Duration
30h Th, 15h Pr
Number of credits
| Master in economics : general (60 ECTS) | 5 crédits |
Lecturer
Language(s) of instruction
English language
Organisation and examination
Teaching in the first semester, review in January
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
A number of topics in public economics will be covered, relating both to public expenditures and income. The approach is both normative and positive. We study direct and indirect taxation: deadweight loss, incidence, and optimal taxation. On the expenditure side, we focus on social protection and insurance systems, as well as the design and effects of real-world retirement income systems in the face of rational agents. Selected topics of current policy relevance are treated in more detail by means of group work.
Learning outcomes of the learning unit
In line with the Key Learning Outcomes, the objective of the course is to enforce the economic expertise (strategy) and develop the critical thinking (strategy and adaptability) of the student. More specifically, the course will :
- Present the main reasons why the government intervenes in market economics, what are the limits of these interventions and how private agents react to such interventions.
- Propose socially and individually responsible solutions, respecting the principles of good governance (quality control).
Prerequisite knowledge and skills
Compulsory prerequisites:
- Intermediate Microeconomics
- Introductory Public Finance (see course Public Finance)
Planned learning activities and teaching methods
Lectures and student presentations.
Practical details for student presentations will be posted in a timely manner on the course website.
Mode of delivery (face to face, distance learning, hybrid learning)
Distance learning.
Recommended or required readings
A reading list composed of compulsory readings and optional readings is proposed each year through the course website, with a focus on topics with societal importance.
Exam(s) in session
Any session
- Remote
written exam ( multiple-choice questionnaire )
Other : Paper presentation and discussion
Additional information:
Individualized grade for student presentations and participation in group discussion during the semester (50 percent).
Written exam in the form of an online multiple choice questionnaire on a ULiege platform (50 percent).
Note: Grades from presentations will count towards both exam sessions.
Work placement(s)
Organizational remarks
not organized in 2022-2023
Contacts
not organized in 2022-2023