mecon1104  2019-2020  Mons

Note from June 29, 2020
Although we do not yet know how long the social distancing related to the Covid-19 pandemic will last, and regardless of the changes that had to be made in the evaluation of the June 2020 session in relation to what is provided for in this learning unit description, new learnig unit evaluation methods may still be adopted by the teachers; details of these methods have been - or will be - communicated to the students by the teachers, as soon as possible.
6 credits
45.0 h + 30.0 h
The objective of this course is to introduce fundamental economic principles.
This course is divided in two parts: microeconomics and macroeconomics.
Microeconomics studies the indivudual choices of economic agents (consumer, firm, government), market mechanisms, state's interventions (externalities, public goods, common ressources, natural monopolies, taxes, subsidies, efficiency losses)
Macroeconomics studies the economy as a whole and the relations among economic variables (growth, inflation, public debt, interest rates, balance of payments, exchange rates, labor market, money market, goods and services market).
Teaching methods
Key lectures (45h)
Small group exercices (30h)
Evaluation methods
-Final written exam (multiple choice questions: 30% of the final grade, open-ended questions: 70% of the final grade)
-A test will be organized during the first semester. Students who will pass this test will receive an exemption for a part of the final written exam. This exemption is cancelled if the student does not pass the exam organized in January.
  • Gregory N. Mankiw et Mark P. Taylor, "Principes d'économie", de boeck,5ème edition, 2019.
  • Diapositives et documents sur student corner
Gregory N. Mankiw et Mark P. Taylor, "Principes d'économie", de boeck, 5ème edition, 2019.
Teaching materials
  • Gregory N. Mankiw et Mark P. Taylor, "Principes d'économie", de boeck, 5ème edition, 2019
  • Diapositives et documents sur student corner
Faculty or entity

Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Bachelor in Management

Bachelor : Business Engineering