Economics

The course provides a comprehensive introduction to modern labor economics. After providing some basic information about characteristics and trends in actual labor markets, the course analyses in some detail the supply side and the demand side of the labor market. These building blocks enable further analysis of special topics such as human capital, labor market discrimination, and unemployment. Emphasis is also given to the empirical evidence on those topics. 

This course begins with the fundamentals of labor economics, such as the methodology, theory, and objectives. It discusses the economic aspects of the problems, insecurities, and institutional developments associated with labor. Subjects covered include labor sources; trade unions; legal regulations; social conventions; the labor market and its characteristics and functions; labor supply and the production theory; human capital and investments; division of labor in the labor market; labor supply curve and elasticity; business countermeasures; wage rate theory; minimum wage systems; income distribution; types of industries and occupations; and labor relations (U.S. and Korea). The course emphasizes neoclassical, institutional, and radical perspectives. 

Prerequisite: Microeconomics

This course provides an introduction to the principals that govern present and future values of cash-flow streams and the net present values of different real and financial investments. It examines financial market functions and the investment decisions that participating agents face, risk and return linked to asset flows, the different types of derivative assets, and risk management. Other topics include: mathematical financial tools; net present value (NPV); characterization of assets and financial portfolios; capital asset pricing model (CAPM); derivatives.

This course introduces the scale of action taken by local authorities in France, and the political nature of the financial choices that accompany these interventions. Explaining the constraints to which the territorial public sector is subject, both institutionally and financially, and analyzing the reforms undertaken by the State lead to reflection on what decentralization represents in France today and how it is evolving. Learning outcomes include understanding the prospects for the evolution of territorial action in France, comparing this situation with other international models of territorial organization, and reflecting on the present and future role of local authorities in environmental transition policies, and how their financial choices may or may not contribute to this.

This course is an introduction to the theory and practice of econometrics. It provides students with knowledge of statistical and econometric theory to make them an effective consumer and producer of empirical research in economics. Emphasis is placed on intuitive understanding rather than on rigorous arguments. Throughout the course, concepts are illustrated with applications in economics.