2018-2019 / ECON0610-4

Introduction to political economy

Theory

Practice

Duration

Theory : 30h Th
Practice : 15h Pr

Number of credits

Lecturer

Theory : Henry-Jean Gathon
Practice : Henry-Jean Gathon

Coordinator

Henry-Jean Gathon

Language(s) of instruction

French language

Organisation and examination

Teaching in the second semester

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

Theory

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
  • Money and Modern Banking, Central Banking and the Monetary System
  • Basic Open Economy Macroeconomics.

Practice

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
  • Money and Modern Banking, Central Banking and the Monetary System
  • Basic Open Economy Macroeconomics.

Learning outcomes of the learning unit

Theory

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 at both national and international level

Practice

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 at both national and international level

Prerequisite knowledge and skills

Planned learning activities and teaching methods

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

Theory

Face to face; 2nd semester

Practice

Face-to-face

Recommended or required readings

Theory

Texts available on MyULg

Practice

Texts available on MyULg

Assessment methods and criteria

Theory

Written exam

Practice

Written exam

Work placement(s)

Organizational remarks

Contacts

Theory

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

Practice

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