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| version anglaise
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341 - Economics I • [1 Q. • 30 Th.] |
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| Professeur :
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HAMAIDE Bertrand
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| Objectifs de l'activité :
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This course has as its objective to introduce the principles of economics and to build the student's basic understanding of the functioning of market economies. Economics I will be devoted to understanding the general principles of economics and the basics of microeconomics, or the study of the behavior of consumers and firms in perfect competition. Imperfect competition and the principles of macroeconomics will be covered in Economics II. The course is expected to provide students with the capacity to understand economic concepts and logic used in business and economics press publications such as The Economist and The Financial Times.
By the end of the course students should be able to explain the intuition underlying simple graphical and algebraic economic models representing a number of microeconomic topics, such as analyzing the evolution of supply and demand of a good and its impacts, consumers' choices in purchasing goods and services, and a firm's decision about the quantity of a good to produce. Students should be able to apply each model to solve relevant numerical problems and to answer pertinent theoretical and policy questions.
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| Prérequis :
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| Contenu de l'activité :
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Economics I is the first of a two-course sequence on the principles of economics taught in English. It is a required course in the curriculum for students enrolled in the bilingual French-English baccalauréat. Students who are not enrolled in the bilingual baccalauréat but who wish to take an economics course in English may substitute Economics I for the course Economie I.
Course outline with reference to the corresponding chapters in the textbook:
1. Introduction (Chapters 1, 2 and 3)
1.1. What is Economics? (Chapter 1)
1.2. Economics as a Science (Chapter 2)
1.3 The Three Basic Questions in a Market Economy (Chapter 3)
1.4. The Two Economic Models: PPF and CFD (Chapters 2 and 3)
2. Supply and Demand Analysis (Chapters 4, 5, 6, 7 and 8)
2.1. Hypotheses (Chapter 4)
2.2. Demand (Chapter 4)
2.3. Supply (Chapter 4)
2.4. Equilibrium (Chapter 4)
2.5. Elasticity (Chapter 5)
2.6. Government Intervention and Policies in S-D Analysis (Chapter 6)
2.7. Introduction to Welfare Economics in S-D Analysis (Chapters 7 and 8)
3. The economics of the public sector (Chapters 10 and 11)
3.1. Public Economics and the intervention of the government
3.2. Externalities (Chapter 10)
3.3. Public goods and common property resources (Chapter 11)
3.4. The importance of property rights
4. Consumer Theory, Producer Theory and Equilibrium (Chapters 13, 14 and 21)
4.1.Introduction
4.3. Consumer Theory (Chapter 21)
4.4. Producer Theory (Chapter 13)
4.5. Firms in a Competitive Market (Chapter 14)
4.6. Summary: Conditions for Equilibrium and Perfect Competition
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| Méthodes d'enseignement :
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The course objectives are achieved via weekly lectures in which the professor presents models relating to the different topics covered in the course and via smaller, group sessions where the teaching assistant works with students on problem sets. Emphasis will be placed in course lectures on theoretical exposition as well as examples taken from business and economics press and from current events in which the models under consideration may be applied so as to link theory and practice. |
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| Méthodes d'évaluation :
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A written examination made up of problems similar to those seen in problem sessions as well as questions relating to course material, will be used to determine each student's course grade. Although students are not formally graded on solutions to problem sets distributed by the teaching assistant, students are strongly encouraged to work on these problem sets prior to attending the session in which they are discussed. The teaching assistant will make available, prior to the end of the semester, solutions to the problem sets.
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| Bibliographie :
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Reference material: Economics, N. Gregory Mankiw, International Edition, 2009.
Students are strongly suggested to consult the textbook for additional explanation, numerical examples, and discussion of topics covered in the course. The textbook is intended to provide a complement to course lectures and problem sessions. Students will not be responsible for textbook material addressing topics not covered in course lectures or problem sessions.
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| Autres informations :
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Additional material:
- A detailed course outline as well as the set of overheads used during the lectures.
- Possibility to access the book's website - examples will be given in the lectures
- Small course web site via iFUSL containing remarks, notes and a previous exam
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| Langues d'enseignement :
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Additional material:
- A detailed course outline as well as the set of overheads used during the lectures.
- Possibility to access the book's website - examples will be given in the lectures
- Small course web site via iFUSL containing remarks, notes and a previous exam
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| ECTS :
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programme de bachelier en sociologie et anthropologie pour porteur d'un titre de bachelier : Information et communication |
4,5 crédits ECTS |
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programme de bachelier en sociologie et anthropologie pour porteur d'un titre de bachelier : Sciences politiques |
4,5 crédits ECTS |
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première année du programme de bachelier en information et communication : Trilingue français-néerlandais-anglais |
4,5 crédits ECTS |
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première année du programme de bachelier en information et communication : Bilingue français-anglais |
4,5 crédits ECTS |
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programme de bachelier en information et communication pour porteur d'un titre de bachelier : Droit |
4,5 crédits ECTS |
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première année du programme de bachelier en sciences politiques, orientation générale : Bilingue français-anglais |
4,5 crédits ECTS |
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première année du programme de bachelier en sociologie et anthropologie : Trilingue français-néerlandais-anglais |
4,5 crédits ECTS |
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première année du programme de bachelier en sociologie et anthropologie : Bilingue français-anglais |
4,5 crédits ECTS |
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programme de bachelier en sciences politiques, orientation générale pour porteur d'un titre de bachelier : Sciences économiques et de gestion |
5 crédits ECTS |
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première année du programme de bachelier en sciences politiques, orientation générale : Trilingue français-néerlandais-anglais |
4,5 crédits ECTS |
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