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- 工学院，物質理工学院，環境・社会理工学院共通科目
- Liberal arts and basic science courses
- First-Year Courses
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School of Environment and Society
- Department of Architecture and Building Engineering
- Department of Civil and Environmental Engineering
- Department of Transdisciplinary Science and Engineering
- Department of Social and Human Sciences
- Department of Innovation Science
- Graduate major in Technology and Innovation Management
- Common courses
- Liberal arts and basic science courses
- Academic unit or major
- Undergraduate major in Civil and Environmental Engineering
- Instructor(s)
- Fukuda Daisuke Nemoto Toshinori Umauchi Hirotaka Chujo Ushio
- Class Format
- Lecture
- Media-enhanced courses
- Day/Period(Room No.)
- Fri3-4(M113) Fri7-8(M113)
- Group
- -
- Course number
- CVE.D311
- Credits
- 2
- Academic year
- 2016
- Offered quarter
- 1-2Q
- Syllabus updated
- 2017/1/11
- Lecture notes updated
- -
- Language used
- Japanese
- Access Index
-
Course description and aims
To study fundamentals of economic theories (e.g. microeconomics and transport economics) used for analyzing and evaluating infrastructure development.
Student learning outcomes
Studying fundamental ways of economic thinking about infrastructure projects such as: (1) Microeconomic theory on costs and prices; (2) Economic evaluation method of infrastructure projects; (3) Macroeconomic impacts of public works/investments; (4) Characteristics of public services and their financial and pricing systems; and (5) Logistics and Private Finance Initiative (PFI).
Keywords
Economics, Microeconomics, Transportation and Urban Economics, Public Economics, Market Failure, Externality, Economic Policy
Competencies that will be developed
| ✔ Specialist skills | Intercultural skills | Communication skills | Critical thinking skills | Practical and/or problem-solving skills |
Class flow
While theoretical foundations of economics are explained, mid-term exam will be set. The final exam will also be set.
Course schedule/Required learning
| Course schedule | Required learning | |
|---|---|---|
| Class 1 | Role of economic analysis for evaluating infrastructure develpment | - Infrastructure project and its economic analysis - History of cost benefit analysis - What is the economics way of thinking? |
| Class 2 | Foundations of consumer behavior theory | - Consumption possible frontier (budget constraint) - Preference, utility, indifference curve, marginal rate of substitution - Choice (utility maximization) - Demand function, price/income elasticities - Consumer surplus and benefit calculation - Duality |
| Class 3 | Foundations of producer/firm behavior theory | - Variable input, Fixed input, diminishing marginal productivity - Short term, Long term/Average, Marginal costs - Variable/Fixed Costs - Cost Minimization Problem and Cost Function - Production Technology - Profit Maximization and Production Function - Producer Surplus - Variable/Fixed Cost Functions |
| Class 4 | Theory of market | - Law of Single Price - Price Taker and Price Maker - Market Equilibrium - Excess Demand/Supply - Partial/General Equilibrium - Consumer/Producer/Social Surplus - The 1st Theorem of Welfare Economics - Monopoly and Law of decreasing Marginal Cost, Oligopoly |
| Class 5 | Market failure and its correction | - Monopoly - Externality - Congestion charging - Public goods |
| Class 6 | Cost-benefit analysis for infrastructure projects | - Principle and history of cost benefit analysis - Social discount rate - Definition and measurement of economic benefit |
| Class 7 | Marcoeconomic impacts of public investment | - Public investment - Multiplier effects - Inflation and deflation |
| Class 8 | Mid-term exam and its description | Mid-term exam and its description |
| Class 9 | Characteristic of transport services and relevant regulations | - Characteristics of transport service - Cost characteristic of transport service - Purpose, classification and implementation of regulation |
| Class 10 | Funding of transport infrastructure and service and their evaluation | - Evaluation of transport infrastructure investment - Funding of transport infrastructure investment |
| Class 11 | Theory and evaluation of transport fare policies | - Fully distributed cost method - Incentive-based regulation |
| Class 12 | History and prospects of the use of private funding for infrastructure development in Japan | - What is Private Finance Initiative? - Agency-based theory of contract |
| Class 13 | Issues of Japanese Energy Policy - A case of electric service | - Current situation of energy related industries in Japan - Production and demand for energy resource in Japan |
| Class 14 | Roles and issues of road user charging | - Fundamental theory of road user charging - Issues and prospects of road user charging in practice |
| Class 15 | Policy issues on urban freight logistics and facilities | - Fundamentals of logistics - Evaluation of logistics/freight policies |
Textbook(s)
Particularly not. Handouts will be circulated during the class and also be uploaded to OCWi.
Reference books, course materials, etc.
The followings are all study-aid books.
- Takeuchi (2008) Introduction to transportation economics, Yuhikaku.
- Yamauchi & Takeuchi (2002) Transportation economics, Yuhikaku.
- Hatta (2009) Introduction to Microeconomics 1 & 2, Toyokeizai.
- Fujii (2010) Public works saving Japan, Bunshun.
Assessment criteria and methods
Mid-term exam (40%), Final exam (40%), Assignments & Small quiz (20%)
Related courses
- CVE.D201 ： Fudamentals of Infrastructure Planning
- CVE.D210 ： Planning Theory for Civil and Environmental Engineering
- CVE.D312 ： Behavioral Theory of Public Systems
- CVE.D301 ： Traffic and Transportation Systems
- CVE.D403 ： Transportation Economics
- CVE.D211 ： Introduction to National Land Use and City Planning
- ARC.P305 ： National and City Planning
Prerequisites (i.e., required knowledge, skills, courses, etc.)
It is recommend to take "CVE.D201 ： Fudamentals of Infrastructure Planning", "CVE.D210 ： Planning Theory for Civil and Environmental Engineering" and "CVE.D301 ： Traffic and Transportation Systems".
