Course Overview

経済動学は経済の動き方を論じる。市場安定性,経済成長論,ゲームにおける情報の動学。

Learning Achievement

Understanding the difference between static and dynamic analysis in economics. After reviewing the definitions of the basic dynamic mathematics of differential and difference equations, acquire ability to apply the ideas to economic models. Understand how information effects enter into models of market stability, economic growth, dynamic games, natural resources and so on. Based on understanding of the basic notions of time, process, stock, and flow, acquire skill in applying them to everyday discussions.

Competence

Application of mathematical analysis to economic issues
Understanding the relation of dynamic economic to social progress

Course prerequisites

The mathematical treatment is self-contained, requiring high school algebra. Completing lectures in differential calculus and microeconomics is recommended.

Grading Philosophy

Weekly submission of homeworks (20%), a midterm report (30%), and a final report (50%). Work should be submitted in English, but with advance permission from the instructor, Japanese may also be allowed, depending on the size of the class and personal situation.

Course schedule

Course materials and lectures are primarily in English. However, questions may be asked and answered in Japanese. With prior permission, homework and reports may be submitted in Japanese.
(Period 1) Pandemic! Building a dynamic model, step by step
(Period 2) Basic concepts: Time, process, stock, flow; equilibrium, steady state, stability, persistence, irreversibility
Differential equation basic concepts: Phase diagram, Bellman equation, difference equation, iterated function
Economic growth theory: Classical models of Malthus and Marx and the neoclassical Solow model
Economic growth theory extensions: 2-sector model, human capital, technological progress
Economic growth theory in empirical research
Capital asset pricing: Uncertainty, arbitrage, and bubbles
Theory of natural resources: Pure exhaustible resources and renewable resources
Theory of natural resources: Recycling, self-renewing, and sustainability
Game theory: Time, uncertainty, and information
Intellectual property and dynamics
Information flows on social networks: Flamewars, radicalization, and cascades

Course type

Lectures

Online Course Requirement

Instructor

Turnbull Stephen John

Other information

Students who have interest in social institutions and processes, who wish to connect history to the future, are very welcome.

Site for Inquiry

Link to the syllabus provided by the university