Duration
28h Th, 20h Pr
Number of credits
| Bachelor in bioengineering | 4 crédits |
Lecturer
Coordinator
Language(s) of instruction
French language
Organisation and examination
Teaching in the second semester
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
I. Microeconomic Analysis
1. Consumer's choice theory
1.1. The Utility fonction
1.2. Consumer's choice analysis
1.3. Elasticity
2. Producer's choice theory
2.1. Production fonction
2.2. Production costs
2.3. Sale receipts
3. Markets study
3.1. The Concept of market
3.2. Conditions for open competition
3.3. Price formation in open competition
3.4. Price formation in monopoly situation
II. Macroeconomic analysis
1. National accountancy
1.1. Introduction
1.2. Concepts and definitions
1.3. Rules of Consistency
2. Gross National Product
2.1. Production method
2.2. Income method
2.3. Expenditure method
3. Macroeconomic equilibriums
III. Money
1. Introduction and definition
2. History
3. The different forms of money
4. The demand of money
5. The output of money
6. The International Monetary System
7. The European Monetary System
IV. Economic Policy
1. Economic Policy
2. Budget policy
3. Globalisation
Learning outcomes of the learning unit
Introduction to basic political economic reasoning and to economic issues analysis
After completing the course the student is expected to:
- Master the theoretical foundations of micro- and macroeconomics
- Interpret correctly a microeconomic statement and solve microeconomic problems
- Analyse national accounts and GNP data
- Understand the levers of economic policy, including the monetary and budgetary dimensions
Prerequisite knowledge and skills
Basic knowledge of fundamental statistics and general mathematics
Planned learning activities and teaching methods
Mode of delivery (face to face, distance learning, hybrid learning)
Face-to-face course
Further information:
Lectures : 28h
Practical Works : 20h
Course materials and recommended or required readings
Notes of course
Exam(s) in session
Any session
- In-person
written exam
Additional information:
Written examination
Work placement(s)
Organisational remarks and main changes to the course
Contacts
Dogot, Thomas et Maréchal, Kevin
Economics and Rural Developpment Unit
Gembloux Agro-Bio Tech
Passage des Déportés 2
5030 Gembloux
+32 81 622364 + 32 81 622363
Thomas.Dogot@uliege.be ; K.Marechal@uliege.be