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Establishment
Language of instruction
French, English
Teaching content
ECONOMICS
Training officer(s)
N.JEAN
Stakeholder(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
Présentation
Prerequisite
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.
Goal
At the end of the course, the student should be able :
- 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
- 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
Presentation
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).
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
Organization
| Type | Amount of time | Comment | |
|---|---|---|---|
| Independent work | |||
| Reference manual 's readings | 30,00 | Chaque semaine, un chapitre du manuel de référence doit être lu (entre 2h et 3h) Total = 12*2,5=30 | |
| Face to face | |||
| Interactive class | 40,00 | 32h de Cours Interactif (24 séances d'1h20 sur le semestre, à raison de deux séances par semaine, pendant 12 semaines de cours) et 8h de soutien | |
| Independent study | |||
| Estimated personal workload | 32,00 | Chaque semaine, des exercices préparatoires doivent être réalisés (environ 1h par semaine). A cela s'ajoute un temps de révision pour les examens, notamment en s'entraînant à l'aide du fascicule de soutien (environ 2h par chapitre, à répartir sur le semes | |
| Overall student workload | 102,00 | ||
Evaluation
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
| Control type | Duration | Amount | Weighting |
|---|---|---|---|
| Continuous assessment | |||
| Mid-term exam | 2,00 | 1 | 20,00 |
| Participation | 0,00 | 0 | 10,00 |
| QCM | 0,05 | 10 | 30,00 |
| Final Exam | |||
| Written exam | 2,30 | 1 | 40,00 |
| TOTAL | 100,00 | ||
Ressources
Bibliography
Gregory N. MANKIW, Mark P. TAYLOR, Principes de l’économie, De Boeck, 3ème édition, 2013 -
Internet resources
IESEG Online
Iéseg Online pour la publication des diapositives du cours;
le site est également utilisé pour y déposer les documents de TD.