Introduction to economic analysis

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

• Cost Minimization
• Technology
• Profit Maximization
• Cost Minimization
• Firm Supply

• 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

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

Microeconomics

Basic mathematics (important !)

Microeconomics

By the assistant (see below)

Microeconomics

Face-to-face + Exercices sessions

Macroeconomics

Face-to-face

Microeconomics

Hal VARIAN, "Introduction à la microéconomie", Bruxelles, Editions De Boeck, 2015, Traduit de l'anglais par Bernard Thiry.

Macroeconomics

Texts available on myULiege.

Microeconomics

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

Macroeconomics

Written exam

Microeconomics

Professor: H.J. GATHON, Phone : 04 366 27 78, hj.gathon@uliege.be
Assistant:Pierre Copée, Phone : 04 366 3048, p.copee@uliege.be

Macroeconomics

Prof.: Henry-Jean GATHON, phone: 04 366 2778, hj.gathon@uliege.be
Assistant: Pierre Copée, phone: 04 366 3048, p.copee@uliege.be

Microeconomics

2nd session 2020: the same topics as in January 2020

Macroeconomics

The same topics as in January

Microeconomics

2nd session 2020: Multiple choice  distance-examination, eCampus

Macroeconomics

Multiple choice distance-examination, eCampus