2020-2021 / ECON0107-2

Introduction to economic analysis

Microeconomics

Macroeconomics

Duration

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

Number of credits

 Bachelor of Science (BSc) in Computer Science3 crédits 

Lecturer

Microeconomics : Henry-Jean Gathon
Macroeconomics : 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

The purpose of this course is to familiarize students with basic economic mechanisms by analyzing individual behaviour (microeconomics). Special attention is given to their applications for future university graduates. The course covers topics in the following areas. General introduction: definitions and basic concepts. Microeconomic approach: theory of demand, theory of production and costs, perfect competition, monopoly, monopoly and price discrimination, natural monoply, oligopoly and monopolistic competition. 

Macroeconomics

The purpose of this course is to familiarize students with basic economic mechanisms by analyzing general behaviour (macroeconomics). Special attention is given to their applications for future university graduates. The course covers topics in the following areas. Macroeconomic approach: national accounting, consumption and investment, national income equilibrium, budgetary policy, international trade, unemployment and inflation.

Learning outcomes of the learning unit

Microeconomics

The student must be able to:
- explain the main basic concepts of economics;
- explain and analyze basic mircro-economic behaviors and mechanisms, ;
- understand the relationships between the main micro-economic variables;
- understand socio-economic news.

Macroeconomics

The student must be able to:
- explain the main basic concepts of economics;
- explain and analyze basic economic behaviors and mechanisms, in relation to the missions of graduates in sciences and applied sciences, both at the level of individual economic agents (microeconomics) and that of the national economy and international (macroeconomics);
- understand the relationships between the main economic variables;
- understand socio-economic news.

Prerequisite knowledge and skills

Planned learning activities and teaching methods

Microeconomics

Ex cathedra presentations.

Macroeconomics

Ex cathedra presentations.

Mode of delivery (face to face, distance learning, hybrid learning)

Microeconomics

Face-to-face.
First term.

Macroeconomics

Face-to-face.
First semester.

Organisational adjustments related to the current health context

Microeconomics

The terms below are likely to be adapted if the measures taken by the ministerial or academic authorities were to be modified
"Hybrid session" scenario (preferred hypothesis)
PRESENTIAL written exam with open questions lasting 1h30 (excluding installation time and handing in copies)
"All remote session" scenario
Remote MCQ via the eCampus platform. This MCQ will consist of 20 questions without possibility of going back. Each question is accompanied by 5 possible answers. One and only one of the 5 answers given is the "right one". Sometimes one of the 5 answers given is "None of the other answers given". The notation will be as follows: for a correct answer: + 1 point; for a wrong answer: - 0.25 point; no response: 0 point. The exam will take 40 minutes.

Macroeconomics

The terms below are likely to be adapted if the measures taken by the ministerial or academic authorities were to be modified
"Hybrid session" scenario (preferred hypothesis)
PRESENTIAL written exam with open questions lasting 1h30 (excluding installation time and handing in copies)
"All remote session" scenario
Remote MCQ via the eCampus platform. This MCQ will consist of 20 questions without possibility of going back. Each question is accompanied by 5 possible answers. One and only one of the 5 answers given is the "right one". Sometimes one of the 5 answers given is "None of the other answers given". The notation will be as follows: for a correct answer: + 1 point; for a wrong answer: - 0.25 point; no response: 0 point. The exam will take 40 minutes.

Recommended or required readings

Microeconomics

JURION B., Economie politique, 4th edition, De Boeck Université, 2013.  + PPT presentations and various documents available on MyULiège

Macroeconomics

JURION B., Economie politique, 4th edition, De Boeck Université, 2013.  + PPT presentations and various documents available on MyULiège

Assessment methods and criteria

Below you will find information on the evaluation methods planned for in-person and remote exams as well as those planned for hybrid sessions. Depending on how the health crisis evolves, the chosen method will be communicated to you no later than one month before the start of the exam session.

Microeconomics

Any session :

- In-person

written exam ( open-ended questions )

- Remote

written exam ( multiple-choice questionnaire )

- If evaluation in "hybrid"

preferred in-person


Additional information:

Written exam in 1st and 2nd session.

Macroeconomics

Any session :

- In-person

written exam ( multiple-choice questionnaire )

- Remote

written exam ( multiple-choice questionnaire )

- If evaluation in "hybrid"

preferred in-person


Additional information:

Written exam in 1st and 2nd session.

Work placement(s)

Organizational remarks

Microeconomics

Attendance at lessons is strongly recommended

Macroeconomics

Attendance at lessons is strongly recommended

Contacts

Microeconomics

Prof.: Henry-Jean GATHON, phone: 04 366 2778, 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