Print

2022　Economics B

Font size  SML

Register update notification mail Add to favorite lecture list
Academic unit or major
Humanities and social science courses
Instructor(s)
Ehara Kei 
Class Format
Lecture    (Face-to-face)
Media-enhanced courses
Day/Period(Room No.)
Mon1-2(W933)  Thr1-2(W933)  
Group
-
Course number
LAH.S209
Credits
2
Academic year
2022
Offered quarter
3Q
Syllabus updated
2022/4/20
Lecture notes updated
-
Language used
Japanese
Access Index

Course description and aims

This course focuses on the former part of the basic theory of capitalism based on Marxian economics. We explain the concepts of commodity, money, and capital which are indispensable to discuss the structure of the capitalist market. Using these concepts, we analyze the capitalist market and its theoretical flexibility to transform itself.
The aim of the course is to make use of the world most advanced study of Marxian economics in Japan to demonstrate an alternative theory of market that could effectively be counterposed to a commonplace conception of market: supply and demand equilibrium. Students will be able to reasonably consider how and why people have diversified views of economy and society.

Student learning outcomes

1) Understand the basic theory of economics that begins with the analysis of commodity
2) Theoretically consider the capitalist market by systematically relating the concepts of commodity, money, and capital
3) Theoretically study the structural flexibility of the capitalist market

Keywords

Capitalism, Commodity, Money, Capital, Market, Marx

Competencies that will be developed

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

Class flow

Lectures based on course materials. Students are required to give comments on each lecture. Quenstions and comments will be taken up in the course.

Course schedule/Required learning

  Course schedule Required learning
Class 1 Introduction Overview of the course. Preface of textbook
Class 2 Capitalism and Marxian Economics Introduction of textbook
Class 3 Things and Commodities pp. 21-26 of textbook
Class 4 The Two Factors of the Commodity pp. 26-30 of textbook
Class 5 Value-form (1): Expressing Value pp. 31-38 of textbook
Class 6 Value-form (2): Price pp. 38-48 of textbook
Class 7 A Brief Summary A brief summary of the theory of commodity and quiz
Class 8 Valorization pp. 79-86 of textbook
Class 9 A Polymorphic Approach to Money and Capital (1): Material Money and Metamorphosis pp. 86-92 of textbook
Class 10 Credit System (1): Commercial Credit pp. 220-226 of textbook
Class 11 Credit System (2): Bank Credit pp. 226-244 of textbook
Class 12 A Polymorphic Approach to Money and Capital (2): Asset Agglomeration and Credit Money pp. 92-95 of textbook
Class 13 The Market with Money pp. 49-77, 95-98 of textbook
Class 14 Conclusion and Exam Reconsidering the theory of market, exam

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.

Textbook(s)

Michiaki Obata, The Principles of Political Economy, University of Tokyo Press, 2009 (Japanese)

Reference books, course materials, etc.

TBA

Assessment criteria and methods

Comments and Quizes (30%), Reports (70%)

Related courses

  • LAH.S109 ： Economics A
  • LAH.S310 ： Economics C
  • LAH.S407 ： Essence of Humanities and Social Sciences7:Economics

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

No prerequisites.

Page Top