Social Area / Economics Program

This course clearly explains the fundamentals of how resource allocation, such as prices and production volumes, is determined in a market economy, using diagrams and videos. Topics covered include the mechanisms of supply and demand, the mechanism of market equilibrium, the problems of monopolies, market failure and externalities, issues surrounding the supply of public goods, and the economics of incomplete information. A short report assignment is given each time, which is submitted via Moodle, and feedback is provided based on the grading results.

I am learning about the role that companies play in society. Business owners don't run their businesses just to make a profit for themselves. In my seminar, we conduct corporate and industry analysis using financial data from listed companies (most of which are unknown to most people), read books written by business owners in collaboration with the library, and during the summer break, we visit several companies to think about the relationship between business and society through dialogues with business owners and employees.

People drive the economy, and their choices and emotions at the time can bring profits or losses. I wanted to learn how people's choices and emotions influence the market from a psychological perspective, so I chose the combination of economics and psychology. By studying economics and psychology, I had the opportunity to study a new field called behavioral economics, which combines the two disciplines. My current goal is to study behavioral economics further and deepen my understanding of marketing within it. Even seemingly unrelated disciplines can have surprising commonalities. There are many other types of majors and various combinations, so I encourage you all to think about what you want to do in the future and choose accordingly.