Face-to-face , second term, 45 hours of theory and 15 hours of exercises.

French

This course aims to provide students with a general knowledge and a basic understanding of the fundamental economic issues and mechanisms. At the end of this course, the student will be able to explain why the inhabitants of certain countries benefit from better living conditions than others; to understand how a market economy works, to understand its advantages and disadvantages, and to identify the role that the state can play in it; and develop an argument based on empirical and theoretical elements to evaluate public policies (implemented or likely to be). The course focuses on an intuitive understanding of theory through applications to major societal challenges and an analysis of current debates. Students will learn to put into perspective the notions developed during the exercise sessions and with the help of additional reading.

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Part I. Introduction

Part II. Macroeconomic indicators
Chapter 1. GDP
Chapter 2. Inflation
Chapter 3. Unemployment

Part III. The market economy
Chapter 4. The market economy
Chapter 5. Financial markets

Part IV. Market failures and public policies
Chapter 6. Externalities
Chapter 7. Public goods and natural resources

Part V. Public spending, taxes and redistribution
Chapter 8. Public spending
Chapter 9. Public revenue
Chapter 10. Inequalities and poverty

Lectures - readings - tutorials

Written exam

G. Mankiw et M Taylor Principe de l'Economie, 2ème édition européenne