It is the key to an understanding of our daily lifeIt is the key to an understanding of our daily life

ecologyecology

WasteWaste

GoldGold

HouseHouse& &

loanloan

BankBanklink

MoneyMoney

Nature

DevelopmentDevelopment

LabourLabour

Why study economicsWhy study economics ??

The economics course is The economics course is •• a course of a course of ? ? hours / weekhours / week• given in • given in ? ? language language

The exams are :• for the 4th : 1 period in December and in June• for the 5th : 1 period in January and in June

• for the 6th : 3 periods in January and at the end of the year in the canteen

• for the 7th : BAC examination in January (3 hours)

examination written or oral (choice) in June

4

2nd

Why study economicsWhy study economics ??It complements many disciplines :• law, sociology, politics, • journalism, • media,• communication, logistics, …

And of course it helps to understand..

government economic policies

and the philosophy behind them

Why study economicsWhy study economics ??

IIt’s a discipline involving discussion, critical analysis and the examination of current affairs,

AAlso it examines mathematical phenomenon such as markets, the laws of demand and supply, ...

IIt includes accountancy and financial analysis.

What teaching What teaching methods and tools methods and tools

used ?used ?• Reference books• Internet research • Excel tables • PC quizzes• Newspaper articles and

economic reports • Visits : stock exchange,

factories, parliaments : (regional, national,

european)

Main Activities

Bolivian Workshop

The sale of roses

VW Forest

Meeting politicians

Summary of the 4th year programme

Introduction to several concepts such as : goods and services, scarcity, opportunity cost, utility, factors of production

Economic agents

Analysis of revenue and expenditure of the most important economics agents, principally householdshouseholds (budgeting, changing spending patterns, elasticity)

Introduction to banking banking (saving, borrowing, other bank services...)

Channels of distribution, transport, advertising, ….

Introduction to markets :

supply and demand for goods and services, price equilibrium

Summary of the 5th year programme

The factors of production : land, labour and capital and the rewards to these factors

Analysis of firms costs of production,

revenues and profits

Introduction to accountancy and financial analysis

International trade : benefits, development and consequences

exchange rates

Public finances : drafting government budgets analysis of its components

5 th

Summary of the 6th year programme

Economic policy and its tools The behaviour of the consumerconsumer

Analysis of all the possible consumption combinations and determination of the optimal choice

The behaviour of the producerproducer : Analysis of costs and possible choices

The market for productsproducts perfect competition, oligopoly and monopoly, public intervention in the fixing of prices

and monopoly power

National income, its calculation and its most important components

Summary of the 7th Year programme

The role and objectives of governmentgovernment and the EUEU in the economy

LabourLabour : Evaluation of active population Types & causes of, and solutions to

unemploymentunemployment Effects of unemployment of unemployment

Monetary stabilityMonetary stability (inflation) and monetary policy

Growth Growth , Social and economic development , GDP and other growth indicators, developing countries, Globalisation, North/South relations, environment,...

International trade and the balance of payments, International trade and the balance of payments, Trade cyclesTrade cycles