Microeconomics

Course title

S2506000

Microeconomics

Course description

The purpose of this course is to help students master microeconomic theories. This course introduces the theory of households and firms behaviors, imperfect competition and externalities. Then, it takes up asymmetry of information and uncertainty in real economy.

Purpose of class

Students are expected to acquire microeconoic theories, economic reasoning and methods of economic analysis.

Goals and objectives

	Goals and objectives	Course Outcomes
1.	Obtain microeconomic theories.
2.	Understand market efficiency and failure, and examine how they have an impact on the real economy.
3.	Learn the limits of economic analysis.

Language

Japanese

Class schedule

	Class schedule	HW assignments (Including preparation and review of the class.)	Amount of Time Required
1.	Introduction: What is microeconomics?	Check the syllabus.	120分
2.	Microeconomic Reasoning	Read the Chapter 1 of the textbook.	150分
3.	Market Mechanism: Principle of Demand and Supply	Read the Chapter 2 of the textbook.	180分
4.	Demand and Consumer Behavior (1): Indifference Curve	Read the Chapter 3 of the textbook.	180分
5.	Demand and Consumer Behavior (2): Derivation of the Demand Function	Read the Chapter 4 of the textbook.	210分
6.	Method of Lagrange Multiplier	Review basic mathematics.	180分
7.	Production and Firm Behavior (1): Production Function	Read the Chapter 6 of the textbook.	210分
8.	Production and Firm Behavior (2): Production Function: Cost Function	Read the Chapter 7 of the textbook.	240分
9.	Production and Firm Behavior (3): Long-term Firm Behavior	Read the Chapter 8 of the textbook.	180分
10.	Efficiency of Market Equilibrium	Read the Chapter 9 of the textbook.	240分
11.	Imperfect Competition: Monoploly, Duopoly and Oligopoly	Read the Chapter 10 of the textbook.	180分
12.	Market Failure (1): Externalities	Read the Chapter 12 of the textbook.	240分
13.	Market Failure (2): Supply of Public Goods and Asymmetry of Information	Examine about the definition of public goods.	210分
14.	Review and Final Exam	Review all the lectures.	240分
Total.	-	-	2760分

Relationship between 'Goals and Objectives' and 'Course Outcomes'

	Quiz	FinalExam	Total.
1.	20%	40%	60%
2.	10%	10%	20%
3.	10%	10%	20%
Total.	40%	60%	-

Evaluation method and criteria

There will be a main exams (50%). In addition, there will be ten quizzes anout the lecture (50%).
The students who are absent from a lecture than a one-third can not get any credits.

Textbooks and reference materials

Lecture materials are distributed.
（Textbook）Nishimura, K. (2011) Microeconomics 3rd Edition, Iwanami Shoten.

Prerequisites

It is desirable to have studied Introduction to Economics.

Office hours and How to contact professors for questions

＜Omiya＞（Wed）（Thur）　＜Toyosu＞（Mon）（Fri）
During a lunch break or by e-mail

Relation to the environment

000

Regionally-oriented

000

Development of social and professional independence

Course that cultivates an ability for utilizing knowledge
Course that cultivates a basic self-management skills
Course that cultivates a basic problem-solving skills

Active-learning course

0C0

Course by professor with work experience

Work experience	Work experience and relevance to the course content if applicatable
N/A	N/A

Last modified : Tue Apr 09 04:05:07 JST 2019