General Description (概要)
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This course covers basic level of “traditional” microeconomics (so-called “price theory”: analysis of the perfect competition) and its application.Topics that this course deals with are: market, demand, supply and the equilibrium; consumer behavior and utility maximization; firm behavior and profit maximization;market failure (imperfect competition, imperfect information, externality, and public goals) and economic policy; taxes and subsidies, income distribution, etc.
伝統的なミクロ経済学（価格理論）の基礎部分、およびその応用例を幅広く学ぶ。取り扱うトピックは、 市場と需要・供給、市場均衡、消費者の行動と効用最大化、生産者の行動と利潤最大化、市場の失敗（不完全競争、不完全情報、外部性、公共財）と経済政策、税と補助金、所得分配 などである。
This course covers basic level of “traditional” microeconomics (so-called “price theory”: analysis of perfect competition) and its applications. Topics that this course deals with include: market, demand, supply and the equilibrium; consumer behaviour and utility maximization; firm behaviour and profit maximization; market failure, public goods, and economic policy; taxes and subsidies, etc.
Prerequisites: basic algebra and calculus
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Learning Goals(学習目標)
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The main goal of this course is to introduce students to seeing the world through the lens of microeconomics. This includes:
- Learning the concepts of markets, demand, and supply, and how to apply them
- Understanding consumer behaviour (preferences, utility maximisation)
- Basics of producer choice (production functions, cost-minimisation)
- Perfectly competitive markets vs markets with market power (including monopoly)
- Taxes, subsidies, and deadweight losses from policy interventions
- Game theory basics
Understanding these concepts, their interactions, and applications to real world situations will form a foundation on which the students can build, in more advanced economics courses.
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Contents(内容)
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The pace of the course will be adjusted in accordance with student abilities and preferences, but the main topics we will aim to cover include:
1. Introduction to markets and basic microeconomic concepts
2. Preferences, consumer choice, and demand
3. Production, firm behaviour, and supply
4. Gains from trade
5. Perfect competition, monopoly, and market power
6. Public intervention, taxes & subsidies, and deadweight loss
7. Game theory basics
A more detailed syllabus & outline will be provided in the first class.
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Language of Instruction(教授言語の詳細)
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Lecture: English
Readings/Materials: English
Tests/Quizzes/Assignments: English
Discussions/Presentations/Other learning activities: English
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Communication with the instructor: English
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Grading Policy(成績評価基準)
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A more detailed grading policy will be discussed in the first lecture, but the approximate weightings will be:
Final exam: 30%
Assignments: 45% (likely 3 assignments, 15% each)
Participation: 25%
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Expected study hour outside class(授業時間外学習)
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210 min.
To make the most out of this course, your studies (beyond attending the classes) should include:
- reading & revising the appropriate material such as textbook, slides, or recordings (to consolidate your understanding, and perhaps generate questions for subsequent classes)
- solving homework problems, quizzes, or other assignments
- asking (and responding to) questions on the Moodle page for the course (this will help you develop skills in applied problem-solving, which are important for in this course)
- potentially gathering material for pre-announced in-class application tasks (e.g. finding relevant online news articles reflecting recent developments on the topic covered in class)
- responding to comment / feedback sheets or surveys (this helps me shape the course to your preferences & needs, and answer any outstanding questions)
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References(参考文献)
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Hal Varian: Intermediate Microeconomics, 9th ed. (2014, main textbook, required reading)
N. Gregory Mankiw: Principles of Microeconomics, 8th ed. (2017, less technical)
Mas-Colell, Whinston & Green: Microeconomic Theory (1995, more technical)
Nicholson & Snyder: Intermediate Microeconomics and its Application (2015, available as an eBook via ICU library)
In addition to the above, there are many introductory microeconomics textbooks that cover the topics in this course. If you find you do not get along with the style of the books above, please try others.
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Learning Support Resources for Students (学生のための学修支援リソース)
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If there are learning support resources that are especially recommended for this course, they will be listed below.
Here (ICU Internal page) is the list of learning support resources available at ICU.
このコースで特に利用を推奨する学修支援リソースがある場合、以下に記載されます。
ICUで利用可能なリソースの一覧は こちらです （学内ウェブサイト）。
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Notes(注意事項)
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Given the uncertain state of COVID-19, States of Emergency etc., this course will be taught Online Only, in a synchronous format.
To facilitate real-time participation, students will be requested to follow in real time, with both audio and video enabled.
In addition to lecturing, some classes may include discussion, group-work, and perhaps in-class presentations.
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Schedule(スケジュール)
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3/M,3/W,3/F
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URL
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