2023-2024 / ECON2314-1



40h Th, 15h Pr

Number of credits

 Master in economics : general (60 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 purpose of this course is to familiarize students with fundamental economic mechanisms by analyzing individual behaviour (microeconomics:  consumer, firm & markets). Special attention is given to their applications for future graduates in management. 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. 

Learning outcomes of the learning unit

The student must be able to:

- explain the main basic concepts of economics;

- explain and analyze basic mircro-economic behaviors and mechanisms, ;

- understand the relationships between the main micro-economic variables;

- understand and apply microeconomic concepts used in management sciences.

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

Recommended or required readings

Varian Hal, Introduction à la microéconomie, 8ème édition (Traduction de la 9ème édition américaine par Bernard Thiry), De Boeck Université, 2014.
PPT presentations and various documents available on MyULiège .

Exam(s) in session

Any session

- In-person

written exam

Additional information:

Exam(s) in session

Any session

- In-person

written exam ( open-ended questions )

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