Macroeconomics for Public Policy

Faculty

KOIBUCHI, Satoshi

Credit / Semester / Schedule / Language

4 Credits / Summer / Wednesday Period: 3 / Friday Period: 3 / English

Objectives/Overview

Main purpose of this course is to provide the fundamental macroeconomic theories to the graduate students studying the public policy. We also apply these theories to examine the contemporary macroeconomic issues in the global economy and financial system. The following issues will be discussed in the lecture:
(1) Monetary Policy under the Zero Interest Rate
(2) Global Imbalances
(3) China's Exchange Rate Regime
(4) Japan's Lost Decade(s)
(5) US Financial Crisis
(6) Sovereign Crises in the Euro Zone

Keywords

Macroeconomics, Public policy, Fundamental economics, Global economy, Financial system

Schedule

[1] Introduction / Macroeconomic Data
[2] National Income
[3] Consumption (1)
[4] Consumption (2)
[5] Investment (1)
[6] Investment (2)
[7] Money (1)
[8] Money (2)
[9] Determination of National Income
[10] Effects of Macroeconomic Policies
[11] Aggregate Demand and Aggregate Supply
[12] Term Structure of Interest Rates
[13] Central Bank and Monetary Policy
[14] Government Bonds and Budget Deficits
[15] TBA
[16] Midterm Exam ([1]-[12])
[17] Open Economy (1)
[18] Open Economy (2)
[19] Open Economy (3)
[20] Open Economy (4)
[21] Economic Growth (1)
[22] Economic Growth (2)
[23] Economic Growth (3)
[24] Financial System and Crisis (1)
[25] Financial System and Crisis (2)
[26] Financial System and Crisis (3)
[27] TBA
[28] Final Exam ([13]-[27])

Teaching Methods

The lecture is provided in English using the power points. A PDF version of lecture note will be available to the students in advance of each lecture through the following website:

Lecture blog for 2011 Macroeconomics for Public Policy
URL: http://graspp.seesaa.net/
(ID & PW will be announced in the class.)

Grading

Take-home(Problem sets)(20%), Mid-term Exam(35%), Final Exam(45%)

Required Text

N. Gregory Mankiw, Macroeconomics: International Edition, Worth Publishers Inc., U.S.; 7th Revised edition, 2009.

Reference Books

David Weil, Economic Growth, Pearson Education (US); 2nd International edition, 2008.
N. Gregory Mankiw, and Laurence M. Ball, Macroeconomics and the Financial System: International Edition, Worth Publishers, 2011.