授業の目的 【日本語】
Goals of the Course(JPN) | | | This course is designed to help students gain foundational knowledge pertaining to macroeconomic research. You will learn to use difference equations as a tool for analyzing how rational agents, such as households, firms and policymakers, contribute to the dynamics of the economy through dynamic optimization. As you learn relevant theoretical frameworks, you will also learn numerical methods useful for modern macroeconomic research. |
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授業の目的 【英語】
Goals of the Course | | | This course is designed to help students gain foundational knowledge pertaining to macroeconomic research. You will learn to use difference equations as a tool for analyzing how rational agents, such as households, firms and policymakers, contribute to the dynamics of the economy through dynamic optimization. As you learn relevant theoretical frameworks, you will also learn numerical methods useful for modern macroeconomic 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) solve any system of difference equations; (2) solve any dynamic optimization problem either by Lagrange method or by dynamic programming; (3) use relevant numerical analysis tools; and (4) read and understand advanced textbooks and professional articles in the field of macroeconomics. |
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授業の内容や構成
Course Content / Plan | | 1. Introduction
2. Difference Equations: Linear Scalar Equations
3. Difference Equations: Nonlinear Equations and Linearization
4. Difference Equations: Linear Systems
5. Difference Equations: Nonlinear Systems
6. Dynamic Optimization: Finite Horizon
7. Dynamic Optimization: Infinite Horizon
8. Neoclassical Growth: Global Analysis
9. Neoclassical Growth: Numerical Analysis
10. Dynamic Programming: Basic Idea
11. Dynamic Programming: Applications
12. General Equilibrium: Real Economy
13. General Equilibrium: Monetary Economy
14. General Equilibrium: Monetary Policy
15. Imperfect Competition |
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履修条件・関連する科目
Course Prerequisites and Related Courses | | No prerequisite.
Prior to the semester, prospective students are strongly encouraged to read textbooks such as Simon and Blume, Mathematics for Economics, Norton, 1994, or alike. To get ready for the course, be familiar with constrained optimization, total differentiation and matrix algebra.
Lectures of this course will be delivered entirely in English. |
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成績評価の方法と基準
Course Evaluation Method and Criteria | | There will be 5 to 7 (graded) take-home assignments during the semester. Your course grade will be determined as the average of these grades (no in-class exam). To pass the course, you must earn a "C" (about 60%) or above for each assignment.
Additionally, at the end of every lecture there will be one optional challenge problem (absolutely not mandatory, so you don't have to do it), and any students who attempt any of the challenge problems might earn extra points towards their final grade. |
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教科書・参考書
Textbook/Reference Book | | There is no textbook you must purchase.
The reading list and other materials will be distributed (possibly via TACT). |
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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) | | | Each of the 5 to 7 take-home assignments consists of many (time-consuming) questions. Some questions require computers. Please use the assignments as an opportunity to consolidate and broaden the knowledge acquired during the lectures. |
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注意事項
Notice for Students | | 1. You are encouraged to ask questions or make comments during the lecture.
2. Lectures of this course will be delivered entirely in English. |
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授業開講形態等
Lecture format, etc. | | | Lectures are 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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質問への対応方法
Office hour | | | Questions will be taken after each class, through TACT or by email. |
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