• Number of ECTS: 7
• Course code: BASE-1
• Module(s): Module 1A : Fondements
• Language: FR
• Mandatory: Yes

L’objectif du cours est de doter les étudiants d’un bagage suffisant pour pouvoir aborder des sujets microéconomiques plus avancés telles que la concurrence imparfaite, l’économie industrielle, l’économie du travail, etc.

Au terme du cours de microéconomie 1, chaque étudiant devra être à même de :-   mobiliser des outils microéconomiques  afin d’expliquer des déséquilibres sur les marchés des produits et des facteurs de production ;-   analyser l’impact de facteurs externes, telle que la taxation, sur l’équilibre de marché ;-   appliquer des modélisations microéconomiques élémentaires à des problèmes économiques contemporains ;-   expliciter  des sujets de microéconomie plus avancés, notamment en concurrence imparfaite, en économie industrielle, en économie du travail etc.

Le cours aborde les points suivants:Théorie du Consommateur : choix et fonction de demande du consommateur ; mesures du bien-être ; Théorie du Producteur : contraintes techniques vs. contraintes économiques ; la maximisation des profits ; les fonctions de coûts ; L’Equilibre du Marché en concurrence parfaite.

Une épreuve de contrôle continu (écrit), poids : 30 % Un examen final (écrit), poids : 70 %

Bibliographie : Introduction à la microéconomie de Hal R. Varian (Ed. De Boeck) Microéconomie (tome 1)de Pierre Picard  (Ed. Montchrestien) Microéconomie de Robert Pindyck (Pearson Education)

• Number of ECTS: 3
• Course code: BASE-2
• Module(s): Module 1A : Fondements
• Language: FR
• Mandatory: Yes

Les objectifs du présent cours sont de: – Permettre à l’étudiant de saisir les principes fondamentaux de l’établissement des comptes nationaux – Donner à l’étudiant une introduction à la lecture et l’interprétation économique des comptes nationaux publiés par différents pays – Donner des exemples concrets d’enregistrement d’opérations dans la séquence des comptes et du calcul des principaux agrégats en valeur et en volume – Donner un aperçu des limites conceptuelles et pratiques des comptes nationaux

  Les différents thèmes seront développés dans le cadre théorique du Système de comptabilité nationale (SCN 2008) et du Système européen des comptes (SEC 2010) et accompagnés d’exemples et exercices pratiques. L’étudiant sera appelé à consulter les comptes nationaux publiés par différents instituts statistiques et organisations internationales (Eurostat, OCDE), et à faire le lien avec la matière enseignée.  

Les trois optiques du PIBLa genèse des comptes nationauxLe cadre comptable des comptes nationaux- unités et regroupements- règles comptables- mesures en valeur et en volumeLa séquence des comptes- le compte de production et le PIB- le compte d’exploitation- le compte d’affectation des revenu primaires et le RNB – le compte de distribution secondaire du revenu et le revenu disponible- le compte d’utilisation du revenu disponible et l’épargne- le compte de capital et l’excédent/capacité de financement- les comptes financiersComparaisons dans le temps et dans l’espaceUtilisations et limites des comptes nationaux

Un examen final (écrit).

Litérature Obligatoire: La comptabilité nationale, Jean-Paul Piriou, Jacques Bournay, Vincent Biausque, La Découverte (18ème édition, 2019) (a reading list of selected pages will be made available during the course) Recommandé : Understanding national accounts, François Lequiller, Derek Blades, Second edition 2014, https://www.oecd.org/sdd/understanding-national-accounts-9789264214637-en.htm Recommandé : Site web d’Eurostat sur les comptes nationaux https://ec.europa.eu/eurostat/web/national-accounts Recommandé: Site web de l’OCDE sur les comptes nationaux https://www.oecd.org/sdd/na/  

• Number of ECTS: 4
• Course code: BASE-5
• Module(s): Module 1A : Fondements
• Language: FR
• Mandatory: Yes

Comprendre les enjeux et les outils du marketing ; Mieux appréhender les logiques de prise de décision et d’élaboration des stratégies ; Connaître les différentes sources de financements interne et externe et les outils / indicateurs financiers essentiels ; Comprendre la gestion des ressources humaines.

Ce cours est une introduction à la gestion qui vise à appréhender plusieurs notions et disciplines en marketing, en stratégie, en finance d’entreprise et en ressources humaines.La mercatique permettra de mieux comprendre les choix et la stratégie de l’entreprise à travers les différentes méthodes présentées. Le but est finalement de connaître son marché, pour s’y adapter et pour l’influencer.La stratégie d’entreprise vise quant à elle à coordonner les actions et les politiques de l’entreprise pour réaliser des objectifs en termes de croissance et construire son avantage concurrentiel. L'entreprise peut notamment suivre une stratégie de spécialisation ou une stratégie de diversification en fonction de la place occupée sur le marché.L’analyse financière est au cœur des différentes grandes étapes de la vie d’une entreprise. Tout au long de la vie de l'entreprise, son activité nécessite d'être financée pour créer l’entreprise, pour soutenir sa croissance ou bien pour renforcer sa trésorerie.La gestion des ressources humaines sera également aborder dans une logique d’implication, de stimulation et de développement des compétences du personnel. L’entreprise doit maintenir les effectifs en qualité et en quantité par une gestion prévisionnelle et une politique de formation.Le cours s’appuiera également sur des analyses de cas (matrice SWOT, leader-challenger, …).

Dossier et présentations facultatifs: 25% Examen écrit final: 75%

Littérature: MERCATOR – Jacques Lendrevie, Julien Lévy – Dunod STRATEGOR – Bernard Garrette, Laurence Lehmann-Ortega, Frédéric Leroy, Pierre Dussauge, Rodolphe Durand, Bertrand Pointeau, Olivier Sibony – Dunod MARKETING MANAGEMENT – Phil T. Kotler, Kevin Lane Keller, Malcolm Goodman, Mairead Brady, Torben Hansen – Pearson Education EXPLORING STRATEGY – Gerry Johnson, Richard Whittington, Kevan Scholes, Duncan Angwin, Patrick Regnér – Pearson Education

• Number of ECTS: 6
• Course code: BASE-7
• Module(s): Module 1A : Fondements
• Language: FR
• Mandatory: No

Au terme du cours, l’étudiant doit être à même de : – Tracer le graphique d’une fonction d’une variable réelle; – Utiliser un langage rigoureux dans la dérivation des résultats à partir de propositions initiales ; – Quantifier les relations entre variables économiques;  

Ce cours introduit les concepts et techniques mathématiques à la base de la modélisation économique. L'étudiant se familiarisera à l'algèbre linéaire, aux suites numériques, à l'étude de fonctions réelles d'une variable réelle et à la représentation graphique des relations entre les variables.Contenu abordé: 1) Vocabulaire des fonctions2) Fonctions linéaires, droites dans le plan3) Limites, continuité et dérivation des fonctions4) Tracé du graphe des fonctions5) Suites numériques6) Fondements du calcul intégral

Un examen préliminaire (écrit), poids, 30 % Un examen final (écrit), poids 70 % Documents non permis aux examens

Livre de texte (conseillé, pas obligatoire) "Mathématiques pour économistes" de Carl P. Simon et Lawrence E.Blume, De Boeck, (26 avril 1997)

• Number of ECTS: 6
• Course code: BA_ScEco-4
• Module(s): Module 1A : Fondements
• Language: EN
• Mandatory: No

At the end of the course, the student should able able to: Draw the graph of a function of a real variable; Use rigorous mathematical language in drawing conclusions from assumptions; Quantify the relationships among economic variables.

A written mid-term exam (30%) A written final exam (70%)

Textbook (suggested reading)"Mathematics for Economists" by Carl P. Simon and Lawrence E.Blume, W. W. Norton & Company, 1st edition, 1994

• Number of ECTS: 3
• Course code: BASE-4
• Module(s): Module 1B : Ouverture
• Language: EN
• Mandatory: Yes

The course aims are to: ·provide students with a general understanding of the law;·explore the different forms of law making and the role of the judiciary;·examine the different sources of law, with a focus on codified legislation; ·outline court structures and provide an opportunity to see how cases develop through various courts;·introduces students to dispute resolution mechanisms outside domestic courts;·examine how arbitral tribunals apply and interpret legal norms.

By the end of this course students will be able to: ·explain the structure and operation of the key institutions in common and civil legal systems; ·evaluate the different forms of law making (by way of legislation and through the courts); ·demonstrate an understanding of the different sources of law and branches of government; ·appraise how the courts apply and interpret legislation; ·explain the differences between traditional and ADR methods; ·explain the use of arbitration for settling disputes in key economic areas, such as international contracts, company law and foreign direct investment.

