Macroeconomics

1Grade

2.00Credits

semester not specified

Komatsu Goro

English

Kioicho Campus

The goal of the lecture series is to teach students how to "think like an economist".

The 2008 Great Financial Crisis and the devastating outbreak of COVID-19 have demonstrated that the macroeconomic fluctuations play much more critical roles in shaping our lives than ever before.

In this class, we will read a standard macroeconomics textbook to acquire the basic framework to understand the economy as a whole.

After successfully completing this lecture series, students are expected to be able to "think like an economist" through:
1. understanding the basic macroeconomic concepts and models,
2. applying the models to understand and interpret current and historical macroeconomic developments—inducting monetary and fiscal policy—and
3. making predictions about future macroeconomic events

Course Title: Macroeconomics

Class Format: Lecture

Content:

Keywords: output, money, interest rates, inflation, unemployment, economic growth, business cycles, monetary policy, fiscal policy, financial crises


Week 1-Macroeconomic Basics (1)
01 The Policy and Practice of Macroeconomics, Measuring Macroeconomics Data (Ch.1,2)
02 Aggregate Production and Productivity (Ch.3)

Week 2-Macroeconomic Basics (2)
03 Saving and Investment in Closed and Open Economies (Ch.4)
04 Money and Inflation (Ch.5)

Week 3-Long-Run Economic Growth
05 The Source of Growth and the Solow Model (Ch.6)
06 Drivers of Growth: Technology, Policy, and Institutions (Ch.7)

Week 4-Business Cycles: The Short Run
07 Business Cycles: An Introduction (Ch.8)
08 The IS Curve (Ch.9)

Week 4-Aggregate Demand and Supply
09 Monetary Policy and Aggregate Demand (Ch.10)
10 Aggregate Supply and the Phillips Curve (Ch.11)

Week 6-Macroeconomic Policy
11 The Aggregate Demand and Supply Model (Ch.12)
12 Macroeconomic Policy and Aggregate Demand and Supply Analysis (Ch.13)

Week 7-Wrap-up and Final
13 Wrap-up
14 Final Exam

01 The Policy and Practice of Macroeconomics, Measuring Macroeconomics Data (Ch.1,2)

Read an assignment

Solve and submit problem sets

02 Aggregate Production and Productivity (Ch.3)

Read an assignment

Solve and submit problem sets

03 Saving and Investment in Closed and Open Economies (Ch.4)

Read an assignment

Solve and submit problem sets

04 Money and Inflation (Ch.5)

Read an assignment

Solve and submit problem sets

05 The Source of Growth and the Solow Model (Ch.6)

Read an assignment

Solve and submit problem sets

06 Drivers of Growth: Technology, Policy, and Institutions (Ch.7)

Read an assignment

Solve and submit problem sets

07 Business Cycles: An Introduction (Ch.8)

Read an assignment

Solve and submit problem sets

08 The IS Curve (Ch.9)

Read an assignment

Solve and submit problem sets

09 Monetary Policy and Aggregate Demand (Ch.10)

Read an assignment

Solve and submit problem sets

10 Aggregate Supply and the Phillips Curve (Ch.11)

Read an assignment

Solve and submit problem sets

11 The Aggregate Demand and Supply Model (Ch.12)

Read an assignment

Solve and submit problem sets

12 Macroeconomic Policy and Aggregate Demand and Supply Analysis (Ch.13)

Read an assignment

Solve and submit problem sets

13 Wrap-up

Read an assignment

Solve and submit problem sets

14 Final Exam

Prepare for Final Exam

Review Final Exam

Problem Sets: 50%
Final Exam: 50%

To be provided when necessary/requested

Macroeconomics: Policy and Practice 2nd Edition

Frederic S Mishkin

Pearson

9780133424386

ISBN: 9789332579439 is also available

A Concise Guide to Macroeconomics: What Managers, Executives, and Students Need to Know (2nd Edition),
Moss (2014) (Harvard Business Review Press)
ISBN: 978-1625271969

Macroeconomics, Global Edition (8th Edition),
Blanchard, Olivier (2020) (Pearson Education Limited)
ISBN: 978-1292351476

4501 Kioicho Campus

TBA