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Economic Analysis 1

Code Cours
2021-FGES-ECON-FR-1003
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  3. Economic Analysis 1
Language of instruction
French, English
This course occurs in the following program(s)
Licence Droit Economie Gestion - Parcours Comptabilité, Finance, Audit - Crédits ECTS: 0.00
Training officer(s)
Jean Pierre MARISSAL

Présentation

Prerequisite
None
Goal
The objective of this course is to familiarize students with economic reasoning. During the first semester, the course will focus on six key concepts needed to understand and carry out an economic rationale: opportunity cost, comparative advantage; law of supply and demand, marginal analysis, and voluntary exchange of property rights; price mechanisms. These concepts are the tools to decipher the social and historical economic phenomena from the perspective of economic analysis. The course is mostly "literary," but still broadly based on chart analysis; technical aspects and algebra are discussed in the math.
Presentation
Part 1: Six key concepts of economic reasoning
1.1. opportunity cost
1.2. comparative advantage
1.3. law of supply and demand
1.4. marginal analysis
1.5. voluntary exchange and property rights
1.6. price mechanism

Modalités

Forms of instruction
• Lecture
The full slides used during the course are provided at the beginning of the semester in the form of a handout.
• Tutorials
The tutorials consist of an application of the course. They are set up as vocabulary quizzes, questions from lectures, computational exercises and analytical work.
Evaluation

Ressources

Bibliography

|| Sloman, John (2008), « Principes d’économie », Pearson Education.|| Katz*, Michael L., & Harvey S. Rosen (1998), « Microeconomics », Mc Graw Hill.|| Pindyck, Robert, & Rubinfeld, Daniel (2005), « Microéconomie », Pearson Education, 6ème éd.|| Levitt, Steven D., & Stephen Dubner (2006), « Freakonomics », Denoel.|| Becker, Gary S. (1976), « The Economic Approach to Human Behavior » , The University of Chicago Press.|| Tullock, Gordon (2006), « Economics without frontiers », Liberty Fund, inc.|| Depken* II, Craig A. (2006), « Microeconomics demystified », Mc Graw Hill.|| Earl, Peter (1995), « Microeconomics for business and marketing », Aldershot, UK : Edward Elgar.|| Lemennicier, Bertrand (2002), « Microéconomie, théorie et applications » (CD-rom), BWM Mediasoft

Internet resources