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2020　Economics A

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Academic unit or major
Humanities and social science courses
Instructor(s)
Yang Qizhong 
Class Format
Lecture     
Media-enhanced courses
Day/Period(Room No.)
Intensive (W833)  
Group
-
Course number
LAH.S109
Credits
1
Academic year
2020
Offered quarter
2Q
Syllabus updated
2020/9/18
Lecture notes updated
-
Language used
English
Access Index

Course description and aims

This lecture is open to all students interested in economics, with or without prior knowledge. The course covers the basic knowledge of microeconomics, macroeconomics, and econometrics. Microeconomics is a branch of eonomics that deals with economic units such as individuals, households, and businesses that are the smallest unit. Macroeconomics is another branch that studies economic phenomena of the entire country, tabulating economic activities such as GDP and unemployment. Econometrics is the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference. The goal of this course is to guide students to think about various economic phenomena in daily life as economists.

Student learning outcomes

The objective of this course is to acquire the following abilities.
1) Understand the behavior of consumers and producers in microeconomics and the basics of game theory
2) Understand the major indicators in macroeconomics and the relationship between total demand and supply of the country
2) Understand the basics of statistics and the necessity of causal inference in econometrics

Keywords

Microeconomics, Macroeconomics, Econometrics

Competencies that will be developed

Specialist skills ✔ Intercultural skills Communication skills Critical thinking skills Practical and/or problem-solving skills

Class flow

Lectures are conducted in English. Active learning methods will be actively adopted in order to encourage students' independent learning.
Below, added 6/3 ---
This course will be given by zoom (All lecture are Pre-recorded) in the following schedule during summer vacation.
August 11(Tue) period 1-2, 3-4, 5-6, 7-8
August 12(Wed) period 1-2, 3-4, 5-6

Course schedule/Required learning

  Course schedule Required learning
Class 1 Microeconomics: consumer theory and producer theory The outline of this course Understand the deciding mechanisms of consumer and producer behavior
Class 2 Microeconomics: demand and supply, market equilibrium Understand the concept of market supply and demand, market equilibrium
Class 3 Microeconomics: game theory Understand the concept of game theory and market equilibrium
Class 4 Macroeconomics: GDP and the principle of equivalent of three aspects Understand the concept of GDP, and the essence of the principle
Class 5 Macroeconomics: IS-LM model and AD-AS model Understand the derivation and application of IS-LM model and AD-AS model
Class 6 Econometrics: the basics Understand the basics of statistics, and the concept of econometrics
Class 7 Econometrics: the application Understand the difference between correlation and causality and the concept of causal inference
Class 8 Final exam

Textbook(s)

None required. Handouts will be distributed before the lecture.

Reference books, course materials, etc.

1) N. Gregory. Mankiw. 1997. "Principles of Economics". Cengage.
2) Jeffrey M. Wooldridge. 2000. "Introductory Econometrics: A Modern Approach". Cengage.

Assessment criteria and methods

Final exam: 70%
Quiz/Homework: 30%

Related courses

  • LAH.S209 ： Economics B
  • LAH.S310 ： Economics C

Prerequisites (i.e., required knowledge, skills, courses, etc.)

None required

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