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Economics and Business Management
Introductory Economics
Prof. Mireille Assouline
(Year 1 - Lectures: 15 hours; Required Sections: 15 hours)
The Science of Economics. Objectives, methodology.
Micro-economics.
Households: preference, utility function, welfare maximization, demand functions, elasticities.
Firms: inputs, output, technology and production cost ; perfect competition, monopoly, other imperfect competition cases and determination of the optimal strategy of the firm.
Partial and general equilibrium.
Macro-economics.
Introductory national accounting. Labor, commodities and money markets.
Macro-economic equilibrium of a closed economy:
- the classical approach : flexible prices, voluntary unemployment, inefficiency of the economic policy.
- the keynesian approach : sticky prices, effective demand for commodities, demand for money, unvoluntary unemployment, the IS-LM model and the effects of budgetary/monetary policies.
Macro-economic equilibrium of an open economy:
- exchange rate, international trade and capital flows, balance of payments.
- the Mundell-Fleming model : efficiency of economic policies with flexible or fixed exchange rates.
Company Management and Finance
Profs. Thomas Durand and Jean-Luc Decornoy
(Year 2 - Lectures: 24 hours; Required Sections: 24 hours)
1. Management of the Firm: an Introduction (case studies)
Corporate strategy, business strategy. Techniques for analyzing industries and competitors. Strategic planning.
Organizations. Structural setting and processes, cultural issues; strategy and structure.
Manufacturing. "Just in Time", logistics.
Management of Quality. Quality assurance, total quality management.
Human Resource Management.
Innovation and Technology Management. Organizing for innovation; impact of technological change on the firm.
Marketing.
2. Finance and Accounting
Introduction.
The Balance Sheet: assets, liabilities, equity and notes.
Company financing: needs and resources, ratios, scoring, cash-flow.
Cost accounting: cost centers and cost allocation, full and partial costs, ABM.
Financial Analysis: double-entry book-keeping, accounts charts, accounting systems.
Groups of companies: Controlling and subsidiary companies, consolidated financial statements, mergers and acquisitions.
Budget and reporting.
Protection of Innovation
Prof. Jacques Peuscet (Year 2 - Lectures: 5.5 hours; Required Sections: 5.5 hours)
Patents. Patentability of inventions. French patent legislation. License and assignment. Nullity and infringement litigation. Strategy of patent protection. European patent system. Patent cooperation treaty.
Trademarks. French trademark law. International and community trademarks. Infringement litigation.
Designs. French design law. International model (the Hague Convention). Infringement litigation.
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