Description du cours
Intitulé de l'Unité d'Enseignement
Code de l'Unité d'Enseignement
2020 - 2021
Nombre de crédits
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.
Prérequis et corequis
No prerequisite is required since it is an introductory course.
Description du contenu
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
The course will be taught in blended learning, which includes both online and face-to-face classes.
Online: commented course materials (audio PPT) which cover the content of the course
Face-to-face: exercise sessions each week.
Overall principle of the course: visioning the audio commented PPT is mandatory in order to take part in the face-to-face sessions, these being designed to ensure a good understanding of the topics.
The course counts for 4 credits. Students will have to take a certificative evaluation. Due to the exceptional circumstances due to the COVID-19 pandemic, the exam will be on Wiseflow (online), closed book and without access to Moodle or other sites.
It will include:
- 10 MCQ to justify in 4 or 5 lines, as I did during our exercise sessions. Each question counts for 1.5 points (depending on the quality of the justification), without negative points, with the possibility of going backward and forward (15 points out of 20).
- 1 Open question (5 points out of 20).
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.