perelman
 |
 | 30
 | -
 | -
 | 5
 |
|  Choose two courses out of the following :
 |
| 
FINA0053-1
 | 
Investments and Portfolio Management (english language) - Georges Hübner
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
FINA0051-1
 | 
Banking and Insurance (english language) - Fabien Boniver, Georges Hübner
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
FINA0060-1
 | 
Empirical Methods in Financial Markets (english language) - Cédric Heuchenne
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
FINA0052-1
 | 
Financial Derivatives (english language) - Aline Muller
 | Q2
 | 30
 | -
 | -
 | 5
 |
 Second year
 |
 Compulsory courses
 |
| 
ECON0064-3
 | 
History of Economic Thought (english language) - Goulven Rubin
 |
 | 30
 | 15
 | -
 | 5
 |
| 
GTFE0016-1
 | 
Final work - Collégialité
 |
 | -
 | -
 | -
 | 20
 |
 Optional courses
 |
|  Follow-up to the second language choice made in the 1st year of Master :
 |
| 
LANG1938-1
 | 
German 5 - Marie Mawhin
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1939-1
 | 
Advanced German 5 - Sylvia Deroose
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1940-1
 | 
Spanish 5 - Nicole Grutman
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1941-1
 | 
Advanced Spanish 5 - Véronique Peiffer
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1942-1
 | 
Italian 5 - Christine Hanon
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1943-1
 | 
Advanced Italian 5 - Christine Hanon
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1944-1
 | 
Dutch 5 - Doris De Laet
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1950-1
 | 
Advanced Dutch 5 - Doris De Laet
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1945-1
 | 
Elementary German 2 - Sylvia Deroose
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1946-1
 | 
Elementary Spanish 2 - Nicole Grutman
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1948-1
 | 
Elementary Dutch 2 - Claire de Lamotte
 |
 | 30
 | -
 | -
 | 5
 |
| 
LANG1955-1
 | 
French beginner level 2 - N...
 |
 | 30
 | -
 | -
 | 5
 |
| 
Notice this course is only open to non-French speaking students.
 | |
 Choose one focus from the following :
 |
|  Teaching focus
 |
|  Compulsory courses
 |
| 
AESS0202-1
 | 
General didactics: course and exercises ; observation placements ; reflexive practices - Annick Fagnant - [10h Internship]
 | TA
 | 30
 | 10
 | [+]
 | 4
 |
| 
AESS0313-1
 | 
Special teaching - course and exercises, Part 1 - Jean-Marie Dujardin
 | Q1
 | 35
 | -
 | -
 | 3
 |
| 
AESS0314-1
 | 
Special teaching - course and exercises, Part 2 - Jean-Marie Dujardin - Suppl : Pascal Renard
 | Q2
 | 40
 | -
 | -
 | 4
 |
| 
AESS0315-1
 | 
Teaching practice (including observation practice, teaching practice and reflexive practical work), Part 1 - Jean-Marie Dujardin
 | TA
 | -
 | 35
 | -
 | 3
 |
| 
AESS0316-1
 | 
Teaching practice (including observation practice, teaching practice and reflexive practical work), Part 2 - Jean-Marie Dujardin
 | Q2
 | -
 | 40
 | -
 | 5
 |
| 
AESS0246-1
 | 
Analysis of scolastic institutions and key-players, educational policies - Dominique Lafontaine
 | Q1
 | 15
 | -
 | -
 | 1
 |
| 
AESS0248-1
 | 
Elements of sociology of education - Jean-François Guillaume
 | Q2
 | 10
 | -
 | -
 | 1
 |
| 
AESS0140-1
 | 
Professional ethics and training to neutrality and citizenship - Anne Herla
 | Q2
 | 25
 | -
 | -
 | 2
 |
| 
AESS0004-1
 | 
Media education - Jérémy Hamers
 | Q1
 | 15
 | -
 | -
 | 1
 |
| 
AESS0143-1
 | 
Educational Psychology of adolescents and young adults - Annick Fagnant
 | Q1
 | 15
 | -
 | -
 | 2
 |
| 
AESS0339-1
 | 
Understand and manage the diversity of public schools - Ariane Baye
 | Q2
 | 10
 | 15
 | -
 | 3
 |
| 
AESS0251-1
 | 
Interdisciplinary focus - Annick Fagnant
 | Q2
 | 6
 | -
 | -
 | 1
 |
|  Professional focus in Economic Analysis and Public Governance
 |
| 
Notice focus open to students who have taken the "Economic Analysis and Public Governance" option during the 1st year of Master.
