2020 Essence of Humanities and Social Sciences7:Economics

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Humanities and social science courses
Haji Koichi 
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Course description and aims

An introduction to the principles of economic analysis and their implications for Japanese economy. This course is intended primarily for students majoring in science or engineering without significant prior study in economics.
Several key concepts and principles are explained in the class. Using Japanese economy as an example, students will see how to use these tools in economic analysis.

Student learning outcomes

By the end of this course, students will :
1) be familiar with several concepts and principles in economics
2) know how these concepts and principles are used in economic analysis
3) understand some key issues in the Japanese economy

Course taught by instructors with work experience

Applicable How instructors' work experience benefits the course
The instructor has experience in analyzing the Japanese economy at private think tank and government. Participants will know how basic principles are used in actual issues.


economics,Japanese economy,microeconomics,macroeconomics,economic policy

Competencies that will be developed

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

Class flow

A few new concepts and principles will be introduced each class. Actural phenomena in the real economy are explained by using these concepts. Class will discuss some related topics.

Course schedule/Required learning

  Course schedule Required learning
Class 1 What is economics. The functions of markets Supply and demand, partinal and gereral euilibrium, consumer and producer surplus
Class 2 Firms: Cost and Profit variable and fixed cost, sunk cost, imperfect competition, behavior of Japanese firms
Class 3 Macroeconomics : GDP, unemployment, fiscal policy, sustainnability of government deficits, Domar condition
Class 4 Consumer : effects of population aging life-cycle hypothesis, household saving ratio, I-S balance
Class 5 Financial Market and Monetary policy present value, arbitrage, asset price, bubble,inflation and deflation, monetary policy
Class 6 Trade and International economy comparative advantage, division of labor, Balance of Payments, exchange rate
Class 7 Economic growth Trend and cycles, production function, growth accouting, investment and depreciation

Out-of-Class Study Time (Preparation and Review)

To enhance effective learning, students are encouraged to spend approximately 100 minutes preparing for class and another 100 minutes reviewing class content afterwards (including assignments) for each class.
They should do so by referring to textbooks and other course material.


Textbooks are not used. Each class, a handout will be provided.

Reference books, course materials, etc.

Handouts will be available on OCW-i. Participants are strongly recommended to read economic articles on newspapers and magazines.

Assessment criteria and methods

assignments and quizzes after class 60%, a short essay at the end of quarter 40%.

Related courses

  • LAH.S109 : Economics A
  • LAH.S209 : Economics B
  • LAH.S310 : Economics C

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


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