2020-2021 / 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

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.

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

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

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
  • understand socio-economic news.

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

Theory

Ex Cathedra

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

Face to face; 2nd semester

Theory

Face to face; 2nd semester

Practice

Face-to-face

Organisational adjustments related to the current health context

Theory

  • code JAUNE: examen écrit en présentiel ;
  • code ORANGE: examen à distance sous forme de QCM ou examen écrit en présentiel selon les directives reçues des autorités ;
  • code ROUGE: examen à distance sous forme de QCM en ligne.
 

Recommended or required readings

Texts available on MyULg

Theory

PPT and texts available on MyULiège.

Practice

Texts available on MyULg

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.

Written exam

Theory

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

Practice

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

Theory

Attendance 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

Theory

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