Numbering Code	U-ECON00 30030 SJ43 U-ECON00 40040 SJ43	Year/Term	2022 ・ First semester
Number of Credits	2	Course Type
Target Year		Target Student
Language	Japanese	Day/Period	Tue.4
Instructor name	Deqiang Liu (Graduate School of Economics Professor)
Outline and Purpose of the Course	The role of the market and the government in a country's economic development has long been a debate. The experiences of the Chinese economy before and after reform and opening-up is a perfect example of it. Before the reform and opening-up, China experienced a transition from a market economy to a planned economy. Conversely, after reform and opening up, China experienced a transition from a planned economy to a market economy. In recent years, some people re-emphasize the role of the government. No doubt to say, both market and government play an essential role in the economic development, but what is the best balance or combination between the two? This seminar will focus on this issue by reading some of the world's most famous books.
Course Goals	Students will clearly understand the role of the market and government and the nature of the market economy and planned economy.
Schedule and Contents	1. The Abandoned Road 2. The Great Utopia 3. Individualism and Collectivism 4. The "Inevitability" of Planning 5. Planning and Democracy 6. Planning and the Rule of Law 7. Economic Control and Totalitarianism 8. Who, whom? 9. Security and Freedom 10. Why the Worst Get on Top? 11. The End of Truth 12. Socialist Roots of Nazism 13. The Totalitarians in our Midst 14. Material Conditions and Ideal Ends 15. The Prospects of International Order
Evaluation Methods and Policy	Evaluation will be based on presentations (60%) and participation (40%).
Course Requirements	Having basic knowledge of microeconomics and macroeconomics
Study outside of Class (preparation and review)	Introduced during the first session.
Textbooks	Textbooks/References	Hayek, tr. Chiaki Nishiyama, The Road to Serfdom (Shunjusha Publishing Co., Ltd., 2008)
References, etc.	Introduced during classes