ECON0610-4 : Introduction to Political Economy

Study Programmes 2016-2017

ECON0610-4

Introduction to Political Economy

Duration :

30h Th, 15h Pr

Number of credits :

Master in management (120 ECTS)		5
Master in management (60 ECTS)		5

Lecturer :

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

Learning unit contents :

The course starts with a general introduction on key economic concepts. Then the following topics are covered:

National Accounting (principles)
Consumption, Savings and Investment
Determination of National Output, Unemployement, Inflation, Aggregate Demand and Fiscal Policy
Growth and Cycles
Money and Modern Banking, Central Banking and the Monetary System
Basic Open Economy Macroeconomics.

Learning outcomes of the learning unit :

At the end of the course, the student must be able to:

Identify and define macroeconomic concepts
Explain and analyze key economic mechanisms
Based on numerical exemples, calculate key macroeconomic data
Explain and represent on a graph macroeconomic equilibria
Interpret the effects of various public policies at both national and international level

Prerequisite knowledge and skills :

Planned learning activities and teaching methods :

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

Face-to-face