科目ナンバー

GM-OM1-GC02

履修条件・関連科目等

This course has no specific prerequisites

授業で使用する言語

英語

授業で使用する言語（その他の言語）

授業の概要

This is an introductory course in economic principles that help us understand how an economy functions in today’s society. The course introduces economic reasoning as well as techniques used by economists that can analyze and explain the complex modern economy. The course first deals with coordination mechanism in a market economy and its role, then devotes to the study of macroeconomics as the analysis of the economy at the aggregate level. We also discuss macroeconomic policy issues such as the financial crisis and budget deficit.

科目目的

Upon successful completion of this course, you will be able to:

1. Demonstrate basic understanding of economic theory.
2. Apply basic economic theories to understand current economic issues and evaluate policy options.
3. Understand and use official statistical data to analyze economic issues.

到達目標

Successful students may be able to understand how our world generally works, and to be ready for study advanced economics-related courses.

授業計画と内容

Course contents & schedule (subject to change):

1. Course introduction
• (Before the first class) Purchase a new copy of the textbook, and be ready to sign up for MindTap together in the class
• An overview of the textbook

2. Chapter 1 - Ten principles of economics
• How people make decisions
• How people interact

3. Chapters 1 & 2
• How the economy as a whole works
• Thinking like an economist

4. Chapter 4 - The market forces of supply and demand
• Markets and competition
• Demand
• Supply

5. Chapter 4 - Continued
• Supply and demand together

6. Chapter 24 - Measuring a nation's income
• The economy's income and expenditures
• The measurement of GDP

7. Chapter 24 - Further discussion of GDP
• The components of GDP
• Real versus nominal GDP

8. Chapter 24 - GDP and economic well-being
• Is GDP a good measure of economic well-being?

9. Chapter 24 - Continued
• Review and exercise

10. Chapter 25 - Measuring the cost of living
• The consumer price index

11. Chapter 25 - Continued
• Correcting economic variables for the effects of inflation

12. Chapter 26 - Production and growth
• Economic growth around the world
• Productivity: Its role and determinants

13. Chapter 26 - Continued
• Economic growth and public policy

14. Midterm Review

15. Midterm Exam (Coverage: Chapters 1, 2, 4, 24, 25, 26)

16. Chapter 27 - Saving, investment, and financial system
• Financial institutions in the U.S. economy
• Saving and investment in the national income accounts

17. Chapter 27 - Continued
• The market for loanable funds

18. Chapter 29 - Unemployment
• Identifying unemployment
• Job search
• Minimum wage laws

19. Chapter 29 - Continued
• Unions and collective bargaining
• The theory of efficiency wage

20. Chapter 30 - The monetary system
• The meaning of money
• The Federal Reserve System

21. Chapter 30 - Continued
• Banks and the money supply

22. Chapter 30 - Continued
• The Fed's tools of monetary control

23. Chapter 31 - Money growth and inflation
• The classical theory of inflation
• The costs of inflation

24. Chapter 34 - Aggregate demand and aggregate supply
• Three key facts about economic fluctuations
• Explaining short-run economic fluctuations

25. Chapter 34 - Continued
• The aggregate demand curve
• The aggregate supply curve
• Two causes of economic fluctuations

26. Chapter 35 - The influence of monetary and fiscal policy on aggregate demand
• How monetary policy influences aggregate demand
• How fiscal policy influences aggregate demand

27. Chapter 35 - Continued
• Using policy to stabilize the economy

28. Final Review

授業時間外の学修の内容

授業終了後の課題提出

授業時間外の学修の内容（その他の内容等）

Before attending each class, you are expected to read the textbook. The textbook is one of the best-selling one in the world. You can learn not only the standard principles of economics, but also sophisticated ways of expressing things in English. This course partly uses MindTap, a well-designed companion course software. It provides flashcards, exercises, self-test and many other useful resources that will help your understanding of the course contents.

授業時間外の学修に必要な時間数／週

・毎週１回の授業が半期（前期または後期）または通年で完結するもの。１週間あたり４時間の学修を基本とします。
・毎週２回の授業が半期（前期または後期）で完結するもの。１週間あたり８時間の学修を基本とします。

成績評価の方法・基準

成績評価の方法・基準（備考）

課題や試験のフィードバック方法

授業時間内で講評・解説の時間を設ける

課題や試験のフィードバック方法（その他の内容等）

アクティブ・ラーニングの実施内容

ディスカッション、ディベート

アクティブ・ラーニングの実施内容（その他の内容等）

授業におけるICTの活用方法

その他

授業におけるICTの活用方法（その他の内容等）

This class follows 'BYOD (Bring Your Own Device) Policy' of the Faculty of Global Management, and all participants should bring your own PC which fully satisfies minimum Faculty-recommended specifications (i.e., display screen-size etc). Note that the University prohibits any use of SNS during the lecture, and no course material can be distributed somewhere else outside the class under the copyright-protection, license agreement terms and conditions, and other restrictions.

実務経験のある教員による授業

いいえ

【実務経験有の場合】実務経験の内容

【実務経験有の場合】実務経験に関連する授業内容

テキスト・参考文献等

Required Textbook

Author: N. Gregory Mankiw

Title: "Principles of Economics" 10th Edition
Publisher: Cengage

Make a purchase of a new copy at the university bookstore to have an access code to sign up for MindTap, the course ware of the textbook.

その他特記事項

参考URL