Face-to-face , second term, 60 hours of theory and 15 hours of exercises.

Second term
Tuesday from 09:00 to 11:00 at 119 Marais 3100
Thursday from 09:00 to 11:00 at 109 Marais 100

French.

General aims:
- ability to develop an economic analysis of observed facts;
- ability to dialogue with economists, i.e. understand their “language” and be able to “speak it”;
- develop a discerning mind in regards to the recommendations of economic policy;
- Place a legal approach in the economic and social context and, reciprocally, identify the importance of the legal context on the determination of economic behaviours.

Specific aims:
- explain observed economic facts;
- establish the links that may exist between individual incentives and market behaviour;
- use theoretical analyses studied in class in simple applications, or to comment on articles or observed facts;
- define a set of economic concepts essential for analysis;
- represent economic situations with the help of graphs and, inversely, explain the signification of the graphs.

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Approximately two thirds of the course are dedicated to the critical study of the mechanisms of resource allocation by the market system. In this part devoted to microeconomics, the course will deconstruct the functioning of these markets, study the characteristics of the resource allocation to which the markets lead, and finally it will situate the role played by the public authorities in the functioning of the markets. The remaining part of the course will be devoted to the study of macroeconomics through the analysis of the long-term and short-term determinants of economic growth in a country or region.

The course is a lecture based on the book of Gregory Mankiw "Principes de l'économie", published by Economica. In addition, the students have at their disposal an exercise book selected from Mankiw's book, with (partial) resolution of exercises. A selection of articles to be reviewed and commented and a set of exercises are also available from the University Saint-Louis website. During the exercise sessions, the students are encouraged to work with the course assistants on the basis of these documents.

Formative assessment: exercise sessions, exercises in the reference handbook, reference to the news.
Summative assessment: closed book written examination.

N. Gregory Mankiw and Mark Taylor, "Principes de l'Economie", De Boeck université, 1° edition, 2010

Besides Mankiw's work:
- the web page of the course
- a copy of the slides used in class and the correction of the exercises are available at the reprography service.