Course Name Year Term Period Faculty / Graduate School All Instructors Credits
50583:Macroeconomics for Policy Studies (P) 2025 Spring Tue4 College　Of　Policy　Science NISHIMURA YOZO 2

Campus

OIC

Class Venue

AS456

Language

英語

Course Outline and Method

Macroeconomics studies a nation’s economy as a whole, and analyses Gross Domestic Product (GDP), inflation, unemployment, business cycles, and economic growth. This course will help you to understand how GDP is determined, how macroeconomic variables such as GDP, inflation, or unemployment interact with each other, and how monetary policy and fiscal policy affects business cycle and economic growth.

Student Attainment Objectives

i)　Understand the definitions and concepts of GDP, inflation, unemployment, business cycles, and economic growth.
ii)　Understand the macroeconomic models describing the determination of GDP in both short and long run.
iii)　Become more familiar with macroeconomic news and information.

Recommended Preparatory Course

Course Schedule

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

Data of Macroeconomics

【+R-Jugyo】Information for “+R-Jugyo” will be posted on manaba+R.
Gross Domestic Product, Consumer Price Index, Unemployment Rate

2

Classical Theory: The Economy in the Long Run

Factors of Production, Production Function, Supply and Demand for Goods and Services

3

Monetary System

Money, Banks, Central banks

4

Inflation

Quantity Theory of Money, Demand for Money, Social Cost of Inflation

5

Open Economy

International Flows of Capital and Goods, Saving and Investment, Exchange Rates

6

Business Cycle Theory: The Economy in the Short Run

Business Cycle, Aggregate Demand, Aggregate Supply, Stabilization Policy

7

Business Cycle Theory: The Closed Economy in the Short Run (1)

Keynesian Cross

8

Business Cycle Theory: The Closed Economy in the Short Run (2)

The IS-LM Model

9

Business Cycle Theory: The Closed Economy in the Short Run (3)

Applying the IS-LM Model, Monetary Policy, Fiscal Policy

10

Business Cycle Theory: The Open Economy in the Short Run (1)

The Mundell-Fleming Model and the Exchange-Rate Regime

11

Business Cycle Theory: The Open Economy in the Short Run (2)

Monetary Policy, Fiscal Policy

12

Economic growth I

Accumulation of Capital, Golden Rule Level of Capital, Population Growth

13

Economic growth II

Technological Progress

14

Revision

Class Format

14 classes on Face to Face basis

Recommendations for Private Study

Be sure that you understand the resumes distributed in the class.

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

Assessments will be based on several short reports or exams with prior notice, in the classroom, or at the page of ‘Assignment’ on the manaba+R, at least three times.

Grade Evaluation Method （Note）

Advice to Students on Study and Research Methods

Textbooks

Textbooks （Frequency of Use, Note）

Reference Books

Title Author Publisher ISBN Code Comment
Macroeconomics N. Gregory Mankiw Worth Publishers ISBN-13: 978-1-319-46688-6

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)

Learning Management System （manaba+R）,Talk with Students

Other Comments

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URL:https://secure.ritsumei.ac.jp/students/pathways-future/course/curriculum.html/