2025 (Current Year) Faculty Courses Liberal arts and basic science courses Humanities and social science courses
Special Lecture:Introductory Economics
- Academic unit or major
- Humanities and social science courses
- Instructor(s)
- Qizhong Yang
- Class Format
- Lecture (Face-to-face)
- Media-enhanced courses
- -
- Day of week/Period
(Classrooms) - Intensive
- Class
- -
- Course Code
- LAH.S116
- Number of credits
- 100
- Course offered
- 2025
- Offered quarter
- 2Q
- Syllabus updated
- Mar 19, 2025
- Language
- English
Syllabus
Course overview and goals
This lecture is open to all students interested in economics, with or without prior knowledge. The course covers the basic knowledge of microeconomics, macroeconomics, and econometrics. Microeconomics is a branch of eonomics that deals with economic units such as individuals, households, and businesses that are the smallest unit. Macroeconomics is another branch that studies economic phenomena of the entire country, tabulating economic activities such as GDP and unemployment. Econometrics is the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference. The goal of this course is to guide students to think about various economic phenomena in daily life as economists.
Course description and aims
The objective of this course is to acquire the following abilities.
1) Understand the behavior of consumers and producers in microeconomics and the basics of game theory
2) Understand the major indicators in macroeconomics and the relationship between total demand and supply of the country
2) Understand the basics of statistics and the necessity of causal inference in econometrics
Keywords
Microeconomics, Macroeconomics, Econometrics
Competencies
- Specialist skills
- Intercultural skills
- Communication skills
- Critical thinking skills
- Practical and/or problem-solving skills
Class flow
This is the three-day intensive course (regular face-to-face class) lecture that is conducted in English.
Active learning methods and reporting topics will be actively adopted in order to encourage students' independent learning.
Reports include those to be solved in class and those to be submitted after class (In principle, the deadline is 23:59 of the next day of the lecture day).
Inquiries can be received through lecture mailing lists, bulletin boards, and collaboration tools (e.g. Slack).
Information is shared with all participants at any time through the tools above, such as problem solving and consultation, as needed.
Students will receive feedback based on the understanding of the course content.
To enhance effective learning, students are encouraged to spend approximately 100 minutes preparing for class and another 100 minutes reviewing class content afterward (including assignments).
They should do so by referring to course material.
Class is scheduled as follows;
Aug 6th (Wed): Class 1 (period 1-2), Class 2（period 3-4）
Aug 7th (Thu): Class 3 (period 1-2), Class 4（period 3-4）
Aug 8th (Fri): Class 5 (period 1-2), Class 6（period 3-4), Class7 (period 5-6)
Information on the lecture room will be announced as soon as it is decided.
Course schedule/Objectives
| Course schedule | Objectives | |
|---|---|---|
| Class 1 | Microeconomics: consumer theory and producer theory | The outline of this course Understand the deciding mechanisms of consumer and producer behavior. |
| Class 2 | Microeconomics: demand and supply, market equilibrium | Understand the concept of market supply and demand, market equilibrium. |
| Class 3 | Microeconomics: game theory | Understand the concept of game theory and market equilibrium. |
| Class 4 | Macroeconomics: GDP and the principle of equivalent of three aspects | Understand the concept of GDP, and the essence of the principle. |
| Class 5 | Macroeconomics: IS-LM model and AD-AS model | Understand the derivation and application of IS-LM model and AD-AS model. |
| Class 6 | Econometrics: the basics/ the application | Understand the concept of econometrics and causal inference. |
| Class 7 | Final exam |
Study advice (preparation and review)
Textbook(s)
None required. Handouts will be distributed before the lecture.
Reference books, course materials, etc.
1) N. Gregory. Mankiw. 1997. "Principles of Economics". Cengage.
2) Jeffrey M. Wooldridge. 2000. "Introductory Econometrics: A Modern Approach (7th)". Cengage.
**The old versions of these books are acceptable.
Evaluation methods and criteria
Final exam: 70%
Quiz/Homework: 30%
Related courses
- LAH.S109 ： Economics A
- LAH.S209 ： Economics B
- LAH.S310 ： Economics C
- LAH.S407 ： Essence of Humanities and Social Sciences7:Economics
Prerequisites
None required
Other
This is an intensive course. If acquiring credits for this course is related to your own graduation, eligibility for undergraduate major affiliation or for independent research project for the Bachelor's Degree, please keep the following two points in mind and fully understand the risks before taking this course.
- Intensive courses are held in a short period of time, and since there are many classes per day, as a general rule, it is not possible to take excused absences.
- There is a possibility that grades will not be reported in time for graduation decisions.