This class exists in these courses :
• Faculté de Gestion, Economie & Sciences - Licences & Prépas - Licence 2 Gestion Classe Sup - S3 - 4 ECTS
  Institut Supérieur d'Expertise et d'Audit (ISEA) - Licence 2 Comptabilité Finance Audit option santé - S3 - 3 ECTS

Prerequisites

The course of economic analysis I or at least an introduction to the basics of microeconomics (supply, demand, productivity, monopoly).

Learning outcomes

The course objective is to provide an overall vision and coherent changing macroeconomic environment acted upon by individuals, firms and governments. Four major themes are addressed:
1) Long-term inflation
2) Determinants of long-term economic growth
3) Structural unemployment
4) Fluctuations in economic activity in the short term and cyclical regulatory policies.
Almost the entire course is given at the beginning of the semester in the form of a manual to be completed with notes taken during class.

Course description

- Chapter I: Inflation
- Chapter II: Economic growth
- Chapter III: Structural unemployment
- Chapter IV: Introduction to fluctuations in economic activity
- Chapter IV: Economic cycles, demand shocks and cyclical economic policy (the IS-LM-FE)
- Chapter V: Business cycles and economic policy through the AD-AS model with fixed prices in the short term
- Chapter VI: The Microeconomic Foundations of sticky prices and short term wages
- Chapter VII: Inflation and unemployment: Phillips

Class type

Class structure

Teaching methods

Assessment

Recommended reading

• O. BLANCHARD et D. COHEN, Macroéconomie, Pearson||
  J. STIGLITZ, Principes d’économie moderne chez de Boeck||
  M. BURDA et Ch. WYPLOSZ, de Boeck, Macroéconomie, Bruxelles||
  P. KRUGMAN, Macroéconomie, Ed. De Boeck
  
  

Internet resources