2019 Essence of Humanities and Social Sciences7:Economics

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Academic unit or major
Humanities and social science courses
Instructor(s)
Haji Koichi 
Class Format
Lecture     
Media-enhanced courses
Day/Period(Room No.)
Wed7-8(B223)  
Group
-
Course number
LAH.S407
Credits
1
Academic year
2019
Offered quarter
4Q
Syllabus updated
2019/3/18
Lecture notes updated
-
Language used
Japanese
Access Index

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 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 familier 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

Keywords

economics,Japanese economy

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 present value, arbitrage, asset price, bubble
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
Class 8 Monetary policy inflation and deflation, quantity theory, money multiplier, unconventional monetary policy

Textbook(s)

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 30%, final exam 70%.

Related courses

  • introduction to economics

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

None.

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