Syllabus for Graduate School of Economics Subject Macroeconomics I (E) Semester, Fall Semester (2 Credits) Date and Period Wednesday, 3rd Period of the class Subject selection Basic Courses Years Instructor Dapeng Cai (Institute for Advanced Research) 1-2 Purpose and aim of the class: This course is designed to introduce students to the workings of the macroeconomic environment. It focuses on the intuitive understanding of theories and their application to macroeconomic issues. During the course, the causes and consequences of issues such as economic growth, inflation, and unemployment, will be examined in depth. Upon successful completion of this course, the students should be able to improve their research ability/application ability in the following sense: 1) understand basic principles of macroeconomics, including national income accounting, aggregate demand and supply, price fluctuations, and fiscal and monetary policies; 2) analyze the current and future impacts of important macroeconomic issues. Class content 1 Introduction 2 Measuring Income and Output 3 Aggregate Supply and Demand 4 Consumption, Saving, and Investment 5 The Keynesian Multiplier Model 6 Fiscal Policy 7 Fiscal Policy, Deficits, and the Public (Case 1: The Great Depression) 8 Money 9 Monetary Policy: Impact on Prices and Output 10 Unemployment: Measurement and Cost (Case 2: The Effects of the Minimum Wage) 11 Inflation: Measurement, Cost, and Sources (Case 3: German Hyperinflation) 12 The Phillips Curve and Inflation 13 Policies for Growth and Stability 14 Summary and Review 15 Exam Evaluation: The grades will be based on two assignments (15% each), a final exam (40%) and class participation (30%). Of the two assignments, one consists of a set of problems, designed to help the students to review relevant theories. The second is a group-assignment, which involves reading an assigned article and writing a 1-2 page critique. The final exam may consist of multiple choices, true/false, and essay questions covering all discussed materials. Direction for preliminary study: Textbooks and Reference books: Textbook: Mankiw, N.G., Macroeconomics (7th/8th revised edition), Worth Publishers/W.H.Freeman, 2009/2012. Reference books: 1) Miller, R.L., Benjamin D.K., North, D.C., The Economics of Public Issues (sixteenth edition), Addison-Wesley, 2010. 2) Rauchway, E., The Great Depression and the New Deal: A Very Short Introduction, Oxford University Press, 2008. Notice to students: The students are expected to 1) read the text and assigned materials carefully; 2) attend all classes and be on time; 3) turn in assignments when they are due. Subject Business History I (E) Semester, Fall Semester (2 Credits) Date and Period Wednesday, 5th Period of the class Subject selection Basic Courses Years Instructor Philip BRYER (Graduate School of Economics) 1-2 Purpose and aim of the class: This lecture fosters the applicable ability through a comparative approach to the development of business in Europe, the USA, and Asia. Specifically, we will examine the history of the business firm and the rise of modern forms of business worldwide. The course also includes supplementary information on issues of special interest and on significant people in business history. Class content 1 Introduction and Overview 2 Preindustrial Businesses 3 The Many Paths to Industrialization 4 British and German Businesses during Industrialization 5 Big and Small Businesses in Industrializing America (part 1) 6 Big and Small Businesses in Industrializing America (part 2) 7 Japanese and Chinese Businesses during Industrialization (part 1) 8 Midterm Exam 9 Japanese and Chinese Businesses during Industrialization (part 2) 10 American, British, and German Businesses in the Interwar Period 11 Student Presentations and Reports 12 Japanese and Chinese Businesses in the Interwar Period 13 National Businesses in an Expanding International Economy 14 Into the Twenty-First Century 15 Summary and Conclusion Evaluation: Attendance, participation, in-class activities (20%), Team Presentation (15%) and Report (15%), Midterm (25%), Final Exam (25%). Graduate students will have additional work assigned. Direction for preliminary study: Textbooks and Reference books: The Rise of Modern Business: Great Britain, the United States, Germany, Japan, and China, 3rd edition (2008), revised and updated, by Mansel G. Blackford. In addition to textbook readings, occasional supplementary materials may be assigned. NOTE: Please do not buy this textbook until after the first day of class. Notice to students: Subject Management I(E) Semester, Fall Semester (2 Credits) Date and Period Thursday, 5th Period of the class Subject selection Basic Courses Years Instructor Philip BRYER (Graduate School of Economics) 1-2 Purpose and aim of the class: This lecture fosters the applicable ability through an exploration of fundamental management concepts and skills. During fall semester we will examine various approaches to management, ethical issues, sustainability and innovation, cultural diversity, decision making, planning, and strategic management. Class content 1 Introduction and overview 2 Introducing management 3 Approaches to Management 4 Ethics and Social Responsibility 5 Environment, Sustainability, and Innovation 6 Global Management and Cultural Diversity 7 Midterm Exam 8 Entrepreneurship and new ventures 9 Information and decision making (part 1) 10 Student Presentations and Reports 11 Information and decision making (part 2) 12 Planning processes and techniques 13 Strategy and strategic management (part 1) 14 Strategy and strategic management (part 2) 15 Summary and Conclusion Evaluation: Attendance, participation, in-class activities (20%), Presentation (15%) and Report (15%), Midterm (25%), Final Exam (25%). Graduate students will have additional work assigned. Direction for preliminary study: Textbooks and Reference books: Management 11e (International Student Version), by John R. Schermerhorn (2011). In addition to textbook readings, occasional supplementary materials may be assigned. NOTE: Please do not buy this textbook until after the first day of class. Notice to students: Subject Subject selection Special Lecture for Basic Semester, Fall Semester Subjects(History of Economic Date and Period Tuesday, 4th Period Theories II)(E) (2 Credits) of the class Basic Courses Years 1-2 Instructor Shin’ichi Nagao (Graduate School of Economics) Purpose and aim of the class: This class is designed to understand the historical background of the emergence of economic science. Method: read and discuss the 18th century political and social writings of the Scottish Enlightenment Material: extracts from the original texts of 18th century Scottish moral philosophers. Class content I. The Discovery of Modern Market Society 1. David Hume (1711–1776) Of the Original Contract (1748) Of Refinement in the Arts (1752) 2. Adam Smith (1723–1790) Lectures on Jurisprudence (1766) II. Governing the Market 3. James Steuart (1712–1780) An Inquiry into the Principles of Political Economy (1767) 4. Adam Ferguson (1723–1816) An Essay on the History of Civil Society (1767) III. Utopian Imagination and Radical Reforms 5. Robert Wallace (1697–1771) Various Prospects on Mankind, Nature and Providence (1761) 6. William Ogilvie (1736–1819) An Essay on the Right of Property in Land (1782) 7. Thomas Reid (1710–1796) Some Thoughts on the Utopian System (1794) Evaluation: The evaluation will be made according to the quality of the presentations of the students at the class. Direction for preliminary study: Textbooks and Reference books: Shinichi Nagao, Politics and Society in Scottish Thought, Imprint Academic, London, 2007 *Students must read the introduction of the book before they make decision to register for the class. Notice to students: This class will not treat the following subjects: Economic history, Japanese history Introductory economic theory Modern economic theory Business and management. Special Lecture for Basic Semester, Subjects(International Date and Period Friday, 2nd Period Accounting A) (E) (2 Credits) of the class Subject selection Basic Courses Years Instructor Akihiro Noguchi (Graduate School of Economics) Subject Fall Semester 1-2 Purpose and aim of the class: The lecture is intended to provide an opportunity for students to learn and understand international aspects of accounting. Class content 1 Introduction to International Accounting 2 International harmonization 3 Group accounting 4 The concept of a ‘group’ 5 Techniques of consolidation 6 Foreign currency translation 7 The temporal method versus the closing rate method 8 Translation of comprehensive income 