5 ECTS, 45 contact hours, students in BSc and SP Business Administration (in Dutch)
This course broadens the students' knowledge on macroeconomics. The IS-LM model is used to provide an integrated framework of the economic system in the short run. In the medium run, the IS-LM-PC model is used to incorporate the labour market into the theory. In the long run, technological progress and the saving rate determine the economic growth rate of a country. These "core" models are extended in a number of ways: open economies, the role of expectations in the IS-LM model and a look at the recent economic crises. Theoretical insights are used throughout the course to analyze current economics events both in Belgium and around the world - to do so, documents from the OECD, IMF, the European Commission, the ECB, ... Finally, we will look into the financial and economic crisis of 2008-2012, the subsequent European debt crisis, the climate crisis, and insights from the Beyond GDP and post-growth literature.
Full course specifications can be found here.
3 ECTS, 30 contact hours, students in BSc and SP Business Administration (in Dutch)
This course is the second in a series of three courses on statistics in the bachelor programme for students in Business Administration. It introduces how one can make use of data from a sample / samples to estimate unknown parameters in (a) population(s) or to test specific hypotheses about these parameters. The set-up of the course is rather practical as the emphasis is put on understanding and interpretation. The underlying concepts are extensively illustrated by applications and examples in economic settings. The main goal is to make students familiar with the fundamental cornerstones of statistical analysis.
Full course specifications can be found here.
6 ECTS, 45 contact hours, students in MSc Complementary Studies in Economics, Bioscience Engineering, and others - jointly taught with prof. Marten Ovaere (in Dutch)
This course introduces an economic analysis of environmental problems and environmental policy. Its main building blocks include the undersupply of public goods, the theory of externalities and market failure versus government failure. With respect to policy analysis, the use of economic instruments in environmental policy - command-and-control, taxes and subsidies, systems of emissions trading and voluntary agreements) is assessed using a series of criteria. Next, we focus on different approaches to estimate the costs and benefits of environmental policy and we look at different methods to determine the optimal level of policy interventions. Finally, a number of additional topics will be discussed (e.g. ecological economics, pro-environmental behavior and behavioral models, transition management and scenarios) and integrated in the environmental economics framework.
Full course specifications can be found here.
6 ECTS, 45 contact hours, students in MSc Economics, Applied Economics, Business Engineering (elective course, in English)
This course will familiarize students with the key concepts and ideas within the field of ecological economics based on the three main (policy) goals of efficient allocation, fair distribution and sustainable scale. We will explore the values and insights behind the pre- analytic vision of ecological economics, and compare these to the ones in more traditional economic fields. We will also explore topics such as (safe) environmental boundaries, decoupling and rebound effects, alternatives to economic growth (post-growth, edgrowth), ecological macroeconomics and principal research methods within the field (IPAT analysis, system dynamics). The course will compare insights from ecological economics to more conventional insights from, for instance, environmental economics and macroeconomics
Full course specifications can be found here.