MHCG1251 - Economy
USL-B
Credits :
5
Lecturer :
Teaching assistant :
Mode of delivery :
Face-to-face , second term, 45 hours of theory and 15 hours of exercises.
Timetable :
Second term Wednesday from 16:00 to 19:00 at 43 Botanique 4
Language of instruction :
French
Learning outcomes :
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.
Prerequisites :
None
Co-requisites :
None
Course contents :
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
Planned learning activities and teaching methods :
Lectures - readings - tutorials
Assessment methods and criteria :
Written exam
Recommended or required reading :
G. Mankiw et M Taylor Principe de l'Economie, 2ème édition européenne
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