What is Law? The student may already have an idea of how to answer this question. Defining law is more complex that one might expect. This term has different meanings in different societies at different times. The student may be wondering: why teaching a law course to students in economics and management? The answer to this question is simple: because the law intersects with almost every aspect of life: work, family, shelter and especially business transactions. A company sells, buys, rents, borrows, builds, creates, provides services, hires and dismisses staff, restructures, pays taxes, merges, so many operations, which the law governs, whether we like it or not. This course is designed to provide students with a general understanding of the law, introducing them to legal concepts, principles and procedures. It examines the key features of legal systems in civil and common law jurisdictions, with a particular (but not exclusive) focus on the Luxembourg system. This includes an introduction to the various forms of law and decision making found in these systems, such as the role of the judicial, legislative, and executive branches, law enforcement, categories of law, litigation principles and alternative dispute resolution. The course is broadly split into three substantive parts:Sources of law This part examines the different sources of law, with a focus on codified laws. We can distinguish here between private law and public law. Private law covers rules that regulate the relationships between private individuals (subjects of law who are, legally speaking, in an equal situation; for example, the legal relationship between a buyer and a seller, where both parties have certain rights and obligations). Private law covers civil law, commercial law, private international law as well as intellectual property. Public law, on the other hand, consists of rules where one party is the state, which participates in the legal relationship from a position of strength – thereby effecting its power. Public law also includes principles that serve as a basis for the structure of the state and the relationships between the state and the citizens. In addition to constitutional law, public law covers administrative, financial, criminal as well as public international law.Branches of government The course then introduces students to the different branches of government, which includes a legislature, an executive, and a judiciary power. The legislature makes laws. The executive puts those laws into effect and plans policy. The judiciary administers justice by interpreting the law when its meaning is in dispute, ensuring the law is upheld. An important aspect of this part will be to explain the structure of the courts system and how judges resolve disputes relating to different matters over which they have jurisdiction, such as civil, commercial, criminal and labour matters.Alternative dispute resolution This part introduces students to non-traditional dispute resolution methods, or alternative dispute resolution (ADR), which refers to any means of settling disputes outside of the courtroom. ADR typically includes negotiation, conciliation, mediation and arbitration. This part focuses on arbitration by providing an overview of this mechanism as a preferred method for solving disputes in commercial and investment matters. The course will describe the reasons for choosing arbitration over national courts and the different types of arbitration (ad hoc arbitration and institutional arbitration). It will also explain the major steps of the arbitration proceeding, from the appointment of arbitrators to procedural aspects until the award is rendered.

100% final written exam. Each week voluntary students have nevertheless the possibility to do a presentation. Those who do presentations will be positively valued at the end.

Literature : There are many books on introductions to the study of law and ADR. You may use any which you like, but because of its clarity and closer alignment with course content, our preferred books are:•Phil Harris, An Introduction to Law (Law in Context) 8th Edition (Cambridge University Press)•Nigel Blackaby, Constantine Partasides and Alan Redfern, Redfern and Hunter on International Arbitration: Student Version 7th Edition (Oxford University Press)Specific readings and/or handouts will be made available on Moodle for the lectures associated with each part of the course. These will be made available before each part commences.

• Number of ECTS: 4
• Course code: BASE-3
• Module(s): Module 1B : Ouverture
• Language: FR
• Mandatory: Yes

Accordant une grande place à la culture générale, ce cours aidera les étudiants dans leur compréhension des mécanismes économiques généraux qui trouveront là des illustrations et des prolongements concrets. En plus des connaissances, cet enseignement vise à l’acquisition de méthodes et d’une réflexion, utiles dans le reste de la formation, dans une démarche qui impose à la fois souplesse et rigueur.     

Ce cours envisage une réflexion d’ensemble sur le monde contemporain (XIXème et XXème siècle), afin de mieux comprendre les grands enjeux économiques et sociaux du monde actuel. En considérant les grandes évolutions depuis l’entrée dans l’Age industriel, l’objectif est de faire ressortir les continuités et les ruptures qui ont amené à la configuration du monde d’aujourd’hui et d’appréhender les mécanismes de la compétition internationale et des rapports de force entre les différentes puissances, dans la perspective de la mondialisation.

Un examen écrit à la fin du 1er semestre sous la forme d’une dissertation et d’une question de cours à rédiger. Pour les étudiants n’ayant pas obtenu la note de 10/20, la session de rattrapage à la fin du 2ème semestre se fera sous la forme d’un court examen oral.  

Foreign students are authorized to write their texts during exams in English.

• Number of ECTS: 3
• Course code: BASE-8
• Module(s): Module 1B : Ouverture
• Language: FR
• Mandatory: Yes

 

  À l’issue du cours, les étudiants devront être capables de : – Comprendre les concepts et grandeurs de base de l’économie (production, croissance, emploi, développement, inégalités…) – Saisir les enjeux des débats économiques contemporains de façon nuancée et critique – Développer un certain nombre d’intuitions concernant le fonctionnement de l’économie  

Les thèmes abordés dans le cours sont les suivants :- Production et croissance- Chômage et marché du travail- Inégalités économiques- Rôles de l’état et politiques publiques- Mondialisation et développement durable 

Examen écrit final

Littérature (facultative) : – Production et croissance : Blanchard et Cohen (2020, 8e édition, les premiers chapitres), Macroéconomie, Pearson ; Guellec (2009), Economie de l’innovation, Collection Repères, La Découverte Chômage et marché du travail : Gautié (2015), Le chômage, Collection Repères, Editions La Découverte Inégalités économiques : Piketty (2015), L’économie des inégalités, Collection Repères, Editions La Découverte Rôles de l’état et politiques publiques : Bozio et Grenet (2017), Economie des politiques publiques, Collection Repères, Editions La Découverte Mondialisation et développement durable : Suivre régulièrement l’actualité

• Number of ECTS: 7
• Course code: BASE-9
• Module(s): Module 2A : Fondements
• Language: FR
• Mandatory: Yes

A l’issue de ce cours, les étudiants devraient être capables : 1.     d’expliquer et justifier de manière simple les méthodes utilisées pour l’analyse macroéconomique, en distinguant notamment les analyses macroéconomiques de long terme et celle de court terme 2.     d’analyser les mécanismes de la croissance économique et de ses déterminants à l’aide d’éléments de théorie macroéconomique ; 3.     de mobiliser les outils macroéconomiques pour expliquer les phénomènes monétaires 4.     d’expliquer les mécanismes par lesquels transitent les effets des politiques budgétaire ou monétaire, en économie fermée ou en économie ouverte, essentiellement sous l’hypothèse de prix rigides.

La présence et assiduité au TD est obligatoire. Le cours est consacré à une présentation simplifiée et pédagogique des questions macroéconomiques fondamentales . Il comprend notamment les éléments suivants : •          Méthode et grandeurs de la macroéconomie •          Croissance économique : mesures et faits stylisés •          Progrès technique, accumulation du capital et croissance •          Monnaie et  banque centrale •          Demande globale et équilibre sur le marché des biens et services •          Modèle IS-LM •      Economie ouverte : La balance des paiements ; Taux de change réel et échanges de biens et services ; Choix entre actifs nationaux et actifs étrangers ; Modèle IS-LM en économie ouverte

Une épreuve de contrôle continu (écrit), poids, 30 % Un examen final (écrit), poids 70 %

Bibliographie : •          BLANCHARD Olivier., COHEN Daniel, Macroéconomie, 5ème édition, Paris Pearson Education, 2009. •          BLANCHARD Olivier., Macroeconomics, 5th edition, Pearson, 2010.   •          MANKIW Gregory, Macroéconomie, de Boeck Université, Bruxelles, traduction de la 5ème édition, 2010. ou MANKIW Gregory, Macroeconomics, European edition, Worth Publishers Inc.,U.S.; 6Rev Ed edition, 2007. •          BURDA Michael, WIPLOSZ Charles, Macroéconomie. A l’échelle européenne, 5ème édition, de Boeck Université, 2009 ou Macroeconomics: A European Text, Oxford University Press; 5Rev Ed edition 2009.

• Number of ECTS: 4
• Course code: BASE-10
• Module(s): Module 2A : Fondements
• Language: EN
• Mandatory: Yes

The aim of this course is to present some basic linear algebra necessary to understand the mathematical operations with more than one variable . The concepts introduced in this course will be used in future economic studies. 

Attendace to the course is mandatory.At the end of the course, students should be able to:Solve systems of linear equations and interpret the results.Demonstrate an understanding of the definitions and properties of matrices.Perform and interpret matrix operations. 

The course will provide an introduction to vectors, matrices, their properties and some other basic topics in linear algebra. Students will also learn how to solve linear systems.

Final written exam 100%

• Number of ECTS: 5
• Course code: BASE-11
• Module(s): Module 2A : Fondements
• Language: FR
• Mandatory: Yes

Ce cours a pour objectif la compréhension, le  traitement et l’analyse des  phénoménes économiques en utilisant l’information sous la forme de données quantitatives.

À l’issue de ce cours, les étudiants devraient être capables de :   –   présenter les données collectées sous forme de tableaux statistiques. – identifier la nature des variables afin de traiter l’information de façon pertinente. – analyser de façon quantitative l’information contenue dans les distributions. –  choisir les indicateurs pertinents pour interpréter et synthétiser les résultats obtenus. –  déterminer l’existence d’une relation linéaire entre deux variables statistiques par le biais de la méthode de régression.

La présence et assiduité au cours est obligatoire. Contenu:Distributions UnidimensionnellesReprésentations graphiques, caractéristiques de tendance centrale, caractéristiques de dispersion, caractéristiques de forme, caractéristiques de concentrationGénéralisation de la notion de moyenne, effets de structureDistributions à deux caractèresDépendance statistiqueAjustement linéaire (méthodes des moindres carrés)Ajustement exponentielCoefficient de corrélation linéaire

Un contrôle continu (poid 30%), un examen final écrit (poid 70%)

Statistique Descriptive de Bernard Py chez Economica (cours et exercices) Statisque Descriptive de Marc Rosdriguez et Michel Terraza chez Dunod (exercices corrigés)

• Number of ECTS: 4
• Course code: BASE-13
• Module(s): Module 2A : Fondements
• Language: FR
• Mandatory: Yes

L'objectif est de familiariser l'étudiant avec les principes, la technique et le langage comptables.

A la fin du cours l’étudiant sera capable de : ·        appliquer la technique de base de la comptabilité financière : o       journaliser des opérations journalières ; o       établir la balance des comptes ; o       établir le bilan et le compte de profits et pertes. ·        Argumenter  par rapport aux principaux éléments de la loi comptable : o       donner une image fidèle de l’entreprise ; o       respecter les principes comptables généralement admis ; o       journaliser les opérations de fin d’année dans le respect des principes comptables.

