Study Programmes 2017-2018
ECON0107-2  
Introduction to economic analysis
Duration :
40h Th, 12h Pr
Number of credits :
Bachelor in computer science3
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