2023-2024 / ECON2244-1

Political and social economy, Introduction

Duration

32h Th, 16h Pr

Number of credits

 Bachelor in bioengineering4 crédits 

Lecturer

Thomas Dogot, Kevin Maréchal

Language(s) of instruction

French language

Organisation and examination

Teaching in the second semester

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

I. Microeconomic Analysis
1. Consumer's choice theory
1.1. The Utility fonction
1.2. Consumer's choice analysis
1.3. Elasticity
2. Producer's choice theory
2.1. Production fonction
2.2. Production costs
2.3. Sale receipts
3. Markets study
3.1. The Concept of market
3.2. Conditions for open competition
3.3. Price formation in open competition
3.4. Price formation in monopoly situation
II. Macroeconomic analysis
1. National accountancy
1.1. Introduction
1.2. Concepts and definitions
1.3. Rules of Consistency
2. Gross National Product
2.1. Production method
2.2. Income method
2.3. Expenditure method
3. Macroeconomic equilibriums
III. Money
1. Introduction and definition
2. History
3. The different forms of money
4. The demand of money
5. The output of money
6. The International Monetary System
7. The European Monetary System
IV. Economic Policy
1. Economic Policy
2. Budget policy
3. Globalisation

Learning outcomes of the learning unit

- Introduction to basic political economic reasoning and to economic issues analysis
- To contribute to the general education of students by insisting on the analysis of economic policy problems related to European integration
After completing the course the student is expected to
Restore theoretical bases of micro- and macroeconomics
Interpret correctly a microeconomic statement
Resolve micro economic problems
Analyse data of the national accounting and data of the GNP
Understand the bases of the economic policy so elements relating to the monetary and budgetary policy

Prerequisite knowledge and skills

-- SI101 - Fundamental statistics
-- MA101 - General mathematics (first part)

Planned learning activities and teaching methods

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

Lectures : 40h Practical Works : 20h

Recommended or required readings

Notes of course

Exam(s) in session

Any session

- In-person

written exam


Additional information:

Written examination 

Work placement(s)

Organisational remarks and main changes to the course

Contacts

Lebailly Philippe, (Professeur Ordinaire)

Bât. GE Gembloux Agro-Bio Tech
Passage des Déportés 2
5030 Gembloux

+32 81 622361
Philippe.Lebailly@ulg.ac.be

Association of one or more MOOCs