| Course Name | Year | Term | Period | Faculty / Graduate School | All Instructors | Credits |
|---|---|---|---|---|---|---|
| 51006:Microeconomics for Policy Studies (P) | 2024 | Spring | Wed5 | College Of Policy Science | MORI KOICHIRO | 2 |
Campus
Class Venue
Language
Course Outline and Method
Student Attainment Objectives
(1) Understand fundamental theories on microeconomics (e.g. marginal decision rule, efficiency, opportunity cost, price mechanism, elasticity, comparative advantage, and so on);
(2) Apply normative theories to policy analyses in the practical context; and
(3) Explain and discuss real economic phenomena and policies based on microeconomic theories.
Recommended Preparatory Course
Course Schedule
| Lecture/Instructor（When there are multiple instructors) | Theme |
|---|---|
| Keyword, References and Supplementary Information | |
| 1 | Introduction: Choice, Opportunity Costs, Scarcity. |
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| 2 | Choices of Production: Production Possibilities Curve, Trade-off, Comparative Advantage. |
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| 3 | Demand and Supply: Changes in Demand and Supply, Equilibrium. |
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| 4 | Applications of Demand and Supply: Price Floors and Ceilings, Market for Health Care Service. |
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| 5 | Elasticity: Price Elasticity of Demand, Income Elasticity of Demand, Cross Price Elasticity of Demand, Price Elasticity of Supply |
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| 6 | Practical Session 1 |
Practical questions will be provided. Students are required to answer them, and explain them in front. |
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| 7 | Efficiency in Markets: Producer and Consumer Surplus, Efficiency vs. Equity, Market Failure. |
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| 8 |
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| 9 | Production and Costs: Short-run Production, Marginal and Average Product, Increasing, Diminishing Returns, Long-run Production. |
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| 10 | Competitive Markets: Perfect Competition, Economic Profit. |
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| 11 | Practical Session 2 |
Practical questions will be provided. Students are required to answer them, and explain them in front. |
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| 12 | Monopoly: Economies of Scale, Sunk Cost, Marginal Revenue, Deadweight Loss. |
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| 13 | Imperfect Competition: Monopolistic Competition, Oligopoly, Collusion, Game Theory. |
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| 14 | Practical Session 3 |
Practical questions will be provided. Students are required to answer them, and explain them in front. |
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| 15 | Revision and Final |
Revision session will provided shortly, and you need to take the final exam. |
Class Format
Recommendations for Private Study
Grade Evaluation Method
| Kind | Percentage | Grading Criteria etc. |
|---|---|---|
| Final Examination (Written) | ||
| Report Examination (A report to be submitted by the unified deadline) |
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| Exams and/or Reports other than those stated above, and Continuous Assessment (Evaluation of Everyday Performance in Class) |
100 | You need to answer quizzes in every class on the contents you have learned in the previous classes, and take a final exam in the last class. Logical and thorough answers with relevant graphs/diagrams are highly evaluated. In addition, your class contributions will also be assessed. You will have opportunities to answer questions and discuss related topics in the classes. |
Grade Evaluation Method （Note）
Advice to Students on Study and Research Methods
Textbooks
| Title | Author | Publisher | ISBN Code | Comment |
|---|---|---|---|---|
| Principles of Economics | PDF is downloadable from the following site. http://www.saylor.org/site/textbooks/Principles%20of%20Economics.pdf |
Textbooks （Frequency of Use, Note）
Reference Books
| Title | Author | Publisher | ISBN Code | Comment |
|---|---|---|---|---|
| Intermediate Microeconomics | Varian, H. | Norton |
Reference Books （Frequency of Use, Note）
Web Pages for Reference
How to Communicate with the Instructor In and Out of Class(Including Instructor Contact Information)
Other Comments
URL:http://www.ritsumei.ac.jp//students/pathways-future/course/curriculum.html