2017-2018 / ECON0610-4

Introduction to Political Economy

Duration

30h Th, 15h Pr

Number of credits

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

Lecturer

Henry-Jean Gathon

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

Recommended or required readings

Texts available on MyULg

Assessment methods and criteria

Written exam

Work placement(s)

Organizational remarks

Contacts

Prof.: Henry-Jean GATHON, phone: 04 366 2778, hj.gathon@ulg.ac.be
Assistant: Pierre Copée, phone: 04 366 3108, p.copee@ulg.ac.be