Course title
301705001
Economics 1

 KOYAMA Yusuke Click to show questionnaire result at 2019
Course description
This course deals with the basic concepts of microeconomics.
Purpose of class
Microeconomics is a field of study that analyzes the behavior of individual decision makers such as a consumer, a firm, or a government to explain various economic phenomena. At the end of the course, students are expected to understand the basic concepts of microeconomics.
Goals and objectives
  1. Understanding the basic concepts of microeconomics
  2. Understanding the competitive market
  3. Understanding the market failure
Language
Japanese
Class schedule

 Class schedule HW assignments (Including preparation and review of the class.) Amount of Time Required
1. Introduction: What is microeconomics? Home work 100minutes
2. Consumer theory (1)

1. Choice, Preference and Utility
2. Revealed preference 		Home work 200minutes
3. Consumer theory (2)

1. Budget constraint and Utility maximization
2. Demand function 		Home work 200minutes
4. Consumer theory (3)

1. Expenditure function
2. Substitute goods and Complementary goods 		Home work 200minutes
5. Producer theory (1)

1. Price takers
2. Profit maximization 		Home work 200minutes
6. Producer theory (2)

1. Profit maximization (cont.)
2. Supply function 		Home work 200minutes
7. Perfect competition and competitive equilibrium (1)

1. Perfect competition
2. Equilibrium
3. General equilibrium theory 		Home work 200minutes
8. Perfect competition and competitive equilibrium (2)

1. Partial equilibrium
2. Consumer surplus and Producer surplus 		Home work 200minutes
9. Perfect competition and competitive equilibrium (3)

1. Regulation and Dead weight loss
2. Applications 		Home work 200minutes
10. Adjustment process

1. Excess demand and Excess supply
2. Price adjustment and Quantity adjustment
3. Walrasian auction 		Home work 200minutes
11. Market Failure (1)

1. What is market failure?
2. Public goods
3. Asymmetric infromation 		Home work 200minutes
12. Market Failure (2)

1. Externality
2. Pigovian tax and Pigovian subsidy
3. Coase theorem 		Home work 200minutes
13. Market Failure (3)

1. Monopoly and Oligopoly
2. Review 		Home work 200minutes
14. Final exam and its review Home work 200minutes
Total. - - 2700minutes
Relationship between 'Goals and Objectives' and 'Course Outcomes'

 basic concepts consumer theory and produc To be able to read and understand newspapers Total.
1. 40% 30% 30% 100%
2. 0%
3. 0%
Total. 40% 30% 30% -
Evaluation method and criteria
Final Exam (100%)
Textbooks and reference materials
No textbook is required for the course.

Reference material:
Microeconomics by KANDORI, Michihiro (in Japanese)
Prerequisites
There are no particular prerequisites for this course.
Office hours and How to contact professors for questions
  • TBA (Details will be explained at orientation.)
Regionally-oriented
Non-regionally-oriented course
Development of social and professional independence
  • Course that cultivates an ability for utilizing knowledge
Active-learning course
N/A
Course by professor with work experience
Work experience Work experience and relevance to the course content if applicable
N/A N/A
Education related SDGs:the Sustainable Development Goals
  • 8.DECENT WORK AND ECONOMIC GROWTH
  • 9.INDUSTRY, INNOVATION AND INFRASTRUCTURE
Feedback on exams, assignments, etc.
Last modified : Sat Sep 09 05:01:56 JST 2023