De elektronische studiegids voor het academiejaar 2025 - 2026 is onder voorbehoud.





Introduction to Economics (3910)
  
Coordinating lecturer :Prof. dr. Mark VANCAUTEREN 
  
Co-lecturer :Prof. dr. Willem VANLAER 

Language of instruction : English
Credits: 6,0
  
Period: semester 1 (6sp)
  
2nd Chance Exam1: Yes
  
Final grade2: Numerical
 
Sequentiality
 
   Mandatory sequentiality bound on the level of programme components
 
 

Content

This introductory course will introduce you to the fundamentals of economic analysis and reasoning. It is the course that provides a building block on which subsequent, more specialized and advanced economics courses are based. Students are introduced to topics that are highly relevant both to decision making and to understanding many of the most important issue in society. After completion, students should be able to analyze real world issues by using economic models.

Topics

Introduction

  • Resources and scarcity
  • Choice making
  • Production possibility frontiers and opportunity cost,
  • The role of the government and the market economy

Microeconomics

  • The Theory of Consumer Behaviour
  • The Theory of the Firm
  • Market structure and firm's behavior
  • Factor input Market

Macroeconomics

  • Measuring the economy
  • The role of the government and an open economy
  • Money and Banking
  • General Equilibrium
  • Aggregate demand and supply


Organisational and teaching methods
Organisational methods  
Lecture ✔  
Response lecture ✔  


Evaluation

Semester 1 (6,00sp)

Evaluation method
Written exam100 %
Closed-book ✔

Second examination period

Evaluation second examination opportunity different from first examination opprt
No
 

Compulsory textbooks (bookshop)
 

Textbook 1:

Economics, Richard Lipsey and Alec Chrystal, 14de, Oxford University Press

ISBN: 9780198791034
 

Compulsory course material
 

Additional study materials (slides, background texts) will be made available on BlackBoard.


Learning outcomes
  EC = learning outcomes      DC = partial outcomes      BC = evaluation criteria  
Offered inTolerance3
Bridging Programme Master of Management J
Exchange Programme Business Economics J
Preparation Programme Master of Management J



1   Education, Examination and Legal Position Regulations art.12.2, section 2.
2   Education, Examination and Legal Position Regulations art.15.1, section 3.
3   Education, Examination and Legal Position Regulations art.16.9, section 2.