This course is for those engineering graduate students who have not studied economics for their relatively easy access to current economic topics and fields of applied economics such as environmental economics and development economics.
This course aims to provide basic concepts and theories of microeconomics (plus some fractions of macroeconomics) to those engineering graduate students who have not studied economics in the past for their relatively easy access to current economic topics and fields of applied economics such as environmental economics and development economics.
1. Consumer theory: budget constraints, preferences, and utility function
2. Consumer theory: indifference curves , and types of goods
3. Consumer theory: elastisity, price effects and demand curves
4. Consumer theory: measurement of welfare change
5. Producer theory: production function and isoquants
6. Producer theory: profit function
7. Producer theory: cost curves and supply function
8. Market mechanizm: Pareto efficiency
9. Market failures and counter-measures
10. Public goods
11. Measuremnet of national income
12. Input-Output Analysis of an economy
13. Trade and foreign exchange rates
* Final exam (written and closed exam in English)
* The schedule is subject to change.
Recommended but not required: Intermediate Micro Economics, 7th edition, Hal Varian
n.a.
Mainly based on the result of final exam.