2017-2018 / ECON0107-2

Introduction to economic analysis

Duration

40h Th, 12h Pr

Number of credits

 Bachelor in computer science3 crédits 

Lecturer

Henry-Jean Gathon

Language(s) of instruction

French language

Organisation and examination

Teaching in the first semester, review in January

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

I Introduction 
*Economics: definition and basis concepts
*Economics as a scince 
II Microeconomic analysis
II.A Consumer Theory


  • Budget Constraint
  • Preferences
  • Utility
  • Optimal choice and Demand
 
II.B Firm theory
  • Cost Minimization
  • Technology
  • Profit Maximization
  • Cost Minimization
  • Firm Supply
II.C Markets 


  • Competition and perfect competition
  • Monopoly;
  • Monopolistic competition
  • Oligopoly
III Macroeconomic Analysis
III.A Measurement of economic activity
*GDP and National income 
*Economic Circuit 
III.B Determination of the level of economic activity and economic fluctuations 
*Closed economy equilibrium (consumption, investment and multiplier)
*Role of public finance 
*Open economy equilibrium
*Money and Central Bank 
*Unemployment
*Inflation

Learning outcomes of the learning unit

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

  • Identify and define economic concepts
  • Use economic tools
  • Based on exercises, determine the optimal choices of various agents (consumers, firms, etc.)
  • Explain and represent on a graph economic mechanisms

Prerequisite knowledge and skills

Basic mathematics

Planned learning activities and teaching methods

By a Teaching assistant, coordinated by the Assistant

Mode of delivery (face-to-face ; distance-learning)

Face-to-face + Exercices sessions

Recommended or required readings

Hal VARIAN, "Introduction à la microéconomie", Bruxelles, Editions De Boeck, 2011, Traduit de l'anglais par Bernard Thiry.
Macroeconomics: handout to students

Assessment methods and criteria

First (January) session: written examSecond session: written exam

Work placement(s)

Organizational remarks

Contacts

Professor: H.J. GATHON, Phone : 04 366 27 78, hj.gathon@ulg.ac.be
Assistant: Pierre Copée phone : 04 366 3108, p.copee@ulg.ac.be