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2022　Economics C

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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.)
Mon5-6(S611)  Thr5-6(S611)  
Group
-
Course number
LAH.S310
Credits
2
Academic year
2022
Offered quarter
4Q
Syllabus updated
2022/4/20
Lecture notes updated
-
Language used
Japanese
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Course description and aims

This course focuses on the latter part of the basic theory of capitalism based on Marxian economics. We explain the general concept of human labor, following which the labor in the capitalist relation is discussed. Then we consider the concept of production, especially focusing on the structure of social reproduction and the labor market. We also deal with the structure of market organization with the system of exchanges. We will sum up the course by theoretically studying the business cycle.
The aim of the course is to make use of the world most advanced study of Marxian economics in Japan to consider the modern social issues such as labor problems and economic depression as structural problems in the capitalism. In the theory of social production, we shall examine the impacts of technological determinacy and innovations.

Student learning outcomes

1) Understand the nature of labor in the capitalism
2) Cultivate the method of structural analysis of social production
3) Build and solve price equations of capitalist market
4) Understand the nature of the market with exchanges
5) Theoretically consider the business cycle

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 are delivered by using lecture slides. Questions and opinions are accepted by email at any time and will be shared in classes.

Course schedule/Required learning

  Course schedule Required learning
Class 1 Introduction Overview of the course. Introduction of textbook
Class 2 Labor pp. 101-109 of textbook
Class 3 Factory System pp. 110-133 of textbook
Class 4 Putting-out System pp. 133-139 of textbook
Class 5 The Process of Production pp. 141-151 of textbook
Class 6 The Means of Subsistence and Total Labor pp. 152-164 of textbook
Class 7 The Labor Market pp. 165-175 of textbook
Class 8 The Cost-price and Profit pp. 183-192 of textbook
Class 9 The Price of Production pp. 192-197 of textbook
Class 10 The Plural Conditions of Production (1): Measuring the Productivity pp. 197-201 of textbook
Class 11 The Plural Conditions of Production (2): Rent pp. 201-211 of textbook
Class 12 The Market Organization pp. 244-251 of textbook
Class 13 Business Cycle pp. 253-270 of textbook
Class 14 Conclusion, Exam Reconstructing Marxian economics, 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 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.S209 ： Economics B
  • LAH.S407 ： Essence of Humanities and Social Sciences7:Economics

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

No prerequisites.

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