2018-2019 / ECON0107-2

Introduction to economic analysis

Microeconomics

Macroeconomics

Duration

Microeconomics : 20h Th, 6h Pr
Macroeconomics : 20h Th, 6h Pr

Number of credits

 Bachelor in computer science3 crédits 

Lecturer

Microeconomics : Henry-Jean Gathon
Macroeconomics : Henry-Jean Gathon

Coordinator

Henry-Jean Gathon

Language(s) of instruction

French language

Organisation and examination

Teaching in the first semester, review in January

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

Microeconomics

I Introduction 
*Economics: definition and basis concepts
*Economics as a scince 
II Microeconomic analysis
II.A Consumer Theory

  • Budget Constraint
  • Preferences
  • Utility
  • Optimal choice and Demand
 
II.B Firm theory
  • Cost Minimization
  • Technology
  • Profit Maximization
  • Cost Minimization
  • Firm Supply
II.C Markets 
  • Competition and perfect competition
  • Monopoly;
  • Monopolistic competition
  • Oligopoly

Macroeconomics

This part of 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

Learning outcomes of the learning unit

Microeconomics

At the end of the course, the student must be able to:

  • Identify and define microeconomic concepts
  • Use mircroeconomic tools
  • Explain, and represent on a graph, mircoreconomic mechanisms

Macroeconomics

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

Prerequisite knowledge and skills

Microeconomics

Basic mathematics (important !)

Planned learning activities and teaching methods

Microeconomics

By the assistant (see below)

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

Microeconomics

Face-to-face + Exercices sessions

Macroeconomics

Face-to-face

Recommended or required readings

Microeconomics

Hal VARIAN, "Introduction à la microéconomie", Bruxelles, Editions De Boeck, 2011, Traduit de l'anglais par Bernard Thiry.

Macroeconomics

Texts available on MyULg

Assessment methods and criteria

Microeconomics

First (January) session: written examSecond session: written exam

Macroeconomics

Written exam

Work placement(s)

Organizational remarks

Contacts

Microeconomics

Professor: H.J. GATHON, Phone : 04 366 27 78, hj.gathon@ulg.ac.be
Assistant:Pierre Copée, Phone : 04 366 3108, p.copee@ulg.ac.be

Macroeconomics

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