8.00 credits
45.0 h + 12.0 h
Q2
This learning unit is not open to incoming exchange students!
Teacher(s)
Perilleux Anaïs;
Language
French
Main themes
In a first stage, the main subject to be tackled is that of the structuring of the economic circuit in the framework of the national accounting in an open economy, stressing both the links between the three traidtional axes (production, distribution of income, and expenses) and between the different economic agents (accounts of economic units). The final objective is to develop a global double entry economic table (by economic operation, by macro-économic agent). In a second stage, the objective is to tackle the macro-économic analysis in a dynamic perspective and no more from a static point of view. This will be achieved through a study of the interactions between the agents'macro-economic behaviours( supply and/or demand behaviour, pricing behaviour, ...) and certain structural characteristics ot he economies under review (partial unbalances incertain markets, productions structures in a two-sector economy, ...).
Content
The first part is devoted to the measurement and representation of aggregate economic activity (elements of national accounting; calculation of GNP according to the three perspectives; economic circuit; balance of payments). It also discusses the limitations of these measures.
The second part reviews the elements of short-term macroeconomic analysis in an open economy and their articulation. In particular, reference is made to the mechanisms at work in the markets for goods and services, labor and monetary and financial assets. The interdependence of markets is examined.
A third part deals with the field of economic policy. We focus on the effects of so-called monetary and fiscal macroeconomic policies, depending on their context (in particular, the exchange rate context), as well as on supply-side policies.
The second part reviews the elements of short-term macroeconomic analysis in an open economy and their articulation. In particular, reference is made to the mechanisms at work in the markets for goods and services, labor and monetary and financial assets. The interdependence of markets is examined.
A third part deals with the field of economic policy. We focus on the effects of so-called monetary and fiscal macroeconomic policies, depending on their context (in particular, the exchange rate context), as well as on supply-side policies.
Teaching methods
The course will be given in classroom and / or remotely depending on the evolution of health conditions.
Essentially lectures. Applications in reference to the news.
Essentially lectures. Applications in reference to the news.
Evaluation methods
Students are assessed individually in classroom or remotely depending on changes in health conditions.
Written exam in first session.
Written exam in first session.
Other information
This activity takes place according to pedagogical, hourly and organizational methods adapted to the specific public of FOPES.
Online resources
The course is documented via the Moodle site.
Teaching materials
- Blanchard, O., Cohen, D. (2020). Macroéconomie. Pearson, 8e édition.
Faculty or entity
OPES