Class code A5507
Year 2020
Faculty/Graduate school GBP (Global Business Program)
Previous Class title
Attached documents
Category 専門教育科目/Subjects of Business Administration
専門基礎科目/Introductory Subjects of Business Administration
Term 春学期授業/Spring
Credit(s) 2
Day/Period 水3/Wed.3
Campus 市ヶ谷 / Ichigaya
Grade 1~4
Open Program
Global Open Program
Interdepartmental class taking system for Academic Achievers
Class taught by instructors with practical experience

【授業の概要と目的(何を学ぶか) / Outline and objectives】
This course provides an introduction to (1) the Japan's macroeconomic characteristics, (2) the Japan's current economic issues, and (3) the basic economic principles and methods.

After providing a brief history of the Japanese economy and the basic analytical tools of economics, it mainly focuses on Japan’s labor markets, financial markets, corporate finance and capital investments, international transactions, and economic policies from the 1980s onward. Comparison with the other developed economies and emerging economies is frequently done.

By the end of the semester, you are expected to be able to utilize the theoretical and empirical tools practiced in this class to generate practical policy recommendations for Japan’s major economic problems.

【到達目標 / Goal】
This course is designed to provide students with opportunities to gain a basic understanding of the Japanese economy. The particular goals can be summarized as follows:
1. To learn the history of the Japanese economy after WWII
2. To learn the basic features of Japanese households, firms, and the government and to apply conventional economic theory to understand their behaviors
3. To strengthen analytical skills by discussing the strengths and limitations of Japan's corporate system, labor markets, economic policy, and so forth

【この授業を履修することで学部等のディプロマポリシーに示されたどの能力を習得することができるか(該当授業科目と学位授与方針に明示された学習成果との関連) / Which item of the diploma policy will be obtained by taking this class?】
This course is strongly related to the "DP1-3", "DP2-1", "DP2-2", "DP3" and "DP4" diploma policies and fairly related to the "DP1-1", "DP1-2", "DP1-4" and "DP5" policies.

【授業で使用する言語 / Default language used in class】
英語 / English

【授業の進め方と方法 / Method(s)】 (2020年度はオンライン授業の実施に伴い、変更の可能性があります。変更は学習支援システム等で提示します。/Method(s) may change depending on the online lesson.Changes will be reflected in the Learning Management System, etc.)
This course mainly comprises lectures, slideshows, in-class activities, and discussions. All class materials are distributed through the online “H'etudes” system.

【アクティブラーニング(グループディスカッション、ディベート等)の実施 / Active learning in class (Group discussion, Debate.etc.)】
あり / Yes

【フィールドワーク(学外での実習等)の実施 / Fieldwork in class】
なし / No

【授業計画 / Schedule】


回 / No. テーマ / Theme 内容 / Contents
1 Introduction Syllabus guidelines; an overview of the Japanese economy's postwar macroeconomic performance.
2 Japan in the World 1 The Japanese economy's postwar macroeconomic performance; basic economic statistics, such as GDP and its components.
3 Japan in the World 2 The Japanese economy's postwar macroeconomic performance; the nation's interactions with the rest of the world.
4 Economic Growth What are the determinants of economic growth?
6 Labor and Firms 1 Characteristics of Japanese labor markets and firms; Understanding Japanese labor market.
7 Labor and Firms 2 Characteristics of Japanese labor markets and firms; Understanding the relationship between labor and firms
8 Money The role of money circulating in the economy.
8 Monetary Policy The basics of monetary policy and its problems.
9 Interest Rates The role of interest rates in the economy.
10 Capital Formation Interest rates' role in explaining corporate capital investments and their accumulation, i.e., capital.
11 Growth Accounting and Potential Growth The potential power of the Japanese economy explained in terms of labor, capital, and total factor productivity
12 Government 1 The role of government in economic policy; long-term economic policy.
13 Government 2 The role of government in economic policy; short-term economic policy.
14 International Trade and Finance Japan's exports and imports; the role of cross-border financial transactions with the rest of the world.

【授業時間外の学習(準備学習・復習・宿題等) / Work to be done outside of class (preparation, etc.)】
Students are expected to read the assigned materials and contribute to class discussions. Preparatory study and review time for this class are 2 hours each.

【テキスト(教科書) / Textbooks】
Greg Mankiw (2020), Principles of Economics (Latest Online Edition), Cengage.

You SHOULD NOT buy this textbook before the first class meeting since a special discount will be available for the students of this lecture. This textbook is not just a simple online textbook. This online textbook provides e-textbook, readings, study tools, videos, homework, quizzes, and other activities. The price might change but it will be around JPY 6000.

【参考書 / References】
1. Papers and newspaper articles will be assigned throughout the semester.
2. Annual Report on the Japanese Economy and Public Finance.
3. Naoyuki Yoshino et al. (2010), The Post War Japanese Economy, Yuhikaku.ISBN: 9784641163256.
4. David Flath (2014), The Japanese Economy (3rd Edition), Oxford University Press. ISBN: 9780198702405.

【成績評価の方法と基準 / Grading criteria】
Problem sets: 45%; class participation: 15%; final exam: 40%. If you are a 4th-year student, the weight of class participation can be decreased. Last year, the fail rate was 5%.

【学生の意見等からの気づき / Changes following student comments】
I tried to design this course to motivate students to be interested in learning economic ideas and to understand why those ideas are powerful.

【その他の重要事項 / Others】
This course has no prerequisites. I strongly encourage students to take Principles of Macroeconomics, Principles of Microeconomics, Business Management in Japan, Japanese Innovation Management, Human Resource ManagementⅠ/Ⅱ, and Corporate Finance after taking this course.

Please note that if the number of students attending the first class significantly exceeds expectations, in order for the instructor to effectively manage the class, the number of students who are allowed to register for the course may be limited.