9 Segment reporting 10 Modes and models of enforcement of standards 11 International auditing 12 Disclosure practices in international financial reporting 13 Interpreting financial statements 14 Financial analysis and the capital market 15 Summary Evaluation: Attendance and oral presentation in English. Direction for preliminary study: Students are expected to read the chapter before class Textbooks and Reference books: Christopher Nobes& Robert B. Parker, Comparative International Accounting, Financial Times Prentice Hall; 12th Revised, ISBN-13: 978-0273763796. Notice to students: Ability to speak and discuss international accounting in English will be required to attend the class. Subject Special Lecture for Basic Semester, Fall Semester Subjects(Introduction to Date and Period Wednesday, 2nd Period Empirical Research I)(E) of the class (2 Credits) Subject selection Basic Courses Years 1-2 Yoshihiko Kadoya (Graduate School of Economics) Purpose and aim of the class: This course covers the basics of empirical research design. After completing the course, it is expected that students will have a) basic understandings of empirical research, and b) experience in designing a research proposal and undertaking a small research project. As this course is to be provided in an interactive way, students are required to participate actively in class. Instructor Class content 1 Introduction (Purpose of Research) 2 Research Ethics 3 Research Methods 1 4 Research Methods 2 5 Qualitative Research 6 Quantitative Research 7 Quantitative Research Designs 8 Writing (Literature Review) 1 9 Writing (Literature Review) 2 10 Critical Writing 11 In-class presentation 1 12 In-class presentation 2 13 Group work 14 Evaluation Research 1 15 Evaluation Research 2 Evaluation: Class participation (20%), In-class presentation (30%), Final exam (50%) Direction for preliminary study: Textbooks and Reference books: Reading lists will be distributed at the class. Notice to students: Subject Subject selection Special Lecture for Basic Semester, Fall Semester Subjects(Basic Statistics for Date and Period Thursday, 4th Period Business) (E) (2 Credits) of the class Basic Courses Years 1-2 Instructor Yoshihiko Kadoya (Graduate School of Economics) Purpose and aim of the class: This course covers the basics of business statistics. After completing the course, it is expected that students will have a) basic skills of business data analysis, and b) experience in designing a research proposal and undertaking a small research project in the field. As this course is to be provided in an interactive way, students are required to participate actively in class. Class content 1 Introduction 2 Descriptive Statistics: Tabular and Graphical Presentations 3 Descriptive Statistics: Numerical Measures 4 Introduction to Probability 5 Discrete Probability Distributions 6 Continuous Probability Distributions 7 Sampling and Sampling Distributions 8 Interval Estimation 9 Hypothesis Tests 10 Comparisons Involving Means, Experimental Design, and Analysis Variance 11 Comparisons Involving Proportions and a Test of Independence 12 Simple Linear Regression 13 Multiple Regression 14 In class presentation 1 15 In class presentation 2 Evaluation: Class participation (10%), In-class presentation (20%), Report (70%) Direction for preliminary study: Textbooks and Reference books: Sweeney, D. J, Williams, T. A., and Anderson, D. R. (2011) Fundamentals of Business Statistics, International Edition, 6, 6th Edition, South-Western Notice to students: Special Lecture for Basic Semester, Subjects(International Date and Period Monday, 4th Period Economics I) (E) (2 Credits) of the class Subject selection Basic Courses Years Instructor Weijia Dong (Graduate School of Economics) Subject Fall Semester 1-2 Purpose and aim of the class: The aim of the class is to provide students with a general overview of the basic theories and issues about international economics. This course presents international trade theory of the Ricardian model, specific factors, Heckscher-Ohlin model, and imperfect competition model, along with the trade policy. It also provides a unified model of open-economy macroeconomics based on an asset-market approach to exchange rate determination with a central role for expectations, as well as the international macroeconomic policy. Class