Agricultural and Environmental Policy1A
| Numbering Code | G-AGR06 6FA53 LJ82 | Year/Term | 2022 ・ First semester |
|---|---|---|---|
| Number of Credits | 2 | Course Type | Lecture |
| Target Year | Target Student | ||
| Language | Japanese and English | Day/Period | Mon.2 |
| Instructor name | Ito Junichi (Graduate School of Agriculture Professor) | ||
| Outline and Purpose of the Course | Students attending this lecture are required to have a basic knowledge of intermediate microeconomics and econometrics. The main objective of this subject is to cultivate students' comprehensive abilities to examine the economic and social problems regarding food, agriculture, and the environment. The issues addressed in the lecture are shown specifically in the class plan below. With the help of the fundamental theory of microeconomics and econometrics, students are able to learn the basic concepts and analytical methods that are indispensable for conducting empirical studies and receiving a master's degree in the filed of natural resource economics. | ||
| Course Goals | Based on intermediate-level microeconomics and econometrics, students develop a thorough understanding of food, agricultural, and environmental problems in the world. | ||
| Schedule and Contents |
The contents of the lecture are as follows: (1) Common property resource management Tragedy of the commons, an application of game theory, empirical studies of the local commons, payments of environmental/ecosystem services (PSEs), and the impact evaluation of PSEs. (2) Market equilibrium Competitive markets, general and partial equilibriums, and food markets in the world, and malfunction of food markets. (3) The frontier of microeconomics Adverse selection and moral hazard, incentive contracts, signaling and screening games, hold-up problems, Nash bargaining solution, and empirical studies of contract farming. (4) Exam and feedback |
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| Evaluation Methods and Policy | Evaluate learning results with a final exam. Refer to current year's 'Guide to Degree Program' for attainment levels of evaluation. | ||
| Course Requirements |
Knowledge of mathematical economics and econometrics is essential. |
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| Study outside of Class (preparation and review) | Read carefully the resume distributed in advance, and solve questions before attending the class. | ||
