This information sheet indicates how the course will be organized at pandemic code level yellow and green.
If the colour codes change during the academic year to orange or red, modifications are possible, for example to the teaching and evaluation methods.

Introduction to economics

Course Code :1101TEWAEC
Study domain:Economic Sciences
Academic year:2020-2021
Semester:1st semester
Contact hours:75
Credits:6
Study load (hours):168
Contract restrictions: No contract restriction
Language of instruction:Dutch
Exam period:exam in the 1st semester
Lecturer(s)Jan Bouckaert

3. Course contents *

Following a description of the economic problem and the method of economic science, we deal with microeconomic subjects: the market forces; government intervention in the market; the study of consumer decisions; the description of production processes by means of production and cost functions; the behaviour of the manufacturer in alternative market forms. We also deal with the following macroeconomic subjects: macroeconomic variables; economic growth and macroeconomic balance; unemployment and inflation; monetary and budgetary politics. The last part is specifically dedicated to the international dimension of the economy: international trade, balance of payments, exchange rate, monetary union.