| Number | 901 |
| Subject | PRICE THEORY |
| Title | Price Theory and Applications |
| Offered this year |
Yes |
| Instructor |
Prof. Yuko ARAYAMA
|
| Format | Seminar |
| Term offered | 1st semester |
| Open to years | M1 & M2 |
| Schedule | Fri 1 |
| Credit | 2 |
| Room | Seminar Room 5,(4th floor,school of economics) |
| 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. |
| Textbooks | Jack Hirshleifer et. Price Theory and Applications, Seventh Edition. |
| Additional references |
Donald N. McCloskey The Applied Theory of Price (Available through Internet) |
| Evaluation | Will be evaluated by mid-term examination and term paper. |
| Prerequisites | Be prepared and have no regrets. |