ECON2290-1 : Introduction to Macroeconomic Analysis

Study Programmes 2015-2016

ECON2290-1

Introduction to Macroeconomic Analysis

Duration :

30h Th, 12h Pr

Number of credits :

Bachelor in law		3

Lecturer :

Fabienne Fecher-Bourgeois

Language(s) of instruction :

French language

Organisation and examination :

Teaching in the second semester

Units courses prerequisite and corequisite :

Prerequisite or corequisite units are presented within each program

Course contents :

- Presentation of fundamental aspects of economic mechanisms.
- National accounting.
- Analysis of the national economy, consumption and savings, investment. Calculation of National Revenue level and study of budgetary policy instruments (taxation and public expenditures).
- Analysis of monetary policy, money supply and demand.
- Inflation and unemployment.
- Study of international economic relations.

Learning outcomes of the course :

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 national and international economy ;
- Represent graphically the relations between economic variables ;
- 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.

Prerequisite knowledge and skills :

Nil.

Planned learning activities and teaching methods :

12h of tutorials

Mode of delivery (face-to-face ; distance-learning) :

Lectures ans tutorials. Coaching The course includes tutorial sessions and exercises. Several groups are organised, each under the guidance of a student acting as a coach.