| Number | 901 |
| Subject | TBA |
| Title | Price Theory and Applications |
| Offered this year |
No |
| Instructor |
Prof. Yuko ARAYAMA
|
| Other instructors |
['Prof. Yoshiharu Matsuura (guest', 'Law Faculty)'] |
| Format | Seminar |
| Term offered | 1 & 2 (flexible class schedule) |
| Open to years | M1 & M2 |
| Credit | 2 |
| Course outline |
A simple economy consists of households, firms and government. Market is manmade device to connect them each other. Price theory is serving as a tool to analyze functions of household and firm behaviors. This course is intending not only to promote understanding basic economic theory but to enhance a sense of practical applications of price theory toward the real world. |
| Additional references |
Jack Hirshleifer et al., Price Theory and Applications (Cambride Univ. Press, 7th ed., 2005) Donald N. McCloskey, The Applied Theory of Price (Available through Internet) |
| Evaluation | Will be evaluated by mid-term examination and term paper. |
| Remarks | Be prepared and have no regrets. This course will cover two semesters. |