Title of the Teaching Unit
Code of the Teaching Unit
2022 - 2023
Number of credits
Number of hours
Teacher in charge
VAN DROOGENBROECK Nathalie
Objectives and contribution to the program
This course aims to give you the basics, both in macroeconomics and microeconomics, which will be essential for the student to understand the economic environment of a company or of an economic sector. This course aims to provide the concepts necessary to attend the courses “microeconomics” and “macroeconomics” (Block 2) as well as the courses “Economics of Strategy” and “Topics in environment and economics”. The course will present the key concepts of the economy starting from concrete issues and problems such as inequalities (intra- and international), the history of capitalism, environmental problems or economic crises and financial instability.
Prerequisites and corequisites
No prerequisite is required since it is an introductory course.
Table of contents
Chapter 1. What is economics?
Chapter 2. Economic systems
Chapter 3. Supply and demand
Chapter 4. Supply and demand (cont)
Chapter 5. Economic growth
Chapter 6. Labour market and unemployment
Chapter 7. Money market and inflation
Chapter 8. Public intervention and economic stimulus policies
The course will be taught in face-to-face classes, with exercise sessions each week.
The course counts for 4 credits. Students will have to take a certificative evaluation. The exam will be written, closed book.
The textbook will be the free online manual "The Economy", produced and developed by the CORE-ECON project, by the CORE team, which brings together researchers and professors of economics from around the world (see https://www.core-econ.org ).
The manual is available free of charge (as an e-book) at this address: https://core-econ.org/the-economy/?lang=en. Alongside this textbook, you will find several educational resources (documents, databases, ...). To access these resources, you are asked to register here as a student: https://www.core-econ.org