| Course Name | Year | Term | Period | Faculty / Graduate School | All Instructors | Credits |
|---|---|---|---|---|---|---|
| 51005:Macroeconomics for Policy Studies (P) | 2024 | Spring | Thu2 | College Of Policy Science | TAKASHINO NINA | 2 |
Campus
Class Venue
Language
Course Outline and Method
In this course, students learn a broad range of macroeconomic issues and acquire the knowledge to understand the economy from an aggregate perspective. Students learn how long-run economic growth is determined and what factors cause short-run economic fluctuations. Students also learn how economic policies (fiscal and monetary policies) affect macroeconomic outcomes.
At the end of each lecture, the instructor will give a mini-test to confirm understanding. Also, the instructor will provide assignments as preparation for the next lecture. Students will be asked to give short presentations and join discussions.
Keywords: GDP, inflation, unemployment, economic growth
Student Attainment Objectives
1. The concepts of GDP, inflation, unemployment, and economic growth.
2. The interactions among GDP, inflation, unemployment, and interest rates.
3. The interactions through the use of mathematical equations.
4. Macroeconomic news and information will be more familiar to you.
Recommended Preparatory Course
Course Schedule
| Lecture/Instructor（When there are multiple instructors) | Theme |
|---|---|
| Keyword, References and Supplementary Information | |
| 1 | Introduction |
A tour of the world, a tour of the lectures, short run, medium run, long run |
|
| 2 | The goods market |
GDP, demand for goods, equilibrium output, investment, saving |
|
| 3 | Financial Market |
Demand for money, interest rate, liquidity trap |
|
| 4 | The IS-LM model |
IS relation, LM relation, IS and LM relations, policy mix |
|
| 5 | Extended IS-LM model |
nominal versus real interest, risk and risk premia, financial intermediary |
|
| 6 | The labor market |
Unemployment, wage determination, price determination |
|
| 7 | The Phillips curve, the natural rate of unemployment, and inflation |
Inflation, Phillips curve, natural rate of unemployment |
|
| 8 | The IS-LM-PC model |
From the short to the medium run |
|
| 9 | The facts of growth |
Measuring the standard of living growth in rich countries |
|
| 10 | Saving, capital accumulation, and output |
Output and capital, saving rates, physical versus human capital |
|
| 11 | The goods in an open economy |
The IS relation in the open economy, trade balance |
|
| 12 | Presentation 1 |
Students presentation |
|
| 13 | Presentation 2 |
Students presentation |
|
| 14 | Presentation 3 |
Students presentation |
|
| 15 | Summary |
Review of the course.
|
Class Format
Recommendations for Private Study
Students think and prepare answers for the next class.
Review class material and contact the instructor if needed.
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 | Mini test: 40%
|
Grade Evaluation Method （Note）
Advice to Students on Study and Research Methods
Textbooks
| Title | Author | Publisher | ISBN Code | Comment |
|---|---|---|---|---|
| Macroeconomics, 8th edition | O. Blanchard | Pearson | 978129235147-6 |
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)
Other Comments
URL:http://www.ritsumei.ac.jp//students/pathways-future/course/curriculum.html