Saint-Louis University - Bruxelles
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ECGE1211 - Macroeconomics



Credits : 6

Lecturer :
Teaching assistants :
Mode of delivery :
Face-to-face , second term, 45 hours of theory and 15 hours of exercises.

Timetable :
Second term
Monday from 10:45 to 12:45 at 109 Marais 100
Thursday from 10:45 to 12:45 at 109 Marais 100

Language of instruction :
French


Learning outcomes :

A first objective of the course is to understand the determinants of the macroeconomic activity, (un)employment, interest rates, exchange rates and inflation in a short to medium.run perspectives (short run: fixed prices and wages; medium run: flexible prices and wages).
A second objective is to analyse the impact and effectiveness of macroeconomic (demand ans supply) policies.


Prerequisites :
Co-requisites :
For the Bachelor : Business Engineering :

For the Bachelor in Economics and Management :


Course contents :

1. Introduction : macroeconomic aggregates and key accounting identities.

2. The determinants of private consumption, saving and investment

3. Money markets and central banking

4. IS-MP model in a closed economy

5. Price and Wage formation and AD-AS model in a closed economy

6. Introduction to open economies: balance of payments; exchange rate regimes; Marshall Lerner condition; capital mobility and interest rate parity

7. IS-MP model in an open economy

8. Price and Wage formation and AD-AS model in an open economy


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.




Assessment methods and criteria :
3-hour written exam

Recommended or required reading :

Thorough lecture notes are made available to students