SYLLABUS

1. Objectifs du cours

This course aims to provide students with the fundamentals of macroeconomic analysis in a closed economy and to enable them to understand the key mechanisms determining economic activity, prices, and employment. It also seeks to introduce them to macroeconomic reasoning through simple models that formalize the interactions between various economic variables.

2. Description du cours

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How can we explain the way output, employment, and prices evolve together in an economy, and why do these patterns differ depending on the time horizon? This course addresses this question by progressively building the tools of modern macroeconomic analysis, ranging from the measurement of aggregate phenomena to their modeling. It is based on a key methodological distinction between the short run-characterized by price rigidity and demand-driven outcomes-and the medium run, where labor market adjustments restore a driving role to prices and wages. This approach enables students to understand why economic policies may have different effects depending on the time horizon, thereby allowing them to rigorously examine contemporary economic and policy debates (such as fiscal stimulus, inflation, and structural unemployment).

3. Plan du cours

• Chapter 1: Macroeconomic indicators (aggregate output, inflation, labor market indicators)
• Chapter 2: The short run (goods market, money market, IS-LM model, extended IS-LM model)
• Chapter 3: The medium run (WS-PS model, Phillips curve, IS-LM-PC model)

4. Compétences visées

• Read, calculate, and interpret macroeconomic indicators using real-world data
• Work with formalized macroeconomic models (graphical and/or algebraic representations)
• Reason in terms of equilibrium and comparative statics (impact of a shock or economic policy on endogenous variables)
• Distinguish between short-term and medium-term determinants of macroeconomic aggregates
• Connect theoretical analysis to economic policy issues (fiscal and monetary) and debates regarding the inflation-unemployment trade-off.

Consulter la fiche RNCP de cette formation

5. Modalités pédagogiques

Mode d'enseignement : Présentiel

Langue(s) utilisée(s) : English

Méthodes pédagogiques : Cours magistral, Travaux Dirigés

6. Modalités d'évaluation

Examen écrit sur table

7. Bibliographie

• Recommended textbook: Olivier Blanchard, "Macroeconomics", international edition, Pearson Education
• Website The Economist: https://www.economist.com/
• Websites for data collection:
• OECD: https://data-explorer.oecd.org/
• Eurostat: https://ec.europa.eu/eurostat/web/main/home
• Banque Mondiale: https://data.worldbank.org/
• INSEE: http://www.insee.fr/fr/bases-de-donnees/