2023-2024 / ECON2281-1

Political Economy - Macroeconomics


35h Th, 15h Pr

Number of credits

 Bachelor in economics and business management5 crédits 


Mélanie Lefevre

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 purpose of this course is to familiarize students with basic economic mechanisms. Rigourous analysis will be based on concrete examples.
The course covers the main topics in the area of the macroeconomic theory: national accounting, wealth of nations, economic growth, development, (un)employment, money, economic fluctuations and cycles, and macroeconomic policies. 

Learning outcomes of the learning unit

At the end of the course, the student must be able to:

  • understand general  basic (macro)economic concepts;
  • explain and analyse general economic behaviours, at the national or international level;
  • understand and explain, in a critical perspective, the relations between the main economic variables;
  • based on exercises, determine the optimal choices of various agents;
  • explain and represent on a graph macroeconomic mechanisms.

Prerequisite knowledge and skills

MATH0055-2 - Mathematics for Economics and managment sciences (Part 1)
ECON2280-1 - Political Economy - Microeconomics

Planned learning activities and teaching methods

Lectures for the theoretical part + excercices sessions

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

Face-to-face + use of lol@
Second semester

Recommended or required readings

Mandatory reading: Acemoglu, Laibson and List, Introduction à l'économie, 2nd edition, Pearson, 2018 (chapters 12 to 20) [or ou Acemoglu, Laibson et List, Introduction à l'économie, 3rd edition, Pearson, 2023 (chapters 14 to 22) - TBD]

The material presented in the textbook must be supplemented by notes taken during the lectures. In addition, complementary material will be available on lol@.

Exam(s) in session

Any session

- In-person

written exam ( multiple-choice questionnaire, open-ended questions )

Additional information:

Written exam, closed book, first and second session. 

Detailled rules will be posted on lol@.

[FYI: Rules 2022-2023:

The exam is composed of two parts: a multiple choice questionnaire, and several open questions.

The multiple choice part represents 10% of the final grade, while the open questions account for 90%.

Students who get a grade below 10/20 for the multiple choice part will automatically obtain a grade of 0/20 for the open questions part. In that way, students who get less than 10/20 at the multiple choice questionnaire will get a final grade that is, mathematically, below 1/20.]


Work placement(s)

Organisational remarks and main changes to the course


Lecturer: Mélanie LEFEVRE, Melanie.Lefevre@uliege.be 

Teaching assistant: Manon BOLLAND, Manon.Bolland@uliege.be 

Association of one or more MOOCs