Microeconomics II |
ISHI, Ryosuke |
| Compulsory Elective 2 credits |
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【Department of Tourism Management】
15-1-1110-3808-14A |
| １． |
Course Description |
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This course introduces supply and demand and the basic forces that determine an equilibrium in a market economy. Students will learn a framework about consumer and producer behavior with the terminology and analytic principles used in microeconomics, by intuitions such as market equilibrium, stability of equilibria, Walrasian, Marshallian and cobweb tatonnement adjustment processes, monopoly market, deadweight loss, price discrimination, price competition in an oligopoly market, positive and negative externalities, Pigovian tax, and public goods.
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