content 1 Introduction and Overview 2 International Trade Theory: The Ricardian Model 3 International Trade Theory: Specific Factors and Income Distribution 4 International Trade Theory: The Heckscher-Ohlin Model 5 International Trade Theory: The Heckscher-Ohlin Model 6 International Trade Theory: The Standard Trade Model 7 International Trade Theory: Imperfect Competition Model 8 International Trade Policy: The Instruments of Trade Policy 9 Open-Economy Macroeconomics: National Income Accounting and the Balance of Payments 10 Open-Economy Macroeconomics: Exchange Rates and the Foreign Exchange Market 11 Open-Economy Macroeconomics: Money, Interest Rates, and Exchange Rates 12 Open-Economy Macroeconomics: Exchange Rate in the Long Run and Short Run 13 International Macroeconomic Policy 14 Summary and Review 15 Exam Evaluation: Attendance, participation, presentation (30%), Homework (20%), Final Exam (50%). Direction for preliminary study: Textbooks and Reference books: Paul R. Krugman , Maurice Obstfeld , Marc J. Melitz, “International Economics: Theory & Policy”, 9th edition, Prentice Hall, 2010. Notice to students: Graduate students will be required to make a presentation. Special Lecture for Basic Subjects Semester, (Human Resource Management I) Date and Period Tuesday, 2nd Period (E) (2 Credits) of the class Subject selection Basic Courses Years Instructor Yoshio Sano (Graduate School of Economics) Subject Fall Semester 1-2 Purpose and aim of the class: This Class aims to increase students understanding and awareness of HR management especially people developing leadership. We will also look at cross cultural management, organizational behaviors and human factors affect those aspects. Case studies are used. Guest speaker will be invited. More detailed syllabus will be distributed during Introduction. Active participation of the students is required. We will encourage students to engage in personal project and write a report at the end of the term. This class fosters the research ability by doing personal projects of the students. Class content 1 Introduction Oct 1st 2 Corporate Strategy & Human Resources Management Oct 8th 3 Culture and Multinational Managements (1) Oct 15th 4 Culture and Multinational Management (2) Oct 22nd 5 Corporate Social Responsibility Oct 29th 6 Organizational Behaviors (1) Nov 5th 7 Organizational Behaviors (2) Nov 12th 8 Guest Speaker Nov 19th 9 Global Leaders (1) Nov 26th 10 Global Leaders (2) Dec 3rd 11 Global Leaders (3) Dec 10th 12 Human Resources Management in Local Context Dec 17th 13 Corporate Misconduct & Compliance Dec 24th 14 Personal Project Presentation (1) Jan 14th 15 Personal Project Presentation (2) Jan 21st Evaluation: Class attendance (40%) Participation in class discussion (30%) Report on Personal Project (30%). Direction for preliminary study: Reference books: “Riding the Waves of Culture” 2nd Edition Trompenaars, Hampden-Turner, McGraw-Hill, ISBN 0-7863-1125-8 “Multinational Management – A Strategic Approach” Cullen, J.B., Parboteeah, K.P., Thompson, ISBN 10: 0-324-54512-6 Notice to students: Special Lecture for Basic Subjects Semester, (Introduction to Japanese Business) Date and Period Thursday, 2nd Period (E) (2 Credits) of the class Subject selection Basic Courses Years Instructor Yoshio Sano (Graduate School of Economics) Subject Fall Semester 1-2 Purpose and aim of the class: This class looks at how Japanese businesses have evolved in the past and where they will go in the future. Case studies are used. Active participation of the students is required. We will organize group study and group presentation at the end of the term. More detailed syllabus will be distributed during Introduction. This lecture aims to foster the voluntary exploration ability. Class content 1 Introduction Oct 3rd 2 Outline of Japanese Economy Oct 10th 3 Principles and Practices of International Trades Oct 17th 4 Global Competition Oct 24th 5 History of Japanese Economic Development (1) Oct 31st 6 History of Japanese Economic Development (2) Nov 7th 7 History of Japanese Economic Development (3) Nov 14th 8 A Case of a Japanese Company (1) Nov 21st 9 A Case of a Japanese Company (2) Nov 28th 10 Japanese Industry Outlook (1) Dec 5th 11 Japanese Industry Outlook (2) Dec 12th 12 Japanese Industry Outlook (3) Dec 19th 13 Guest Speaker Jan 16th 