| Course Name | Year | Term | Period | Faculty / Graduate School | All Instructors | Credits |
|---|---|---|---|---|---|---|
| 13023:[2025 Fall]IR18‐EE223 Microeconomics (RB) § 13024:RUIR-2212 Microeconomics(RB) | 2025 | Fall | Mon2 | College Of International Relations | YANE HARUKA | 2 |
Campus
Class Venue
Language
Course Outline and Method
【+R-Jugyo】
Information for “+R-Jugyo” will be posted on the “Course News” on manaba+R by September 20. Be sure to check the “Course News” on manaba+R.
Student Attainment Objectives
1. The ability to apply core microeconomic principles and theories to real-world issues;
2. The ability to determine market equilibrium and welfare;
3. The ability to evaluate the effectiveness of policy programs using economic techniques;
4. Better understanding of human decision making.
Recommended Preparatory Course
Course Schedule
| Lecture/Instructor（When there are multiple instructors) | Theme |
|---|---|
| Keyword, References and Supplementary Information | |
| 1 | Course Overview, Essence of Economics |
Aims and structure of this course, Principles of economics, Incentives, Cost-benefit principle, Opportunity costs, Sunk costs, Decision making
|
|
| 2 | Supply and Demand |
Demand curve, Demand function, Supply curve, Supply function, Invisible hand, Market equilibrium, Substitutes, Complements |
|
| 3 | Consumer and Producer Surplus |
Consumer surplus, Producer surplus, Gains from trade |
|
| 4 | Price Controls and Quotas |
Market intervention, Price floor, Price ceiling, Policy effects on the Supply-and-Demand model, Efficiency, Equity |
|
| 5 | Elasticity |
Elasticity of demand, Elasticity of supply |
|
| 6 | Taxes |
Trade-off, Efficiency, Equity, Dead weight loss, Role of the government |
|
| 7 | International Trade |
Gains from trade, Comparative advantage, The effects of trade protection |
|
| 8 | Decision Making |
Economic profit, Explicit costs, Implicit costs, Opportunity cost, Sunk cost, Behavioral economics |
|
| 9 | The Rational Consumer |
Utility function, Marginal analysis, Marginal utility per dollar, Indifference curves, Budget constraint, Income effect, Substitution effect, Indifference curves |
|
| 10 | The Producer: Behind the Supply Curve |
Production function, Diminishing returns, Variable cost, Fixed cost, Average total cost, Marginal cost |
|
| 11 | Perfect Competition |
Perfectly competitive market, Break-even price, Zero-profit condition, Shut-down price |
|
| 12 | Public Policy |
Externalities, Public goods, Common resources, Welfare state |
|
| 13 | Concluding Session |
Q&A session: All questions need to be posted on the designated LMS page by the specified deadline in order to be covered. |
|
| 14 | Final Examination |
A face-to-face final examination on your understanding of our course content mainly based on problem sets, exercises and discussions covered in class. |
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) |
||
| Exams and/or Reports other than those stated above, and Continuous Assessment (Evaluation of Everyday Performance in Class) |
100 | Final exam (60%)
|
Grade Evaluation Method （Note）
Advice to Students on Study and Research Methods
Textbooks
Textbooks （Frequency of Use, Note）
Reference Books
| Title | Author | Publisher | ISBN Code | Comment |
|---|---|---|---|---|
| Microeconomics | P. Krugman & R. Wells | Worth Publishers | 9781319544744 |
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
Please make sure to include “MICROECONOMICS” in the subject.
URL:https://secure.ritsumei.ac.jp/students/pathways-future/course/curriculum.html/