Understanding Economic Issues (8 Weeks) (ECI101)

Saturday 11:30-13:50
Tokyo (Maps & Directions)
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This course is not offered this semester. Request to be notified for future availability.

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Course Details

We are all impacted by economics, it is all around us. A foundational understanding of economics is important for managers and for anyone who needs to make good decisions and make sense of the world. This course is an examination of both microeconomic and macroeconomic issues. In microeconomics we will examine how people and organizations make decisions. In macroeconomics we examine questions like: Why is the economic situation the way it is today? What are the economic benefits of hosting the Olympics? Why does the value of the yen fluctuate? How effective are governments in stimulating the economy?

Another area we will look at is the field of behavioral economics which is very popular nowadays. We will examine the effects of psychological, social, cognitive, and emotional factors on how individuals and organizations make decisions. Can too much choice be a bad thing? We will discuss an array of concepts and decide whether or not people make rational decisions.

This course is light on theory and graphs and heavy on interaction and discussion-based course work, with supporting lecture and some readings. This course is designed for working adults who are aware of economic forces but who have not taken a course in economics and for people who like to discuss these very interesting topics.

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