Course Name Year Term Period Faculty / Graduate School All Instructors Credits
16417:IR18‐DE105 Macroeconomics (RB) § 16418:RUIR-1211 Macroeconomics(RB) 2024 Fall Wed5 College　Of　International　Relations LU WANXUE 2

Campus

KIC

Class Venue

MEIGAKUKAN　MG002

Language

English

Course Outline and Method

This introductory course will cover macroeconomic principles in face-to-face classes. We will begin with an introduction to the overall quantity of production and price level that used to monitor the macroeconomic development. Next, the course will introduce key concepts, basic macroeconomic theories, and make use of practical examples to understand the real economy in the long run, money and prices, the macroeconomics of open economies, and the short-run economic fluctuation.

Student Attainment Objectives

Students will be able to:
1. Understand basic macroeconomic concepts and theories
2. Understand how economic agents interact and affect the workings of the economy
3. Measure and calculate different indicators of the economy
4. Increase their understanding of real economic issues

Recommended Preparatory Course

Course Schedule

Lecture/Instructor（When there are multiple instructors) Theme
Keyword, References and Supplementary Information
1

Introduction

Overview of the Course, What is Macroeconomics

2

Measuring a Nation's Income

Gross domestic product (GDP), Consumption, Investment, Government Purchase, Net exports

3

Measuring the Cost of Living

Consumer price index, Real Interest Rate, Inflation Rate

4

Production and Growth

Productivity, Economic Growth and Public Policy

5

Saving Investment, and the Financial System

Financial Markets, Financial Intermediaries, Supply and Demand for Loanable Funds

6

Unemployment

Labor force, Minimum wage, Natural Rate of Unemployment, Unemployment insurance, the Theory of Efficiency Wages

7

The Monetary System

Central Bank, Financial Stability, Liquidity, Banks and Monetary Supply, Monetary Policy

8

Money Growth and Inflation

Monetary Equilibrium, Quantity Theory of Money, Fisher Effect, Quantity Equation, Classical Dichotomy, Costs of Inflation

9

Open-Economy Macroeconomics Ⅰ: Basic Concepts

The International Flow of Goods and Capital, Real and Nominal Exchange Rate, Purchasing-Power Parity

10

Open-Economy Macroeconomics Ⅱ: Theories

Foreign Exchange Market, Equilibrium in the Open Economy, Government Budget Deficits, Trade Policy, Capital Flight

11

Aggregate Demand and Aggregate Supply

Economic Fluctuations, AD-AS Model, Aggregate Demand Curve, Aggregate Supply Curve, Two Causes of Economic Fluctuations

12

The Influence of Monetary and Fiscal Policy on Aggregate Demand

Theory of Liquidity Preference, the Multiplier Effect, Crowding-Out Effect, Economic Stimulus

13

The Short-Run Trade-Off between Inflation and Unemployment

The Phillips Curve, Supply Shock, Rational Expectations, Natural-Rate Hypothesis, Sacrifice Ratio

14

Debates Over Macroeconomic Policy Ⅰ

Group Presentation and Discussion on Selected Macroeconomic Topics

15

Debates Over Macroeconomic Policy Ⅱ

Group Presentation and Discussion on Selected Macroeconomic Topics

Class Format

Face-to-face classes will be conducted in this introductory macroeconomics course.

Recommendations for Private Study

It is highly recommended to review case study examples given by the instructor to facilitate understanding of the theories and applications. Further guidance will be provided at the beginning of the course.

Grade Evaluation Method

Kind Percentage Grading Criteria etc.
Final Examination (Written)

Report Examination
(A report to be submitted by the unified deadline)

Exams and/or Reports other than those stated above, and Continuous Assessment　
(Evaluation of Everyday Performance in Class)		 100

Attendance and In-class Quizzes (30%)
Group Presentation and Discussion (40%)
Final Report (30%, about 1,500 words)

Grade Evaluation Method （Note）

Advice to Students on Study and Research Methods

In order to foster an environment of academic honesty, the use of generative AIs, such as ChatGPT, grammar checkers like Grammarly, and translators like Google Translate, is strictly prohibited in this course. This includes, but is not limited to assignments, in-class quizzes, final reports and presentations.

Textbooks

Title Author Publisher ISBN Code Comment
Principles of Economics N. Gregory Mankiw Cengage Learning 978-0357038314 Students will use this textbook both in and out of class, including for preparation and review assignments.

Textbooks （Frequency of Use, Note）

Reference Books

Reference Books （Frequency of Use, Note）

Web Pages for Reference

How to Communicate with the Instructor In and Out of Class(Including Instructor Contact Information)

Talk with Students

Other Comments

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URL:http://www.ritsumei.ac.jp//students/pathways-future/course/curriculum.html