Introduction aux faits et mécanismes économiques [ECGEB170]

Learning outcomes

This is an introductory course. It has 3 main objectives : - Understanding and explaining economic facts and events as a consequence of rational decisions of economic agents facing constraints and incentives, - Building an argument on the basis of tools and concepts presented in class, - Becoming aware of the field of economics and of the social and material issues it deals with.

Content

* Introduction to individual choices * Microeconomics : exchange and production under perfect competition * Microeconomics : market imperfections : monopoly, externalities, asymmetric information * Microeconomics : factor markets, income determination and financial markets * Macroeconomics : Macroeconomic aggregates, growth, production and aggregate supply * Macroeconomics : money, inflation, exchange rate, aggregate demande, equilibrium. * Collective and individual choices : how markets, firms, groups and governments interact.