Learning outcomes

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.

Content

* 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 demande, equilibrium. * Collective and individual choices : how markets, firms, groups and governments interact.

Assessment method

Written examen based on exercises and problems discussed in tutorials.

Sources, references and any support material

de Crombrugghe, Alain (2011) "Choix et Decisions Economiques" Bruxelles: De Boeck, 550 pp. Stiglitz, J.E. et Walsh, C.E. "Principes d'Economie Moderne" Bruxelles : De Boeck. or Mankiw N.G. "Principes de l'Economie" Paris, Economica.

Language of instruction

Français