Macroeconomics for Public Policy
Instructors
KOIBUCHI, Satoshi
SATO, Kiyotaka
Credits / Language / Semester
4Credits / English / Summer
Objectives/Overview
Main purpose of this course is to provide the fundamental macroeconomic theories to the graduate students who study the public policy.
We also apply these theories to examine the contemporary macroeconomic issues of the global economy. The following issues will be covered in the course:
[1] Monetary Policy under the Zero Interest Rate
[2] Global Imbalances and China’s Exchange Rate Regime
[3] Japan’s Lost Decades
[4] US Financial Crisis
[5] Eurozone Crises
Keywords
Fundamental Macroeconomics, Fiscal Policy, Monetary Policy, Global Economy, Open Macroeconomics, Economic Growth, Public Policy
Schedule
[1] Introduction
[2] Macroeconomic Data
[3] Math & Micro for Macro
[4] Consumption
[5] Investment
[6] Money & Banking
[7] Determination of National Income
[8] Fiscal Policy & Monetary Policy
[9] Aggregate Supply & Price Change
[10] Inflation & Unemployment
[11] Bond Price & Term Structure of Interest Rates
[12] Central Bank & Monetary Policy
[13] Fiscal Deficit & Sovereign Risk
[14] Financial System
[15] Open Economy
[16] Economic Growth
Teaching Methods
[1] Lecures will be taught in English.
[2] Students can download lecture notes from the following website:
http://graspp.seesaa.net/
(ID & PW will be announced in the class.)
Grading
Take-home Exams (Problem sets) (20%)
Mid-term Exam (40%)
Final Exam (40%)
Required Text
Main Textbook
N. Gregory Mankiw, Macroeconomics: International Edition, Worth Publishers Inc.,U.S.; 7th Revised edition, 2009. (paper back)
Reference Books
References
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.