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2026-2027 / ECON2284-1

Political Economics - microeconomics

Duration

40h Th, 15h Pr

Number of credits

 Bachelor in business engineering5 crédits 
 Extra courses intended for exchange students (Erasmus, ...)5 crédits 

Lecturer

Alain Jousten

Language(s) of instruction

French language

Organisation and examination

Teaching in the first semester, review in January

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

The course familiarizes students with basic economic mechanisms by analyzing individual behaviour (microeconomics) of different economic agents: individuals/households, companies and the govenrment.

The course covers the main topics of microeconomics: theory of demand, theory of production and costs. It covers the model of perfect competition with perfect and symmetric information, but also introduces market imperfections, such as notably externalities, public goods, monopolies, uncertainty and information asymmetries.

Learning outcomes of the learning unit

At the end of the course, the student will be able, in line with the Key Learning Outcomes:
- to master basic notions of economics (strategy).
- to explain and to analyse individual economic behaviour (microeconomics) (strategy);
- to understand and to explain, in a critical perspective, the relations between the main economic variables (strategy and control);
- to think critically, to be curious and to apply scientific rigour stratedy and adaptability).

Prerequisite knowledge and skills

None.

Planned learning activities and teaching methods

Ex cathedra presentations for theoretical part of the course.

Exercises are given in order to present the chapters of the course in a practical way.

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

Face-to-face course


Further information:

Lectures and exercise sessions in face-to-face, with online supplements.

Course materials and recommended or required readings

Platform(s) used for course materials:
- LOL@
- Microsoft Teams


Further information:

Acemoglu, D., Laibson, D., & List, J. (2023). Introduction à l'économie. Traduction française, Pearson.

Exam(s) in session

Any session

- In-person

written exam ( multiple-choice questionnaire )


Further information:

Online written exam in présence mode (multiple choice on a ULiege platform).

Work placement(s)

Organisational remarks and main changes to the course

First semester.

Contacts

Professor
A.Jousten, Bât. B31, 
Tél. : +32 4 366 31 98, 
e-mail : ajousten@uliege.be

Assistant
Amélie Dufour, Bât. N3a 1/7
Tel. : +32 4 232 72 33
Email: Amelie.Dufour@uliege.be

Association of one or more MOOCs