Economics

6 ECTS credits
157 h study time

Offer 2 with catalog number 1015810ANR for all students in the 2nd semester at a (A) Bachelor - preliminary level.

Semester

2nd semester

Enrollment based on exam contract

Impossible

Grading method

Grading (scale from 0 to 20)

Can retake in second session

Yes

Taught in

Dutch

Partnership Agreement

Under agreement for exchange of courses

Faculty

Faculty of Social Sciences & SolvayBusinessSchool

Department

Business

Educational team

Viviane Illegems
Bart Van Kerkhove (course titular)

Activities and contact hours

39 contact hours Lecture
13 contact hours Seminar, Exercises or Practicals
105 contact hours Independent or External Form of Study

Course Content

The course focuses on the principles guiding economic behavior and trends, as well at the level of individual decision making as on the level of the aggregate nation.
Important topics are:

Principles of economic decision making.
The market mechanism.
Market efficiencey versus market failure.
Public goods.
The costs of production and the behavior of firms on the market.
Measuring and understanding the aggregate economic flows.
Real versus monetary kay variables.
Economic fluctuations and the impact of economic policy tools.

Course material

Handbook (Required) : Economics, Mankiw, N. G. & Taylor, M. P., 5ed, Cengage Learning EMEA, 9781473768543, 2020
Digital course material (Required) : Bijkomend materiaal ter beschikking gesteld (indien van toepassing), Bart Van Kerkhove en Viviane Illegems, Canvas
Course text (Required) : Economie, Boekdeel 1, Bart Van Kerkhove en Viviane Illegems, VUB, 2220170008370, 2021

Additional info

Not applicable.

Learning Outcomes

General competencies

Insight in the mechanisms of a mixed economic system. The focus is on the interaction between the public and the private sector.

The course explains the principles guiding economic thought and its contribution in analysing and steering economic trends.
The student learns to understand today's economic problems and its indicators.

Grading

The final grade is composed based on the following categories:
Written Exam determines 100% of the final mark.

Within the Written Exam category, the following assignments need to be completed:

Written Exam (macro) with a relative weight of 50 which comprises 50% of the final mark.
Written Exam (micro) with a relative weight of 50 which comprises 50% of the final mark.

Additional info regarding evaluation

Not applicable.

Allowed unsatisfactory mark

The supplementary Teaching and Examination Regulations of your faculty stipulate whether an allowed unsatisfactory mark for this programme unit is permitted.

Academic context