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.

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.

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

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.

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

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.

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.

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

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.

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

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.

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

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

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.

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.

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.

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.

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

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.

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.

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.

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.

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

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.

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

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.

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

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.

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**).

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.

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.

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

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.

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

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