Duration
30h Th, 12h Pr
Number of credits
| Bachelor in law | 3 crédits | |||
| Extra courses intended for exchange students (Erasmus, ...) | 3 crédits |
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
- National accounting.
- Analysis of the national economy, consumption and savings, investment. Calculation of National Revenue level and study of budgetary policy instruments (taxation and public expenditures).
- Inflation and unemployment.
- Analysis of monetary policy, money supply and demand.
Learning outcomes of the learning unit
At the end of the course, the student will be able to:
- Define with appropriate terms the main economic concepts ;
- Understand and explain behaviors and fundamental mechanisms on the level of national and international economy ;
- Represent graphically the relations between economic variables ;
- Explain with a graph the impact of the variation of an economic variable on another (comparative statics) ;
- Interpret current statistics on aggregates and macroeconomic variables (GDP, public expenditures and taxes, unemployment, inflation, ...) ;
- Calculate, through simple numerical exercises, economic variables using theoretical models and formulas studied in the class.
Prerequisite knowledge and skills
Nil.
Links to other courses : The study of the budgetary and monetary policies forms the economic basis for certain courses as Legal and political aspects of public finance law and Banking Law.
Planned learning activities and teaching methods
12h of tutorials
Mode of delivery (face-to-face ; distance-learning)
Lectures ans tutorials. Coaching The course includes tutorial sessions and exercises. Several groups are organised, each under the guidance of a student acting as a coach.
Recommended or required readings
- PowerPoint presentations.
- Jurion, B., 2013, Economie politique, De Boeck.
- Tutorial book.
Assessment methods and criteria
Written examination in June and September
Work placement(s)
Organizational remarks
Contacts
Professor :
F. FECHER, Bureau I.61A - Tél: 04/366 30 69 Email : ffecher@ulg.ac.be
Assistant :
G. MAHIELS, Bureau I.60, Tél : 04 366 48 90 Email : gaelle.mahiels@ulg.ac.be(francoise.fortemps@ulg.ac.be
)
Assistant-students :
N