2017-2018 / ECON2259-1

Microeconomics and industrial economy

Duration

40h Th, 15h Pr

Number of credits

 Master of science in computer science and engineering (120 ECTS)5 crédits  
 Master in computer science (120 ECTS)5 crédits  
 Bachelor in economics and business management5 crédits  
 Bachelor in business engineering5 crédits  
 Master in management (120 ECTS)5 crédits  
 Master in economics : general (60 ECTS)5 crédits  
 Master in management (60 ECTS)5 crédits  

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

Recommended or required readings

Required readings:
Varian H. (2014), Introduction à la microéconomie, 8° édition en français, De Boeck.
« Industrial economics » theoric slides available on Moodle.
Exercises available on Moodle.

Assessment methods and criteria

Written exam

Work placement(s)

Organizational remarks

Class on Friday 8h00 - 10h30 (2° semester)

Contacts

Professors
Axel Gautier Bat B31, bureau I.49 Email: agautier@ulg.ac.be
 
Bernard Thiry
CIRIEC, Bat B33
Email: B.Thiry@ulg.ac.be
Assistant:
Olivier Brolis CES, Bat B33
Email: obrolis@ulg.ac.be