Face-to-face , first term, 30 hours of theory and 15 hours of exercises.

First term
Tuesday from 09:00 to 11:00 at 119 Marais 2300

Dutch

This course aims to teach the students a basic knowledge about the functioning of the economy and the behaviour of the producers and consumers. It aims to get the students familiar with economic reasoning and methods. And, based on newspaper articles, it aims to generate some interest for economic news.

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After a description of economic principles and problems, the course will focus on micro-economic subjects: the market mechanism of supply and demand; the elasticity of demand and supply; the government intervention in the market; the study of consumption decisions; the description of the production process through production and cost functions; the producers' behaviour in competitive markets and in monopolies.

Ex cathedra presentations

Closed-book examination:
* Multiple choice questions;
* Open questions;
* Exercises.

Kernbegrippen van Economie, 3de editie, N. Gregory Mankiw, Academic Service, 2004, 637pp.

Slides and other course material will be provided via eSaintLouis website.