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ECGE1114 - Economics II
Credits :
6
Lecturer :
Teaching assistants :
Mode of delivery :
Face-to-face , second term, 45 hours of theory and 30 hours of exercises.
Timetable :
Second term
Monday from 15:45 to 17:15 at 43 Botanique 3
Thursday from 15:45 to 17:15 at 43 Botanique 3
Language of instruction :
English
Learning outcomes :
The aim of the course is to provide an intuitive and formal understanding of the basic principles of macroeconomics and builds upon the foundations studied in Economics I.
By the end of the course students should be able to explain the intuition underlying simple graphical and algebraic macroeconomic models. They should also be able to apply each model to solve numerical problems and to evaluate macroeconomic policies.
Prerequisites :
None
Co-requisites :
None
Course contents :
Chapter 1 : Markets for Factors of Production
Chapter 2 : Macroeconomic Indicators (Unemployment, GDP, Price Indices)
Chapter 3 : Monetary System
Chapter 4 : Macroeconomic Fluctuations (AD-AS Model)
Chapter 5 : Macroeconomic Growth (Solow-Swan Model)
Chapter 6 : Public Deficit & Debt
Planned learning activities and teaching methods :
a) Plenary Lectures :
During the plenary lectures, the professor presents the concepts and mechanisms associated to the different models.
The lectures follow the course outline presented above.
b) Exercise sessions (TA sessions)
Exercise sessions are carried out in small groups and aim at checking knowledge acquisition as well as applying the theoretical concepts presented in class to solve exercises and case studies. Students should review the corresponding lectures before the session to draw full benefit from them.
Those exercise sessions will also be partly devoted to the preparation of home assignments in which students are expected to manipulate macroeconomic data, read selected articles relating to macroeconomic topics and write reports.
Assessment methods and criteria :
The final grade consists of three parts :
• 3.5/20 for the home assignments (3 deadlines during the semester) ;
• 1.5/20 for the reading assignment (evaluated during the final exam) ;
• 15/20 for the written final exam (3h).
The grade of any suceeded part is automatically reported to the next session unless the student explicitly asks for representing that part.
Recommended or required reading :
Reference book (of your choice):
• Mankiw, Gregory and Mark Taylor, Economics, Cengage Learning Emea, 4th edition, ISBN 978-1-4737-2533-1, 2017.
• Mankiw, Gregory and Mark Taylor, Economics, Cengage Learning Emea, 3rd edition, ISBN 978-1-4080-9379-5, 2014.
Other information :
Face-to-face, second term, 45 hours of theory and 30 hours of exercises
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