This course explains important topics in micro economics related to firms' production activities. Through understanding firms' behavior related to production technology and efficiency of resource allocation, and market competition, this course explains how to examine corporate management using basic principles and methods in economics. This course also deals with environment-oriented corporate management and productivity analysis of firms.
The aim of this course is to cultivate ability to conduct quantitative analysis of corporate management and production activities applying methods in economics to firms' data.
This course aims to achieve:
(1) Understand firms' production activities and competition in the theory of micro economics
(2) Learn how to apply micro economics theory and method to firms' data
(3) Understand basic procedure of empirical analysis on firms using economics
Firm behavior, production technology, market competition, productive efficiency, environment-oriented management
|✔ Intercultural skills||Communication skills||✔ Specialist skills||Critical thinking skills||✔ Practical and/or problem-solving skills|
Students learn basic micro economics theory and application and develop the knowledge to empirical analysis of corporate management
|Course schedule||Required learning|
|Class 1||Production technology and firms||Understand firm's production technology|
|Class 2||Profit function I||Understand firm's profit maximization and profit function|
|Class 3||Profit function II||Understand firm's profit maximization and profit function|
|Class 4||Cost function I||Understand firm's cost minimization and cost function|
|Class 5||Cost function II||Understand firm's cost minimization and cost function|
|Class 6||Market competition I||Understand competitive markets, and monopoly and oligopoly markets|
|Class 7||Market competition II||Understand competitive markets, and monopoly and oligopoly markets|
|Class 8||Summary and overall discussion||Summarize policy and economics of this course and revisit important topics of them|
Varian, H.R. (1992), Microeconomic Analysis, Third Edition, W.W. Norton & Company, Inc. New York. N.Y.
Assessment is based on class participation(30%) and final report(70%)