14 Group Presentation (1) Jan 23rd 15 Group Presentation (2) Evaluation: Class attendance (40%) Participation in discussion (30%) Group Presentation (30%). Direction for preliminary study: Reading Japanese newspapers written in English is recommended. Textbooks and Reference books: Print-out for case studies will be distributed during the class Notice to students: Commitment to class and interaction with other students are highly required Jan 30th Special Lecture for Basic Subjects Semester, (Japanese Human Resource Date and Period Friday, 1st Period Management I)(E) (2 Credits) of the class Subject selection Basic Courses Years Instructor Yoshio Sano (Graduate School of Economics) Subject Fall Semester 1-2 Purpose and aim of the class: This class looks at how Japanese companies are managed from human resources aspects. We will introduce Japanese business ethics and several successful businessmen. We also look at Leadership manifested in Japanese companies. Case studies are used. Guest speaker will be invited. More detailed syllabus will be distributed during Introduction. Active participation of the students is required. We will organize group discussion, group study and group presentation at the end of the term. This class aims to foster the research ability by making individual / group study and presentation. Class content 1 Introduction Oct 4th 2 Outlook of Human Resources Management Oct 11th 3 Corporate Strategy & Human Resources Management Oct 18th 4 Case of a Japanese Human Resources Management (1) analysis Oct 25th 5 Case of a Japanese Human Resources Management (1) summary Nov 1st 6 Case of a Japanese Human Resources Management (2) analysis Nov 8th 7 Case of a Japanese Human Resources Management (2) summary Nov 15th 8 Guest Speaker Nov 29th 9 Case of a Japanese Human Resources Management (3) analysis Dec 6th 10 Case of a Japanese Human Resources Management (3) summary Dec 13th 11 Case of a Japanese Human Resources Management (4) analysis Dec 20th 12 Case of a Japanese Human Resources Management (4) summary Dec 27th 13 Individual & Group Study Presentation (1) Jan 10th 14 Off-site activity (Company / Factory Visit) Jan 11th (Sat) 15 Individual & Group Study Presentation (2) Jan 24th Evaluation: Class attendance (40%) Participation in discussion (30%) Individual / Group Presentation (30%). Direction for preliminary study: Reading Japanese newspapers written in English is recommended. Textbooks and Reference books: Print-out for case studies will be distributed during the class. Notice to students: Commitment to class and interaction with other students are highly required. Special Lectures for Advanced Semester, Subjects(Advanced Price Theory Date and Period Tuesday, 5th Period II) (2 Credits) of the class Subject selection Specialized Courses Years Instructor Akihiko YANASE (Graduate School of Economics) Subject Fall Semester 1-2 Purpose and aim of the class: Following the Advanced Microeconomic Theory I, this course offers advanced-level material in microeconomic theory, with special attention to market failures (externalities, public goods, market power, and asymmetric information). Class content 1 Review of Partial Equilibrium Analysis 2 Externalities and Public Goods 1 3 Externalities and Public Goods 2 4 Externalities and Public Goods 3 5 Market Power 1 6 Market Power 2 7 Market Power 3 8 Market Power 4 9 Adverse Selection, Signaling, and Screening 1 10 Adverse Selection, Signaling, and Screening 2 11 Adverse Selection, Signaling, and Screening 3 12 The Principal-Agent Problem 1 13 The Principal-Agent Problem 2 14 The Principal-Agent Problem 3 15 Final Exam Evaluation: Participation in class, homework, and final exam. Direction for preliminary study: Review basics in undergraduate-level microeconomics and noncooperative game theory. Textbooks and Reference books: Mas-Colell, Whinston, and Green, Microeconomic Theory, Oxford. (Part Three) Supplementary textbook: Varian, Microeconomic Analysis, Norton. Notice to students: knowledge on undergraduate-level microeconomics, (preferably) with credit in the Advanced Microeconomic Theory I. Special Lectures for Advanced Semester, Subjects (Advanced Income Date and Period Tuesday, 3rd Period Theory II) (2 Credits) of the class Subject selection Specialized Courses Years Instructor Yuko Arayama (Graduate School of