Les deux parties du cours sont consacrées respectivement aux bases de la comptabilité financière ainsi qu’à la réglementation et aux concepts fondamentaux de la comptabilité financière.·        Volume 1 : les bases de la comptabilité financièreo       Le bilano       Les compteso       Le résultato       Le plan comptableo       Le système comptable classique·        Volume 2: La réglementation et les concepts de la comptabilité financièreo       La réglementation comptableo       Les éléments de tvao       Les éléments de facturationo       Les dépréciations d’éléments de l’actifo       Les provisions pour risques et chargeso       Les cessions d’éléments de l’actifo       Les régularisations des comptes de gestion

Contrôle des connaissances: Un examen écrit.

Comptabilité financière : Comptabilité générale, Langlois Georges , Édition Foucher, 11e édition, 2006, ISBN: 2216101990 Comptabilité générale : Principes généraux, Opérations courantes, Opérations de fin d'exercice, Grandguillot Béatrice, Gualino Editeur, 10e édition, 2006, ISBN: 2842009827 Normes comptables internationales IAS/IFRS, La Manh Anne, Édition Foucher, 2e édition, 2006, ISBN: 221610213X

• Number of ECTS: 3
• Course code: BASE-14
• Module(s): Module 2B : Ouverture
• Language: FR
• Mandatory: Yes

 

A l’issue de ce cours les étudiants devraient être capables de : connaître les bases du droit des contrats et la terminologie juridique relative, maîtriser les bases du raisonnement juridique, lire et analyser une décision de justice en matière de droit des contrats, résoudre à l’aide des connaissances acquises et en appliquant le raisonnement juridique, des cas concrets en droit des contrats.

Thèmes abordés:Droit des contrats : théorie générale (offre, acceptation, vices du consentement, exécution), effets du contrat

Evaluation combinée : 30% cas pratiques à rendre (par écrit) chaque semaine en groupe10% présentations orales par groupe pendant le semestre60% examen oral final

Bibliographie : P. Pescatore, Introduction à la science du droit (1960) et mise à jour (1978)

• Number of ECTS: 4
• Course code: BASE-12
• Module(s): Module 2B : Ouverture
• Language: FR
• Mandatory: Yes

Le cours vise à identifier tout d’abord les principales théories politiques et économiques (leurs origines, leurs corpus et leurs différences) qui ont fondées nos sociétés et qui concourent encore aujourd’hui à la production des normes économiques et sociales. Ensuite les liens qui puissent être établis avec les politiques publiques et les revendications sociales et politiques portées par les entreprises, les syndicats, les partis politiques et les institutions internationales, européennes et nationales.Le but du cours est donc l'acquisition d'un cadre conceptuel pour les étudiants intégrant les processus de formation et de développement des idées politiques et économiques dans les sociétés modernes.

A l’issue de ce cours, les étudiants devraient être capables de : énoncer  les principales doctrines politiques et économiques (conservatismes, libéralismes, physiocrates, socialismes, utopismes, etc.); décrire  les principales écoles contemporaines d’économie politique (néo-classiques, monétaristes, néo-keynésienne, régulation, etc.) ; analyser le fonctionnement et la logique des grandes politiques publiques, économiques et sociales dans les démocraties modernes (politiques d’ajustements structurels, grandes orientations politiques économiques de l’Union européenne, politiques de coordination au niveau des institutions internationales); Identifier  la littérature scientifique en anglais et en français en Histoire des idées économiques et politiques.

Le cours abordera les processus de formation et de développement des idées politiques et économiques dans les sociétés modernes et contemporaines, principalement occidentales depuis le XVIème siècle. Il vise à identifier les principales théories politiques et économiques (leurs origines, leurs corpus et leurs différences) qui ont fondées nos sociétés et qui concourent encore aujourd’hui à la production des normes économiques et sociales. Il met en en lumière les liens qui puissent être établis avec les politiques publiques et les revendications sociales et politiques portées aujourd’hui par les entreprises, les syndicats, les partis politiques et les institutions internationales, européennes et nationales, etc.

L'évaluation se fera sous forme d’oral en présentiel (pendant la session de juin) avec une liste de cinq sujets donnés 48h à l’avance à tous les étudiants. Les étudiants devront présentés individuellement pendant 10 minutes au maximum le sujet qu’ils ont choisi avec l’envoi d’une présentation PowerPoint la veille de l’examen.

  Philippe Beneton, Introduction à la Politique. Paris : Presses Universitaires de France, collection 1er cycle 1998 Monique Canto-Sperber (sous la direction de), Le socialisme libéral. Une anthologie : Europe- Etats-Unis. Paris : Esprit Editions, 2003 Maurice Chrétien, Le Nouveau Libéralisme Anglais. A l'aube du XXème siècle. Paris : Economica 1999 Gilbert Faccarello & Alain Béraud (sous la direction de), Nouvelle histoire de la pensée économique. Tome 1, Des scolastiques aux classiques. Paris : Editions de la Découverte, 2000 Gilbert Faccarello & Alain Béraud (sous la direction de), Nouvelle histoire de la pensée économique. Tome 2, Des premiers mouvements socialistes aux néoclassique.s Paris : Editions de la Découverte, 2000 Gilbert Faccarello & Alain Béraud (sous la direction de), Nouvelle histoire de la pensée économique. Tome 3, Des institutionnalistes à la période contemporaine. Paris : Editions de la Découverte, 2000 Jean-Pierre Fines, Economie politique. Les fondements de l'analyse économique, Théories et politiques économiques contemporaines. Aix-en Provence : Librairie de l’Université, 2002 Charles Gide & Charles Rist, Histoire des doctrines économiques depuis les physiocrates jusqu'à nos jours. Paris : Dalloz-Sirey, 6ème édition, 2000 Gérard-Marie Henry, Le Monétarisme. Paris: Editions Armand Colin, 2003 Jean Touchard, Histoire des idées politiques. Tome 2, Du XVIIIe siècle à nos jours. Paris : Presses Universitaires de France, Collection Quadrige, 2005 Jean Touchard,  Histoire des idées politiques. Tome 1, Des origines au XVIIIème siècle. Paris: Presses Universitaires de France, Collection Quadrige, 2001 Véronique Godfroy (sous la direction de) Dictionnaire des Idées Politiques. Paris: Editions Dalloz-Sirey, 1998 Pierre Manent, Les Libéraux. Paris: Editions Gallimard, Collection Tel, 2001 Kostas Papaioannou, De Marx et du Marxisme. Paris : Editions Gallimard, Collection Bibliothèque Sciences Humaines, 1997 Richard Poulain (sous la direction de), Les Fondements du Marxisme. Paris : Editions Vents d’Ouest, 1997 Frédéric Poulon, La pensée économique de Keynes. Paris : Dunod, Collection Les Topos, 2ème  édition, 2004 Löic Philip, Histoire des faits économiques et sociaux de 1800 à 1945. Paris :  Dalloz-Sirey, 2000 Gilles Philippe, Alain Beitone & Maurice Parodi, Histoire des faits économiques et sociaux de 1945 à nos jours. Paris :  Dalloz-Sirey, 2000 Bernard & Dominique Saby, Les Grandes Théories Economiques. Paris : Dunod, 3ème édition, 2003

• Number of ECTS: 3
• Course code: BA_ScEco-6
• Module(s): Module 2B : Ouverture
• Language: EN
• Mandatory: Yes

Geography matters! This is true today more than ever before as humankind searches for ways to implement (more) sustainable economies and societal wellbeing. Based on a critical engagement with key economic principles, this lecture series provides evidence that context and contingency are important when searching for solutions for sustainable pathways in the era of Anthropocene. We further illustrate on a range of examples from different economic areas and industries, how and why ecological, social and spatial inequality and the fight against it goes hand in hand, and that social systems are inert. The examples scrutinised in this lecture series will vividly illustrate that regions are too diverse to apply a one-size-fits-all approach. Nevertheless, we show and discuss key principles that will help structure the mammoth task of transitioning the economies towards sustainability and how geographical thinking enriches economic (model) thinking.

At the end of the lecture series, students will be able to understand key concepts in economic and social geography, appreciate key principles that structure and guide transition dynamics, and connect spatial approaches with sustainability thinking. Upon successful completion, students will be familiar with key terms related to both economic and social geography concepts and processes (e.g. travel behaviour, travel satisfaction, social inequalities, financial networks, urban regeneration, gentrification, globalization ). Students will be acquainted with systems thinking as well as with a broader understanding of “the economy”.

The lecture series guides students through a variety of topics and key challenges in economic transition dynamics from an economic and social geography perspective.  The lecture series is structured around three parts, each focusing on a specific scale: micro (individuals and households), meso (neighbourhoods and cities), and macro (regions and networks). Each lecture introduces a key concept such as ‘utility’ versus ‘satisfaction’ (at the micro-level), segregation and gentrification (at the meso-level), and city-systems and globalization (at the macro-level). In each lecture in-depth examples will be provided from a range of different backgrounds (e.g., transport, housing, office markets, finance, urban planning, urban studies, economic networks), and discusses how researchers are currently studying these issues. The course is concluded with a fourth ‘methodological’ part, i.e. excursion with fieldwork. Students will be divided into groups, and will participate in fieldwork, collecting and analyzing data (e.g., observations, expert interviews). At the end of each part of the lecture series (i.e., micro, meso, macro and excursion), students have to write a short essay. Final assessment of the course is based on these four essays.   Lecture series:Introduction: Why geography matters; key principles: context, contingency, spatiality/spatial inequality; intro UN sustainability agenda / Green Deal; intro topics & presentersPart I – micro scale(Un)Reasoned behaviour: value of travel time Time geography and social inequalities‘Satisfaction’ versus ‘Utility’: concepts linked to commuting timePart II – meso scaleUrban office districts, finance and planningUrban regeneration and the example of Esch-sur-AlzetteSocial urban geography: segregation, gentrification, social mixPolitical economy of land and housing: who owns Luxembourg ?Part III – macro scaleGovernance and policy-making: Fare-free public transport and mobility policiesCity-systems and network of citiesEconomic spaces of globalization: asymetries and dependencies in value chainsWrap-up of part I-III + introduction fieldworkPart IV – fieldwork

Students will have to write four short essays (a short essay after each part and the excursion). Each essay will count for 25% of the final assessment score.No written or oral exam will be organized at the end of the course.

