2018-2019 / ECON0323-1

First principles of economics

Duration

30h Th

Number of credits

 Bachelor in engineering3 crédits 
 Bachelor in mathematics3 crédits 

Lecturer

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

The purpose of this course is to familiarize students with basic economic mechanisms by analyzing individual behaviour (microeconomics) and general behaviour (macroeconomics). Special attention is given to their applications for future engineers. The course covers topics in the following two areas: Microeconomic approach: theory of demand, theory of production and costs, perfect competition, monopoly, monopoly and price discrimination, natural monoply, oligopoly and monopolistic competition.· Macroeconomic approach: national accounting, consumption and investment, national income equilibrium, budgetary policy, international trade, unemployment and inflation.

Learning outcomes of the learning unit

The student must be able:
- to explain and to analyse individual (microeconomics) and general (macroeconomics) behaviour;
- to understand the relations between the main economic variables. .

Prerequisite knowledge and skills

Planned learning activities and teaching methods

Ex cathedra presentations.

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

Face-to-face.
First semester.

Recommended or required readings

JURION B., Economie politique, 4th edition, De Boeck Université, 2013.  

Assessment methods and criteria

Written exam in 1st and 2nd session.

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