Department of Global and Interdisciplinary Studies

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ECN100ZA(経済学 / Economics 100)
Macroeconomics I

Alberto Javier INIGUEZ Montiel

Class code etc
Faculty/Graduate school Department of Global and Interdisciplinary Studies
Attached documents
Year 2022
Class code A6184
Previous Class code
Previous Class title
Term 春学期授業/Spring
Day/Period 金4/Fri.4
Class Type
Campus 市ヶ谷 / Ichigaya
Classroom name 各学部・研究科等の時間割等で確認
Grade 1~4
Credit(s) 2
Notes
Open Program
Open Program (Notes)
Global Open Program
Interdepartmental class taking system for Academic Achievers
Interdepartmental class taking system for Academic Achievers (Notes)
Class taught by instructors with practical experience
SDGs CP
Urban Design CP
Diversity CP
Learning for the Future CP
Carbon Neutral CP
Chiyoda Campus Consortium
Duplicate Subjects Taken Under Previous Class Title
Category (commenced 2024 onwards)
Category (commenced 2020-2023)
Category (commenced 2016-2019)

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Outline and objectives

This course will provide an overview of macroeconomic issues: the determination of output, the cost of living and inflation, production and growth, and the financial and monetary systems. It introduces basic concepts of macroeconomics and illustrates the principles with the experiences of the developed and developing economies.

To prepare students for embarking confidently on their journey in the world of economic analysis and for seriously analyzing the economic signals and data we all face daily to be able to justify views and opinions with sound economic reasoning.

Goal

By the end of the course, students will be able to:
1. Understand the overview of economics and the fundamental framework of macroeconomics
2. Know about policy implications in macroeconomics
3. Apply the knowledge to conduct case studies
4. Relate real-life economic issues to macroeconomic theories and analyze these issues with the tools learned in this course.

Which item of the diploma policy will be obtained by taking this class?

Will be able to gain “DP 1”, “DP 2”, “DP 3”, and “DP 4”.

Default language used in class

英語 / English

Method(s)(学期の途中で変更になる場合には、別途提示します。 /If the Method(s) is changed, we will announce the details of any changes. )

This course will be mainly conducted through lectures. Students are expected to read the required material prior to each lecture to discuss and solve problems in class. Assignments and related feedback will be given via the learning-management system. Additionally, midterm-exam and in-class-assignment feedback will be provided in class.

Active learning in class (Group discussion, Debate.etc.)

あり / Yes

Fieldwork in class

なし / No

Schedule

授業形態/methods of teaching:対面/face to face

※各回の授業形態は予定です。教員の指示に従ってください。

1[オンライン/online]:Introduction to the Course (Syllabus)
Ten Principles of Economics (Ch1)

Introduction to the course
Economics and scarcity
Principles of economics

2[対面/face to face]:Ten Principles of Economics (Ch1)
Thinking Like an Economist (Ch2)

Principles of economics
Economics as science
Economists as policy advisors

3[対面/face to face]:Thinking Like an Economist (Ch2)

The circular-flow diagram
The production possibilities frontier

4[対面/face to face]:Independence and the Gains from Trade (Ch3)

International trade theory
Absolute and comparative advantages
Case study

5[対面/face to face]:Measuring a Nation's Income (Ch23)

The economy's income and expenditure
The components of GDP

6[対面/face to face]:Measuring a Nation's Income (Ch23)

Real versus nominal GDP
Is GDP a good measure of economic well-being?
Problems

7[対面/face to face]:Review & midterm exam

Assess students' performance for the 1st half of the course (week 1-6).

8[対面/face to face]:Measuring the Cost of Living (Ch24)

Inflation, the consumer price index (CPI), GDP deflator versus the CPI

9[対面/face to face]:Measuring the Cost of Living (Ch24)

Correcting economic variables for the effects of inflation
Problems

10[対面/face to face]:Production and Growth (Ch25)

Economic growth
Productivity
Economic growth and public policy

11[対面/face to face]:Production and Growth (Ch25)
Saving, Investment, and the Financial System -1 (Ch26)

Economic growth and public policy
The East-Asian Miracle
Financial institutions in the economy
Saving and investment

12[対面/face to face]:Saving, Investment, and the Financial System -2 (Ch26)
The Monetary System (Ch29)

The market for loanable funds
Problems
The meaning of money

13[対面/face to face]:The Monetary System (Ch29)

The Federal Reserve system
Banks and the money supply

14[対面/face to face]:Review & final exam

Assess students' performance for the 2nd half of the course (week 8-13).

Work to be done outside of class (preparation, etc.)

Students are expected to read the relevant material (textbook/articles/cases) and to participate in class discussions. Preparatory study and review time for this class are 2 hours each.

Textbooks

Mankiw, N. Gregory. Principles of Economics, 9th Asia Edition. Cengage, 2021. (ISBN-13: 9780357562833). Digital version. You must buy a MindTap access code as well to submit your assignments. (Required; sold as a bundle)

References

Blanchard, O. Macroeconomics, 8th Edition, Pearson, 2021. (ISBN: 978-0-13-489789-9)

Grading criteria

1. Participation: 10%
2. Homework: 20%
3. Midterm exam: 35%
4. Final exam: 35%

Changes following student comments

Students are encouraged to provide feedback and suggestion regarding the course. Constructive suggestion is appreciated and may be taken for course adjustment.

Equipment student needs to prepare

A calculator and a ruler are required.

Others

Students who have completed Understanding Macroeconomics can not take this course.

Prerequisite

None.