Preparatory Programme: Master of Actuarial and Financial Engineering (Leuven)
CQ Preparatory Programme: Master of Actuarial and Financial Engineering (Leuven)
Toelatingsvoorwaarden
Preparatory Programme: Master of Actuarial and Financial Engineering (Leuven)onderwijsaanbod.kuleuven.be/2019/opleidingen/e/SC_54533084.htm#activetab=voorwaardenSC Preparatory Programme: Master of Actuarial and Financial Engineering (Leuven)
programma
Students can find additional details about their study programme (the course options, the transitional provisions, information on transferring and redirecting) on the specific information page.
ECTS Principles of Economics for Scientists (B-KUL-G0S62A)
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Aims
Learn how to solve economic problems using calculus. Develop micro-economic thinking and learn how to apply this to problems in innovation.
Students learn the principles of consumer and producer theory, decision making under uncertainty, competitive markets, monopoly, imperfect competition, game theory and information economics, innovation economics and network industries.
Previous knowledge
Students should have followed one of the following courses :
- Students from bachelor Geologie, Geografie, Chemie, Biochemie en biotechnologie and Informatica : Wiskunde 1
- Students from bachelor Wiskunde and Natuurkunde: Calculus 1
- Students from bachelor Biologie : Wiskundige methoden voor biomedische wetenschappen
Is included in these courses of study
- Bachelor in de biochemie en de biotechnologie (Leuven) (Minor Business and Innovation) 180 ects.
- Bachelor in de informatica (Leuven) (Minor Business and Innovation) 180 ects.
- Bachelor in de wiskunde (Leuven) (Minor Business and Innovation) 180 ects.
- Bachelor in de fysica (Leuven) (Minor Business and Innovation) 180 ects.
- Bachelor in de geologie (Leuven) (Minor Business and Innovation) 180 ects.
- Bachelor in de geografie (Leuven) (Minor Business and Innovation) 180 ects.
- Bachelor in de chemie (Leuven) (Minor Business and Innovation) 180 ects.
- Bachelor in de biologie (Leuven) (Minor Business and Innovation) 180 ects.
- Preparatory Programme: Master of Actuarial and Financial Engineering (Leuven) 6 ects.
Onderwijsleeractiviteiten
Principles of Economics for Scientists: Microeconomics - Lectures (B-KUL-G0S62a)
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Content
The course covers principles of economics, with an emphasis on the economics of information and innovation. All topics will be based on microeconomic principles with an emphasis on calculus and problem-solving.
Lectures will cover applications that are relevant for students in innovation.
Part 1 Microeconomics
1) Supply and demand (MLD, Ch 2,3) Rangel, Unit 4
2) Government interventions (MLD, Ch 5,7,8) Rangel, Unit 5,6,9
3) Producer theory (MLD, Ch 9,10,11) Rangel, Unit 3
4) Consumer theory (MLD, Ch 12) Rangel, Unit 2
5) Monopoly (MLD, Ch 15) Rangel, Unit 7
6) Price discrimination and asymmetric information Rangel, Unit 7
Students learn the principles of consumer and producer theory, decision making under uncertainty, competitive markets, monopoly.
Course material
- Antonio Rangel, Principles of Economics for Scientists (Coursera course), and recent 2014 version: Principles of economics with calculus (edX course)
- Preston McAfee, Tracy Lewis, Donald Dale (MLD), Introduction to Economic Analysis, 2009
The course material consists of slides used in the lectures, problem sets and a handbook in intermediate microeconomics (for example: McAfee, Lewis and Dale; selected chapters from Belleflamme and Peitz).
Format: more information
The type of instruction is based on lectures and illustrated with examples based on calculus.
Principles of Economics for Scientists: Microeconomics - Assignments (B-KUL-G0S63a)
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Content
The assignments will cover applications that are relevant for students in innovation.
Course material
- Antonio Rangel, Principles of Economics for Scientists (Coursera course), and recent 2014 version: Principles of economics with calculus (edX course)
- Preston McAfee, Tracy Lewis, Donald Dale (MLD), Introduction to Economic Analysis, 2009
The course material consists of slides used in the lectures, problem sets and a handbook in intermediate microeconomics (for example: McAfee, Lewis and Dale; selected chapters from Belleflamme and Peitz).
Format: more information
There are several practical sessions where problem sets are solved.
Principles of Economics for Scientists: Information and Innovation - Lectures (B-KUL-G0S64a)
![](/resources/images/icons/icon-taal.png)
![](/resources/images/icons/icon-duur.png)
![First term First term](/resources/images/icons/icon-semester-1.png)
Content
The course covers principles of economics, with an emphasis on the economics of information and innovation. All topics will be based on microeconomic principles with an emphasis on calculus and problem-solving.
Lectures will cover applications that are relevant for students in innovation.
Part 2 Information and innovation
7) Dynamic choice and uncertainty (MLD, Ch 13)
8) Game theory and oligopoly (MLD, Ch 16, 17) Rangel, Unit 8
9) Information and incentives (MLD, Ch 18, 19)
10) Innovation and R&D (BP, Ch 18)
11) Intellectual property (BP, Ch 19)
12) Networks, standards and two-sided markets (BP, Ch 20-22)
Students learn the principles of imperfect competition, game theory and information economics, innovation economics and network industries.
Course material
- Preston McAfee, Tracy Lewis, Donald Dale (MLD), Introduction to Economic Analysis, 2009
- Belleflamme and Peitz (BP), Industrial Organization: Markets and Strategies, Cambridge University Press, 2010
The course material consists of slides used in the lectures, problem sets and a handbook in intermediate microeconomics (for example: McAfee, Lewis and Dale; selected chapters from Belleflamme and Peitz).
Format: more information
The type of instruction is based on lectures and illustrated with examples based on calculus.
Principles of Economics for Scientists: Information and Innovation - Assignments (B-KUL-G0S65a)
![](/resources/images/icons/icon-taal.png)
![](/resources/images/icons/icon-duur.png)
![First term First term](/resources/images/icons/icon-semester-1.png)
Content
The assignments will cover applications that are relevant for students in innovation.
Course material
- Preston McAfee, Tracy Lewis, Donald Dale (MLD), Introduction to economic Analysis, 2009
- Belleflamme and Peitz (BP), Industrial Organization: Markets and Strategies, Cambridge University Press, 2010
The course material consists of slides used in the lectures, problem sets and a handbook in intermediate microeconomics ( for example: McAfee, Lewis and Dale; selected chapters from Belleflamme and Peitz).
Format: more information
There are several practical sessions where problems sets are solved.
Evaluatieactiviteiten
Evaluation: Principles of Economics for Scientists (B-KUL-G2S62A)
Explanation
FEATURES OF THE EVALUATION
The final exam:
- The final exam will be a written, closed-book exam.
- Students can use a NON-graphic calculator to solve mathematical questions
- The exam consists of open questions
DETERMINATION OF FINAL GRADES#
* The grades are determined by the lecturer as communicated via Toledo and stated in the examination schedule. The result is calculated and communicated as a whole number on a scale of 20.
Both components of the course (“Microeconomics” and “Information and Innovation”) will count for 50% of the final grade.
SECOND EXAMINATION OPPORTUNITY
*The features of the evaluation and determination of grades are identical to those of the first examination opportunity, as described above
If a student passed for one of the components in the first examination period, he does not have to retake this part of the exam in the second examination period.