Course title

YAMAZAWA Hiroshi Click to show questionnaire result at 2019
Course description
 Economics aims to analyze economy and other issues in society logically, and explore causal mechanisms lie behind them. Students learn how to explain changes in society, industries, and life and interests of individuals by applying basic concepts of economics.
Purpose of class
 Learn basic concepts of economics, and understand economy and various issues economically.
Goals and objectives
  1. Understand how actual economy works
  2. Explain various economic issues logically
  3. Explain non-economic issues in everyday life based on economic theories
Class schedule

Class schedule HW assignments (Including preparation and review of the class.) Amount of Time Required
1. Introduction Learn ten principles of economics 70minutes
Lean the relationship of economy and policies 60minutes
2. Interdependence and the gains from trade Learn what kind of benefit people gain from trade 120minutes
3. The market forces of supply and demand Learn how prices are determined in a market 120minutes
4. Supply, demand, and government policies Learn how price mechanisms are affected by price controls and taxes 120minutes
5. Consumers, producers, and the efficiency of markets Learn consumer and producer surplus 120minutes
6. Externalities Lean positive and negative externalities 120minutes
7. Mid-term exam an wrap up of the first half Review the contents of the first half 600minutes
8. Measuring a nation's income Learn how to calculate GDP 120minutes
9. Measuring the cost of living Learn consumption price index 120minutes
10. Production and growth Learn what determines productivity 120minutes
11. Saving, investment, and the financial system Learn saving, investment, and the system that coordinate them 120minutes
12. Aggregate demand and aggregate supply Learn how to analyze short-term economic fluctuations 120minutes
13. Open-economy macroeconomics: basics Learn international flows of goods and capital 120minutes
14. Final exam and wrap up of the second half Review the contents of the second half 600minutes
Total. - - 2650minutes
Relationship between 'Goals and Objectives' and 'Course Outcomes'

Check tests druing the class Interim exam Final exam Total.
1. 6% 14% 14% 34%
2. 6% 14% 14% 34%
3. 8% 12% 12% 32%
Total. 20% 40% 40% -
Evaluation method and criteria
Check test during the class (20%), mid-term exam (40%), final exam (40%)
Textbooks and reference materials
-N. G. Mankiw (2011) ”Principles of economics”, 6th edition, international edition, South-western Cengage Learing

Reference materials:
Office hours and How to contact professors for questions
  • In the classroom after each class
Non-regionally-oriented course
Development of social and professional independence
  • Course that cultivates an ability for utilizing knowledge
Active-learning course
Course by professor with work experience
Work experience Work experience and relevance to the course content if applicable
Education related SDGs:the Sustainable Development Goals
Last modified : Fri Mar 18 23:38:06 JST 2022