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Establishment
Language of instruction
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, 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
- 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 | |
|---|---|---|---|
| Autoformation | |||
| Lecture du manuel de référence | 30,00 | Each week, student have to read one chapter of the Handbook (between 2h and 3h of reading). Total = 12*2.5=30 | |
| Présentiel | |||
| Cours interactif | 40,00 | 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. | |
| Travail personnel | |||
| Charge de travail personnel indicative | 32,00 | 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 | |
| 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 |
|---|---|---|---|
| Contrôle continu | |||
| Examen partiel | 2,00 | 1 | 20,00 |
| Participation | 0,00 | 0 | 10,00 |
| QCM | 0,05 | 10 | 30,00 |
| Examen (final) | |||
| Examen écrit | 2,30 | 1 | 40,00 |
| TOTAL | 100,00 | ||
Ressources
Bibliography
N. Gregory Mankiw, Mark P. Taylor, Economics, Cengage, 3rd edition, 2014 -
Internet resources
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.