Schedule code:

Applied Microeconomics[Applied Microeconomics]

Instructor

溝口 哲郎[MIZOGUCHI TETSURO]

Facultieseligible toregister

GraduateSchool ofInternatonal Social Sciences

Studentseligible toregister (first-year students,second-yearstudents, etc.)

1〜2 No. ofcourse credits

2 Languageof instruction

English

Term inwhich course isto be held

Spring Day of the

week and classperiod

Classgroup

Specialnotes

Goals of the course

Applied Microeconomics aims to model economic activities as the interaction of individual economic agents pursuing their private interests.Topics discussed include producer and consumer theory, competitive markets, monopoly, and game theory.Applied Microeconomics itself will give you the basic idea of how markets work and, also, the conditions under which they fail to producean optimal outcome.

Overview of the course

1. Overview of the course: Market, demand and supply2. Producer Theory I: Techonology3. Producer Theory II: Profit Maximization4. Producer Theory III: Cost Maximization5. Producer Theory IV: Cost Curves6. Producer Theory V: Firm Supply, Industrial Supply7. Midterm Examination8. Explanation and Comments: Midterm Examination9. Producer Theory VI: Monopoly10. Producer Theory VII: Factor Market11. Producer Theory VIII: Oligopoly12. Game Theory I: Basic Concepts, strategic game, extensive game, and Nash equilibrium13. Game Theory II: the way to solve several game forms14. Game Theory III: Game Applications I15. Game Theory IV: Game Applications II16. Final Examination

Aims/objectives of the course

This course aims to introduce you to MA graduate-level microeconomic theory and how to apply it to the real economy. To gain a solid training in microecnomics, you are given the opportunity in this course to apply the following five basic analytical frameworks to your research: (1) specification of economic environments, (2) imposition of behavioral assumptions, (3) adoption of economic institutionalarrangement, (4) determination of equilibria, and (5) evaluation of outcomes resulting from an undertaken institution.

Teaching method

Weekly lectures, handouts and problem sets (two or three times in the semester). Although I will mostly follow Varian's textbook withPPT slides, the consecutive lectures will sometimes deviate from the text. Attending the lectures and reading the correspondingchapters from the textbook will help you gain understanding of the concepts. Working on the homework assignments will help youmake the crucial step from understanding the concepts towards being able to solve problems. Learning to solve problems is the key todoing well in this course.

Grading methodology

Assignments (30%), a midterm exam (20%), a final exam (40%), and course attendance (10%).

Textbooks

Textbook1

ISBN 9780393934243

Title Intermediate Microeconomics: A Modern Approach (Eighth Edition)

Author(s) Hal R. Varian Publisher W.W. Norton Year 2009

Textbook2

ISBN 9780393957358

Title Microeconomic Analysis

Author(s) Hal R. Varian Publisher W.W. Norton Year 1992

Additional information on textbooks

Reference books

ReferenceBook1

ISBN 9780273760689

Title Essential Mathematics for Economic Analysis (4th Edition)

Author(s) Knut Sydsaeter andPeter Hammond Publisher Pearson Year 2012

ReferenceBook2

ISBN 9780195102680

Title Microeconomic theory

Author(s) Mas-Colell, Andreuet al Publisher Oxford University

Press Year 1995

Additional information on reference books

I would like to use some part of referenced textbooks to teach several topics of microeconomics.

Pre-requisites and related courses

Knowledge of both basic calculus and linear algebra is a prerequisite for taking this course. I strongly recommend registering for theAutumn Semester course, "Mathematics for Economists."Also, knowledge of undergraduate level course in Microeconomics is desirable. Applied Microeconomics is the course for students who want to apply the basic economic tools to the real economy. Serious students should register for Microeconomics 2.

Keywords

Mathematical modeling, Microeconomics

Remarks 1

The course is for students who want to apply microeconomic theory to the analysis of real economy. I expect students in the MPE courseto register for this course. In addition, you should study the textbook and exercises by yourself. If you are concerned about your mathematical abilities which are a minimum requirement of this course, please consult with me.

Remarks 2

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