Purpose & Description
The objective of this subject is to understand the basic Macro & International Economics related to developing countries. It begins with framework of economic analysis, the basic concepts of the general idea of an economics (demand, supply and price), System of National Accounts, GNI (Gross National Income), Economics Growth Models, International Trade and Globalization of the world economy. We will deal with current economics related topics and also practice how to extract macroeconomic features of a country from various economic statistics.
Students are expected to acquire basic knowledge and tools for the analysis of a developing economies.
Ⅰ．Basic concepts and technical terms of Macroeconomics
Ⅱ．System of National Account (SNA)
Ⅲ．Price and Inflation
Ⅳ．Determinants of price level
Ⅵ．Fiscal policy and monetary policy
Ⅶ．Balance of Payment (BOP),
Ⅸ．Economic growth theories
Ⅹ．※Group presentation by country
Texts & References
Charles I. Jones (2011), Macroeconomics, 2nd Edition, W.W. Norton and Company [website: http://books.wwnorton.com/books/detail-students.aspx?ID=18217 or http://tinyurl.com/jones2008macro ]
Blanchard Oliver (2009), Macroeconomics, 5th Edition, Pearson Prentice Hall International Edition
N.Gregory Mankiw (2012), Macroeconomics, 8th Revised, W.H.Freeman & Co Ltd.
Rudiger Dornbush, Stanley Fisher, Richard Startz, Macroeconomics, 11th edition, McGrawHill International Edition. Relevant chapters are indicated in the above schedule.
(Note) If 11the edition is not available, 9th edition is also OK. A similar textbook in Japanese is 中谷巌『マクロ経済学入門』第5版、日本評論社、2007。
Attendance: 20% Presentation: 40% Term paper: 40%
All students are required to make presentation on the economic situation and issues of their own country.
Language(s) for instruction & discussion; Others
Mainly in English. Sometime in Japanese if necessary.