GBP (Global Business Program)

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ECN300FB-A5536(経済学 / Economics 300)
Principles of Microeconomics

Rika TAKAHASHI

Class code etc
Faculty/Graduate school GBP (Global Business Program)
Attached documents
Year 2022
Class code A5536
Previous Class code
Previous Class title
Term 秋学期授業/Fall
Day/Period 火3/Tue.3
Class Type
Campus 市ヶ谷 / Ichigaya
Classroom name 各学部・研究科等の時間割等で確認
Grade 2~4
Credit(s) 2
Notes
Open Program
Open Program (Notes)
Global Open Program
Interdepartmental class taking system for Academic Achievers
Interdepartmental class taking system for Academic Achievers (Notes)
Class taught by instructors with practical experience
SDGs CP
Urban Design CP
Diversity CP
Learning for the Future CP
Carbon Neutral CP
Chiyoda Campus Consortium
Category 専門教育科目/Business Administration Courses
専門科目/Intermediate/Advanced Courses of Business Administration

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Outline and objectives

This class aims to help with the understanding of basic concepts and analytical methods of microeconomics at the introductory level. It focuses on decision-making of individuals and firms and the allocation of scarce resources in society. Topics are Supply and Demand, Equilibrium, Welfare Economics, The Role of Government in Markets, Markets and Competition, and Market Failure. Also, how microeconomics principles are applicable to the real world issues as well as to other academic fields will be discussed.

Goal

By the end of the course, students will be expected to:
(1)Understand key economic models.
(2)Understand key concepts in the textbook.
(3)Acquire basic skills in order to make graphs and mathematical formulas.
(4)Solve problem sets.
(5)Evaluate daily life topics and current economic and business news from the viewpoint of microeconomic theory.

Which item of the diploma policy will be obtained by taking this class?

This course is strongly related to the "DP1-3", "DP2-1" and "DP2-2" diploma policies.

Default language used in class

英語 / English

Method(s)(学期の途中で変更になる場合には、別途提示します。 /If the Method(s) is changed, we will announce the details of any changes. )

This course consists mainly of lectures and subsequent exercises. After understanding the basic idea of microeconomics, students will solve problems and take quizzes in class. Also, problems will be assigned as homework. Students are required to use the online learning software, MindTap, to do homework. Feedback on assignments will be given by MindTap, email, or in class. All materials including lecture notes will be posted on either MindTap or Hosei’s class support online system, “Hoppii”.

Active learning in class (Group discussion, Debate.etc.)

あり / Yes

Fieldwork in class

なし / No

Schedule

授業形態/methods of teaching:対面/face to face

※各回の授業形態は予定です。教員の指示に従ってください。

Week 1[オンライン/online]:Introduction

Guidance on syllabus, semester schedule, usage of online materials, and class rules.

Week 2[対面/face to face]:Supply and Demand 1

Basic model using supply and demand curves.

Week 3[対面/face to face]:Supply and Demand 2

Changes in market outcomes, given changes in the demand and supply curves.

Week 4[対面/face to face]:Elasticity

Analysis using elasticity; “Do technological innovations increase the revenue of firms?”

Week 5[対面/face to face]:Markets and Welfare 1

Measurement of consumer surplus.

Week 6[対面/face to face]:Markets and Welfare 2

Measurement of producer surplus.

Week 7[対面/face to face]:Supply, Demand, and Government Policies 1

Price controls; effects of minimum wage and legislation on market outcomes.

Week 8[対面/face to face]:Supply, Demand, and Government Policies 2

Taxes; effects of taxation on market outcomes.

Week 9[対面/face to face]:Government Policies and Welfare

The deadweight losses of taxation.

Week 10[対面/face to face]:Markets and Competition

Perfectly competitive markets and market efficiency.

Week 11[対面/face to face]:Market Failures 1: Overview

Imperfectly competitive markets and market inefficiency.

Week 12[対面/face to face]:Market Failures 2: Externalities

Externalities and market inefficiency.

Week 13[対面/face to face]:Market Failures 3: Imperfect Competition

Introduction to Game Theory; firms’ decision making under interdependence.

Week 14[対面/face to face]:Review and Final Exam

Review and Final Exam.

Work to be done outside of class (preparation, etc.)

Students are expected to read the assigned textbook before class and do homework after class. Preparatory study and review time for this class are 2 hours each.

Textbooks

Mankiw, G. N. (2020) Principles of Economics (9th edition), Cengage Learning.

The Mankiw's textbook and accompanying online materials are the same materials used in Principles of Macroeconomics. Students who have already paid for annual use of these materials in the spring semester do not need to purchase them again. Other students should not purchase the textbook until the first class meeting. Details will be given at that time.

References

Other supplementary materials will be provided during the semester.

Grading criteria

Class participation: 20%
Homework and exercises: 40%
Final exam: 40%

Changes following student comments

In order to gain practical skills, I will give you more opportunities for exercises.

Equipment student needs to prepare

Students are expected to bring a computer in class to access the online materials.

Prerequisites

This course is highly related to Introduction to Japanese Economy and Principles of Macroeconomics. Students are strongly encouraged to take them before or after taking this course.

Upon threat level change

Please note that the teaching approach may vary according to which threat level we are at: at level 1, this course will be held on campus, though at level 2, it will be held online.

使い方・help

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