Microeconomics 2

Numbering Code U-ECON00 20102 LJ43 Year/Term 2021 ・ Second semester
Number of Credits 2 Course Type Lecture
Target Year From 2nd to 4th year students Target Student
Language Japanese Day/Period Wed.3
Instructor name WAKAI KATSUTOSHI (Graduate School of Economics Professor)
Outline and Purpose of the Course Based on the basic knowledge of the fully competitive market economy studied in Microeconomics 1, Microeconomics 2 covers incomplete competitive markets and public goods. We will also consider the impact of uncertainty and information asymmetry on individuals and markets. In addition, we will learn methods for analyzing strategic behavior.
Course Goals Being able to solve practice questions on the incomplete competition market, public goods, uncertainty, information asymmetry, etc.
Schedule and Contents The following issues will be covered, two to three weeks per subject.

1. Decision Making and Market Equilibrium under Uncertainty
2. Game Theory
3. Public Goods and Externalities
4. Monopoly
5. Oligopoly
6. The Economics of Information
Evaluation Methods and Policy Evaluation is based on results of the final exam.
Course Requirements This course assumes that students are also taking Microeconomics 1.
Study outside of Class (preparation and review) Students should prepare from textbooks before class and solve practice questions after class.
Textbooks Textbooks/References 荒井一博 "ミクロ経済理論" (有斐閣), 武隈愼一 "演習ミクロ経済学" (新世社)
References, etc. 奥野正寛 "ミクロ経済学" (東京大学出版会)
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