Microeconomics

Faculty

SUZUKI, Michio

Credit / Semester / Schedule / Language

4 Credits / Summer / Monday Period: 2 / Thursday Period: 3 / English

Objectives/Overview

The objective of this course is to provide a systematic introduction to basic parts of microeconomic theory that are essential for any applied economic work. The following topics will be covered: consumer and producer theory, partial equilibrium, general equilibrium, imperfect competition, externalities, public goods, and information. Special emphasis will be given to how to use the basic theories to think about economic issues in the real world.

Keywords

Microeconomics, Consumer, Firm, Market, Competition, English

Teaching Methods

In each class, the instructor gives a lecture on course materials based on a specified textbook and lecture notes. Practice questions and quizzes will be given, so that students can check their understanding of the course materials.

Grading

Quiz (40%), Midterm exam (30%), Final exam (30%)

Required Text

Varian, H. (1992), Microeconomic Analysis, Third Edition, WW Norton & Company.

Reference Books

Jehle, G. A., and P. J. Reny (2000), Advanced Microeconomic Theory, Second Edition, Addison-Wesley.