2020-2021 / ECON2289-1

Introduction to Microeconomic Analysis

Duration

30h Th, 12h Pr

Number of credits

 Bachelor in law3 crédits 

Lecturer

Fabienne Fecher-Bourgeois

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

Comparative study of the different economic regimes: place and role of the state and of the third sector.
Behavioral analysis of economic forces, study of consumer behavior and industrial production.
Study of different market types : competition, monopoly,...

Learning outcomes of the learning unit

At the end of the course, the student will be able to:
- Define with appropriate terms the main economic concepts ;
- Understand and explain behaviors and fundamental mechanisms on the level of individual agents (firms, consumers) and markets ;
- Represent graphically the relations between economic variables ;
- Explain with a graph the impact of the variation of an economic variable on another (comparative statics) ;
- Interpret current statistics ;
- Calculate, through simple numerical exercises, economic variables using theoretical models and formulas studied in the class.

Prerequisite knowledge and skills

Nil.
Links to other courses : The study of the market behaviour of companies in conditions of competition and monopoly forms the economic basis for certain courses in Commercial Law and Economic Law.

Planned learning activities and teaching methods

12h of tutorials

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

Lectures and tutorials.
Coaching The course includes tutorial sessions and exercises. Several groups are organised, each under the guidance of a student acting as a coach.

Organisational adjustments related to the current health context

Idem

Recommended or required readings

  • PowerPoint Presentations.
  • Jurion, B., 2013, Economie politique, De Boeck.
  • Tutorial book.

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 ( multiple-choice questionnaire, open-ended questions )

- Remote

written exam ( multiple-choice questionnaire )

- If evaluation in "hybrid"

preferred in-person

Work placement(s)

Organizational remarks

Contacts

Professor :  F. FECHER, Bureau I.61A (B.31), Email : ffecher@uliege.be 
Assistants :
T. PIRON, Bureau I.60 (B.31), Email: thibault.piron@uliege.be
F. VANDENINDEN, Bureau I.60 (B.31), Email: f.vandeninden@uliege.be