Advanced Microeconomics

Duration

30h Th, 15h Pr

Number of credits

Lecturer

Julien Jacqmin

Language(s) of instruction

English 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 course aims at an understanding of the fundamental theories of individual consumer and producer behavior. It focuses mainly on general equilibrium theory, uncertainty and behavioral economics.

• Introduction
• The theory of consumers
• Supply
• Competitive markets
• Uncertainty
• Behavioral economics

Learning outcomes of the learning unit

In accordance with the following key learning outcomes: 1, 3, 6 and 8

• Develop a scientific approach by the formalization of economic issues
• Problem solving skills
• Develop a critical sense with respect to economic theory

Prerequisite knowledge and skills

Calculus (such as Sydsaeter et al.'s textbook) and Intermediate microeconomics courses (such as the content of Varian's Intermediate Microeconomics textbook).

Planned learning activities and teaching methods

Theoretical and practical lectures. 

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

Outside of face-to-face class hours, the online platform is used to communicate between students and with the lecturers in order to make the content open to all those following the course. This is done in order to facilitate cross-learning and encourage a cooperative approach among students.
 
During exercise sessions, students are asked to proactively solve problem sets in small groups, under the supervision of the teaching assistant. It is essential for students to master the course's material before going to these sessions.

Recommended or required readings

Gravelle, H. and R. Rees (2004), Microeconomics, 3rd edition, Prentice Hall.

Assessment methods and criteria

An open book written exam (50%) and 2 problem sets that have to be done in group of 2/3 students (2X25%)

Work placement(s)

Organizational remarks

1st semester

Contacts

Professor: Julien Jacqmin  Office  B. 31 - 1.47 Tel.: 043662734 Email: julienjacqmin@ulg.ac.be
Teaching assistant: Justine Bulkaert Office B. 31 - 1.32  Email:J.Bulkaert@ulg.ac.be
 
 

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