• Number of ECTS: 6
• Course code: BASE-19
• Module(s): Module 3A : Fondements
• Language: EN
• Mandatory: Yes

The purpose of the course is to provide the students with a good idea of how microeconomic theory may be used to understand why people and firms make the choices they do. In addition, the course introduces a great number of issues which may be analyzed using microeconomic theory. The course also aims to illustrate how economic theory offers guidance in firms’ decisions as well as how various competitive markets operate. This course consists of two parts. In the first part of the course, we discuss the theory of the firm. The focus turns on the firms and the markets. A few relevant market structures will be illustrated using real-life examples. This part of the course answers questions like:Why do firms choose their price when they know certain features of their consumers such as age, income, or geographical location?How do firms decide to locate in the city?How many firms shall we expect to operate in a market knowing the production costs of the industry?How do firms and consumers decide when they face uncertainty about future realizations?In the second part, the basics of microeconomic theory regarding individual choices—the so-called consumption theory—is discussed. The starting point is a theoretical model of a rational individual who faces different choices, and chooses the best one based on his or her preferences and the limitations presented in a real world setting. The notion of individuals as rational utility maximisers is discussed thoroughly. A number of important matters of personal choices are analyzed based on consumption theory. The course deals with questions like:When is it rational to save, or for that matter, borrow money?When is it rational to avoid risk by purchasing insurance?How do we assess value of a house? In the third part of the course, we investigate current studies using micro theory in order to understand vastly different phenomena, such as:This course is an intermediate course in microeconomic theory. All students should have taken principles of microeconomics and mathematics, since the primary emphasis of the course is to perform rigorous (mathematical) analysis of economical concepts. Students should feel comfortable using algebra, and, although calculus is not required, basic understanding of the concept of a derivative, maximum of a function, partial derivative or limit of a function ease the understanding of some of the key concepts of microeconomic theory.Content:Monopoly (Market power, Price maker – Price taker; what is a monopoly; Profit maximization: Equilibrium condition; Markup; Normative analysis of monopoly inefficiency; Deadweight loss of Monopoly; Natural Monopolies; Long and short run monopoly; Taxing a Monopoly)Price discrimination (necessary conditions for price discrimination; First, second, third degree price discrimination; Normative analysis of price discrimination)

Mid-term exam 40% Final exam 60%

Literature: –        Intermediate Microeconomics (7th Edition), by Hal R. Varian, Norton,  ISBN 0-393-92702-4 2005 –        Version française: Introduction à la microéconomie (Edition 2006), Hal R. Varian Bruxelles, De Boeck Université. ISBN  2-7445-0158-1 Microeconomics (6th Edition), by  Robert S. Pyndick and Daniel L. Rubinfeld, Prentice Hall 2005.  ISBN 0-13-191207-0

• Number of ECTS: 6
• Course code: BASE-20
• Module(s): Module 3A : Fondements
• Language: EN
• Mandatory: Yes

The aim of the course is to give an overview of the various macroeconomic phenomena in the medium run as well as of the role of expectations in output fluctuations. The first part of the course presents the short run behavior of the economy. It also focuses on the role of expectations and their effect on financial markets, consumption and investment decisions. Additionally it explores how it affects output and therefore policy decisions. The second part of the course is dedicated to the medium run behavior of the economy. Contrary to the short run behavior of the economy where demand determines output, in the medium run the economy returns to a level of output associated with the natural rate of unemployment. Therefore, the focus of this section will be the equilibrium in the financial, labor and goods market. Students, who successfully pass this course, will be able to analyze and assess macroeconomic policy measures. Moreover, they will be in a position to design policy proposals in the above mentioned macroeconomic areas.    

 Students, who successfully pass this course, will be able to :- analyze and assess macroeconomic policy measures in the close and the open economy- design policy proposals in the above mentioned macroeconomic areas.   

Part I (Bob Krebs) :The focus is on the short run behavior of the economy:•Introduction (Chapter 2)*•IS/LM model (Chapter 3-5)*•Real interest rates, risk and financial intermediaries (Chapter 6)•Financial markets and expectations (Chapter 14)•Expectations, consumption and investment (Chapter 15)•Expectations, output and policyPart II (Luca Marchiori) :The focus is on the medium rum behavior of the economy:•The labour market (Chapter 7)•The natural rate of unemployment and the Phillips curve (Chapter 8)•Putting all markets together: from the short to the medium run (Chapter 9)If time permits, we briefly discuss some issues on the long-term run behavior of the economy included in the following chapters: The facts of growth (Chapter 10)*, Saving, capital accumulation and output (Chapter 11)*, Technological progress and growth (Chapter 12)*, Technological progress: the short, medium and long runs (Chapter 13)** Chapters that are not entirely addressed and/or only addressed when time permits. 

  1.     the prep-exam uses one class and is scheduled at the end of the semester. The prep-exam is graded but mostly used to let the students be familiar with the final exam.   2.       the weight of the prep-exam is 30% and the final exam 70%.

 Textbook: Macroeconomics: A European perspective 3rd edition (Blanchard, Amighini and Giavazzi) 

• Number of ECTS: 6
• Course code: BASE-21
• Module(s): Module 3A : Fondements
• Language: EN
• Mandatory: Yes

The main objectives of this course are to familiarize students with: Probability theory; Sampling, statistics and inference

Upon completion of this course, students should be able to: use counting (combinatorial) problems to compute probabilities, perform probability calculations with results such as Bayes theorem, model uncertainty with the concept of a random variable, use common probability distributions reflect on the appropriateness of simple sampling plans formulate a statistical null hypothesis and the alternate hypothesis Use the notions of significance and power to design appropriate tests Construct confidence intervals for parameters estimations using sampling distributions

Combined evaluation : Written mid-term : 30% Written final exam : 70% The mid-term grade only counts if the mark is higher than the one of the final exam.

• Number of ECTS: 3
• Course code: BASE-16
• Module(s): Module 3B : Ouverture
• Language: EN
• Mandatory: No

The objective of the course is:To develop the students’ oral and written communication skills (both active and passive)To improve the students’ organisational and language skillsTo enlarge students’ knowledge of English business vocabularyTo prepare the students for contacts and negotiations with international business partners

Upon successful completion of this course, students will be able to: – write business letters in English – write business reports in English – give oral presentations in English – take an active part in business negotiations in English

This is not a lecture course. The emphasis is on seminar-like interactive teaching which requires students to take an active part in the meetings. Role-play, discussions, debates, negotiations and presentations are used- to promote verbal expression and confidence – to promote pair- and group-work as a way of exploring new ideas through collaboration- to develop students’ capacity for independent work. Students also work on a project involving the use of English in financial newspapers.

Evaluation will be based on the following:   10% attendance 20% regular active participation in class discussions 30% individual news summary presentation 40% individual presentation on an economics topic  

Bill MASCULL, Business Vocabulary in Use Advanced (Cambridge University Press, 2004) ISBN 0-521-54070-4 Business and financial international press

• Number of ECTS: 3
• Course code: BASE-88
• Module(s): Module 3B : Ouverture
• Language: EN
• Mandatory: No

Upon successful completion of this course, students will be able to: – write business letters in English – write business reports in English – give oral presentations in English – take an active part in business negotiations in English The objective of the course is: To develop the students’ oral and written communication skills (both active and passive) To improve the students’ organisational and language skills To enlarge students’ knowledge of English business vocabulary To prepare the students for contacts and negotiations with international business partners

This is not a lecture course. The emphasis is on seminar-like interactive teaching which requires students to take an active part in the meetings.Role-play, discussions, debates, negotiations and presentations are used- to promote verbal expression and confidence- to promote pair- and group-work as a way of exploring new ideas through collaboration- to develop students’ capacity for independent work.Students also work on a project involving the use of English in financial newspapers. 

40% individual presentation on an economic topic 30% individual news summary presentation 20% regular active participation in class discussions 10% attendance

Literature: –      Bill MASCULL, Business Vocabulary in Use Advanced (Cambridge University Press, 2004) ISBN 0-521-54070-4 Business and financial international press

• Number of ECTS: 3
• Course code: BASE-89
• Module(s): Module 3B : Ouverture
• Language: EN
• Mandatory: No

The objective of the course is: To develop the students’ oral and written communication skills (both active and passive) To improve the students’ organisational and language skills

Upon successful completion of this course, students will be able to: – write business letters in English – write business reports in English – give oral presentations in English – take an active part in business negotiations in English

This is not a lecture course. The emphasis is on seminar-like interactive teaching which requires students to take an active part in the meetings.Role-play, discussions, debates, negotiations and presentations are used- to promote verbal expression and confidence- to promote pair- and group-work as a way of exploring new ideas through collaboration- to develop students’ capacity for independent work.Students also work on a project involving the use of English in financial newspapers.

