| Course Name | Year | Term | Period | Faculty / Graduate School | All Instructors | Credits |
|---|---|---|---|---|---|---|
| 15184:IR18‐DE103 Economics for Global Studies (RA) § 15185:IR-AS103 Introduction to Economics (RA) § 15186:RUIR-1213 Economics for Global Studies(RA) | 2023 | Spring | Wed2 | College Of International Relations | TOKUMARU HIROSHI | 2 |
Campus
Class Venue
Language
Course Outline and Method
The classes consist of lectures, presentations and discussions on the foundations of economic principles. Topics include (but are not limited to) supply and demand, elasticity, national income accounting, fiscal and monetary affairs, economic growth, the balance of payments, and exchange rates.
This course will keep a non-technical profile; mathematical skills beyond simple algebra and graphical analysis are not required.
This course employs the instructor's practical knowledge of economic management, based on his work experience at the Bank of Japan, the International Monetary Fund, and the World Bank.
The course content/schedule will be revised, if such adjustment helps to better serve the educational needs of the class.
Student Attainment Objectives
1) demonstrate understanding of basic economic principles;
2) analyze economic data;
3) apply economic theory to real-world problems.
Recommended Preparatory Course
Course Schedule
| Lecture/Instructor（When there are multiple instructors) | Theme |
|---|---|
| Keyword, References and Supplementary Information | |
| 1 | Introduction and Overview of the Course |
macroeconomics, marginal analysis, market, microeconomics, model, opportunity cost, price |
|
| 2-3 | Supply and Demand |
ceteris paribus, demand curve, equilibrium, perfect competition, supply curve |
|
| 4 | Elasticity and Consumer and Producer Surplus |
consumer surplus, deadweight loss, price elasticity, producer surplus |
|
| 5 | International Trade |
absolute advantage, comparative advantage, free trade, gains from trade, production possibility frontier (PPF) |
|
| 6-7 | Measurement of the Macroeconomy |
consumer price index (CPI), deflation, gross domestic product (GDP), inflation, investment, saving, unemployment rate |
|
| 8 | Aggregate Demand and Aggregate Supply |
aggregate demand curve, aggregate supply curve, negative supply shock, oil crisis, policy dilemma |
|
| 9-10 | Money, Interest Rates, and Monetary Policy |
central bank, money stock, open-market operations, present value, risk |
|
| 11 | Fiscal Policy |
externality, public debt, public goods, social security, taxation |
|
| 12-13 | Open Economy |
balance of payments, current account, exchange rate, financial account, foreign exchange market |
|
| 14 | Economic Growth and Development |
infrastructure, human capital, labor productivity, research and development, technological progress |
|
| 15 | Firm Level Decisions under Perfect Competition and Imperfect Competition |
marginal cost, marginal revenue, monopolistic competition, monopoly, oligopoly |
Class Format
During the suspension period of BCP, classes will be as described in BCP levels 0-2.
The class Format for each class will be announced on manaba+R’s course news. Also, the class format for the first class will be notified on manaba+R’s course news before the first class(*).
For “Special Consideration”, please check manaba+R’s College of IR Student Page and the “Study Support Site”.
College of IR Student Page：https://ct.ritsumei.ac.jp/ct/course_1728150
Study Support Site：https://www.ritsumei.ac.jp/pathways-future/eng/
(*)To check the class format for the first class of the course, you will need to apply for the “early use request function.” Refer to the Registration Guidebook AY 2023 for details. Please be careful that applying for the early use request does not sign you up for the course. You will need to register for courses during the designated period separately.
Recommendations for Private Study
There will be several in-class or online quizzes, which will count toward the grade. Online quizzes will be made available through manaba+R.
Students are encouraged to review what they have learned in class; each new section of this course will be based on the contents learned in the earlier sessions. This will ensure that students build up their knowledge and benefit from the course at the maximum.
Students are encouraged to keep themselves up-to-date through newspapers such as the Wall Street Journal, the Financial Times, and the Nikkei Asian Review.
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 | Term paper - 70%
|
Grade Evaluation Method （Note）
The paper will count for 70% (70 points) of the whole grade. What students turn in should represent his/her own work that provides evidence of his/her understanding the concepts, theories and ideas developed in the course. Instructions for the paper will be provided in class.
Students can earn up to 15 points (15% of the grade) by successfully completing short answer quizzes. These quizzes will be designed to help students understand key topics. Each quiz will take no more than 15 minutes.
Class participation will count for 15% (15 points) of the grade. Attendance will be taken and it will be a part of the whole grade.
Advice to Students on Study and Research Methods
Regular attendance is not required but strongly recommended. In this course, each new section will be based on the concepts learned in the earlier sections. Students will be unable to understand the current lectures unless they understood the previous lectures. In addition, students should be responsible for any notes and announcements that he/she may have missed if he/she fails to attend class.
In order to run the class smoothly, disturbing behavior will not be tolerated. All students are expected to conduct themselves with courtesy, diligence, honesty, and integrity.
Students should be honest in all of their academic work. Evidence of academic misconduct such as cheating, plagiarism, and false attendance may result in an F-grade and/or an academic disciplinary action in accordance with the College's rules.
The official language of this course is English. Students may communicate with the instructor in Japanese outside/after class.
The course materials are for your own use and may not be publicly disclosed in any form or manner whatsoever.
Manaba+R will be used for general class announcements. Class cancellations/changes will be posted on Manaba+R.
Students who may need special consideration and/or have concerns with the class are encouraged to contact the instructor at his/her earliest convenience to discuss his/her needs with the College Office and the Office of Student Affairs as necessary.
Textbooks
Textbooks （Frequency of Use, Note）
Reference Books
| Title | Author | Publisher | ISBN Code | Comment |
|---|---|---|---|---|
| Issues in Economics Today | Guell, Robert C. | New York: McGraw-Hill Education | 978-0-07-802181-7 |
Reference Books （Frequency of Use, Note）
Web Pages for Reference
International Monetary Fund http://www.imf.org
Japan External Trade Organization http://www.jetro.go.jp
Ministry of Economy, Trade and Industry http://www.meti.go.jp
Ministry of Finance http://www.mof.go.jp
Organization for Economic Co-operation and Development http://www.oecd.org
World Bank http://www.worldbank.org
World Trade Organization http://www.wto.org
How to Communicate with the Instructor In and Out of Class(Including Instructor Contact Information)
Other Comments
URL:https://secure.ritsumei.ac.jp/students/pathways-future/course/curriculum.html/