Economics

Teacher(s)

Gilson Nathalie;

Language

French

Prerequisites

Mathematics lessons in high school. The concepts used in this course are:

• graphical representations of linear equations;
• polynomials derivatives;
• resolutions of systems of two linear equations with two unknowns.

Main themes

The objective of this learning unit is to present the basics of economic reasoning. It is divided into two parts which correspond to two complementary facets of economic reality: microeconomic analysis and macroeconomic analysis.

This learning unit addresses contemporary topics and issues such as sustainable development and the circular economy. Macroeconomic concepts are illustrated with the most recent economic data.

Learning outcomes

At the end of this learning unit, the student is able to :
1	Given the « competencies referential » linked to the LSM Bachelor in Management and Business Engineering, this course mainly develops the following competencies: 1. Adopt a socially responsible mindset 2. Acquire a knowledge base At the end of the class, the student will be able to: master a knowledge base in the field of economics, in particular to identify situations of efficiency or market failures; identify issues such as equity, inefficiency or sustainable development in economic reasoning; interpret current economic data or situations with relevance.

Content

The objective of this course is to introduce fundamental economic principles.

Teaching methods

Key lectures (45h)
Small group exercices (20h)

Evaluation methods

Final written exam

Bibliography

• Gregory N. Mankiw et Mark P. Taylor, "Principes d'économie", de boeck,6ème edition, 2022.
• Diapositives et documents sur moodle.uclouvain.be

Gregory N. Mankiw et Mark P. Taylor, "Principes d'économie", de boeck, 6ème edition, 2022.

Teaching materials

• Gregory N. Mankiw et Mark P. Taylor, "Principes d'économie", de boeck, 6ème edition, 2022
• Diapositives et documents sur moodle.uclouvain.be

Faculty or entity

CLSM