Economics) Subject Fall Semester 1-2 Purpose and aim of the class: An economy consists of households, firms and government. Market is manmade device to connect them each other. Income theory has been serving as a tool to analyze the determination of national income, economic growth and the reasons for its fluctuation. This course is intending not only to promote understanding core of income theory but to enhance a sense of research ability and practical applications of income theory toward the real world. Class content 1 The Economy in the Long Run: Aggregate Production Function 2 The Economy in the Long Run: Economic Growth 3 5 The Economy in the Long Run: Production, Distribution and Allocation The Economy in the Long Run: Measuring the Value of Economic Activity- National Income Accounting The Economy in the Long Run: Open Economy 6 The Microeconomics behind Macroeconomics: Consumption 7 The Microeconomics behind Macroeconomics: Investment 8 The Microeconomics behind Macroeconomics: Money Supply and Money Demand 9 The Economy in the Short Run: Aggregate Demand I- 10 The Economy in the Short Run: Aggregate Demand II- 11 The Economy in the Short Run: Aggregate Demand III- Applying the IS-LM Model 12 The Economy in the Short Run: Aggregate Demand and Aggregate Supply 13 The Economy in the Short Run: Fiscal Policy and Monetary Policy 14 The Economy in the Short Run: Open Economy Revised- Mundell-Fleming Model 4 Markets in Aggregate Economy Building the IS-LM Model 15 Toward the Microeconomic Foundation of Macroeconomics Evaluation: Course Evaluation will be based on mid-term and final examination. Direction for preliminary study: Knowledge on any introductory income theory is useful. Textbooks and Reference books: (Textbook) N. Gregory Mankiw Macroeconomics, Sixth Edition (Reference)Robert J. Barro Macroeconomics A Modern Approach Notice to students: Continuous participation and concentration to lecture is a key to enhance rigorous understandings. Special Lectures for Advanced Semester, Subjects Date and Period Wednesday, from 17:00 (Law and Economics) (2 Credits) of the class Subject selection Specialized Courses Years Instructor Yuko ARAYAMA (Graduate School of Economics) & Yoshiharu MATSUURA Subject Full Year 1-2 Purpose and aim of the class: This course is organized by a faculty of Economics jointly with a faculty of Law to promote theoretical and practical understandings of legal regulations imposed on economic activities. This course is intending to enhancing ability to apply economic theory toward understanding practical effects of legislation. Class content 15 workshops (minimum) will be held in a year according to the workshop calendar. This workshop will pick up the following topics in Law & Economics to promote understandings on human behavior, Social contracts and legal structure in our modern society. The workshop will also invite several prominent scholars and practitioners in the field of law and economics to present their ideas. We also courage doctor level students to present his/her idea concerning their research project for doctorial thesis. Major Contents: Introduction: Law and Economic Activities Topic 1: Market Activities and Law Economic Behavior of Households and Firms Projection of Economic Activities to Law Topic 2: Property Rights and Property Law Institutional Arrangements of Law for Property An Economic Theory of Property Rights Topic 3: Contract Law Topics in the Economics of Contract Law An Economic Theory of Contract Topic 4: Tort Liability and Tort Law Automobile Accidents and Human Causalities Economics of Tort Liability Transaction Cost and Property Rights Topic 5: Special Topics in Law and Economics Transaction Cost and Economic Efficiency of Institutional Arrangements Abuse of Superior Bargaining Position: What is monopoly all about? F. Hayek and the Rule of Law Evaluation: Students need to submit one term paper for credit. Active participation to course is highly preferable for higher evaluation. Direction for preliminary study: Students are strongly recommended to check Becker-Posner Blog (http://www.becker-posner-blog.com/). Textbooks and Reference books: Law and Economics 4th ed. Robert COOTER & Thomas ULEN, Pearson, 2003. Notice to students: Students in doctorial course are required one paper presentation for credit. Students in master