Department of Global and Interdisciplinary Studies

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ECN200ZA(経済学 / Economics 200)
Macroeconomics II

Alberto Javier INIGUEZ Montiel

Class code etc
Faculty/Graduate school Department of Global and Interdisciplinary Studies
Attached documents
Year 2022
Class code A6243
Previous Class code
Previous Class title
Term 春学期授業/Spring
Day/Period 金5/Fri.5
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 2~4
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) 制度ウェブサイトの3.科目別の注意事項 (1) GIS主催科目の履修上の注意を参照すること。
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 students with more knowledge of the core theories in macroeconomics, particularly on the economics of open economies, unemployment, monetary growth and inflation, and the model of aggregate demand and supply. Moreover, the role of fiscal and monetary policy to stimulate the economy will be discussed.

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 this course, students should be able to:
1. Apply macroeconomic knowledge to analyze contemporary macroeconomic issues and real-world problems.
2. Interpret macroeconomic issues and problems from the theoretical perspectives.
3. Assess macroeconomic theories in terms of their policy implications.
4. Articulate macroeconomic debates clearly, using both analytical tools and an intuitive approach.

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, with analysis of appropriate case studies related to each topic. Students are expected to read the required material prior to the 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)
Independence and the Gains from Trade (Ch3)

Introduction to the course
International trade
Absolute and comparative advantages

2[対面/face to face]:Consumers, Producers, and the Efficiency of Markets (Ch7)


Application: International Trade (Ch9)

Consumer surplus
Producer surplus
Market efficiency

The determinants of trade
The winners and losers from trade

3[対面/face to face]:Application: International Trade (Ch9)

International economics (Wheelan, 2019)

The effects of a tariff


How did a nice country like Iceland go bust? (Ch11,p.250-257)

4[対面/face to face]:Open-economy macroeconomics (Ch31)

The international flows of goods and capital
The prices for international transactions
A first theory of exchange-rate determination

5[対面/face to face]:International economics (Wheelan, 2019)


Theory of the open economy (Ch32)

How did a nice country like Iceland go bust? (Ch11,p.257-265)

Supply and demand for loanable funds and the foreign-currency exchange

6[対面/face to face]:Theory of the open economy (Ch32)

Equilibrium in the open economy

How policies and events affect an open economy

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]:Money Growth and Inflation -1 (Ch30)

The classic theory of inflation

9[対面/face to face]:Money Growth and Inflation -2 (Ch30)

The cost of inflation
Case study

10[対面/face to face]:Aggregate demand and aggregate supply -1 (Ch33)

Economic fluctuations
The aggregate demand curve
The aggregate supply curve

11[対面/face to face]:Aggregate demand and aggregate supply -2 (Ch33)

The aggregate supply curve
Two causes of economic fluctuations
Problems

12[対面/face to face]:The influence of monetary and fiscal policy on aggregate demand (Ch34)

How monetary policy influences aggregate demand

13[対面/face to face]:The influence of monetary and fiscal policy on aggregate demand (Ch34)

How fiscal policy influences aggregate demand

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)
Wheelan, C. Naked Economics: Undressing the Dismal Science, Fully
revised and updated, WW Norton & Company, 2019. (ISBN: 978-0-393-35649-6)

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

None

Prerequisite

Macroeconomics I (except for students who entered 2012 - 2015. All students who entered 2012 - 2015 can take this course.)
Students who have taken other economics courses need to discuss with the instructor for permission.