Economics and Management

None

• Understand what a business is: its environment, functions, structure and organisation
• Understand the role and general principles of economics
• Master the basic models of economics (microeconomics and macroeconomics) and know their limits
• Know how to apply economic theory to contemporary issues
• Understand how to extract information on a company and its functioning via its accounting data
• Understand the need for homogeneity in accounting rules for better comparability of companies over time and between them
• Understand what constitutes the governance of a company, strategic management and grasp the issues at stake

The teaching unit is divided into three complementary blocks: an introduction to economics; an introduction to accounting; and an introduction to business organisation and management. Each of the three parts will follow the following outline:

Introduction to Economics

1. The scientific approach in economics
2. Economic decision making
3. The market as interaction
4. Exercises on pricing and taxes (Tutorials 1 & 2)
5. Externalities: introduction to environmental economics
6. Public goods and positive externalities
7. Exercises on environment and innovation (Tutorials 3 & 4)
8. Risk and time: an aperitif in finance
9. Growth and demand in factors: an introduction to macroeconomics

Accounting and management
1. Introduction: Generalities on the different accounting systems
2. Accounting data and budget forecasting: general accounting
3. Management decision support: cost accounting
4. Investment choices and financial analysis: corporate finance
5. Serious game

Organisation and management of the company
1. Corporate culture, ethics and governance
2. The company: environment, structure, functions and organisation
3. Corporate Responsibility: Security; Social and Environmental Responsibility

• Know how to model economic decision making.
• Know how supply and demand form, and interact on the market depending on its structure.
• Understand the effect of externalities on economic equilibrium and know to correct them.
• Understand how economic forces and choices can lead to growth.
• Know how to finad information on the profitability and the financial health of a company.
• Know the difference between investment and operating costs
• Know how to evaluate the expected profitability of an investment
• Knwo how to build an estimated budget
• Identify the key elements of the organizational culture of a firm and its corporate governance rules.
• Know how to interpret the strategic choices of a firm and its operational consequences.
• Understand the main functional areas of business, the way they are structured and how they behave and evolve.

• Tutorial in economics: 17%
• Exam in economics (1:30): 33%
• Serious game in accounting: 17%
• Exam in accounting (1:30): 33%

• Ebook « L'économie » de CORE Econ : https://www.core-econ.org/the-economy/fr/
• Acemoglu, D., Laibson, D., and List, J. (2017) Economics, Global Edition. Pearson.
• Marcus, J. and van Dam, N. (2019) Handbook Organisation and Management : a practical approach. 

Renaud Bourlès (Economie)
Nicolas Clootens (Economie)
Cécile Loubet (Comptabilité)
Florian Magnani (Gestion de l'entreprise)
Françoise Perrin (Comptabilité)
External speakers