日本語

Course Code etc
Academic Year 2024
College College of Economics
Course Code BX437
Theme・Subtitle Introduction to Micro- and Macro-economics
Class Format Face to face (all classes are face-to-face)
Class Format (Supplementary Items)
Campus Lecture
Campus Ikebukuro
Semester Spring Semester
DayPeriod・Room Tue.1・5507
Credit 2
Course Number ECX2111
Language English
Class Registration Method Course Code Registration
Grade (Year) Required 配当年次は開講学部のR Guideに掲載している科目表で確認してください。
prerequisite regulations
Acceptance of Other Colleges 履修登録システムの『他学部・他研究科履修不許可科目一覧』で確認してください。
course cancellation 〇(履修中止可/ Eligible for cancellation)
Online Classes Subject to 60-Credit Upper Limit
Relationship with Degree Policy 各授業科目は、学部・研究科の定める学位授与方針(DP)や教育課程編成の方針(CP)に基づき、カリキュラム上に配置されています。詳細はカリキュラム・マップで確認することができます。
Notes
Text Code BX437

【Course Objectives】

The course is gentle introduction to economics, by surveying two key branches of economics, i.e. micro- and macro-economics.

【Course Contents】

The course is an overview of two key branches of economics, i.e. micro- and macro-economics. The course will blend basic concepts from textbooks, supplemented with recent news articles to illustrate these concepts. As illustration, we will apply these concepts to the real world in a conceptual and non-technical way.
For microeconomics, we study the basic workings of a market, how demand and supply of a product determine price, using the tools of demand and supply curves, to understand price elasticity and product substitution. We generalise from single product analysis to study market structure: perfect competition, monopolies, and oligopolies. We consider how government policy can distort markets when price ceilings or floors are imposed, and result in externalities or unintended consequences. We apply this demand-supply analysis to the oil market and recent events resulting from western sanctions on Russian oil and gas, and the role of oligopolies such as OPEC+.
For macroeconomics, we study the basic problems of the domestic economy, i.e. the fundamental problem of maintaining growth, full employment and managing inflation. We learn about policy tools such as fiscal and monetary policy and the prescriptions by famous economists such as Keynes and Friedman on how to avoid recessions. We also observe how many governments have misapplied these policies to result in the current situation of stagnant growth with inflation and high government debt. We review the economic history of booms, busts and asset bubbles of the last few decades, and ponder the likelihood of a financial crisis in the near future.
After the class, students will have a basic understanding of micro- and macro-economic concepts and how they are applied in the real world in a non-technical way

※Please refer to Japanese Page for details including evaluations, textbooks and others.