ECON2259-1 : Microeconomics and industrial economy

Study Programmes 2016-2017

ECON2259-1

Microeconomics and industrial economy

Duration :

40h Th, 15h Pr

Number of credits :

Master in computer science and engineering (120 ECTS)		5
Master in computer science (120 ECTS)		5
Bachelor in economics and business management		5
Bachelor in business engineering		5
Master in management (120 ECTS)		5
Master in economics : general (60 ECTS)		5
Master in management (60 ECTS)		5

Lecturer :

Axel Gautier, Bernard Thiry

Coordinator :

Axel Gautier

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 :

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 learning unit :

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

Strategy : The course will allow students to demonstrate scientific precision and a critical mind in the analysis of a complex situation. Implementation : The course will train the student to take into account the interactions between the different functions of a company, an organization or a project when confronted with a complex situation. Quality and Performance Control : The course will teach the students to adopt a holistic perspective when analysing a complex management situation. Adaptability : The course will encourage students to be aware of the societal, economic, political and environmental issues in their studies as well as in their professional life. The course will encourage students to be curious and to show a scientific precision of academic level in their studies as well as in their professional life.

Prerequisite knowledge and skills :

Introduction to economics (Econ 2280) or equivalent Mathematics (Math 0055, Math 0058) or equivalent

Planned learning activities and teaching methods :

Class 2h30/week Exercise sessions of 2h every 2 weeks Use of Moodle

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

Face-to-face learning
Exercises in smaller groups