40% individual presentation on an economic topic 30% individual news summary presentation 20% regular active participation in class discussions 10% attendance

Literature: Bill MASCULL, Business Vocabulary in Use Advanced (Cambridge University Press, 2004) ISBN 0-521-54070-4 Business and financial international press

• Number of ECTS: 3
• Course code: BASE-17
• Module(s): Module 3B : Ouverture
• Language: FR
• Mandatory: Yes

Il s’agit de permettre aux étudiants de maîtriser les différentes approches des calculs de coûts en entreprise : calcul des coûts complets par les méthodes fondées sur les centres d’analyse, l’imputation rationnelle des charges fixes, l’approche ABC, etc. et calcul des coûts partiels par les méthodes des coûts variables (direct costing), des coûts spécifiques (direct costing évolué), etc.Ceci devrait permettre aux étudiants de maîtriser les différentes modélisations possibles du fonctionnement de l’entreprise et les concepts essentiels du type : charges directes ou indirectes ; charges fixes ou variables ; coût des activités et des processus ; relation volume-coût-profit et notion de seuil de rentabilité ; attributs des produits, valeur pour le client et target costing ; coûts prévisionnel et management par les écarts ; etc.

Les compétences que l’étudiant devrait avoir acquises à l’issue de ce cours sont : capacité de calculer des coûts de revient ; capacité de procéder à une analyse critique d’un système de comptabilité de gestion capacité de développer un système de comptabilité de gestion pour une organisation ou de transformer un système existant

Ce cours étudie les principaux concepts de coût et l'ensemble des principes de construction des systèmes d'information comptable de gestion.Il montre également comment ces différents concepts et principes ont été mis en œuvre dans la construction de différents systèmes de calcul de coût : coûts complets, coûts directs ou variables, coûts semi-complets, coûts ABC, coûts cibles,…Il développe également un outil de planification financière à court terme : les budgets et les techniques de contrôle budgétaire comme l’analyse des écarts.

Devoir à la maison : 10% Contrôle continu écrit (examen de mi-semestre) : 40% Examen écrit final : 50%

Alazard et Sépari : Contrôle de gestion, Dunod Horngreen, Bhimani, Datar, Foster : Comptabilité de Gestion, Pearson Education Mendoza, Cauvin, Delmond, Dobler, Malleret : Coûts et Décisions, Montchrétien et Gualino Davasse et Langlois : Comptabilité de Gestion – Exercices, collection Plein Pot, Foucher

• Number of ECTS: 3
• Course code: BASE-18
• Module(s): Module 3B : Ouverture
• Language: EN
• Mandatory: Yes

The aim is to provide a comprehensive overview of the main aspects of commercial law, and to familiarize students with concepts they will encounter in most professions in the economic sector.Introduction (definition, sources, procedural aspects, notion of commercial act); natural person trader; legal person trader; company contract; different forms of commercial company (broad outlines and differences); notions of bankruptcy and liquidation.

   

I. INTRODUCTION1. Classical and historical definition of commercial law2. The scope of commercial law3. Developments in commercial law4. Sources of commercial law5. Procedural aspectsII. Acts of Commerce1. Starting point : Objective and Subjective notions of commercial law2. Commercial acts by nature (objective)3. Subjective commercial acts4. Mixed commercial actsIII. THE RETAILER – NATURAL PERSON1. Definition2. Acquisition and loss of merchant status3. Questions relating to access to the profession4. Trade and Companies Register5. Observations on merchant accounting6. The notion of goodwillIV. THE MERCHANT – CORPORATE PERSON (trading companies)Subtitle: Commercial companies (general part)1. Introduction / general information2. Characteristic elements of the company3. Legal Personality4. How the company operates (general section)V. COMPANY LAW1. General information on unlimited and limited liability companies2. General Partnership3. Limited Partnership4. Cooperative Society5. Limited liability company  6. Partnership limited by sharesVI. RESTRUCTURING, DISSOLUTION AND LIQUIDATION OF COMMERCIAL COMPANIES1. Restructuring2. Dissolution and judicial closure of commercial companies3. Liquidation of companies

Course assessment The course will be assessed by way of one (1) take home continuous assessment assignment (40%) and an end of semester examination which will also account for 60% of the total score. 

Literature : Law of 10 August 1915 on commercial companies, as consolidated by the Regulation of 5 December 2017; Extracts of the Law of 19 December 2002 on the register of commerce and companies and the accounting and annual accounts of undertakings; Law of 24 May 2011 on the exercise of certain rights of shareholders in general meetings of listed companies; Extracts of the Civil Code and the Criminal Code regarding companies; Selected notes and references to EU sources.

• Number of ECTS: 3
• Course code: BASE-15
• Module(s): Module 3B : Ouverture
• Language: FR
• Mandatory: Yes

  A l’issue de ce cours, les étudiants doivent être capables de : –  décrire les principales institutions de la société internationale. –  distinguer les différents types d’acteurs des relations internationales. – appliquer les mécanismes juridiques aux relations économiques internationales  

Sujets abordés:Histoire des relations internationales. L’Etat. Les institutions interétatiques (relations diplomatiques, traités internationaux, techniques de règlement des différends). Les organisations internationales (L’ONU, les institutions spécialisées, les organisations européennes). Les autres acteurs des relations internationales (ONG, entreprises multinationales…).

Examen final écrit (100 %)

• Number of ECTS: 5
• Course code: BASE-28
• Module(s): Module 4A : Fondements
• Language: EN
• Mandatory: Yes

  On completion of the course unit successful students will be able to:-Explain the macroeconomic mechanisms behind fiscal, monetary and exchange rate policies in an open economy context.-Discuss the arguments for and against various exchange rate regimes.-Form opinions on causes and consequences of currency, trade, and financial crises.-Understand why a country’s can become unsustainable and lead to debt and currency crises, and how investors take account of such risks in their decisions. 

The course extends the knowledge accumulated by students in Macro I and Macro II classes by analyzing economic policy in open macroeconomic context. The focus is put on theoretical analysis of the implications of fiscal, monetary and exchange rate policies in short and medium run, as we extend the IS-LM model into open economic environment. We also give arguments for and against flexible and fixed exchange rates, introduce the limits of policy interventions (e.g. fiscal policy coordination and open economy trilemma), and debate about optimal currency areas (European and U.S. context). The course also offers an introduction to fundamental definitions that relate to international exchange of goods, currencies, and balance of payments, including real exchange rate, terms of trade, purchasing power parity, current and capital accounts. The final part of the course consists of presenting contemporary economic and political issues that relate to open macroeconomics, e.g. recent currency crises, the challenge for central banks of rising inflation, debt sustainability and currency crises, sovereign credit risk and investment flows in emerging markets. Three out of ten lectures take a form of case study presentations, during which students present papers to their peers covering a topic of their choice related to the course material. 

Combined evaluation : presentation (30%) Mid-term written exam (30%) Final written exam (40%)

 Literature: * Macroeconomics – a European perspective by O. Blanchard, A. Amighini, F. Giavazzi  2nd/3rd edition, 2013/2016 * Selected readings (chapters 20-22): International Economics, Theory and Policy by P. Krugman, M. Obstfeld, M. Melitz, 9th edition, 2012 or later * Additional readings will be communicated for the case studies.    

• Number of ECTS: 4
• Course code: BA_ScEco-7
• Module(s): Module 4A : Fondements
• Language: EN
• Mandatory: Yes

Upon successful completion of this course students will be able to: Understand the basic theory of linear regression; use Stata for handling of small and large datasets; prepare data for descriptive and econometric analyses, estimate and interpret multivariate regression models.

The goal of this course is to teach the basic econometric theory and gain experience in estimating econometric models with actual data. The focus of the course will be on the methods for estimating parametric linear regression models, the properties of the estimators with an emphasis on the maintained assumptions, as well as on testing and interpreting the parameter estimates.

Mid-term exam : 30% Final written final exam : 70%

Literature:   Wooldridge, Jeffrey M. 2019. Introductory Econometrics. A modern Approach, 7th Edition. South-Western (or any other edition) Acock, Alan. 2018. A Gentle Introduction to Stata, 6th Edition. College Station: Stata Press

• Number of ECTS: 5
• Course code: BASE-27
• Module(s): Module 4A : Fondements
• Language: FR
• Mandatory: Yes

L’objet de ce cours est présenter le plus simplement possible les concepts de la théorie des jeux et de l’économie de l’information.

A l’issue de ce cours, chaque étudiant devra être capable de : – appliquer les concepts d’équilibre de Nash en stratégies pures et en stratégies mixtes, et d’équilibre de Nash parfait en sous-jeux, à des jeux simples ; – écrire la représentation sous forme normale ou sous forme extensive de jeux simples ; –  trouver l’issue de jeux simples en appliquant les concepts d’équilibre en stratégies dominantes et d’élimination des stratégies dominées ; – modéliser et solutionner des problèmes économiques tirés de l’économie en général, et de la microéconomie en particulier en utilisant ses connaissances en théorie des jeux.

 Sont abordés les thèmes suivants:Représentation d'une situation d'interaction stratégique (forme normale, forme extensive, stratégies pures, stratégies mixtes) ; Concepts de solution (stratégies dominantes, dominées, itérativement dominées, meilleure réponse, équilibre de Nash, induction arrière, équilibre sous-jeux parfait) ; Jeux simultanés, jeux séquentiels, ensemble d’information, stratégies comportementales, jeux répétés, coopération endogène.

Une épreuve finale (écrit).

  Murat Yildizoglu, Introduction à la théorie des jeux, Dunot,2003

• Number of ECTS: 6
• Course code: BASE-22
• Module(s): Module 4A : Fondements
• Language: EN
• Mandatory: Yes

The aim of this course is to present more mathematics concepts and  formula on  multivariable calculus, and apply to optimization problem.This serves as an introduction to a wide variety of optimization problems and techniques including partial derivative, total derivative,unconstrained optima, equality constraints and inequality constraints. A lot economic models will be presented in this course, especially their mathematics techniques which were deleted from most of the economics lectures.

At the end of the course, students should be able to : obtain first and second order optimal conditions for one and multiple variables. demonstrate the partial and total derivatives and deferential of multiple variables solve simple economic models with two or 3 choice variables. 

