Crédit : 2 ECTS
Langue du cours : anglais

Volume horaire

  • Volume horaire global (hors stage) : 9 h

Learning Outcomes
On completion of this module, students will be able to:
1. Explain what macroeconomics is
2. Identify the main issues studied by macroeconomists
3. Analyse the national accounts system

Course objectives
The main objective of this course is for students to understand how the economy works. Other objectives include the analysis of the main macroeconomic variables and how these relate to each other; as well as what determines economic growth in the long-run and well as in
the short-run.

This course focuses on the crucial macroeconomic concepts: gross domestic product, economic
growth, inflation, the interest rate, unemployment. First, the course examines how economic
agents relate by analysing national accounts. Then, there is an investigation onto the causes of
long term growth. This is followed by a study of the financial sector. With all these instruments,
there is an analysis of the determinants of aggregate supply and aggregate demand distinguishing
between the short-run and the long-run, with a special focus on how monetary and fiscal policy
work. The course finishes with a study of the recent financial crisis.

Grading Criteria
Participation 5%
Quiz 10%
Group Report 35%
Final Exam 50%

  • Allin, P. & Hand, D., (2015), Getting the Measure of Modern Life, Significance, Vol. 12, No. 1, pp. 40-42.
  • Boarini, R., Johansson, A. & Mira d’Ercole, M., (2006), Alternative Measures of Well-Being, OECD Social, Employment and Migration Working Paper, No.33.
  • Deustche Bank Research, (2006), Measures of Well-Being.
  • Lequiller, F., and Blades, D. (2016), Understanding National Accounts, 2nd Edition, Paris:
  • OECD.
  • Oulton, N., (2012), Hooray for GDP!, LSE Growth Commission.

Enseignant responsable


Enseignant responsable


Année universitaire 2019 - 2020 - Fiche modifiée le : 13-06-2019 (09H58) - Sous réserve de modification.