 | |
|  Compulsory courses
 |
| 
ECON0196-2
 | 
Public Economics (english language) - Alain Jousten
 | Q2
 | 30
 | 15
 | -
 | 5
 |
| 
GEST3061-1
 | 
Skills portfolio - Louis Esch, David Homburg
 | TA
 | -
 | -
 | -
 | 5
 |
| 
GSTG0011-1
 | 
Placement - Collégialité
 |
 | -
 | -
 | -
 | 10
 |
|  Optional courses
 |
|  Choose two courses out of the following :
 |
| 
ECON2264-3
 | 
Public choices and budgeting
 |
 |
 |
 |
 | 5
 |
| | - | 
Part 1 : Public choices analysis - Bernard Jurion
 | | 15
 | -
 | -
 | |
| | - | 
Part 2 : Budgeting - Luc Leruth, Elisabeth Paul
 | | 15
 | -
 | -
 | |
| 
ECON0928-1
 | 
Economics of Competition and Regulation (english language) - Axel Gautier (Odd years)
 | Q2
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0740-2
 | 
Introduction to health economics - Fabienne Fecher-Bourgeois, Audrey Neuprez, Elisabeth Paul, Jean-Yves Reginster - [5h SEM]
 | Q2
 | 25
 | -
 | [+]
 | 5
 |
| 
ECON0011-2
 | 
Economics of Development - Joseph Tharakan
 | Q1
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0943-1
 | 
Labor economics (english language) - Mathieu Lefebvre
 | Q2
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0098-2
 | 
Economic Geography (english language) - Joseph Tharakan (Even years)
 | Q2
 | 30
 | 15
 | -
 | 5
 |
| 
ECON0258-1
 | 
European Economics (english language) - Joseph Tharakan
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
ECON2266-1
 | 
Public finance and economic policy in Belgium and Europe - Alain Jousten, Bernard Jurion, Didier Reynders
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
GEST3035-1
 | 
Introduction to social economy and social entrepreneurship (english language) - Jacques Defourny
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
ECON2276-1
 | 
Topics in Health Economics (english language) - Mélanie Lefevre
 |
 | 30
 | -
 | -
 | 5
 |
| 
ECON2275-1
 | 
Economics of Innovation (english language) - Lionel Artige
 | Q2
 | 30
 | -
 | -
 | 5
 |
|  Professional focus in Economics and Finance
 |
| 
Notice focus open to students who have taken the option "Economics and Finance" during the 1st year of master.
 | |
|  Compulsory courses
 |
| 
ECON0196-2
 | 
Public Economics (english language) - Alain Jousten
 | Q2
 | 30
 | 15
 | -
 | 5
 |
| 
GEST3061-1
 | 
Skills portfolio - Louis Esch, David Homburg
 | TA
 | -
 | -
 | -
 | 5
 |
| 
GSTG0011-1
 | 
Placement - Collégialité
 |
 | -
 | -
 | -
 | 10
 |
|  Optional courses
 |
|  Choose 2 courses, not taken previously, from the following :
 |
| 
DROI8026-1
 | 
Law and Taxation of Financial Institutions - Denis-Emmanuel Philippe
 |
 | 24
 | -
 | -
 | 5
 |
| 
FINA0054-1
 | 
Fund Industry (english language) - Danielle Sougné
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
FINA0023-4
 | 
Financial Risk Management (english language) - Georges Hübner
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
FINA0062-1
 | 
Financial Economics (english language) - Georges Hübner
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
FINA0028-5
 | 
International Finance (english language) - Aline Muller
 | Q2
 | 30
 | -
 | -
 | 5
 |
|  Research Focus
 |
|  Compulsory courses
 |
| 
ECON0935-1
 | 
Training Seminar for Research in Economics - Joseph Tharakan
 | Q2
 | 36
 | -
 | -
 | 6
 |
| 
GTRA0007-1
 | 
Work related to the Final Thesis - Collégialité
 |
 | -
 | -
 | -
 | 9
 |
|  Optional courses
 |
|  Choose three of the following courses :
 |
| 
Notice these classes aim to familiarise students with research into economics and high level scientific literature. This consists of classes and seminars followed in other faculties or other Belgian or foreign universities.
 | |
| [...] | Courses and seminars of other faculties or universities | | | | | 5 |