Duration
30h Th, 15h Pr
Number of credits
| Master in economics : general (120 ECTS) | 5 crédits | |||
| Master in economics : general (60 ECTS) | 5 crédits |
Lecturer
Language(s) of instruction
English language
Organisation and examination
Teaching in the first semester, review in January
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
The course aims at an understanding of the fundamental theories of individual consumer and producer behavior. It focuses mainly on partial and general equilibrium theory. We also discuss what happens when market does not work properly with the example of externalities and public goods.
- Preferences and Utility
- Demand Theory
- Production Theory
- Partial and General Equilibrium
- Externalities and Public Goods
The course aims at an understanding of the fundamental theories of individual consumer and producer behavior. It focuses mainly on partial and general equilibrium theory. We also discuss what happens when market does not work properly with the example of externalities and public goods.
- Preferences and Utility
- Demand Theory
- Production Theory
- Partial and General Equilibrium
- Externalities and Public Goods
Learning outcomes of the learning unit
In accordance with the following key learning outcomes: 1, 3, 6 and 8:
- Develop a scientific approach by the formalization of economic issues.
- Problem solving skills.
- Develop a critical sense with respect to economic theory.
Prerequisite knowledge and skills
Calculus (such as Sydsaeter et al.'s textbook) and Intermediate microeconomics courses (such as the content of Varian's Intermediate Microeconomics textbook).
Planned learning activities and teaching methods
Theoretical and practical lectures.
Mode of delivery (face-to-face ; distance-learning)
Face-to-face lectures and tutorials.
Students are asked to proactively participate during the lectures and tutorials.
Recommended or required readings
Felix Munoz-Garcia, Advanced Microeconmic Theory, MIT Press.
Assessment methods and criteria
A closed book written exam with three parts:
- comment propositions and properties.
- make links between concepts.
- practical problems.
Work placement(s)
Organizational remarks
The lectures and tutorials start mid-September.
Contacts
Professor: Barnabe Walheer Office B. 31 - 1.47 Email: barnabe.walheer@uliege.be
Adaptation of teaching commitments following the COVID-19 pandemic for the May-June 2020 session
Teaching methods implemented : distance-learning
Assessment subjects
Assessment methods
Contacts
Adaptation of teaching commitments following the COVID-19 pandemic for the Aug-Sept 2020 session
Assessment subjects
Assessment methods
The exam will take the form of an online test of maximum 2 hours, composed of two parts:
- Multiple Choice Questions
- Open questions.
Contacts
Items online
Slides
The PDF-format of the slides used during the course will be available on Lol@ 2015-2016.