Course Name Year Term Period Faculty / Graduate School All Instructors Credits
13021:[2025 Spring]IR18‐EE223 Microeconomics (RA) § 13022:RUIR-2212 Microeconomics(RA) 2025 Spring Tue3 College　Of　International　Relations WANG TONG 2

Campus

KIC

Class Venue

KOSHINKAN　KS201

Language

英語

Course Outline and Method

【+R-Jugyo】
Information for “+R-Jugyo” will be posted on the “Course News” on manaba+R by April 1. Be sure to check the “Course News” on manaba+R.

This course covers basic microeconomics theories, including consumer choice, the theory of the firm, and the concept of equilibrium. This course also provides instructions on how to apply these theories to practical policy issues in the society. Also, this class will implement the concepts and theories to real world issues to analyze specific cases in economics.

Student Attainment Objectives

Students are expected to understand fundamental microeconomic theory, which can prepare students for further studies and also applied to practical issues. Through solid training in through lectures and problem sets and exams, students are expected to master economic concepts such as supply and demand, consumer theories and supply theories, which not only can be used onto practical issues, but also train students with logical and rigorous thinking patterns for academics.

Recommended Preparatory Course

Course Schedule

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

1. Introduction

Overview of the course, microeconomics, macroeconomics, and their relations.
Logical thinking - causal and causation. What’s economics all about and the root of international conflicts? Scarcity.

2. Budget Constraint

Budget Constraint, Consumption bundle, budget set, budget line. How people make decisions under resource-limits? (Varan Ch 2)

3. Preferences

(Varian Ch 3) Strictly prefer, weakly prefer, complete, reflexive, transitive, indifference curve, marginal rate of substitution

4. Utility

 (Varian Ch 4) Ordinal utility, cardinal utility, marginal utility, Cobb-Douglas

5. Choice

(Varian Ch ５) Optimal choice, boundary optimum, interior optimum, demand function

6. Demand 1: Changes in Income

(Varian Ch 6) Engle curve, normal good, inferior good, Giffen good

7. Demand 2: Income and substitution

(Varian Ch 7) Revealed preference, quasi-linear

8. Midterm Exam

9. Consumer Surplus

(Varian Ch 14) Gross consumer surplus, net consumer surplus, deadweight loss, welfare

10. Technology

 (Varian Ch 18) Capital, production function, technical rate of substitution

11. Profit Maximization

(Varian Ch 19) Profit, factor, isoprofit line

12. Cost minimization

(Varian Ch 20, 21) cost function, average cost function, fixed cost function

13. Firm Supply

 (Varian Ch 22) Producer surplus

14. Final Exam

Class Format

Face to face lectures

Recommendations for Private Study

Recommendations for Private Study

Grade Evaluation Method

Kind Percentage Grading Criteria etc.
Final Examination (Written) 0

Report Examination
(A report to be submitted by the unified deadline)		 0

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

4 problem sets, In class midterm exam, In class final exam

Grade Evaluation Method （Note）

Problem Sets: 20%
Midterm Exam: 35%
Final Exam: 45%

Advice to Students on Study and Research Methods

Textbooks

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)

Talk with Students

Other Comments

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