One mid-term exam (written), weight: 1/3One final exam (written), weight: 2/3

Literature Alpha Chiang, Fundamental methods of Mathematical Economics Carl P Simon, Lawrence Blum, Mathématiques pour économistes, De Boeck Université, Bruxelles

• Number of ECTS: 3
• Course code: BASE-25
• Module(s): Module 4B : Méthodes et communication
• Language: EN
• Mandatory: No

The main aim of the course is to build on the competencies developed in the English for Economists classes that the students will have followed in the preceding semesters, so as to develop in the students greater confidence in reading, writing and presenting in English in the field of business and economics. A secondary aim is to develop students' ability to discuss and debate issues relating to current affairs, and to negotiate effectively in other job-related contexts such as interviews and commercial transactions.   LEARNING OUTCOMES On completion of the course unit successful students will be able to: a.                    read and understand economics-related texts in English, and produce summaries and presentations. b.                   discuss current affairs in English, based on academic or news articles. c.                    manage negotiations in English, whether in the context of an interview or a commercial transaction. d.                   communicate effectively in English within multilingual and multicultural contexts.    

On completion of the course unit successful students will be able to:a. read and understand economics-related texts in English, and produce summaries and presentations.b. discuss current affairs in English, based on academic or news articles.c. manage negotiations in English, whether in the context of an interview or a commercial transaction.d. communicate effectively in English within multilingual and multicultural contexts.

Attendance is mandatory. This is a practical course to develop English competency, for students in economics. The course will emphasise listening and reading comprehension, oral presentation skills, as well as formal writing.  The exercises will focus on topics within business, economics, and current affairs, in order to equip the students with the necessary academic language skills tailored to the field.  There will also be exercises in more general areas such as interviews, negotiations, advertising and effective communication.  Class exercises will also include elements to help develop in students the ability to function effectively in multilingual and multicultural contexts.

Evaluation will be 100% continuous assessment: Both groups (Advanced and Upper Intermediate) : 25% written mid-term exam; 75% oral exam  

  Bill MASCULL. Business Vocabulary in Use Advanced (Cambridge University Press, 2004) ISBN 0-521-54070-4 and photocopy pack

• Number of ECTS: 4
• Course code: BASE-23
• Module(s): Module 4B : Méthodes et communication
• Language: FR
• Mandatory: Yes

L'objectif de ce cours est de permettre d'acquérir la maîtrise opérationelle du tableur ainsi que les notions de programmation indispensables aux futures économistes et gestionnaires.

A la fin du cours l’étudiant sera capable de : ·         se servir du tableur de façon adéquate ; o       structurer la feuille de calculs utilement de façon à faciliter les calculs et les représentations graphiques ; o       utiliser les  possibilités avancées du tableur : fonctions de calcul, fonctions de recherche, manipulations sur les chaînes de caractères et sur les dates, etc. ; o       analyser de grands volumes de données à l’aide des tableaux croisés ; o       résoudre des problèmes d’optimisation à l’aide du « Solver ». ·         réaliser des programmes dans l’environnement du tableur en se servant de la forme adéquate au problème posé : o       fonctions utilisables directement dans le contexte de la feuille de calculs ; o       modules autonomes manipulant les objets du tableur ; o       formulaires interactifs basés sur le concept de programmation événementielle.

La présence et assiduité au cours est obligatoire. La méthode est celle du TD en salle informatique. L'approche est basée à la fois sur l'étude conceptuelle et sur la maîtrise opérationnelle de sujets traités.Les deux parties du cours sont consacrées respectivement à l’étude du tableur et de ses fonctions avancées ainsi qu’à l’étude du langage de programmation VBA dans l’environnement du tableur.1)      Notions essentielles du tableura)      La structure visible d’un fichier du tableurb)      La structure visible d’une feuille de calculc)      La notion de cellulei)        Le contenu d’une celluleii)       Les adresses d’une celluleiii)     L’adresse complète d’une celluleiv)     Utiliser les noms de cellules ou de plages de cellulesd)      Les formulese)      Les fonctions de basef)        Les représentations graphiquesg)      Utilisation guidée de fonctionsh)      Exprimer des conditions dans une formulei)        Fonctions d’agrégation conditionnellesi)        La fonction countifii)       La fonction sumifj)        Les fonctions de recherchei)        La recherche verticale par vlookupii)       La recherche horizontale avec hlookupiii)     La recherche avec match et offsetk)      Le traitement des chaînes de caractèresi)        L’extraction de sous chaînes(1)   La fonction mid(2)   La fonction left(3)   La fonction rightii)       La composition de chaînes de caractères(1)   La fonction concatenate(2)   L’opérateur &l)        Le traitement des indications de tempsm)    Agréger de grands volumes de donnéesn)      Résoudre des problèmes d'optimisation à l'aide du solver2)      Initiation à la programmationa)      Elements de basei)        La notion de fonction définie par l'utilisateur du tableurii)       La notion de programmeiii)     Le systeme de developpementiv)     La notion de variable(1)   Affectation d'une valeur à une variable(2)   Utilisation d’une variable(3)   Déclaration d’une variable(4)   Types de variablesb)      Les instructions de base du langage basici)        L'instruction Sub … End subii)       La saisie de données par inputboxiii)     L'affichage de données par msgboxc)      Les alternatives (la structure alternative)i)        L'instruction if … Else … end if(1)   La condition(2)   Imbrication d’alternativesii)       L'instruction if … Elseif … end ifiii)     L'instruction select caseiv)     L'instruction iifd)      Les repetitions (la structure repetitive)i)        L’instruction for … nextii)       L’instruction while … loopiii)     Principes de la structure repetitive while … loopiv)     Principes des structures repetitives imbriqueese)      La manipulation des objets du tableuri)        La manipulation des cellulesii)       La manipulation des feuilles de calculf)        La manipulation de formulaires

Deux examens pratiques (Partie I Excel / Partie II VBA) en salle informatique.

La documentation de cours (transparents, programmes Java, énoncés d’exercices) est régulièrement mise à disposition via le système électronique de gestion de cours MOODLE.Les étudiants qui voudraient disposer d’un manuel de référence approprié au cours consulteront avantageusement les ouvrages suivants :Robert Chevalier : Java 2, Collection Le tout en poche, Campus Press, ISBN 2-7440-1421-4.Anne Tasso : Le livre de Java, premier langage, Eyrolles, ISBN 2-212-11679-9Les étudiants devront obligatoirement participer aux séances de travaux pratiques et remettre les travaux personnels qui leur sont demandés. A la demande de l’enseignant ils devront les télécharger par le système MOODLE.

• Number of ECTS: 3
• Course code: BASE-93
• Module(s): Module 4B : Méthodes et communication
• Language: EN
• Mandatory: No

The main aim of the course is to build on the competencies developed in the English for Economists classes that the students will have followed in the preceding semesters, so as to develop in the students greater confidence in reading, writing and presenting in English in the field of business and economics. A secondary aim is to develop students' ability to discuss and debate issues relating to current affairs, and to negotiate effectively in other job-related contexts such as interviews and commercial transactions.   LEARNING OUTCOMES On completion of the course unit successful students will be able to: a.                    read and understand economics-related texts in English, and produce summaries and presentations. b.                   discuss current affairs in English, based on academic or news articles. c.                    manage negotiations in English, whether in the context of an interview or a commercial transaction. communicate effectively in English within multilingual and multicultural contexts

This is a practical course to develop English competency, for students in economics. The course will emphasise listening and reading comprehension, oral presentation skills, as well as formal writing.  The exercises will focus on topics within business, economics, and current affairs, in order to equip the students with the necessary academic language skills tailored to the field.  There will also be exercises in more general areas such as interviews, negotiations, advertising and effective communication.  Class exercises will also include elements to help develop in students the ability to function effectively in multilingual and multicultural contexts.

Evaluation will be 100% continuous assessment: Both groups (Advanced and Upper Intermediate) : 25% written mid-term exam; 75% oral exam  

• Number of ECTS: 3
• Course code: BA_ScEco-8
• Module(s): Module 4B : Méthodes et communication
• Language: FR
• Mandatory: Yes

Maîtriser les concepts-clés de la communication (sur le plan écrit, verbal, paraverbal et non-verbal) Comprendre et savoir appliquer les principes d’une communication efficace Savoir appliquer des connaissances théoriques en communication dans des situations à caractère académique et professionnel Véhiculer un message/une idée de manière claire et persuasive Savoir argumenter de manière structurée et convaincre un interlocuteur Faire preuve de discernement, tout en pouvant assimiler une appréciation critique Savoir s’exprimer avec clarté et concision en réunion, durant une présentation, ou à l'écrit Être en mesure de traiter des études de cas en communicationSavoir formuler des recommandations pertinentes en matière de communication pour des cadres ou des managers 

Les grands auteurs et les principales théories en matière de communication interpersonnelle et organisationnelleLes bonnes pratiques de la communication en contexte professionnel (présentations, argumentations, réunions, synthèses)Les fondements d’une communication managériale, assertive et interculturelle efficaceLes principes de l’écoute active, de l’argumentation et de la persuasion 

Travail de présentation en groupe obligatoire (1/3 de la note finale) + une évaluation individuelle sur table (2/3 de la note)

Adary, A., Mas, C. (2020), Communicator, 9e éd, Dunod. Edmond, M., Picard, D (2020), Relations et communications interpersonnelles, 4e édition, Dunod. Harvard Business Review (2020), Maîtriser l’art de la communication, les cahiers de la HBR. Gely, C. (2012), Savoir parler en public, Studyrama Eds. Joly, B. (2009), La communication, Etude (broché), De Boeck Supérieur. Koechlin, J. (2015), La communication professionnelle, Les clés pour réussir. Etude (broché), Presses Polytechniques Romandes. Meunier J-P., Peraya D. (2010), Introduction aux théories de la communication, Deboeck supérieur. Rivoli, A. (2021), Communication assertive : Le guide pour améliorer sa façon de communiquer, apprendre à dire « non » et valoriser ses mots, Independently published.

