Course Code :1202TEWAEC
Study domain:Economic Sciences
Academic year:2020-2021
Semester:2nd semester
Sequentiality:The student must have obtained a credit for the following courses:

- 'Inleiding tot de algemene economie' of 'Economie'

- 'Wiskunde met (bedrijfs)economische toepassingen' of 'Wiskunde' of 'Wiskundige methoden en technieken'
Contact hours:60
Study load (hours):168
Contract restrictions: No contract restriction
Language of instruction:Dutch
Exam period:exam in the 2nd semester
Lecturer(s)Jacques Vanneste

3. Course contents *

The course has three building blocks and a number of extensions.

Building blocks

  1. Short term analysis: The goods markets; Financial markets; IS-LM model
  2. Midterm analysis: the labour market; Phillips curve; inflation
  3. Long term analysis: Growth; Technological progress


  1. The role of expectations in Financial markets; Consumption; Investments
  2. The open economy: goodmarkts; financial markets; exchange range (regimes)
  3. Pathologies: the financial-economic crisis; Public debt
  4. The European economic and monetary integration

The analysis of the theoretical models is illustrated and challenged with examples in the recent economic history and the international topicality.