TOKYO INSTITUTE OF TECHNOLOGY

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

Class flow

This is the three-day intensive course (regular face-to-face class) lecture that is conducted in English.
Active learning methods and reporting topics will be actively adopted in order to encourage students' independent learning.
Reports include those to be solved in class and those to be submitted after class (In principle, the deadline is 23:59 of the next day of the lecture day).
Inquiries can be received through lecture mailing lists, bulletin boards, and collaboration tools (e.g. Slack).
Information is shared with all participants at any time through the tools above, such as problem solving and consultation, as needed.
Students will receive feedback based on the understanding of the course content.
To enhance effective learning, students are encouraged to spend approximately 100 minutes preparing for class and another 100 minutes reviewing class content afterward (including assignments).
They should do so by referring to course material.

Class is scheduled as follows;
Wednesday 28th Aug: Class 1 (period 1-2), Class 2（period 3-4）
Thursday 29th Aug: Class 3 (period 1-2), Class 4（period 3-4）
Friday 30th Aug: Class 5 (period 1-2), Class 6（period 3-4), Class7 (period 5-6)
Information on the lecture room will be posted on T2SCHOLA as soon as it is decided.

Course schedule/Required learning

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 (7th)". Cengage.
**The old versions of these books are acceptable.

Assessment criteria and methods

Final exam: 70%
Quiz/Homework: 30%

Related courses

• LAH.S109 ： Economics A
• LAH.S209 ： Economics B
• LAH.S310 ： Economics C
• LAH.S407 ： Essence of Humanities and Social Sciences7:Economics

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

None required

Other

This is an intensive lecture.　As a general rule, the authorized absence system does not apply to intensive lecture-style courses.
If acquiring credits for this course is related to your own graduation, eligibility for undergraduate major affiliation or for independent research project for the Bachelor's Degree, please fully understand the risks before taking this course.