GISDepartment of Global and Interdisciplinary Studies
ECN200ZA（経済学 / Economics 200）Macroeconomics IIMacroeconomics II
Alberto Iniguez
授業コードなどClass code etc
| 学部・研究科Faculty/Graduate school | GISDepartment of Global and Interdisciplinary Studies |
| 添付ファイル名Attached documents | |
| 年度Year | 2024 |
| 授業コードClass code | A6242 |
| 旧授業コードPrevious Class code | |
| 旧科目名Previous Class title | |
| 開講時期Term | 春学期授業/Spring |
| 曜日・時限Day/Period | 金5/Fri.5 |
| 科目種別Class Type | |
| キャンパスCampus | 市ヶ谷 / Ichigaya |
| 教室名称Classroom name | 市Y‐Y801 |
| 配当年次Grade | 2～4 |
| 単位数Credit(s) | 2 |
| 備考（履修条件等）Notes | |
| 他学部公開科目Open Program | |
| 他学部公開（履修条件等）Open Program (Notes) | |
| グローバル・オープン科目Global Open Program | |
| 成績優秀者の他学部科目履修制度対象Interdepartmental class taking system for Academic Achievers | ○ |
| 成績優秀者の他学部科目履修（履修条件等）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。 |
| 実務経験のある教員による授業科目Class taught by instructors with practical experience | |
| SDGsCPSDGs CP | |
| アーバンデザインCPUrban Design CP | |
| ダイバーシティCPDiversity CP | |
| 未来教室CPLearning for the Future CP | |
| カーボンニュートラルCPCarbon Neutral CP | |
| 千代田コンソ単位互換提供（他大学向け）Chiyoda Campus Consortium | |
| 旧科目との重複履修Duplicate Subjects Taken Under Previous Class Title | |
| カテゴリー（2024年度以降入学者）Category (commenced 2024 onwards) | 200-level Intermediate Courses（中級） |
| カテゴリー（2020～2023年度入学者）Category (commenced 2020-2023) | 200-level Intermediate Courses（中級） |
| カテゴリー（2016～2019年度入学者）Category (commenced 2016-2019) |
200-level Intermediate Courses Business and Economy |
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授業の概要と目的（何を学ぶか）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.
到達目標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. Learn and apply the theory of the open economy to understand the factors that affect the economy's trade balance and exchange rate.
3. Understand the determinants of inflation, and apply the money-demand-and-supply model and the quantity equation to explain increases in the level of prices as well as its consequences.
4. Understand unemployment and the main factors that contribute to structural and frictional unemployment.
5. Learn the most important macroeconomic (Keynesian) model that is used by governments (policymakers) to formulate fiscal and monetary policies that stimulate the economy.
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?
Will be able to gain “DP 1”, “DP 2”, “DP 3”, and “DP 4”.
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)（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.
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
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)
Application: International Trade (Ch9)
Introduction to the Course (Syllabus)
The determinants of trade
The winners and losers from trade
2[対面/face to face]：Application: International Trade (Ch9)
Open-economy macroeconomics (Ch31)
The effects of a tariff
The international flows of goods and capital
The prices for international transactions
3[対面/face to face]：Open-economy macroeconomics (Ch31)
International economics (Wheelan, 2019)
A first theory of exchange-rate determination
How did a nice country like Iceland go bust? (Ch11,p.250-259)
4[オンライン/online]：Theory of the open economy (Ch32)
Supply and demand for loanable funds and the foreign-currency exchange
Equilibrium in the open economy
5[対面/face to face]：Theory of the open economy (Ch32)
International economics (Wheelan, 2019)
How policies and events affect an open economy
How did a nice country like Iceland go bust? (Ch11,p.259-267)
6[対面/face to face]：Unemployment (Ch28)
Identifying unemployment
Frictional unemployment
Structural unemployment
7[対面/face to face]：Review & midterm exam
Assess students' performance for the 1st half of the course (week 1-6).
8[オンライン/online]：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).
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 relevant material (textbook/articles/cases) and participate in class discussions. Preparatory study and review time for this class are 2 hours each.
テキスト（教科書）Textbooks
Mankiw, N. Gregory. Principles of Economics, 9th Edition. Cengage, 2021. (ISBN-13: 9780357562833). Digital version. MindTap-access code included and required to submit your assignments. (Required; sold as a bundle by Cengage at
https://www.cengageasiaestore.com/jp/principles-of-economics-mindtap-12-months-digital-access.html). Importantly, students of Macroeconomics I who bought 24-month-access codes last year should not buy the code again.
Other students should not buy the physical copy of the textbook. You should buy MindTap, 12-month-digital access, which includes the eText for "Principles of Economics", from Cengage through the link shared above. This is the REQUIRED material to submit assignments.
Cengage provides a 60% discount on the purchase to Hosei University students when using the following discount code: JPCFE2024SP (Available till 2024/5/20) Special Price: 7,120 JPY (before tax) 7,832 JPY (with tax). To obtain the discount, add the product to the cart and then apply the discount code before proceeding to checkout.
参考書References
Principles of Macroeconomics, by Stevenson and Wolfers, Worth Publishers, Second Edition (2023).
Macroeconomics, by Blanchard, Pearson, 8th Edition (2021).
Wheelan, C., "Naked Economics: Undressing the Dismal Science", Fully revised and updated, WW Norton & Company (2019).
成績評価の方法と基準Grading criteria
1. Participation: 10%
2. Homework: 20%
3. Midterm exam: 35%
4. Final exam: 35%
学生の意見等からの気づき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.
学生が準備すべき機器他Equipment student needs to prepare
A calculator and a ruler are required.
その他の重要事項Others
None
Prerequisite
Macroeconomics I. Students who have taken other economics courses need to discuss with the instructor for permission.