Syllabus data

Teacher name ： Kazuhiko MIKAMI
Course Title
Economic Policy
Course Title in English
Economic Policy
Course Type
Major Courses
ー
Eligible Students
School of Economics and Management
Target Grade
All
Course Numbering Code
KCCBG1MCA1
Credits
2.00Credits
The course numbering code represents the faculty managing the subject, the department of the target students, and the education category (liberal arts / specialized course). For detailed information, please download the separate manual from the upper right 'question mark'.
Type of Class
講義 (Lecture)
Eligible Year/Semester
Fall semester 2026
(Fall semester)
Instructor
Kazuhiko MIKAMI
Affiliation
School of Economics and Management
Language of Instruction
English
Related SDGs
N/a
Office Hours and Location
Monday 12:20-12:50 at Research Building I, Room 205 (Please make a reservation by email)
Contact
mikami (at) em.u-hyogo.ac.jp

Corresponding Diploma Policy
A double circle indicates the most relevant DP number and a circle indicates the associated DP.
Corresponding Undergraduate School DP
1◎／2〇
Corresponding Graduate School DP
ー
Corresponding University-Wide DP
N/a
Academic Goals of Teacher Training Course
ー

Course Objectives and Learning Outcome
This course provides an understanding of the organizational form of enterprise, especially focusing on cooperative firms in comparison to capitalist firms (which are roughly the same as conventional for-profit companies).

We ask such questions as: “How do cooperative firms differ from capitalist firms?” and “What are the advantages and disadvantages of cooperative firms?” Students are expected to obtain the knowledge and ability to answer these questions by themselves.
Subtitle and Keywords of the Class
Subtitle： Institution of business enterprises
Keywords： business enterprise, capitalist company, cooperative
Course Overview and Schedule
I　Contents of the lecture
This course provides a microeconomics-based theory of business enterprises.

II　Course schedule
1 Orientation: Explaining the purpose and contents of this course
2 Introduction (Keywords: capitalism, capitalist company, cooperative)
3 Types of enterprises (Keywords: capitalist firm, cooperative firm)
4 Goods and services market: Overview (2) (Keywords: goods and services market, market failure)
5 Market power (Keywords: monopoly, monopsony)
6 Asymmetric information (Keywords: adverse selection)
7 Review (1)
8 Exam (1) (Online, open book)
9 Market for shares (Keywords: share market)
10 Capital market (Keywords: capital market, market failure)
11 Raising equity (Keywords: capital procurement, equity)
12 Institutional design (Keywords: business law)
13 Conclusion (Keywords: theory, practice)
14 Review (2)
15 Exam (2) (Online, open book)
In-person/Remote Classification
Hybrid (In-person)
Implementation Method and Remote Credit Limit Application
• Classes combining in-person and remote formats
• Class hours: in-person ≥ remote, and since remote does not exceed in-person, not subject to the cap on distance-education credits
Uses of Generative AI
Fully permitted
Precautions for using Generative AI
When using generative AI, please pay attention to the contents described in “Guidelines on the Use of Generative AI in Education at the University of Hyogo (For Students)”.
Textbook
Kazuhiko Mikami, Cooperatives and the Market Economy, Springer, October 2025 (available at the library)            
                      
References

(1) H. Hansmann, The ownership of enterprise, Harvard Univ, Press, 1996.

(2) G. Dow, Governing the firm, Cambridge Univ. Press, 2003.

(3) K. Mikami, Enterprise forms and economic efficiency, Routledge, 2011.

(All available at the library)

Contents and Estimated Time for Pre- and Post- Learning (Preparation and Review)

Preparation: Reading assigned materials, 30h

Review: Reviewing materials, 30h
Contents of Active Learning
Not used.
Grading Criteria and Methods
(Evaluation criteria)
Credit hours are provided based on the understanding of the course contents and grades S（90 or higher), A (80-89), B (70-79), C (60-69), and D (59 or lower).

(Evaluation method)
Grades are based on the two online, open book exams.

How to Disclose Assignments and Exam Results
Sample answers for the exams will be provided in the Universal Passport.
Precautions and Requirements for Course Registration
Students are required to have basic knowledge of microeconomics and mathematics.
Practical Education
Not applicable.
Remarks
In cases where any differences arise between the English version and the original Japanese version, the Japanese version shall prevail as the official authoritative version.