2020-2021 / ECON2299-1

Assistance in economic decision-making

Duration

30h Th, 24h Pr, 6h AUTR

Number of credits

 Master in agricultural bioengineering (120 ECTS)6 crédits 

Lecturer

Yves Brostaux, Catherine Charles, Thomas Dogot

Coordinator

Thomas Dogot

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 "Economic Decision Support" module is structured in 3 complementary parts aimed at exploiting data and designing models to analyze and optimize complex systems but also to simulate their reaction to changes in their internal configuration or their external environment.
The scope is strategic management where decision-making processes involve many technical, economic, environmental and social parameters and constraints.
The teaching activities are organized around the following 3 axes:
1 / Research and presentation of econometric data
2 / Operational research
Presentation of tools to rationalize, simulate, optimize, plan the architecture and the functioning of the systems.
3 / Modeling and prediction of temporal data

Learning outcomes of the learning unit

At the end of the course, the student must be able to:   - Establish rational bases for strategic management decision-making for the purpose of control or optimization (improving efficiency, lowering costs, establishing investment choices, etc.).
- Understand the temporal evolution of datasets in order to establish short-term predictions.
The course helps develop students' skills in the following stages of development:
- Optimize an existing system based on multiple objectives, defined in terms of sustainability, resilience and integration.
- Design a decision support tool taking into account technical and / or environmental and / or economic constraints in response to a bioengineering problem

Prerequisite knowledge and skills

Basic concepts in economics, statistical inference, mathematics and computer science

Planned learning activities and teaching methods

Lectures: 27 h
Exercises: 27 h
Personal works

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

Mix of face-to-face and distance learning and reverse classes

Organisational adjustments related to the current health context

Recommended or required readings

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 work

- If evaluation in "hybrid"

preferred remote


Additional information:

Continuous evaluation (100%)
Depending on the COVID measures, the evaluation will be done face-to-face or remotely.

Work placement(s)

Organizational remarks

Contacts

Th. Dogot thomas.dogot@uliege.be +32 (0)81 62 23 64
C. Charles c.charles@uliege.be + 31 (0)81 62.24.53
Y. Brostaux y.brostaux@uliege.be + 32 (0)81 62.24.69