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MHCG1251 - Economy
Credits :
5
Lecturer :
Teaching assistants :
Mode of delivery :
Face-to-face , second term, 45 hours of theory and 15 hours of exercises.
Language of instruction :
French
Learning outcomes :
This course aims to provide students with a general knowledge and a basic understanding of the fundamental economic issues and mechanisms. At the end of this course, the student will be able to explain why the inhabitants of certain countries benefit from better living conditions than others; to understand how a market economy works, to understand its advantages and disadvantages, and to identify the role that the state can play in it; and develop an argument based on empirical and theoretical elements to evaluate public policies (implemented or likely to be). The course focuses on an intuitive understanding of theory through applications to major societal challenges and an analysis of current debates. Students will learn to put into perspective the notions developed during the exercise sessions and with the help of additional reading.
Prerequisites :
None
Co-requisites :
None
Course contents :
Chapter 1. Economic History
Chapter 2. Macroeconomic Indicators
2.1. GDP
2.2 Inflation
2.3. Unemployment
Chapter 3. Economic growth
3.1. The gains of the exchange
3.2. Productivity gains
Chapter 4. The market economy
4.1. Markets for goods and services
4.2. Market and efficiency
4.3. Market failures
4.4. The labour market
4.5. The foreign exchange market
Chapter 5. Inequality and poverty
5.1. Income inequalities
5.2. Poverty
5.3. The capital
Chapter 6. The State
6.1. The role of the state in a market economy
6.2. State revenues
6.3. State expenditure
6.4. Public policies
Chapter 7. Finance
7.1. What is the role of finance?
7.1. Performance and risk
7.2. Financial securities
7.4. The perverse effects of finance
7.5. The financial crisis of 2008
Chapter 8. The European Central Bank
8.1. What is his role ?
8.2. ECB instruments
8.3. The euro
8.4. The regulation
Chapter 9. The challenges of tomorrow
9.1. The digital economy
9.2. The environment
9.3. Unemployment
9.4. Inequality and poverty
9.5. Public deficits
9.6. Tax competition
Planned learning activities and teaching methods :
Lectures - readings - tutorials
Assessment methods and criteria :
Written exam
Recommended or required reading :
G. Mankiw et M Taylor Principe de l'Economie, 2ème édition européenne
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