B4041116 - Economic policy - Cours magistral

Economic Policy

Agnès Bénassy-Quéré

Université Paris 1, Master 1 “Economie Internationale”, 2017-18 1st semester

Thursday 8-11 am, Sorbonne, room D32


The aim of the Economic policy course is to teach how to identify the relevant theoretical and economic knowledge for a given policy issue, and how to use it. The students are required to master the basic, undergraduate knowledge in macroeconomics, monetary economics, microeconomics, international trade, finance. After discussing how economic policy can be modelled, how it can be positioned relative to the decision-making process and what its limits are, the course covers 7 key policy areas: fiscal policy, monetary policy, foreign exchange policy, financial stability, tax policy, labour market policies, and growth policies. The validation of the course goes through a final exam and active participation in a policy debate in class. More specifically, five debates will be organized with each time two teams arguing one against each other on a specific policy question. These debates are an integral part of the programme.

Reference book: Bénassy-Quéré, A., Coeuré, B., Jacquet, P. and J. Pisani-Ferry, Economic Policy: Theory and Practice, Oxford University Press, 2010.

In French: Bénassy-Quéré, A., Coeuré, B., Jacquet, P. and J. Pisani-Ferry, Politique Economique, De Boeck, 4ème édition, 2017.


1.       Concepts and limits of economic policy

2.       Fiscal policy

3.       Monetary policy

4.       International financial integration and foreign-exchange policy

5.       Financial stability

6.       Tax policy

7.       Labour market policies

8.       Growth policies


Policy notes: 2 pages on a specific policy issue, either “positive” (does employment protection increase unemployment?) or “normative” (should unemployment benefits be shortened in France?). ~3 students per note. Each note should summarize the current state of the literature, show some relevant data and eventually argue in one direction. All arguments should be rooted in relevant theories and empirical evidence found in the academic literature (not in the press). A list of references should be provided in appendix (3rd page). Topics/teams to be validated by October 5. A booklet of all notes will be posted online at the end of the semester.

Grading: policy note (50%); final exam (50%).

Informations sur l'espace de cours

Nom Archive année 2018-2019 Economic policy
Nom abrégé UP1-C-ELP-B4041116-02
Groupes utilisateurs inscrits Consultation des ressources, participation aux activités :
  • [2018] M1B404 - Master 1 Economie internationale (diploma-M1B404-2018)
Consultation des ressources uniquement : No enrolled cohort.

Rattachements à l'offre de formation

Élément pédagogique UP1-C-ELP-B4041116 -
Chemin complet > Année 2020-2021 > Paris 1 > UFR 02 : École d'économie de la Sorbonne > UP1-PROG-02-M1B404-116 Référence cassée > UP1-PROG-ELP-B404S115 Référence cassée > UP1-C-ELP-B4E04316 Référence cassée > UP1-C-ELP-B4041116 Référence cassée