Year 2017 Term Spring Day Thursday Period 2 Credit 2 Code 202
Course Title Development Macroeconomics
Major DID
Program Program in Economic Development Policy and Management
Instructor(s) Umemura
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.


Basic concepts and technical terms of Macroeconomics  

System of National Account (SNA)

Price and Inflation                                  

Determinants of price level

IS-LM analysis                                                                  

Fiscal policy and monetary policy

Ⅶ.Balance of Payment (BOP), 

Exchange rate

Economic growth theories

Group presentation by country

Texts & References

Charles I. Jones  (2011), Macroeconomics, 2nd Edition, W.W. Norton and Company [website: or ] 

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.