ECON0323-1 : First principles of economics

Study Programmes 2016-2017

ECON0323-1

First principles of economics

Duration :

30h Th

Number of credits :

Bachelor in engineering		3
Bachelor in mathematics		3

Lecturer :

Henry-Jean Gathon

Language(s) of instruction :

French language

Organisation and examination :

Teaching in the first semester, review in January

Units courses prerequisite and corequisite :

Prerequisite or corequisite units are presented within each program

Learning unit contents :

The purpose of this course is to familiarize students with basic economic mechanisms by analyzing individual behaviour (microeconomics) and general behaviour (macroeconomics). Special attention is given to their applications for future engineers. The course covers topics in the following two areas: Microeconomic approach: theory of demand, theory of production and costs, perfect competition, monopoly and price discrimination, oligopoly and monopolistic competition.· Macroeconomic approach: national accounting, consumption and investment, national income equilibrium, budgetary policy, international trade, balance of payments, economics of exchange rates, unemployment and inflation.

Learning outcomes of the learning unit :

The student must be able:
- to explain and to analyse individual (microeconomics) and general (macroeconomics) behaviour;
- to understand the relations between the main economic variables. .

Prerequisite knowledge and skills :

Planned learning activities and teaching methods :

Ex cathedra presentations.

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

Face-to-face.
First semester.