Numbering Code	U-ENG23 33524 LE73	Year/Term	2022 ・ First semester
Number of Credits	2	Course Type	Lecture
Target Year		Target Student
Language	English	Day/Period	Thu.1
Instructor name	TATANO HIROKAZU (Disaster Prevention Research Institute Professor) MATSUSHIMA KAKUYA (Graduate School of Engineering Associate Professor) KOTANI HITOMU (Graduate School of Engineering Assistant Professor)
Outline and Purpose of the Course	The purpose of this lecture is to understand the basic concept of micro economics to evaluate infrastructure projects. For the sake of this purpose, the detailed concept of micro economics is explained including the function of the market, the behaviour of firms and consumers, and the methodology to evaluate the social welfare is explained. The concept of market failure and policies to conquer it are also explained. Finally, cost benefit analysis which is wildy used to evaluate the efficiency of infrastracture is explained with economical aspects of infrastructure.
Course Goals	To understand the basic concept of micro economics for project evaluation of infrastructure
Schedule and Contents	Introduction,1time,The outline of this course, the role of public Consumers' behaviour,2times,Consumers' behaviour model (the preference of household, utility, utility maximisation behaviour, demand function, compensated demabd function, Slutsky equation, aggregated demand fuction, welfare measures and their feature ) Exercise (1),1time,Exercise related to above three lectures Firms' behaviour,2times,Firms' behaviour (technology, production function, profit maximisation behavior, cost minimisation behaviour, cost function and supply function, market structure and firms' behaviour) Exercise (2),1time,Exercise related to above three lectures Perfect Comititive Market,1time,Perfect competitive market, the difference between general equiribrium and partial equiribrium, Pareto effciency Imperfect Competition,1time,Monopolistic Market, Oligopoly Market Measurement for Economic Evaluation,1time,Consumers' surplus, Producers' surplus, social surplus, equivalent variation, compensating variation Externality,1time,The concept of externalities, its mechanism and variation, policy to internalise externalities Public Goods,1time,The feature of public goods, Samuelson condition Exercise (3),1time,Exercise related to above three lectures Cost Benefit Analysis,1time,The concept of cost and benefit, social discount rate, evaluation index, cost benefit analysis and financial analysis, quantification of the benefit, the way of pjofect evaluation from the viewpoint of engineers' ethic ,1time,
Evaluation Methods and Policy	Final Exam: 70-80%, Reports during classes: 20-30%
Course Requirements	Students are supposed to have earned a credit for "Systems Analysis and Exercises for Planning and Management"
Study outside of Class (preparation and review)	It is advisable to read the corresponding parts of the textbook in advance.
Textbooks	Textbooks/References	Hal R. Varian: Intermediate Microeconomics : A Modern Approach, seventh Edition, W. W. Norton & Company, 2014 isbn{}{9780393919677}
Related URL