Readings in Humanities and Social Sciences (Economics, English)A-E1
| Numbering Code | U-LAS03 10008 SB48 | Year/Term | 2022 ・ First semester | |
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| Number of Credits | 2 | Course Type | Seminar | |
| Target Year | 2nd year students or above | Target Student | For all majors | |
| Language | Japanese | Day/Period | Tue.3 | |
| Instructor name | NAKABAYAHI JUN (Graduate School of Economics Associate Professor) | |||
| Outline and Purpose of the Course | This course is an introduction to the study of microeconomics. By the end of the course, you will have a better understanding of how economists approach and think about issues like: behavior of firms, market competition, rent controls, international trade and tariffs, externalities, and many more. | |||
| Course Goals |
1. An understanding of the interaction of the individual, the firm and the industries in the structure of the economy. 2. An understanding of production and cost decisions made by firms and understanding of different market structures. 3. An understanding of the role of government in externalities and antitrust. |
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| Schedule and Contents |
(C1) Introduction to Economics/ Scarcity and Choice Reading: Mankiw, “Ten Principles of Economics,” Chapter 1 Reading: Mankiw, “Thinking Like an Economist,” Chapter 2 Chapter 1 Homework – due in October 7, 10:00AM Chapter 2 Homework – due in October 11, 10:00AM (C2) Gains from Trade/ Supply and Demand Reading: Mankiw, “Interdependence And The Gains From Trade,” Chapter 3 Reading: Mankiw, “The Market Forces Of Supply And Demand,” Chapter 4. Chapter 3 Homework – due in October 14, 10:00AM Chapter 4 Homework – due in October 28, 10:00AM (C3) Supply and Demand (continued) / Elasticity Reading: Mankiw, “The Market Forces Of Supply And Demand,” Chapter 4. Reading: Mankiw, “Elasticity and It’s Application,” Chapter 5. Chapter 5 Homework – due in November 1, 10:00AM (C4) Elasticity (continued) Reading: Mankiw, “Elasticity and It’s Application,” Chapter 5. Mid-Term #1 －－ Covers Chapters 1-5 of Mankiw Chapter 6 Homework – due in November 15, 10:00AM (C7) Price Ceilings, Floors, and Bans / Market Efficiency Reading: Mankiw, “Supply, Demand, and Government Policies,” Chapter 6 Reading: Mankiw, “Consumers, Producers, and Efficiency of Markets,” Chapter 7 Chapter 7 Homework – due in November 22, 10:00AM (C8) Market Efficiency (continued) / Costs of Taxation 10:30-12:00AM Reading: Mankiw, “Application: The Costs Of Taxation,” Chapter 8 Room (TBA) Chapter 8 Homework – due in November 29, 10:00AM (C9) International Trade/Externalities Reading: Mankiw, “Application: International Trade,” Chapter 9 Reading: Mankiw, “Externalities,” Chapter 10 Chapter 9 Homework – due in December 2, 10:00AM Chapter 10 Homework – due in December 6, 10:00AM (C10) Externalities(continued)/ Public Goods and Common Resources Reading: Mankiw, “Externalities,” Chapter 10 Reading: Mankiw, “Public Goods and Common Resources,” Chapter 11 Mid-Term #2 －－ Covers Chapters 6-10 of Mankiw Chapter 11 Homework – due in December 20, 10:00AM (C11) The Costs of Production Reading: Mankiw, “The Costs of Production,” Chapter 13 Chapter 13 Homework – due in December 31, 10:00AM (C12) Competitive Markets Reading: Mankiw, “Firms in Competitive Markets,” Chapter 14 Chapter 14 Homework – due in January 17, 10:00AM (C13) Monopoly/Oligopoly Reading: Mankiw, “Monopoly,” Chapter 15 Reading: Mankiw, “Monopolistic Competition,” Chapter 16 Chapter 15 Homework – due in January 20, 10:00AM Chapter 16 Homework – due in January 24, 10:00AM (C14) Monopolistic Competition Reading: Mankiw, “Oligopoly,” Chapters 17 Final Exam －－ The final is cumulative, covering all assigned material. However, 60-65% of questions will come from material covered after the second midterm. |
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| Evaluation Methods and Policy |
Homework: 20%, Midterm #1: 20%, Midterm #2: 20％, Final: 40％ Your final course grade will be based on the following weighting scheme: 16 assignments—the 3 lowest grades will be dropped and each of the remaining 13 will be worth 1.5% of the final grade |
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| Course Requirements |
Required Text and Materials The TEXTBOOK for this course is: N. Gregory Mankiw, Principles of Microeconomics, 8th edition. During the course, you will be required to complete homework assignments found on the MINDTAP WEBSITE (https://login.cengagebrain.com/course/). You can purchase an online version of your textbook along with access to MindTap. You can also purchase a hardback version of the textbook for an additional payment. You should download copies of the FILL-IN-THE-BLANK POWERPOINT SLIDES from the course’s website (Class 2 and after). The easiest way to complete the PowerPoint slides is to attend lectures, but they can also be completed using information from the textbook. |
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| Study outside of Class (preparation and review) | Find all reading and homework assignments on the lecture schedule. More details will be available in the classroom | |||
| Textbooks | Textbooks/References |
Principles of Microeconomics, 8th edition., N. Gregory Mankiw Mindtap, Cengage Learning |
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