授業の目的 【日本語】
Goals of the Course(JPN) | | | 本講義は、1.学部レベルのマクロ経済学の復習、２. マクロ経済分析のスキルの向上、３.上級レベルのマクロ経済学の課題やモデルについて理解を深めることを目的とする。履修生は、ISLMモデルから始まり、金融・財政政策、世代重複モデルについて学習します。 |
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授業の目的 【英語】
Goals of the Course | | The purposes of this course are threefold. The fist objective is to brush up intermeduate macroeconomics. The second is to improve analytical capability for macroeconomic analysis. The third to improve understanding on advanced topics in macroeconomics such as overlapping generations models and fiscal/monetary policies.
Knowledge on macroeconomics, mathematics and econometric software are not required but will be advantages. |
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到達目標 【日本語】
Objectives of the Course(JPN) | |
ISLMモデルから始まり、金融・財政政策、世代重複モデルおよび動学的一般均衡マクロモデルについて理解し、それらのモデルを使ってマクロ経済分析を行えるようになることを目的とする。 |
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到達目標 【英語】
Objectives of the Course | | | The objectives are 1. to be able to handle ISLM model to analyze the consequence of fiscal and monetary policy in both closed economy and open economy, 2. to understand Cobb-Douglas production function to analyze the economic growth, 3. to analyze monetary sector and 4. to manipulate Dynamic General Equilibrium Model (DGE). |
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授業の内容や構成
Course Content / Plan | | Week 1: An introduction on GDP and its expenditure components is presented in economic growth perspective. Common characteristics of saving-investment balance in developing economies and determinants of consumption and investment.
Week2: Monetary Policy: Money supply and IS-LM analysis with special focus on Taylor rules, the Philips curve, monetary operation, Ricardian equivalence and fiscal policy in the IS-LM framework. Determinants of inflation in developing countries and its impact on macro-economy and development projects. Output gap and business cycle using Hodrick-Prescott filter.
Week 3: Monetary and Fiscal Policy in IS-LM framework
Week 4: BoP statistics and International Reserves: trade, worker’s remittance, foreign direct investment (FDI), external financing such as bonds and loans are discussed with a case study for international reserve crisis and Ukraine and case study for international reserves and development project. Exchange rate, international reserves and financial crisis are reviewed with samples from Thailand and Korea.
Week 5: Economic Growth and General Equilibrium
Week 6: Domar Model
Week 7: Ramsey Model: Introduction
Week 8: Ramsey Model: Dynamic Optimization
Week 9: Ramsey Model: Phase Intertemporal Subsitution
Week 10: Ramsey Model: Phase Diagram
Week 11: Ramsey Model: Elastic Labor Supply
Week 12: Overlapping Generations Model - Introduction
Week 13: Overlapping Generations Model - Euler Equation
Week 14: Overlapping Generations Model - Numerical Simulation
Week 15: Endogenous Growth Model
Notes:
1. The schedule is subject to changes depending on the readiness and progress of the class.
2. Mathematics and statistics such as differentiation and linear algebra relevant to the lecture will be reviewed in the class when and if necessary. |
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履修条件・関連する科目
Course Prerequisites and Related Courses | | Development Finance, Development Economics, Basic Macroeconomics, Microeconomics.
There is no precondition to take this course. |
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成績評価の方法と基準
Course Evaluation Method and Criteria | | In-class quiz and homework (50%) and final exam (50%).
Credit is given to C- or C (where applicable) or higher grade for each criterion. |
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教科書・参考書
Textbook/Reference Book | | （１）Gregory Mankiw, 2016, Macroeconomics (9th edition), Macmillan Education
ISBN-10 : 1319243584
(2) F. S. Mishkin, 2016, The Economics of Money, Banking, and Financial Market, Pearson.
ISBN-10 : 1292268859
(3) Paul Grugman,2018, International Economics Theory and Policy, 11th edition, Peason
ISBN-10 : 9781292216355
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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 are expected before the class to read relevant chapters and sections in those textbooks above from (1) to (3). |
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注意事項
Notice for Students | | | Students are not expected to have a solid background in international finance and macroeconomics since the lecture starts from introductory levels. However, having a background in economics is an advantage. |
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使用言語
Language(s) for Instruction & Discussion | | |
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授業開講形態等
Lecture format, etc. | |
対面で実施します。
Classes will be held in-person. |
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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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