Basic Microeconomics
Faculty
Description
This course introduces you to microeconomic concepts and ideas. It provides the basic economic models of consumers, firms, and related government policies. Throughout the course, we learn not only economic results driven by economic agents in markets (e.g., the price increase of gas leads to the decrease of gas consumption), but also learn how pricing decision is made, what the motivation for gas producers to increase price is, what other factors may affect prices, what policy may be applied to each case. By doing so, this course promotes problem solving and critical thinking in areas of theory and policy. Therefore, it also emphasizes the integration of real-world examples. So I expect you to keep up with economic news in Nihon Keizai shimbun or any other keizai newspaper.
This course does not require Calculus as a prerequisite, but knowledge of Calculus will be useful. Therefore, in the beginning of the semester, review of Calculus that we will use over the semester will be provided by the teaching assistant.