2020-2021 / ECON0109-1

Introduction to economic systems, Theory

Duration

30h Th

Number of credits

 Bachelor in information and communication5 crédits 
 Master in multilingual communication (120 ECTS)5 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

STUDENTS OF Bac IN GEOGRAPHICAL SCIENCES ARE ASKED TO REFER TO THE COMPONENT ECON0109-B-a OU TO COURSE ECON0109-2.
 
 
The course starts with a general introduction on key economic concepts. Then the following macroeconomics 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

At the end of the course, the student must be able to:

  • Identify and define economic and macroeconomic concepts
  • Explain and analyze key economic mechanisms
  • Based on basic numerical exemples, calculate key macroeconomic data
  • Explain and macroeconomic equilibria
  • Interpret the effects of various public policies at both national and international level
  • understand socio-economic news

Prerequisite knowledge and skills

Planned learning activities and teaching methods

Ex Cathedra

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

Face to face; First term.

Organisational adjustments related to the current health context

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

PowerPoint presentation and texts 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.

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

Work placement(s)

Organizational remarks

Attendance at the lessons is strongly recommended.

Contacts

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