Université Saint-Louis - Bruxelles
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POLS1127 - Economics II


[2 Q. • 30 Th. • 4,5 crédits ECTS]


Horaire : le mardi de 11:00 à 13:00 au 109 Marais 100
Professeur : Hamaide Bertrand
Langues d'enseignement : English is the only language used during the course, in problem sessions and during the written exam.


Objectifs de l'activité : The course has as its objective to continue the introduction of economics principles, begun in Economics I, with the idea of building the students' understanding of the functioning of market economies. Economics II will be devoted partly to microeconomics with the study of imperfect competition and the markets for factors of production and partly to macroeconomics with the study of national income, the money market, fiscal and monetary policies and aggregate demand and supply analysis.

By the end of the course students should be able to explain the intuition underlying simple graphical and algebraic economic models representing a number of microeconomic and macroeconomic topics. Students should be able to apply each model to solve relevant numerical problems and to answer pertinent theoretical and policy questions.
Prérequis : Economics I or equivalent (Principles of Microeconomics)
Contenu de l'activité : Economics II is the continuation of the course Economics I, taught in English. It is a required course in the curriculum for students enrolled in the bilingual French-English baccalauréat (political and social science students as well as law students). Students who are not enrolled in the bilingual baccalauréat but who wish to take an economics course in English may substitute “Economics II” for the course “Economie II”.


Tentative Course outline (may be somewhat modified):

1. Market Imperfections: Imperfect Market Structures (Mankiw, Ch. 15, 16, 17)
2. Markets for factors of production (Mankiw, Ch. 18)
3. Introduction to Macroeconomics, National Income and National Product (Mankiw, Ch. 23, 24)
4. Long Run Macroeconomics and The Money Market (Mankiw, Ch. 25, 28, 29 and 30)
5. Short Run Macroeconomics and the Keynesian Model
6. Macroeconomic Analysis
Méthodes d'enseignement : Course lectures are held weekly for two hours. Group sessions on problem sets are held bi-weekly for two hours

Pedagogical approach: the course objectives are achieved via weekly lectures in which the professor presents models relating to the different topics covered in the course and via smaller, group sessions where the teaching assistant works with students on problem sets. Emphasis will be placed in course lectures on theoretical exposition as well as examples taken from business and economics press in which the models under consideration may be applied so as to link theory and practice.
Méthodes d'évaluation : A written examination made up of problems similar to those seen in problem sessions as well as questions relating to course material, will be used to determine each student's course grade. The teaching assistant will make available, prior to the end of the semester, solutions to the problem sets.
Bibliographie : Economics, N. Gregory Mankiw and Mark P. Taylor, second edition, 2011.

Students are strongly suggested to consult the textbook for additional explanation, numerical examples, and discussion of topics covered in the course. The textbook is intended to provide a complement to course lectures and problem sessions. Students will not be responsible for textbook material addressing topics not covered in course lectures or problem sessions.

Autres informations : Additional material:
A detailed course outline as well as the set of slides used during the lectures.
Small course web site via iFUSL containing remarks, notes and a previous exam
Années d'études :