MicroeconomicsⅢ
TeachersMIZOGUCHI, Yoshihiro
Grade, SemesterYear 2 2nd semest [Department of Regional Economics, Faculty of Economics]
CategoryMajor Course: Basic
Elective, CreditsElective Requisites 2credit
 Syllabus Number8C204

Course Description

This is a lecture course on basic and intermediate level microeconomics and basic level of industrial organization. Those who registered for this course are expected to have credit of " Introductory Economics", " Microeconomics I", and " Microeconomics II". At first part, we shall review monopoly and oligopoly. After that, topics about basic level of industrial organization will be lectured. Potential topics are as follows; vertical integration, economic effects of entry, cartels and mergers, economic effects of advertisements, and economic effects of research and developments.

Course Objectives

There are two objectives in this course. The first objective is to learn intermediate microeconomics and basic level of industrial organization. The second is to apply the knowledge learned through the lectures in order to understand the property of economic decisions. Also, those who register for this course are expected to use the knowledge learned in the lectures in order to understand the efficiency of market systems.

Grading Policy

Grades will be assessed on homework and final exams. The following two conditions are needed to obtain the credits. One is to submit homework that meets certain standards. The other is taking the final exam and score more than a certain level.

Textbook and Reference

KindTitleAuthorPublisher
TextbookSpecific textbook is not used. In this course, we use LMS to distribute the materials. We will teach based on the materials.

References

Requirements(Assignments)

The preparation required for this course is as follows.
-Depending on the progress of the course, download the materials from the LMS and read the downloaded materials.
-As far as possible, refer to the references for the details of the contents described in the materials and the words you do not understand.

The review required for this course is the following:
-Review the materials and notes which is taken during class.
-Read the bibliography about the subjects you do not understand or you are interested.
-When homework is given, please complete and submit them.




Note

Schedule

1Guidance
2Cost of production, elasticity, and surplus
3Behavior of the firm under monopoly
4Vertical integration
5Quantity competition
6Price competition and strategic complements
7Natural monopoly and contestable market
8Cartels and mergers
9Regulations for cartels and efficiency of mergers
10Signaling, brands, and screening
11Advertisements and economic welfare
12Disclosure and governmental regulations
13Technological progress and research and development
14Intellectual property rights
15Wrap-up