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ECON601 Comparative Economic Systems

This course focuses on the operating principles of capitalism and socialism, offering an analysis of their merits and demerits using the real cases of the United States and Japan, which are leading countries of the market economy, and the former Soviet Union, Cuba, and China—leading countries of the command economy.

ECON611 Microeconomics I

This course deals with the types of consumer and firm; the determination of prices and quantities of products and factors in various markets; and matters concerning partial and general equilibrium.

ECON612 Mathematics for Economics

This course deals with basic theories of mathematics for economics and their applications, differentiation/integration, matrix, and differential equations.

ECON613 Advanced Microeconomics

This course deals with major concerns of microeconomics such as the theory of the consumer, the theory of the firm, the theory of the market, and general equilibrium theory, etc, applying strict mathematical models along with relevant basic mathematical concepts.

ECON614 Mathematical Statistics

This course deals with random variables, probability distribution, distribution conversion, estimation, and hypothesis testing.

ECON615 Microeconomics II

This course deals with general equilibrium theory and the efficiency of resource distribution, the role of market mechanisms, the function of social welfare, income distribution theory, and the function of the public sector.

ECON616 Mathematical Economics I

This course introduces mathematical concepts and techniques used in economic analysis such as differential/difference equations and static equilibrium analysis based on linear algebra, and introduces dynamic models.

ECON617 II Mathematical Economics II

This course deals with the process of analysis of real economic models, utilizing the mathematical tools introduced in Mathematical Economics I.

ECON618 Seminar in Mathematical Economics

Prerequisites for this course are Mathematical Economics I & II. Students select specific topics, review relevant theses, and complete their own theses based on the development of new models.

ECON621 Macroeconomics I

This course deals with GNP, employment, price fixing principles, the role of currencies, and the financial and fiscal policies of governments.

ECON622 Advanced Macroeconomics

This course focuses on the dynamic macroeconomic model theory and empirical analysis, using time series analysis of econometrics and dynamic programming, calculus of variations, and optimal control theory as analysis tools. Analysis subjects include testing the present value relation, the relationship between money and products, the permanent income hypothesis, the theory of comsumption and portpolio selection, and governments’ fiscal and financial policies, etc.

ECON623 Macroeconomics II

This course deals with the disequilibrium theory, theory of business cycle, inflation theory, and the theory of economic growth.

ECON624 Economic Development

This course covers major factors of economic development, comparative analysis of economic development theory, and relevant policies.

ECON625 Seminar in Monetary Economics

This course deals with recent theories and empirical models of financial economics, particularly verification of financial/economic models and asset pricing models, the use of time series analysis and co-integration, and the most recent models for the relationship between money and products.

ECON626 Monetary Economics

This course deals with macroeconomic analysis of financial economics, including theories concerning supply and demand for money, the fixing of interest rates, macroeconomics equilibrium analysis of Keynesians and monetarists, inflation theory, the Cagan Model, rational expectation theory, the effect of financial policies, etc.

ECON627 Money,BankingandtheFinancialMarket

This course examines the financial activities of households, firms, and financial institutions as part of microeconomic analysis of financial economics with a focus on the Fisher-Hirshleifer Model, portfolio theory, Tobin’s separation theorem, the capital asset pricing model (CAPM), Tobin’s theory, and the Miller-Modigliani theorem, and covers financial innovation, the financial futures market, and financial industry regulations.

ECON631 Econometrics I

This course deals with basic theories of econometrics such as estimation and hypothesis testing in the multiple regression model, testing for structural breaks, basic time series analysis, and the simultaneous equation model.

ECON632 Econometrics II

This course deals with advanced theories of econometrics such as advanced time series analysis, model selection theory, models of limited dependent variables, etc.

ECON633 Seminar in Econometrics

This course analyzes recently developed econometric techniques such as limited dependent variables theory, the theory of non-parametric estimation, the non-stationary time series theory, etc, and offers students opportunities to put those theories into practice.

ECON641 Urban & Regional Economics

This course deals with methods of rational resource distribution based on spatial concepts as well as matters concerning urban formation and urban structure, industrial location theory, and regional development.

ECON642 Public Finance

This course examines government revenue and expenditure in terms of efficiency in distribution of resources and income with a focus on public choice theory, public goods, public investment, tax incidence, and the role of the government.

ECON643 Seminar in Public Finance

This course focuses on recent research trends as well as special areas of public finance such as local finance, the fixing of public utility charges, and public bonds, and offers an international comparison of public finance.

ECON644 Government Regulation

This course analyzes principles of government regulation of firms and problems stemming from such principles. It also deals with the realities of regulation.

ECON645 Taxation

This course deals with advanced theories concerning the study of public finance and analyzes the country’s budget and taxation systems as well as other policy issues.

ECON646 Seminar in Regional Economics

This course aims to cultivate theoretical and empirical understanding of urban and regional economies through presentations and discussions on key policy-related issues.

ECON651 Seminar in International Economics

This course offers students the opportunity to undertake a critical review of existing studies on international trade/financial theories through study and empirical testing, and finally present their findings in a paper.

ECON652 International Finance

This course covers the foreign exchange market, exchange rate determination theories, the balance of payments adjustment theory, international monetary systems, and international financial markets.

ECON653 International Trade

In this course students learn about trade theories such as comparative cost and factor endowment and their empirical testing, the relationship between international trade and economic growth, the economic effects of tariff & non-tariff barriers, and economic integration theory, etc.

ECON661 Labor Economics

This course offers a systematic analysis of labor market theories (demand and supply of labor), wage theories (the determination of wages and wage gaps), and labor-management theories (labor unions and collective bargaining).

ECON662 Seminar in Labor Economics

This course delves into research on the effectiveness of quantitative analysis for empirical testing of theories and labor policies. Advanced Labor Economics is a prerequisite course.

ECON663 Theory of Human Resources

This course offers students an opportunity for systematic analysis of the following factors based on basic demographic statistics and demographic forecast statistics: the qualitative level of the labor force and economic growth, fertility, mortality, population mobility and economy, and the demographic significance of the labor force.

ECON671 Economic History

This course offers a historical review of the development process of the capitalist economy focusing on the major issues of such development.

ECON672 History of Economic Analysis

This course offers an overview of the history of economic analysis from the 17th to the 20th century, discussing the philosophical foundations of economic theories and the relationship between economic theories and social development.

ECON681 Industrial Organization

This course pursues theoretical and empirical analysis of the impact of different market structures on economic performance focusing on firms’ behavior.

ECON682 Seminar in Industrial Organization

Students are expected to give presentations and participate in discussions concerning industrial organizations. They also prepare a research paper on a related topic.

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