授業の目的 【日本語】
Goals of the Course(JPN) | | | This course is designed to build your research ability in the field of macro-labor economics. This course focuses on search-matching frictions in the aggregate labor market. The goal is to catch up with the frontier of business cycle research. |
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授業の目的 【英語】
Goals of the Course | | | This course is designed to build your research ability in the field of macro-labor economics. This course focuses on search-matching frictions in the aggregate labor market. The goal is to catch up with the frontier of business cycle research. |
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到達目標 【日本語】
Objectives of the Course(JPN) | | | After this course, students should be able to (1) understand the frontier of research in the field of labor market fluctuations over the business cycle; (2) write their own computer codes to replicate existing quantitative results found in professional articles; and (3) develop their own research. |
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授業の内容や構成
Course Content / Plan | | 1 Review of Dynamic Optimization
2 Job Search and Optimal Stopping
3 Basic DMP Model
4 Bargaining Theory
5 Extensions
6 Large Firms
7 Business Cycle Facts
8 Business Cycle Facts
9 Unemployment Volatility Puzzle
10 Unemployment Volatility Puzzle
11 Hours of Work over the Business Cycle
12 Hours of Work over the Business Cycle
13 Labor Market Participation
14 DSGE with Search Frictions
15 DSGE with Search Frictions |
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履修条件・関連する科目
Course Prerequisites and Related Courses | | No prerequisite.
Lectures of this course will be delivered in English.
I will assume that the students are familiar with dynamic optimization. |
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成績評価の方法と基準
Course Evaluation Method and Criteria | | | There will be 5 or more assignments, in which students are asked to replicate (empirical and theoretical) results in some leading research papers. The course grade will be determined by the average of the grades of all assignments. To pass the course, you must earn C (which is about 60 out of 100) or above for each assignment. Quantitative questions require computational packages such as dynare on Octave, R, and Maxima, and perhaps Python. While graduate students and undergraduate students are evaluated differently, you need to understand that this course is demanding for undergraduate students. Only highly motivated students should consider taking this course. |
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教科書・参考書
Textbook/Reference Book | | No textbook required.
A highly recommended reference book is, Christopher A. Pissarides, Equilibrium Unemployment Theory, 2nd edition, MIT press, 2000.
All mandatory reading material (professional articles in leading journals) will be distributed at NUCT. |
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課外学習等（授業時間外学習の指示）
Study Load(Self-directed Learning Outside Course Hours) | | | Students need to install some (free) computational packages such as Octave, dynare, RStudio (or R), Python, and Maxima in your computer. Windows computers are preferred, but not necessary. In any case, installation of these packages may take time and effort. Each lecture is based on a particular article, and students need to read each paper in advance of each class. |
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注意事項
Notice for Students | | |
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授業開講形態等
Lecture format, etc. | | If the educational activity level is 1 or lower, face-to-face lessons will be held in principle. However, for students who do not wish to take face-to-face lessons, "face-to-face / ICT-based remote classes (two-way or simultaneous on-demand)"will be conducted by NUCT etc. When conducting an on-demand lesson, students should use the NUCT feature "Messages" to ask teachers questions and exchange opinions about lessons with other students.
* If the class format changes after registration (after this notification), we will notify you on the NUCT class site. |
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遠隔授業（オンデマンド型）で行う場合の追加措置
Additional measures for remote class (on-demand class) | | |
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