Course Overview

This course covers the basic concepts in macroeconomics. Topics include the IS-LM model, aggregate demand, aggregate supply and the Phillips curve, monetary and fiscal policy, rational expectations, real business cycle models, micro foundations, and long-run economic growth.

Learning Achievement

1. To be able to understand the basic concepts of macroeconomics such as GDP, GNP, CPI, exchange rate, purchasing power parity, unemployment rate that students see in a daily news paper.
2. To be able to explain why the economy can grow and what determines the economic growth of a typical country in the long run
3. To be able to understand the basic mechanism of the short run fluctuation of the economy.
3. To be able to explain the effect of fiscal policy and monetary policy.
4. To be able to explain the basic concept.
Notes: This course is conducted through face to face. Please come to the classroom on time.

Competence

1. General-propose competence: critical and creative thinking skills, data and information literacy, broad perspective and internationalism.
2. Special competence: understanding international development, analytical skills on international development.

Course prerequisites

Grading Philosophy

Home Work including the class attendance (25%), Midterm Exam(25%), Reports(25%), Final (25%). The final exam is held in the classroom.

Course schedule

GDP Accounting
Long Run Model and Determinants of Consumption and Saving
Money and Banking
Money and Inflation
Economic Growth (1)
Economic Growth (2)
Short run Model and keynsian Cross
IS-LM Model (1)
IS-LM Model (2)
A Model of Open Economy (if time is allowed)

Course type

Lectures

Online Course Requirement

Instructor

Naito Hisahiro

Other information

For College of International Students, taking internaitonal economics by Professor Kurokawa. For G30 students, taking introctory level of economics is mandatory.

Site for Inquiry

Link to the syllabus provided by the university