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TOOLS FOR MICROECONOMICS ANALYSIS

2016-2017

IESEG School of Management ( IÉSEG )

Code Cours :

1617-IÉSEG-BA1S2-ECO-B1-CE02UE

ECONOMICS


Niveau Année de formation Période Langue d'enseignement 
Bachelor1S2English
Professeur(s) responsable(s)N.JEAN
Intervenant(s)Céline BROGNIART-MERLIN, Vincent DESREUMAUX, Moussa DIABY, Carine DRAPIER, Mahsa JAVAHERI, Nicolas JEAN, Mohamed KOSSAI, Romain NOEL, Ibrahima SOUMARE, Margita ENGSTROM, Anna-Maria FIORI, Mahsa JAVAHERI, Kassoum AYOUBA, Raluca PARVULESCU, Zhiyang SHEN


Pré requis

No prerequisite to attend the first part of the lecture.However, a good attendance at the first party is required to follow the second part in good conditions.

Objectifs du cours

At the end of the course, students should be able to:
- Know and apply the optimum conditions for the consumer and the firm
- Master the mathematical and graphical resolution tools associated with these programs
- Define and calculate different types of elasticity
- Understand the concept of externalities (positive and negative) and its implications
- Know the concepts of public goods and common resources, and their implications.
- Know the characteristics of each market structures (perfect competition, monopolistic competition, oligopoly, monopoly)
- Analyse the efficiency of each market strcuture and make comparisons between them
- Handle some concepts of game theory

Contenu du cours

The first part of the course provides an overview of the basics of microeconomics: consumer behavior (rationality, consumer program, optimum, substitution effect and income effect), producer behavior (demand for production factors, cost functions, profit and optimum of the firm), the framework for competitive analysis and the concept of demand/supply elasticities.
The second part tackles the efficiency of markets with the concept of Pareto optimum following up on the imperfections causing inefficient markets (externalities, public goods) and the different market structures (monopolistic competition, oligopoly, monopoly). Some concepts of game theory will also be addressed (prisoner's dilemma, Nash equilibrium).


Modalités d'enseignement

Organisation du cours

TypeNombre d'heuresRemarques
Independent work
Reference manual 's readings30,00   Each week, student have to read one chapter of the Handbook (between 2h and 3h of reading).
Total = 12*2.5=30
Face to face
Interactive class40,00   32h of Interactive Course (24 sessions of 1h20 during the whole semester, 2 sessions by week during 12 weeks of courses) and 8h for remedials.
Independent study
Estimated personal workload32,00   Each week, students have to do homework before the first class of the week (almost 1h). Moreover, students have to revise for the exam (midterm and final). They could train with exercices of the remedials. It represents a workload of 2h by chapter, during
Charge de travail globale de l'étudiant102,00  

Méthodes pédagogiques

  • E-learning
  • Interactive class


Évaluation

Students are assessed weekly by an MCQ that controls the reading the handbook's chapterl. In addition, two table tests are carried out on the semester: one during the midterm and the other during the final exams. Finally, student involvement is also, evaluated

Type de ContrôleDuréeNombrePondération
Continuous assessment
Mid-term exam2,00120,00
Participation0,00010,00
QCM0,051030,00
Final Exam
Written exam2,30140,00
TOTAL     100,00

Bibliographie

  • N. Gregory Mankiw, Mark P. Taylor, Economics, Cengage, 3rd edition, 2014 -


Ressources internet

  • IESEG Online

    IESEG Online for the slides regading the lecture; the site is also used to deposit complimentary documents regading the lecture as well as all the tutorial-related documents.



 
* Informations non contractuelles et pouvant être soumises à modification
 
 
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