Required in stage
Optional in stage
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Second term
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This year
Next year
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Prerequisites
Language of instruction
Duration
Identical coursesEconomics (B-KUL-HBM18C)
Van Reeth Daam (coordinator) | Van Reeth Daam Aims
This course evaluates the following learning outcomes:
The student:
5. Is able to use concepts and theories from (business) economics sciences to analyse and design a sustainability, environment or prevention policy.
5a Is able to apply (business) economics concepts and theories (e.g. related to stakeholder management, organisation of business processes etc.) to environmental, welfare and sustainability problems.
6. Based on the basic principles of sustainability, is able to reflect critically on the environmental and welfare policies pursued by organisations and government, and on the tools and systems used.
6a Is able to weigh the pros and the cons of instruments and systems (e.g. labels, ISO standards etc.) using micro, macro, environmental and/or behavioural economic concepts and theories.
9. In the context of his/her attitude towards sustainability, is able to take a position on ethical, normative and societal questions.
9a Is able to take a critical view of societal problems (e.g. child labour, climate change, etc.) from sustainability perspective.
In relationship to learning outcome 5 (a)
- Explain the basic micro- and macro-economic theories
- Explain how governments, companies and households take decisions and how this affects society
- Analyse and discuss how markets work, assess the impact of shifts in demand and supply and government policies
- Identify micro- and macro-economic concepts and processes and apply them in a new situation
In relationship to learning outcome 6 (a)
- Apply welfare concepts to evaluate government policy
- Apply the principle of elasticities to assess the impact of decisions made by organisations and governments
- Evaluate the efficiency of budgetary and monetary policy
In relationship to learning outcome 9 (a)
- Explain why markets sometimes fail and discuss the solutions economic theory provides
- Interpret economic news based on the theoretical framework
- Discuss social issues and take a substantiated position
Previous knowledge
There is no specific preknowledge required for this course.
Is included in these courses of study
Activities
6 ects. Economics (B-KUL-HBM18c)
Content
Part 1: Micro-economics
Module 1: What is economics
Module 2: Demand
Module 3: Supply
Module 4: The market in action
Module 5: The role of the government
Module 6: Market failures
Deel 2: Macro-economics
Module 7: Macro-economic analysis: why and how
Module 8: The national accounts and gdpp
Module 9: Money and financial markets
Module 10: Macro-economic demand
Module 11: The IS-LM-model
Module 12: Economic growth
Evaluation
Evaluation: Economics (B-KUL-H74449)
Explanation
The exam consists of 30 multiple choice questions covering the whole course.
The multiple choice questions use a correction for guessing. An exact answer earns you 1 point, a wrong answer means you lose 1/3 of a point. If you choose not to answer the question, you get 0 points.
The focus of the questions is on the understanding and interpretation of the economic principles and concepts, and not on a mere reproduction of the theory.
Second session: Identical as in the first session.