Department of Global and Interdisciplinary Studies

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ECN100ZA(経済学 / Economics 100)
Microeconomics I

Delgado Narro Augusto Ricardo

Class code etc
Faculty/Graduate school Department of Global and Interdisciplinary Studies
Attached documents
Year 2024
Class code A6148
Previous Class code
Previous Class title
Term 春学期授業/Spring
Day/Period 火3/Tue.3
Class Type
Campus 市ヶ谷 / Ichigaya
Classroom name 市Y‐Y401
Grade 1~4
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
Duplicate Subjects Taken Under Previous Class Title
Category (commenced 2024 onwards) 100-level Introductory Courses(入門)
Business-Economics-IT
Category (commenced 2020-2023) 100-level Introductory Courses(入門)
Management Sciences
Category (commenced 2016-2019) 100-level Introductory Courses
Business and Economy

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Outline and objectives

This is a course for students who are interested in learning the fundamental concepts and principles in microeconomics; particularly, supply and demand, and how government policies can affect them. This introductory course in microeconomics will be covered in two semesters. Microeconomics I serves as a pre-requisite to Microeconomics II.
In the first half of the semester, we will examine how markets work. In the second half the semester, we will discuss how the public sector can affect markets.

Goal

The intention of this course is to integrate theory and application. At the end of the course, students should grasp and be able to discuss fundamental concepts in microeconomics, i.e. factors affecting supply and demand, the effects of the public sector on consumers and producers, as well as fiscal policy.

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

Will be able to gain “DP 1”, “DP 2”, “DP 3”, and “DP 4”.

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. )

At the beginning of class, feedback for the previous class is given using some comments from submitted reaction papers.

Submission of assignments and feedback will be via the Learning Management System.

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。

1[オンライン/online]:Introduction

Introduction

2[対面/face to face]:How Markets Work

-Markets(Chapter 4)
-Introduction to Perfect Competition.

3[対面/face to face]:(*) Market 1: Demand
(*) Quiz 1.

-Demand (Chapter 1 and 4)
-Supply(Chapter 5)

4[対面/face to face]:(*) Market 2: Supply.
(*) Quiz 2.

-Equilibrium (Ch. 5)

5[対面/face to face]:(*) Economic Surplus.
(*) Quiz 3.

-Consumer surplus.
-Producer surplus.

6[対面/face to face]:(*) Elasticities.
(*) Quiz 4.

-Elasticities.

7[対面/face to face]:(*) Classes Review (1-6).
(*) Quiz 5.

-Supply and Demand.
-Equilibrium.
-Surplus.
-Elasticities.

8[対面/face to face]:(*) Government Policies 1.
(*) Quiz 6.

-Price controls (Chapter 6)
-Price limits.
-Quotas.

9[対面/face to face]:(*) Government Policies 2.
(*) Quiz 7.

-Taxes (Ch. 8 & 12)

10[対面/face to face]:(*) Public Sector 1.
(*) Quiz 8.

-Externalities (Chapter 10)

11[対面/face to face]:(*) Public Sector 2.
(*) Quiz 9.

-Public goods and common resources (Chapter 11).

12[対面/face to face]:(*) Prices and Inflation.
(*) Quiz 10.

-Price Index.
-Consumer Price Index.
-Inflation Concept.

13[対面/face to face]:(*) Preferences.
(*) Quiz 11.

-Consumer Preferences.
-Budget Constrains.

14[対面/face to face]:(*) Wrap-up review of classes 8-13.
(*) Quiz 12.

-Classes Review.
-Final Comments.

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

1. Readings- Students are expected to read the textbook chapters carefully and to prepare for the lecture. Special attention should be paid to understanding the tables and the graphs.
2. Short quizzes- Students are given quizzes to strengthen their understanding of applying the concepts. Students should hand in homework during the next class in case of absence.

Preparatory study and review time for this class are 2 hours each.

Textbooks

Mankiw, Gregory. N. (2015) Principles of Microeconomics, 7th
edition, Cengage Learning.

References

Other materials will be given by the instructor or shall be announced in class.

Grading criteria

【Grading criteria】
Attendance: 10%
Quizzes: 90%*

(*) The total number of quizzes in the course is 12; from those, the lowest 2 will be eliminated, and the average of the remaining 10 quizzes will be the grade of the item titled "Quizzes." Therefore, each valid quiz weight is 9%.
Each quiz will take about 20 minutes in each class.

Changes following student comments

The lecture schedule may be adjusted depending on the pace of the class or at the discretion of the instructor. Any changes will be announced in class. Submission of assignments and feedback will be via the Learning Management System.

Equipment student needs to prepare

None.

Others

This course requires students to have a good understanding of mathematics and graphic analysis. Students are asked to bring a simple calculator to class.

Prerequisite

None