This class exists in these courses :
• IÉSEG > IESEG Degree - Programme Grande École > Semester 1 > 2,00 ECTS

Prerequisites

Basic knowledge of macroeconomics, corporate accounts and financial markets.

Learning outcomes

The purpose of the course is to learn how macroeconomic fluctuations affect the performance and profitability of corporate firms in different sectors, the ways by which the business cycles affect the management decisions, and which kinds of optimal financial assets management policies have to be conducted in reaction to different macroeconomic events.

At the end of the course, the student should be able to:
- understand business cycles reports published by the management and financial press,
- perceive how macroeconomic fluctuations affect the profitability of corporate firms,
- know how firms of various sectors may react to macroeconomic fluctuations,
- appreciate how financial assets management has to be conducted to take benefit from macroeconomic fluctuations.

Course description

The course is divided into two main section. The first focuses on the understanding of the macroeconomic outlook and the business cycle while the later studies its implication for companies.

Class type

Class structure

Teaching methods

• Project work
• Research

Assessment

The evaluation system is based on two pillars : a group project (60% of final mark) and a final exam (40% of final exam). The group project's objective is to apply the mechanisms explained during lectures to a specific company. The final exam assesses the theoretical knowledge acquired by the student.

Recommended reading

• IMF World Economic Outlook (April 2018, Update July 2018 -

Internet resources

• IESEG online