course need to submit term paper for credit. Active participation to WS is highly preferable for higher evaluation. Theme Studies(Economic Semester, Theory and Applications II) Date and Period Monday, 3rd Period (2 Credits) of the class Subject selection Specialized Courses Years Instructor Yuko Arayama (Graduate School of Economics) Subject Fall Semester 1-2 Purpose and aim of the class: This lecture reviews nature of Neo-classical system under perfect competition: 1) partial equilibrium analysis and 2) general equilibrium analysis without explicitly defined household in order to enhance students’ analytical ability in economics. Class content 1 Classical Theory (Smith), Marginal Utility Theory (Menger, Walras and Jevons) 2 Partial Equilibrium: Standard Theory-Production Function and Firm Behavior 3 Partial Equilibrium: Standard Theory-Utility Function and Consumer Behavior 4 Partial Equilibrium: Market Equilibrium under Perfect Competition 5 6 Partial Equilibrium: Neo-classical Theory of Time Allocation Partial Equilibrium: Theory of Time Allocation Reconsidered 7 General Equilibrium: One-sector Model 8 9 General Equilibrium: One-sector Neo-classical Growth Model without Capital Depreciation General Equilibrium: National Income Accounting for a One-sector Model 10 S-R General Equilibrium: Two-sector Model with Fixed Factor : Structure 11 S-R General Equilibrium: Two-sector Model with Fixed Factor : Income Distribution 12 L-R General Equilibrium: Heckscher-Ohlin-Samuelson Model: Structure 13 L-R General Equilibrium: Heckscher-Ohlin-Samuelson Model: Income Distribution 14 General Equilibrium: Application toward Neoclassical Trade Theory: Small Country and Neoclassical Theory (Marshall and Pigou) 15 General Equilibrium: Application toward Neoclassical Trade Theory: Two Large Counties Evaluation: Course evaluation will be based on mid-term and final examination. Direction for preliminary study: Be well prepared and have no regrets. Reference books: P.R.G. Layard & A.A. Walters Micro-economic Theory, McGraw-Hill, 1978 H.G. Johnson The Theory of Income Distribution, Gray-Mills, 1973 Notice to students: Continuous participation and concentration to lecture is a key to enhance rigorous understandings. Seminar on Economics and Semester, Business Administration I Date and Period Friday, 3rd Period (2 Credits) of the class Subject selection Seminar Years Instructor Philip BRYER (Graduate School of Economics) Subject Fall Semester 1 Purpose and aim of the class: This lecture fosters the applicable ability through discussion of topics of mutual interest, including students’ current graduate research topics and selected readings. Class content Students will read a variety of materials from contemporary sources related to business and current economic issues. In addition to participating in group discussions of the seminar readings, students will have the opportunity to share their work experience, academic interests, and current research in a supportive and collaborative context. Evaluation: Attendance, participation, preparation (100%). Attendance is required. Absences will rapidly lower your final grade. Direction for preliminary study: Textbooks and Reference books: Readings will generally be provided by the instructor. Notice to students: Seminar on Economics and Semester, Business Administration Date and Period Friday, 3rd Period III (2 Credits) of the class Subject selection Seminar Years Instructor Philip BRYER (Graduate School of Economics) Subject Fall Semester 2 Purpose and aim of the class: This lecture fosters the applicable ability through discussion of topics of mutual interest, including students’ current graduate research topics and selected readings. Class content Students will read a variety of materials from contemporary sources related to business and current economic issues. In addition to participating in group discussions of the seminar readings, students will have the opportunity to share their work experience, academic interests, and current research in a supportive and collaborative context. Evaluation: Attendance, participation, preparation (100%). Attendance is required. Absences will rapidly lower your final grade. Direction for preliminary study: Textbooks and Reference books: Readings will generally be provided by the instructor. Notice to students: