Introduction to general economics

Academic year: 2007-2008 Course code module 1BPSW-03 Semester: 1st and 2nd semester Credits: 6 Study load (hours) 168 Theory (hours): 60,00 Practice/Exercises(hours): 20,00 Other (hours): Part-time program: 1 Instructor(s) Diana De Graeve Language of instruction: Dutch Semester exam information: semester exam in June Contract restriction information: 1. Prerequisites *Algemene competenties No knowledge in the field of economy. Limited mathematical knowledge.(level reached by the end of secondary education; linear functions, graphical presentation, derivatives); *Sequentiality 2. Objectives (expected learning outcomes) Students are expected: - to understand and use main economic concepts (GDP, real/nominal, price elasticity...). - to have a basic insight into economic aspects of social phenomena(waiting lists, unemployment, inflation) - to develop a basic economic reasoning, analytical and not merely descriptive) 3. Course content The course consists of a general introduction to economics. It consists of two parts: Part one surveys the scope of micro-economics: - consumer behavior and the demand for goods and services; - producer behavior, production, costs and supply; - prijsvorming in de markt (competition and monopoly) - the role of the government The second part treats macro-economic themes: - national accounts - goods- and services market, money market and labor market - role of the government in guiding the economy - international trade The course makes use of graphical and simple mathematical models. Applications and exercises deepen the theoretical insight. 4. Teaching method Direct contact: Lectures Exercise sessions 5. Assessment method Exam: Written, without oral presentation Closed book Open questions 6. Compulsory reading – study material L.Berlage en A.Decoster, 2005, Inleiding tot de Economie, Universitaire Pers Leuven 7. Recommended reading - study material further references on blackboard 8. Tutoring laatste aanpassing: last update: 12/10/2007 10:55 diana.degraeve