General Economics

Course Code :1000PSWECO
Study domain:Economic Sciences
Academic year:2020-2021
Semester:1st/2nd semester
Contact hours:60
Study load (hours):168
Contract restrictions: No contract restriction
Language of instruction:Dutch
Exam period:exam in the 1st and/or 2nd semester
Lecturer(s)Eve Vanhaecht

3. Course contents *

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;
- pricing (competition imperfect competition,  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.