• Number of ECTS: 3
• Course code: BASE-94
• Module(s): Module 4B : Méthodes et communication
• Language: EN
• Mandatory: No

The main aim of the course is to build on the competencies developed in the English for Economists classes that the students will have followed in the preceding semesters, so as to develop in the students greater confidence in reading, writing and presenting in English in the field of business and economics. A secondary aim is to develop students' ability to discuss and debate issues relating to current affairs, and to negotiate effectively in other job-related contexts such as interviews and commercial transactions.  

This is a practical course to develop English competency, for students in economics. The course will emphasise listening and reading comprehension, oral presentation skills, as well as formal writing.  The exercises will focus on topics within business, economics, and current affairs, in order to equip the students with the necessary academic language skills tailored to the field.  There will also be exercises in more general areas such as interviews, negotiations, advertising and effective communication.  Class exercises will also include elements to help develop in students the ability to function effectively in multilingual and multicultural contexts.

Evaluation will be 100% continuous assessment: 50% written exam; 50% oral exam

• Number of ECTS: 5
• Course code: BASE-32
• Module(s): Module 5A : Approfondissements
• Language: EN
• Mandatory: Yes

On completion of the course unit successful students will be able to: 1.     Learn and interprete the basic models of International Trade 2.     Understand the economic aspects of Globalization 3.   Ability in undertaking a quantitative interpretation of International Economics and in particular of International Trade. 

In this class, we will study International trade in goods and services. One key word for this course: Globalization: Spread of culture and ideas between countries, The role of diminishing “transportation” costs Set of questions that we will answer: Why are countries trading in goods and services? Why do people move from one country to another? Why do firms own companies in other countries? 

Final written exam (100%)

Literature: •       Textbook: Robert C. Feenstra and Alan M. Taylor, “Essentials of International Economics", Worth Publishers, 3rd Edition (2014).       (Chapters 1–9) – International Trade       Flows of goods and services, movements of people and firms between countries        Policies that governments use to affect these flows and movements •       You are free to use other books International Trade. 

• Number of ECTS: 4
• Course code: BASE-33
• Module(s): Module 5A : Approfondissements
• Language: FR
• Mandatory: Yes

A l’issue de ce cours, les étudiants devraient être capables de : – analyser le processus d’intégration économique régionale à l’aide d’éléments de la théorie des unions douanières et du marché unique. – utiliser  les outils macroéconomiques permettant d’expliquer les contraintes d’ajustement au sein d’une union monétaire ; – analyser des questions de régulation au sein d’une intégration régionale en utilisant les apports de la théorie du fédéralisme fiscal et budgétaire.

Ce cours complète le cours d'économie internationale par des analyses économiques du processus d'intégration économique régionale. Il s'appuie sur le cas de la construction européenne mais aussi sur des exemples du processus d'intégration Nord-Sud et d’autres accords commerciaux. L'analyse traditionnelle des aspects commerciaux et monétaire de l'intégration est complétée par une introduction aux notions de fédéralisme fiscal et budgétaire.Le cours traite des thèmes suivants:Théorie des zones de libre-échange et des unions douanièresMarché uniqueLes accords commerciaux et intégrations de pays de niveaux de développement différents Economie de l'Union monétaireFédéralisme fiscal et budgétaire

Présentation optionnelle pendant le semestre : 30% Examen final : 100% (ou 70% si présentation effectuée)

• Number of ECTS: 4
• Course code: BASE-34
• Module(s): Module 5A : Approfondissements
• Language: EN
• Mandatory: Yes

Upon successful completion of this course students will be able to: -demonstrate a working knowledge of the principles and methods of economics applied to environmental issues;   – analyze the relative merits of several types of environmental regulation in various contexts;   – interpret the role of property rights, institutions, and incentives in environmental problems;   – demonstrate a critical awareness of real-world practices and experiences in the field of environmental decision-making;   – perform analytical studies of specific environmental problems.

Environmental economics is a relatively young branch of mainstream economics, but has been developing at a very rapid pace in the last decades.This course will present students an overview of some of the most recent developments. More specifically, the course will proceed by topics, to which supplementary readings will be provided. Furthermore, a number of external speakers (academic and institutional) will be invited to intervene on a number of specific (possibly policy-oriented) issues, which may vary from year to year.

One mid-term exam (oral presentation), weight: 50 % One final exam (written), weight: 50 %

  References and materials : Natural Resource and Environmental Economics, by Roger Perman, Michael Common, James McGilvray, Yue Ma Environmental Economics: In Theory & Practice by Nick Hanley, Jason Shogren, Ben White Introduction to Environmental Economics by Nick Hanley, Jason Shogren, Ben White research papers, changing from year to year.  

• Number of ECTS: 5
• Course code: BASE-35
• Module(s): Module 5A : Approfondissements
• Language: EN
• Mandatory: Yes

Upon successful completion of this course students will be able to: Analyse the functioning of labour market Explain, graph and analyze key labour economics models Develop critical thinking by evaluating public policies and labour market institutions Identify key underlying assumptions of the models and limitations Communicate effectively key economic ideas

This course provides an introduction to the economics of the labour market with an emphasis on labour market institutions and labour market policies. The course starts with the basic theories of labour supply and labour demand. The remaining part of the course is mostly devoted to labour market institutions, examining successively cross-country differences, theoretical implications, empirical evidence and policy issues.Course Content:The course will cover the following topics: 1. Labour supply 2. Labour demand 3. Minimum wages4. Education and training5. Migration policies6. Unemployment, Search and Insurance7. Employment protection 

Team Presentation (15%) Seminar Paper (15%) Final written exam (70%)

Literature: Slides with the material covered in the lectures will be progressively available on Moodle. The material is based on the following textbooks:   The Economics of Imperfect Labor Markets by Tito Boeri and Jan van Ours (2021), Third Edition, Princeton University Press. (or second edition) Labor Economics by George J. Borjas (2013), Sixth Edition, McGraw-Hill (or other editions). L abor Economics: Introduction to Classic and New Labor Economics by Derek Laing (2011), W.W. Norton.

• Number of ECTS: 4
• Course code: BASE-71
• Module(s): Module 5B : Options
• Language: EN
• Mandatory: No

The main objective of this course is to acquaint students with tools for deciding whether or not an investment (or policy) proposal is in the interest of society.

Upon successful completion of this course students will: (1) have the skills to appraise the economics of simple investment projects; (2) grasp the difference between the financial (i.e., private) and economic (i.e., societal) profitability of an investment; (3) understand the economic policy implications following from that difference; (4) appreciate that the economic justification of projects does not depend on their employment and growth effects; and, more generally, (5) realize how insights from other modules of this bachelor program (notably microeconomics, environmental economics, labor economics, and public finance) can be applied to real-world investment problems.    

The profitability of an investment can be seen from at least two perspectives: that of private investors and of society at large. Financial appraisal accounts for the private investor´s perspective while economic appraisal takes society´s perspective. Perhaps not surprisingly, what appears profitable for private investors might be unprofitable for society. And vice versa: what makes sense for society (i.e., is economically profitable) might not make financial sense (i.e., is financially unprofitable). A case in point is the energy sector, where certain fossil-fuel based energy supplies might be financially profitable but economically nonsensical and where some forms of renewable energy are worthwhile from society´s perspective but unprofitable for private investors. Recognizing this is essential for decision makers and project analysts regardless of whether they work in the private or public sector.This course comes in seven parts, teaching concepts that are illustrated with the help of examples from a variety of sectors (e.g., industry, transport, and energy). Parts 1, 2 and 3 set the scene, introducing the theme (Part 1), briefly presenting key investment decision criteria (Part 2), and illustrating the difference between a project´s financial resource statement and its economic resource statement (Part 3). Part 4 is the core of the course, examining the main reasons why there might be a wedge between a project´s financial and its economic profitability. Two reasons will be explored in detail: distorted markets and missing markets. When markets are distorted, market prices do not tell the economic truth and when markets are missing (e.g., for environmental goods), there are no market prices. It follows that financial project analyses, which rest on market prices, inevitably give an incomplete picture of the economic pros and cons of investment projects; what´s worse, they might result in an inefficient allocation of society´s resources. Other reasons for a wedge between a project´s financial and its economic profitability stem from differences in the cost of funds and discounting. And then, an economic perspective might account for distributional concerns while a private-sector perspective normally doesn´t. Part 5 turns to uncertainty, which makes investment appraisal (financial and economic) far more complex. That said, for the economic appraisal of investments, reasonable shortcuts exist. Part 6 widens the perspective by comparing cost-benefit analysis (CBA), which is the name for economic investment appraisal used in the literature, to so-called economic impact analysis (EIA). The latter is popular with policymakers, notably in times of economic crises, and they bank on it when promoting projects that are said to promote economic growth and employment. This raises a variety of intriguing questions, such as: what is the difference between CBA and EIA, does EIA offer anything not already accounted for in CBA, and which tool to use – CBA or EIA – when deciding whether an investment proposal is in the interest of society? Part 7 wraps up and concludes with a glimpse at issues this course does not address.

Final written exam (100%). The final exam will take place at the end of the winter semester, but before Christmas.

Literature: Campbell, H. and Brown, R., Benefit-cost analysis – Financial and economic analysis using spreadsheets, Cambridge University Press, 2003. De Rus, G., Introduction to cost-benefit analysis, Edward Elgar, 2010. Dinwiddy, C. and Teal, F., Principles of cost-benefit analysis for developing countries, Cambridge University Press, 1996. Additional references will follow in course handouts.

