Course Code :5001TEWECO
Study domain:Economic Sciences
Academic year:2020-2021
Semester:1st semester
Contact hours:60
Study load (hours):168
Contract restrictions: No contract restriction
Language of instruction:Dutch
Exam period:exam in the 1st semester
Lecturer(s)Eve Vanhaecht

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.