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DROI1220 - Economics
USL-B
Credits :
5
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 12:15 at 43 Botanique 5
Wednesday from 10:45 to 12:15 at 43 Botanique 3
Language of instruction :
French.
Learning outcomes :
Based on a renewed methodological approach, the course aims to equip students with a series of basic skills in the field of economics:
- Ability to construct an economic analysis of observed facts.
- Dialogue with economists, i.e. understand their "language" and know how to "speak" it.
- To critically consider economic policy recommendations.
- Place a legal approach in the economic and social context and, conversely, identify the scope of the legal framework in determining economic behaviour.
- To place economic reflection in an interdisciplinary context
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.
Prerequisites :
None
Co-requisites :
None
Course contents :
The course will cover a set of economic themes central to the functioning of market economies, both from a microeconomic and a macroeconomic perspective. The approach adopted will consist in starting from economic and societal facts or problems for which economic tools will be progressively constructed and mobilised in order to bring out an understanding of the phenomena and their solutions. The following is a non-exhaustive list of themes:
- The capitalist revolution
- Scarcity, work and individual choices
- The role of social interactions
- Property and power: mutual gains and conflict
- The firm and its customers
- Markets and competition
- The labour market: wages, profits and unemployment
- Banks, money and the credit market
- Markets, efficiency and public policy
- Economic fluctuations and unemployment
- Unemployment and fiscal policy
- Inflation, unemployment and monetary policy
- ...
Planned learning activities and teaching methods :
The course is a lecture based on the book of Gregory Mankiw and Mark Taylor "Principes de l'économie", published by De Boeck Université. 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.
Assessment methods and criteria :
In the case of a face-to-face examination, the examination is written, in session, in closed books. In the case of a distance learning examination, the examination is written in session, with open books.
Recommended or required reading :
The course is based on a reference book:
"L'économie: l'économie pour un monde différent", Yann Algan and the CORE France team, 2017, Editions Eyrolles
This book is also available online, free of charge, at the following address: https://www.core-econ.org/project/leconomie-par-lequipe-de-core/
Other information :
The course slides will be made available to students via the reprographics and on the course Moodle site.
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