• Number of ECTS: 4
• Course code: BASE-60
• Module(s): Module 5B : Options
• Language: EN
• Mandatory: No

At the end of the course students should be able to: define and illustrate the terms used in the study of economic dynamics. first order differential equations will be our main topic—explicit solution, converegence to equlibrium, stability analysis of equlibirium. higher order differential equations and systems—complex numbers, eigenvalues, convergences to equilibriums, linearization around equilibira difference equations and systems—explicit solutions, periodic solutions, linearization, convergence and so on. explain different economic models from mathematic and economic point of view.

The term dynamics here refers to the type of economic analysis in which the object is either to trace and study the specific time paths of the variables or to determine whether, given sufficient time, these variables will tend to converge to certain equilibrium values. Time can be considered as continuous variables or discrete variable. In the former case, something is happening to the variable at each point of time; wheras in the latter, the variable undergoes a change only once within a period of time. One of these time concepts may be more appropriate than the other in certain contexts. And how to decide which time concepts we are using is part of the art of economic modelling.We shall first study the continous time—differential equations and systems, then discrete time—difference equations and systems.Course Contents. Introduction. Integrals. First order differential equations (homogenous and nonhomogenous equations, stability of equlibria, price adjustment model, neoclassical growth model). System of first order differential equations (complex number, homogenous and nonhomogenous systems, , eigenvalues and eigenvectors, interaction of inflation and unemployment, inlfation and monetary rule, equilibria and stability, linearization, 2nd oder equations). First order difference equations and systems ( linear abnd nonlinear equation and equilibrium, supply and demand revisit-cobweb model, cycles, Inventary market, first order difference systems, Samuelson Multiplier-acceleration interation model)

On final exam (100%) towards the end of the semester. No computer is allowed in exam except calculators.

• Number of ECTS: 4
• Course code: BASE-66
• Module(s): Module 5B : Options
• Language: EN
• Mandatory: No

Students who succesfully pass this course, will be able to:- analyze and assess both empirical facts and theories of economic growth- design policy proposals in the areas of economic growth and economic development

At least since Adam Smith’s (1776) famous book “Inquiry into the Nature of the Causes of the Wealth of Nations”, economists have been preoccupied with the question of why some countries are rich and others are poor. In a sense, this question is the raison d’être of the Science of Economics. This course introduces students to the basic empirical growth facts, studies possibilities to explain them, and discusses policy implications. The focus is on the evolution of the world income distribution over time. First, we ask whether factor accumulation through physical capital, human capital, and population growth qualifies as an explanatory variable for this evolution. Then, we analyze the contribution of productivity growth. Here, we emphasize the role of institutions and the openness to the world economy in fostering domestic productivity growth. Finally, we turn to so-called fundamentals, i.e., deeper determinants, such as government activity, income inequality, culture, geography, climate, and natural resources.

A home-written-assignment + oral presentation during the semester (after the end of the course)

• Number of ECTS: 4
• Course code: BASE-99
• Module(s): Module 5B : Options
• Language: FR
• Mandatory: No

À l’issue du cours, les étudiants devraient être capables de : comprendre et appliquer les notions de base en droit de l’Union européenne et l’essentiel des règles qui régissent le marché intérieur et la concurrence dans l’Union européenne ;  identifier les différentes sources du droit de l’Union européenne et leur articulation avec les droits nationaux ; intégrer la dimension juridique européenne et/ou nationale dans l’analyse des questions économiques, en recourant à la terminologie appropriée et aux sources pertinentes ; développer la capacité à un esprit critique et de décision.

Ce cours est une introduction au droit institutionnel et matériel de l’Union européenne pour des étudiants en économie et gestion. La première partie est consacrée aux caractéristiques fondamentales de l’Union, ses compétences, son cadre institutionnel, les sources de droit et les principes qui régissent les rapports entre le droit de l’Union et des droits nationaux. La deuxième partie est dédiée à l’étude du marché intérieur, qui repose sur les quatre libertés fondamentales (libre circulation des marchandises, des personnes, des services et des capitaux), et des règles de concurrence applicables aux entreprises et aux États. Ces thèmes sont analysés au moyen de la jurisprudence de la Cour de justice de l’Union européenne et avec l’appui d’une documentation variée notamment sur des questions d’actualité, telles que l’avenir de l’UE-27, le développement du marché unique numérique, le pacte vert pour l’Europe ou l’impact de la crise de la COVID-19.

Examen écrit 100%

Bibliographie : Jacqué, J.-P. (2018). Droit institutionnel de l'Union européenne (9e éd.). Dalloz. Coutron, L. (2021). Droit de l'Union européenne. Institutions, sources, contentieux (6e éd.). Dalloz. Clergerie, J.-L., Gruber, A. et Rambaud, P. (2020). Droit institutionnel et matériel de l'Union européenne (13e éd.). Dalloz. De Grove-Valdeyron, N. (2017). Droit du marché intérieur européen (5e éd.). L.G.D.J. Boutayeb, C. (2019). Droit matériel de l'Union européenne (5e éd.). L.G.D.J.

• Number of ECTS: 4
• Course code: BASE-105
• Module(s): Module 5B : Options
• Language: EN
• Mandatory: No

Upon successful completion of this course, students will be able to better understand the causes and consequences of socio-economic inequality, and the various public policies that have been proposed to tackle these differences. The students will also practice their communication skills by both listening to presentations given by experts and by giving a public presentation themselves

The course analyses one of the main concerns of our time: socio-economic inequalities, that is how key attributes, such as income and wealth, are distributed across individuals. The first part of the course will show how social scientists measure these differences in attributes, via the use of indices and other graphical tools. We will in particular discuss the different concepts of absolute and relative inequality, poverty, relative deprivation and polarization. The second part of the course will discuss the relationships between these inequalities and a number of central social phenomena, including health, happiness, justice, politics and the participation of women in representative bodies, educational achievements and earnings, and sustainable development and the United Nations’ sustainable development goals.

5% Active class participation 35% Presentation 60% Paper

The study material will be provided during the course.

• Number of ECTS: 5
• Course code: BASE-84
• Module(s): Module 5B : Options
• Language: EN
• Mandatory: No

Upon successful completion of this course students will be able to: Understand the basic theory of linear regression; use Stata for handling of small and large datasets; prepare data for descriptive and econometric analyses, estimate and interpret multivariate regression models.

The goal of this course is to teach the basic econometric theory and gain experience in estimating econometric models with actual data. The focus of the course will be on the methods for estimating parametric linear regression models, the properties of the estimators with an emphasis on the maintained assumptions, as well as on testing and interpreting the parameter estimates.

Mid-term exam : 30% Final written final exam : 70%

Literature:   Wooldridge, Jeffrey M. 2019. Introductory Econometrics. A modern Approach, 7th Edition. South-Western (or any other edition) Acock, Alan. 2018. A Gentle Introduction to Stata, 6th Edition. College Station: Stata Press  

• Number of ECTS: 4
• Course code: BPG-ENTREP-43
• Module(s): Module 5B : Options
• Language: FR
• Mandatory: No

Les étudiants ayant suivi le cours et réussi les examens seront capables de : ·         Déterminer la base imposable des contribuables personnes morales et physiques ainsi que les montants d’impôt dus ·         Manier les mécanismes de la TVA et la calculer ·         Appréhender la dimension internationale de la fiscalité au Luxembourg ·         Se familiariser avec les régimes particuliers au Luxembourg  

·         Imposition de personnes physiques ·         Imposition de personnes morales : IRC, ICC et IF ·         TVA ·         Régimes fiscaux particuliers ·          Fiscalisation internationale

Examen écrit 100%

LITTERATURE ·         Le petit code fiscal – Impôt sur le revenu  – Ed. Saint-Paul·         Le petit code fiscal – TVA – Ed. Saint-Pau

• Number of ECTS: 4
• Course code: BASE-101
• Module(s): Module 5B : Options
• Language: EN
• Mandatory: No

On completion of the course unit successful students will be able to:   Understand the modern literature on economic policy making; Understand how government institutions work and how they impact economic policy; Analyze and design policy while being aware of political factors and constraints; Use the appropriate theoretical and empirical tools to determine the origins and predict the consequences of public policy.  

This course is an introduction to the main topics and concepts of Political Economy, the field of Economics that seeks to explain economic policy making from an institutional perspective. While classical Public Economics treats government as a unitary being, whose goal is to correct market failures and maximize social welfare, Political Economy seeks to understand the various political factors that shape economic policy and outcomes. Using analytical tools from theoretical and empirical economics, the course seeks to answer the following questions: How do government institutions work? How could they be designed better? How do they influence economic policy?It is organized around four main parts:Part I: Preliminaries (why government? Collective choice theory)Part II: The organization of government (legislative and bureaucratic policy making)Part III: Factors of government policy making (electoral accountability, interest groups, political parties)Part IV: Intergovernmental relations (international cooperation, federalism)The above topics will be covered during the lectures. A typical chapter begins with a descriptive section, which provides background (basic facts, theories and/or empirical regularities) and motivation on the topic under consideration. This is then followed by formal analysis, using microeconomic modeling. Empirical illustrations (when available) will also be provided.In order to help students understand the theoretical aspects of the course, a few tutorial classes will supplement the lectures, mostly through exercises.      

Written exam 100%

The course material will consist of lecture slides and tutorial exercises (as well as the students’ own notes, taken during lectures). There are no compulsory readings for this course. Most of the material will be based on the following standard textbooks: Besley, T. (2006) Principled Agents? The Political Economy of Good Government . Oxford University Press. Gehlbach, S. (2013) Formal Models of Domestic Politics . Cambridge University Press. Persson, T., and G. Tabellini (2000) Political Economics: Explaining Economic Policy . MIT Press. These will be complemented by chapters from the Oxford Handbook of Political Economy (2008, B.R. Weingast and D. Wittman, eds.), and recent articles from Economics and Political Science journals.