Introduction to Economics-E2
| Numbering Code | U-LAS06 10018 LE43 | Year/Term | 2022 ・ Second semester | |
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| Number of Credits | 2 | Course Type | Lecture | |
| Target Year | Mainly 1st year students | Target Student | For all majors | |
| Language | English | Day/Period | ||
| Instructor name | Not fixed (Kyoto University) | |||
| Outline and Purpose of the Course |
This course is an introduction to economics, covering essential economic concepts (gains from trade, marginal costs, solutions to basic economic models) in both a qualitative and a quantitative manner. The purpose of the course is to give students an understanding of economic concepts and methods which they can then take to further, more detailed, study of the subject. |
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| Course Goals |
~ To introduce important economic concepts and illustrate these with examples. ~ To give some ability to consider real world phenomena through economic thinking. ~ To prepare students for further study of economics. |
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| Schedule and Contents |
Each week part of the textbook or other relevant readings will be covered in class. It is essential that before attending class you read the relevant chapters and articles and watch the online lectures provided. The course consists of the following 7 topics, each of which will be (approximately) covered in 2 time blocks (3 hours of class time): 1. Gains from trade. 2. Demand and supply. 3. Production, equilibrium and welfare. 4. Perfect competition and monopoly. 5. Monopolistic competition and oligopoly. 6. Market failure, taxes and subsidies. 7. Public goods and common resources. Total： Approximately 14 classes, 1 Feedback session (i.e. 15 lectures per semester, excluding examinations). The course yields two credits. |
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| Evaluation Methods and Policy | Grading (100%) will be based on quizzes and tests administered throughout the semester. | |||
| Course Requirements | None | |||
| Study outside of Class (preparation and review) | The assigned chapters of the textbook, as well as any other readings assigned in class, should be read each week. | |||
| Textbooks | Textbooks/References | Essentials of Microeconomics, Bonnie Nguyen and Andrew Wait, (Routledge), ISBN:978-1138891364 | ||
