学内で開催されるオンライン授業の情報漏えい防止のため，2021年6月3日以降は授業カタログの更新を見合わせています

Principles of Macroeconomics
This courser will cover basic macroeconomic theory together with some empirical findings in macro economics.
The couse will cover behaviro of households, firms and government including the central bank of Japan.
Impact of COVID-19 on macroeconomy will be discussed extensively which are not explained in ordinary textbooks. The course will expalin about negative interest rate policy by the Bank of Japan. Aging population is one of the characteristics of Japan which will be discussed in the class.
In each lecture, macroeconomkc theory is explained by use of data and daiagrams so that studnets can connect theory with practice.
I will distribute my draft of Macroeconomics text book (from Springer) in each lecture.
At the end of each lecture, one short homework will be given to all the students. It has to be submitted right after the class in each lecture. Final grade of the course consists of 50% (home works) and 50% (final examination: open book and open notebook examination)..
No need for students to have any economics before. I would like to encourage students to ask questions whenever one faces with difficuty.

Thsi couse will ask students to understand macroeconomic theory and its application to real world. Lots of expamiles will be used in the lecture to make students understand the relation between macroeconomic theory and real world. Mathematical equations are used in the class which will assest students to learn deeply.

All the chapters will be based on my drafr of the textbook which is expected to be published in this summer.

Active participation in the class by students will make me easy to teach.

All the chapters will be based on my drafr of the textbook which is expected to be published in this summer.

Active participation in the class by students will make me easy to teach.

時間割／共通科目コード

コース名

教員

学期

時限

5113009

GPP-MP5E10L3

Principles of Macroeconomics

吉野 直行

火曜2限、木曜2限

教室

講義使用言語

英語

単位

2

実務経験のある教員による授業科目

NO

他学部履修

可

開講所属

公共政策学教育部

授業計画

Principles of Macroeconomics by Naoyuki YOSHINO
I will distribute my draft of Macroeconomics text book (from Springer) in each lecture.
At the end of each lecture, one short homework will be given to all the students. It has to be submitted right after the class in each lecture. Final grade of the course consists of 50% (home works) and 50% (final examination: open book and open notebook examination).
(1)Introduction to Macroeconomics
Various sectors in economy and its functions
(i)Households, (ii) Firms (iii) Financial Institutions (iv) Central bank (v) Government
(2) IS-LM analysis and liquidity trap
Introduction of bond market and Walras’ law
(3)Monetary policy and negative interest rate
Government bond market
(4)Transmission of monetary policy and Taylor rule
Control of short term interest rate and control of monetary base
(5)Aggregate Demand and Aggregate Supply
Impact of oil shock to macroeconomy
(6)Impact of Aging population on Macroeconomy
Declined effectiveness of monetary and fiscal policy in face with aging population
(7)Multiplier effect of fiscal policy and accumulation of government debt
Crowding out and crowding in
(8)Role of infrastructure investment in Macroeconomy
Public and Private Partnerships (PPP)
(9)Role of capital market in macroeconomy
Portfolio Allocation and mean/variance analysis
(10)Inflation and rational expectations in macroeconomics
Price of goods and services, Asset price such as stock price and land price
(11)Open economy macroeconomics
Determination of exchange rate and its impact on the economy
(12)Causes of the bubble in US and in Japan
Dynamic macroeconomic model

授業の方法

In each lecture, instructer will explain basic theories of macroeconomics and its application to real economy. SStudents are encouraged to ask questions at the end of each class.

成績評価方法

50% of grade comes from homework at the end of each lecture. Another 50% of the grade is based on final examination which is open book and open notebook examination.

教科書

I will districute my lecture note which willl be published from Springer 2021.

参考書

In each lecture, reading materials are distributed related to the lecture.

履修上の注意

Any background of economics will not be needed in the class. However, mathematical and graphoical explanations will be given in the class. I taught the same course in last year. You may ask about my course to your seniors who had taken in 2020 (Spring semester).

その他

Necessary readings and lecture notes will be sent to all the stutents in the class in each lecture.
Further readings will also be shown at the class.