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IESEG School of Management ( IÉSEG )

Code Cours :



Niveau Année de formation Période Langue d'enseignement 
MSc in Finance1S1English
Professeur(s) responsable(s)R.PARVULESCU

Pré requis

This course is addressed to students enrolled in their 1st semester in MSc Finance at Iéseg School of Management. The general philosophy of this course is to give students an overview of microeconomics and the main techniques used in this discipline. It is assumed that students are familiar with graphing and basic algebra.

Objectifs du cours

By the end of this course, students should be able to:
- Understand firm behavior, in connection with the local/international environment in which firms operate
- understand the role & the effects of Government intervention in the economy
- Analyze different types of market structures.

Students should also have the skills needed to:
• Use supply and demand diagrams to analyze the impact of overall changes in supply and demand on price and quantity.
• Use the appropriate tools in order to do a market analysis
• Apply economic concepts and thinking while dealing with the capital market

Contenu du cours

1. Introduction to Microeconomics:
- 10 principles of Microeconomics (Ch1 in Textbook)
- Thinking like an Economist (Ch2 in Textbook)
- How to read/interpret a graph
2. Market Forces of Supply & Demand
- What is demand/ what is supply/ what is a market equilibrium / static analysis (Ch. 3 in Textbook)
- Elasticities and their applications (Ch. 4 in Textbook)
- Government intervention (Ch. 8 in Textbook)

3. The Firm and Industry Organisation
- Firms in competitive markets (Ch 6 in Textbook)
- Overview of firm behaviours in alternative market structures (online couse material)

Modalités d'enseignement

Organisation du cours

TypeNombre d'heuresRemarques
Face to face
lecture16,00   Lectures are aimed at providing the required definitions and instruments. Students are expected to participate actively and solve in-class exercises
Independent work
Reference manual 's readings22,00   By reading the book and training on the companion website, students will get a deeper understanding of the course and will improve their ability to solve practical exercises.
Independent study
Group Project8,00   These consist of two written group assignments, including exercises, case studies and some research activity.
Estimated personal workload4,00  
Charge de travail globale de l'étudiant50,00  

Méthodes pédagogiques

  • E-learning
  • Research
  • Interactive class
  • Case study


A written final exam, consisting of open questions and exercises, weights 50% of the final grade.
Continuous assessment consists of 2 MCQs (20% weight) and 2 written group assignments, to be completed partly in class and partly at home (30% weight).

Type de ContrôleDuréeNombrePondération
Written Report4,00230,00
Final Exam
Written exam2,00150,00
Continuous assessment
TOTAL     100,00


  • Compulsory textbook: Mankiw & Taylor (2014), Economics, 3rd ed, Cengage Learning. -

  • Sloman and Wride, Economics, 7th edition, Prentice Hall -

    Complementary (not compulsory) readings:

Ressources internet

* Informations non contractuelles et pouvant être soumises à modification
Vidéo : Un campus à vivre
Notre chaîne Youtube