Master's degree (Bac+5) - Economics

The economics teaching unit aims to provide an understanding of fundamental economic concepts and the mechanisms that govern markets, businesses, and public policies. It explores both microeconomics and macroeconomics, offering analytical tools to understand economic decisions at different levels.

Microeconomics:

• Consumer and producer theory: The study of consumer behavior, rational choices, and utility maximization.
• Analysis of companies' production decisions and costs.
• Supply and demand: The mechanisms that govern price formation and market equilibrium.
• Market structures: Perfect competition, monopoly, oligopoly, and monopolistic competition, and their impacts on prices, production, and social welfare.

Macroeconomics:

• Economic growth: The drivers of growth, such as investment, productivity, and technological innovations.
• Inflation and unemployment: A study of the relationships between inflation, unemployment rates, and monetary policies to control these variables.
• Economic policies: The role of governments in regulating the economy through fiscal policy (taxes, public spending) and monetary policy (interest rates, control of the money supply).

International economics:

• International trade: Analysis of comparative advantages, trade flows, and protectionist policies.
• Global Financial Markets: The role of capital markets and exchange rates in the global economy.
• Globalization: Impact of globalization on local economies, inequalities, and the flows of capital and goods.

Development economics:

• Economic development: Factors influencing the development of developing countries, such as foreign investment, infrastructure, and governance.
• Inequality and poverty: Analysis of the causes of poverty and economic strategies to reduce social disparities.

Behavioral economics:

• Decision-making and rationality: A study of cognitive biases and behaviors that deviate from the traditional economic model of homo economicus.
• Incentives and decision-making: How individuals and firms respond to economic and social incentives.