Course Name Year Term Period Faculty / Graduate School All Instructors Credits
51024:Regional Economy and Development Ⅷ (P) 2024 Spring Wed1 College　Of　Policy　Science TAKASHINO NINA 2

Campus

OIC

Class Venue

AS451

Language

English

Course Outline and Method

This course is designed to introduce Microeconomics at an intermediate level to policy science students. It starts by reviewing basic knowledge of demand and supply and analysis of competitive markets. The course then discusses market power and economic efficiency.

At the end of each lecture, the instructor will give a mini-test to confirm understanding. Also, the instructor will provide assignments as preparation for the next lecture. Students will be asked to give short presentations and join discussions.

Keywords: consumers, firms, market, efficiency

Student Attainment Objectives

If you complete the course successfully, you should be able to:

1. understand and to Microeconomics at an intermediate level.
2. apply microeconomics to a range of economic policies.
3. understand the basic use of software R for microeconomics.

Recommended Preparatory Course

Courses that will help you understand this lecture:
Foundation Course to Policy Science 3 (Principles of Economics)
Microeconomics for Policy Science.
Statistics

Course Schedule

Lecture/Instructor（When there are multiple instructors) Theme
Keyword, References and Supplementary Information
1

Introduction

economics, consumers, firms, market , price

2

The Basics of Supply and Demand  

supply, demand, equilibrium, elasticity

3

Consumer Behavior

utility, indifference curves, marginal rate of substitution

4

Individual and Market Demand

demand curves, budget line, income and substitution effects

5

R session 1: Introduction to R

install R, data import, mean, variance, t-test

6

Uncertainty and Consumer Behavior

uncertainty, risk preference, expected utility

7

Production

production function, isoquant and isocost lines

8

Summary I

A summing up consumer behavior and production

9

The Cost of Production

average costs, marginal costs, short run, long run

10

Profit Maximization and Competitive Supply

competitive market, profit maximization, producer surplus

11

The Analysis of Competitive Markets

consumer and producer surplus, market failure

12

R session 2: Introduction to Microeconometrics

correlation, OLS

13

Market Power: Monopoly and Monopsony

market power, monopoly, monopsony

14

General Equilibrium and Economic Efficiency

Edgeworth box diagram, equity and efficiency

15

Summary II

A summing up supply and economic efficiency

Class Format

15 classes on Face to Face basis.

Recommendations for Private Study

The instructor provides assignments at the end of each class.
Students think and prepare answers for the next class.
Review class material and contact the instructor if needed.

Grade Evaluation Method

Kind Percentage Grading Criteria etc.
Final Examination (Written)

Report Examination
(A report to be submitted by the unified deadline)

Exams and/or Reports other than those stated above, and Continuous Assessment　
(Evaluation of Everyday Performance in Class)		 100

Mini test: 40%
Summary test: 40%
Class Participation & Discussion: 20%
(assignments, presentations, discussions)

Grade Evaluation Method （Note）

Advice to Students on Study and Research Methods

Textbooks

Title Author Publisher ISBN Code Comment
Microeconomics Pindyck and Rubinfeld Pearson

Textbooks （Frequency of Use, Note）

Reference Books

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)

Learning Management System （manaba+R）,Talk with Students

Other Comments

【科目ナンバリング・カリキュラムマップはこちらから/Click here to see the Curriculum-Map and Course-Numbering】
URL:http://www.ritsumei.ac.jp//students/pathways-future/course/curriculum.html