Aims

Ability to use methods and tools of economic analysis, to evaluate pros and cons of (macro) policies

Main themes

Study of economic issues in open economies like those of the EU, with special focus on employment, growth, inflation. The starting point will always be observed features of EU economies (as documented for instance in EU or OECD reports). The impact of policies on the environment of firms and on their behavior is highlighted.

Content and teaching methods

Content
- Introduction : reminder of key characteristics of EU economies ; quick refresher of basic macroeconomics ; cyclical versus equilibrium unemployment
- Taxes and distorions
- Social optimum versus Pareto optimum
- Market power, employment and income distribution
- Equilibrium unemployment, Phillips curve and monetary policy
-Low-skilled unemployment
- Unemployment and job creations/destructions

Methods
- lectures
- personal work on specific item

Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)

Prerequisite : introductory micro and macroeconomics
Evaluation : written exam, personal work and oral presentation
Support : slides

Other credits in programs