授業の目的 【日本語】
Goals of the Course(JPN) | | | 本講義の目的は下記の点です。１．マクロ経済学を基礎としたマンデル―フレミングモデルや為替を中心とした国際金融の理論を学習する。２．ファイナンスやリスク管理、銀行について理論と実証研究成果について学ぶ。 |
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授業の目的 【英語】
Goals of the Course | | | The objectives of this course, Development Finance, are two-holds. Firstly,student will learn basic balance of payments statistics including swap and derivatives. Secondly, students will learn basic exchange rate theory such as purchasing power parity and secured interest parity. Thirdly, students will learn financial market theory and risk management including bond price calculation and basic financial formula, debt sustainability analysis using Monte Carlo simulation and financial portfolio buiiding using bootstrap technnque. The course will always discuss the topics in the context of developing countries and be conducted with many hand-on exercised based on spread sheet software. |
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到達目標 【日本語】
Objectives of the Course(JPN) | | | 履修者は国際金融およびファイナンス理論に関する理解を深め、国際金融や金融現象に関する経済分析ができるようになる。 |
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到達目標 【英語】
Objectives of the Course | | | The students will learn international finance and monetary policy and be able to make an economic analysis in the area of international finance and monetary policy. |
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授業の内容や構成
Course Content / Plan | | Structure of the Course / Schedule授業の構成・計画
Week 1: Balance of Payments: Structure
Week 2: Balance of Payments: Financial Account
Week 3: Balance of Payments: Swap
Week 4: Balance of Payments: Derivative
Week 5: Balance of Payments and International Reserves in Developing Countries
Week 6: Purchasing Power Parity
Week 7: Uncovered Interest Parity
Week 8: Assymetric Information and Moral Hazard
Week 9: Duration
Week 10: Discounted Dividend Model (DDM)
Week 11: Capital Asset Pricing Model (CAPM)
Week 12: Capital Asset Pricing Model (CAPM) II
Week 13: Monte Carlo simulation with brief reviews on statistics and statistical distribution.
Week 14: Portfolio Building with Monte Carlo Simulation
Week 15: Portfolio Building with Bootstrap
The lectures are subject to changes. |
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履修条件・関連する科目
Course Prerequisites and Related Courses | | | Development Finance, Development Economics, Development Macroeconomics, Development 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 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） F. S. Mishkin, 2016, The Economics of Money, Banking, and Financial Market, Pearson.
ISBN-10 : 1292268859 |
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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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