Description du cours

Intitulé de l'Unité d'Enseignement

Micro and Macro Economics : Theories and Applications

Code de l'Unité d'Enseignement

12UEC22

Année académique

2021 - 2022

Cycle

BAC

Nombre de crédits

10

Nombre heures

105

Quadrimestre

1

Pondération

Site

Anjou

Langue d'enseignement

Anglais

Enseignant responsable

ROMAN Philippe

Objectifs et contribution de l'Unité d'Enseignement au programme

The main objective of the course is to extend and deepen knowledge and understanding of economic theories and facts, in a pluralistic and critical way, and to acquire tools in economic analysis.

The course contributes to developing critical thinking abilities and enhancing analytical/conceptual rigour when looking at contemporary socio-economic issues.

The seminar is intended to put knowledge into practice through case studies and collective thinking.

Microeconomics:
Exploring the motives, patterns and constraints of individual economic actions.

Understanding how standard (neoclassical) economics represents and models individual economic actions and their interactions (especially through markets), and the scope and limits of such an approach.

Getting a sense of alternative ways of representing and modelling individual economic actions and their interactions (based on state-of-the-art research).

Macroeconomics:
Understanding and mastering the main macroeconomic indicators (GDP, investment, consumption etc.).

Analysing short-term and long-term macroeconomic fluctuations (business cycles and economic growth).

Exploring some of the main macro issues in contemporary industrialised countries and the policies that can be implemented to address them.

Prérequis et corequis

The course is accessible to students with basic math skills and a good (passive) level in English who have taken an introductory course in economics.

Description du contenu

The microeconomics course addresses the motives, patterns and constraints of economic actions at the micro scale and the interaction of economic actors. Actors and actions are mostly described in their provisioning activities of consumption, production and exchange. We will then explore :

- Consumption
- Production
- Exchange institutions, with a special focus on markets
- Coordination beyond markets
- Market failures (in particular information asymmetries and externalities)
- The detailed workings of some selected markets: labour and finance.

Méthodes pédagogiques

In accordance with the possibilities and constraints regarding the sanitary situation, we will try and combine online lectures with classroom interactions (Q&A, quizzes, exercises, complementary explanations etc.).

The course is meant to be interactive and open to the active participation of students, notably through frequent quizzes (Wooclap) and moments dedicated to critical thinking and reflexivity.

Mode d'évaluation

MACRO: The exam is a written exam, it will take place at ICHEC Anjou (room A200), on Wednesday 6, January (2021), between 8:30am and 10:30am. No access to external resources (books, copies of the course’s slides, pdf of the course’s slides etc.) is permitted. There is no need to bring a calculator, and the use of calculators is not allowed. No calculations requiring a calculator will be needed.

The exam will be composed of multiple-choice questions (50% of the grade) and open questions (50% of the grade). No negative points will be attributed to incorrect answers in multiple-choice questions.

MICRO: The exam is a written exam, it will take place at ICHEC Anjou (room A200), on Friday 8, January (2021), between 8:30am and 10:30am. No access to external resources (books, copies of the course’s slides, pdf of the course’s slides etc.) is permitted. There is no need to bring a calculator, and the use of calculators is not allowed. No calculations requiring a calculator will be needed.

The exam will be composed of multiple-choice questions (50% of the grade) and open questions (50% of the grade). No negative points will be attributed to incorrect answers in multiple-choice questions.

Seminar: written group work.

Références bibliographiques

Core-Econ (free online textbook)
Exploring Economics
For other references, see the course's Moodle webpage.