Introduction to general economics

Course Code :1002FLWGES
Study domain:Economic Sciences
Academic year:2020-2021
Semester:1st semester
Contact hours:45
Study load (hours):168
Contract restrictions: No contract restriction
Language of instruction:Dutch
Exam period:exam in the 1st semester
Lecturer(s)Hilde Meersman

3. Course contents *

The basics of microeconomic thinking form the first part of the course. The behaviour of consumers and producers are the starting point for the understanding and analysis of the demand for and the supply of economic goods, of pricing and of the different market forms.
The second part is built around macroeconomic concepts and theories. A description of concepts such as gross national product, unemployment, inflation, balance of payments, business cycles, economic growth, etc. is necessary to understand the meaning and role of macroeconomic policies. The importance of money, exchange rates and international trade is handled in a rather general way. The classical and Keynesian view of the interrelations between macroeconomic indicators illustrates how the way economic problems are analysed, has changed over time.
The third part focusses on economic policy and economic growth.
Finally, two essays in which economics are used to analyse historic events, are discussed.