Name of course
2019 - 2020
Number of credits
Number of hours
Language of instruction
Objectifs et contribution de l'Unité d'Enseignement au programme
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 “International Economics and Business Cycles”. 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 co-requisites
No prerequisite is required since it is an introductory course.
The following units will be addressed:
Unit 1 – The Capitalist Revolution
(+ Measuring Living standard, Unit 13)
Unit 2 – Technology Population and Growth
Unit 8 – Supply and demand: Price-taking and competitive markets
Unit 9 – The labour market: Wages, profits, and unemployment
Unit 10 – Banks, money, and the credit market
Unit 14 – Unemployment and fiscal policy
Unit 15 – Inflation, unemployment, and monetary policy
This course is given in English, at the rate of 3 hours per week in the first quadrimester.
The course is designed to be integrated directly and therefore requires attendance at the course. At the beginning of each class, classroom exercises related to the previous session will be offered. Students are strongly advised to do these exercises! In addition, you will be given the opportunity to do practical exercises outside the course, using empirical data.
The course counts for 4 credits. Students will have to take a certificative evaluation. This consists of a written exam, including theoretical questions and exercises similar to those discussed during the year.
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/about/?lang=fr.