Intermediate Microeconomics

Intermediate Microeconomics

専門教育科目

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国際商経学部

2年

KCCBG2MCA1

2単位

講義 (Lecture)

2024年度前期

(Spring semester)

權 孝智

国際商経学部

英語

目標10

After Class, in office

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Through engaging lectures, problem-solving exercises, and real-world applications, students will deepen their understanding of microeconomic concepts and develop analytical skills to evaluate economic decisions in diverse contexts. This course aims to equip students with the tools necessary for practicing strategic decision-making, analyzing and interpreting economic phenomena, and fostering critical thinking.

1. Through game theory part, students will enhance their capacity to analyze outcomes of strategic interactions.
2. Students will develop the ability to apply microeconomic concepts to analyze consumer behavior, firm decisions, and market interactions effectively.
3. Students will utilize microeconomic theory to evaluate real-world economic issues, such as market failures and public goods, for informed decision-making as consumers, producers, and citizens.

Microeconomics, Game Theory, Consumer Behavior, Producer Behavior, Behavioral Economics

This intermediate microeconomics course provides students with a comprehensive understanding of social and market interactions through the lens of economic analysis. In the first part of the course, students delve into game theory, decision making, and optimization, gaining insights into how individuals navigate social interactions and institutions. They explore concepts such as property rights, and coordination problems, along with institutional responses. The second part focuses on market interactions, covering topics like market demand, production, cost, and different market structures such as perfect competition, monopoly, and oligopoly.

Week 1: Introduction, Orientation

Part 1. Understanding Social Interactions as an Economist
Week 2: Basic game theory - Coordination problems and Economic Institutions
Week 3: Decision making - Preferences, beliefs, and constraints
Week 4: Optimization - Rational Consumer Choice
Week 5: Property, Power and Exchange - Mutual Gains and Conflicts
Week 6: Coordinaton Failures and Institutional Responses
Week 7: Midterm exam

Part 2. Understanding Market Interactions
Week 8: Market Demand
Week 9: Applications of Rational Choice and Demand Theories
Week 10: Production
Week 11: Cost
Week 12: Perfect Competition
Week 13: Monopoly
Week 14: Oligopoly and Monopolistic Competition
Week 15: Overview
Final exam

* Adjustments to the schedule may be made based on student progress and needs. If it needs, additional lecture may be held in Week 15 if the above content is not covered.
 

Robert H. Frank, Microeconomics and Behavior, McGraw-Hill.
Samuel Bowles & Simon D. Halliday, Microeconomics: Competition, Conflict, and Coordination, Oxford.

David Besanko & Ronald Braeutigam, Microeconomics, Wiley.
Hal R. Varian, Intermediate Microeconomics, Norton.

【Preview】Students are encouraged to read in advance lecture note (30 minutes).
【Review】Students are encouraged to review the lecture notes and solve the problem sets which will be given before tests (120 minutes).

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Grading Criteria: Students who can comprehend and apply basic concepts in microeconomics will be awarded credits based solely on their scores, with grades of S (90 points or higher), A (80 points or higher), B (70 points or higher), and C (60 points or higher).

Grading Methods: The evaluation will be determined by a midterm test (40%), a final examination (50%), and class participation (10%).

via Universal Passport

Ensure that students have successfully completed Microeconomics 1 and Microeconomics 2, to ensure they have the necessary foundational knowledge for the intermediate course. And also emphasize the importance of possessing basic mathematical skills, especially in algebra and calculus, as these skills are essential for understanding and applying the analytical concepts in intermediate microeconomics.

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