大学院
HOME 大学院 Topics on Modern Japanese Economy
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,2020年4月4日以降は授業カタログの更新を見合わせています

Topics on Modern Japanese Economy

This course surveys issues related to the Japanese economy. A particular emphasis is put on understanding economic troubles that Japan started to face at the end of the last century, including macroeconomic stagnation, deflation, aging and population decline, seemingly unsustainable fiscal policy, extremely low interest rates, and stagnating wages in the tight labor market. Many of those issues are now observed in other advanced economies and pose challenges to the standard economic theory. The course explores how much we can use the standard tools in economics to understand the issues in the Japanese economy and tries to derive general lessons that would apply to other economies that are or will be experiencing similar issues.
MIMA Search
時間割/共通科目コード
コース名
教員
学期
時限
5123236
GPP-MP6E20L3
Topics on Modern Japanese Economy
星 岳雄
A1
月曜3限、木曜3限
マイリストに追加
マイリストから削除
教室
国際学術総合研究棟 第6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
不可
開講所属
公共政策学教育部
授業計画
We start by clarifying the main goals of the course, which is to understand the important issues that the Japanese economy has been facing and to come up with general lessons that are useful for other economies. Then, we study the macroeconomic development of the Japanese economy from the late 19th Century, with particular emphasis on the rapid economic growth in the 1950s to the 1970s followed by a long stagnation from the begging of the 1990s. We also look at institutional aspects of the Japanese economy in labor, finance, and business condition, and how some apparently unique features of Japan have changed overtime. The final class that covers the final chapter of the textbook provides a comprehensive review of the lost two decades of the Japanese economy and discuss the lessons for the rest of the world.
授業の方法
Lectures, but questions and discussions in class are highly encouraged.
成績評価方法
Homework problem sets, class participation, and final exam.
教科書
Takatoshi Ito and Takeo Hoshi, The Japanese Economy, 2nd Edition. (MIT Press, 2020)
参考書
Takeo Hoshi and Anil Kashyap (2001). Corporate Financing and Governance in Japan: The Road to the Future. MIT Press Koichi Hamada, Anil Kashyap, and David Weinstein (Eds.) (2011). Japan’s Bubble, Deflation and Long-term Stagnation, MIT Press
履修上の注意
Students are strongly encouraged to ask questions and to participate in class discussion.