2023-2024 / ECON0109-1

Introduction to economic systems, Theory


30h Th

Number of credits

 Bachelor in information and communication5 crédits 
 Bachelor in translation and interpretation5 crédits 
 Master in multilingual communication (120 ECTS)5 crédits 


Henry-Jean Gathon

Language(s) of instruction

French language

Organisation and examination

Teaching in the second semester


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 (including some microéconomics basis). 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, 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 course

Additional information:

Face to face; First term.

Recommended or required readings

PowerPoint presentation and texts available on MyULiège.

Exam(s) in session

Any session

- In-person

written exam ( open-ended questions )

Additional information:

Written exam on the material covered in the course

Work placement(s)

Organisational remarks and main changes to the course

Attendance at the lessons is strongly recommended.


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

Association of one or more MOOCs