This is an introductory course. It has 3 main objectives : - Understanding and explaining economic facts and events as a consequence of rational decisions of economic agents facing constraints and incentives, - Building an argument on the basis of tools and concepts presented in class, - Becoming aware of the field of economics and of the social and material issues it deals with.
* Introduction to individual choices * Microeconomics : exchange and production under perfect competition * Microeconomics : market imperfections : monopoly, externalities, asymmetric information * Microeconomics : factor markets, income determination and financial markets * Macroeconomics : Macroeconomic aggregates, growth, production and aggregate supply * Macroeconomics : money, inflation, exchange rate, aggregate demand, equilibrium. * Collective and individual choices : how markets, firms, groups and governments interact.
Written examen based on exercises and problems discussed in class and in tutorials.
de Crombrugghe, Alain (2016) "Introduction aux principes de l'économie :Choix et Decisions Economiques" Bruxelles: De Boeck, 684 pp. Mankiw N.G. "Principes de l'Economie" Paris, Economica or https://www.core-econ.org/project/core-the-economy/
| Training | Study programme | Block | Credits | Mandatory |
|---|---|---|---|---|
| Bachelor in Business Engineering | Standard | 0 | 5 | |
| Bachelor in Economics and Management | Standard | 0 | 5 | |
| Bachelor in Computer Science | Standard | 0 | 6 | |
| Bachelor in Political Sciences : General | Standard | 0 | 5 | |
| Bachelor in Information and Communication | Standard | 0 | 5 | |
| Bachelor in Economics and Management | Standard | 1 | 5 | |
| Bachelor in Computer Science | Standard | 1 | 6 | |
| Bachelor in Political Sciences : General | Standard | 1 | 5 | |
| Bachelor in Information and Communication | Standard | 1 | 5 | |
| Bachelor in Business Engineering | Standard | 1 | 5 |