2023-2024 / ECON0323-1

First principles of economics


26h Th

Number of credits

 Bachelor of Science (BSc) in Engineering3 crédits 
 Bachelor in mathematics3 crédits 


Henry-Jean Gathon

Language(s) of instruction

French language

Organisation and examination

Teaching in the first semester, review in January


Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

The purpose of this course is to familiarize students with basic economic mechanisms by analyzing individual behaviour (microeconomics) and general behaviour (macroeconomics). Special attention is given to their applications for future civil engineers and future scientits. The course covers topics in the following areas. General introduction: definitions and basic concepts. Microeconomic approach: theory of demand, theory of production and costs, perfect competition, monopoly, monopoly and price discrimination, natural monoply, oligopoly and monopolistic competition. Macroeconomic approach: national accounting, consumption and investment, national income equilibrium, budgetary policy, international trade, unemployment and inflation.

Learning outcomes of the learning unit

The student must be able to:

- explain the main basic concepts of economics;

- explain and analyze basic economic behaviors and mechanisms, in relation to the missions of graduates in sciences and applied sciences, both at the level of individual economic agents (microeconomics) and that of the national economy and international (macroeconomics);

- understand the relationships between the main economic variables;

- understand socio-economic news.

This course contributes to the learning outcomes I.1, II.1, III.1, V.1, V.2 of the BSc in engineering.

Prerequisite knowledge and skills

Planned learning activities and teaching methods

Ex cathedra presentations.

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

Face-to-face course

Additional information:

First semester.

Recommended or required readings

JURION B., Economie politique, 4th edition, De Boeck Université, 2013.  + PPT presentations and various documents available on MyULiège

Exam(s) in session

Any session

- In-person

written exam ( open-ended questions )

Additional information:

Written exam in 1st and 2nd session.

Work placement(s)

Organisational remarks and main changes to the course

Attendance at 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