Numbering Code	U-ECON00 20104 LJ43	Year/Term	2022 ・ Second semester
Number of Credits	2	Course Type	Lecture
Target Year	From 2nd to 4th year students	Target Student
Language	Japanese	Day/Period	Thu.2
Instructor name	NISHIYAMA SHINICHI (Graduate School of Economics Professor)
Outline and Purpose of the Course	The classical and business cycle theories covered in Macroeconomics 1 are expanded in Macroeconomics 2, covering the economies with import, export, and capital movement as well as the long-term economic growth theory. Following this, we will delve deeper into theories through the dynamic models of the business cycle and the models of consumer and investment behaviors, also introducing various perspectives on the effects of economic stabilization and medium- to long-term fiscal and monetary policies. Since this course, in conjunction with Macroeconomics 1 of the previous term, is framed to complete Intermediate Level Macroeconomics, students should take both courses.
Course Goals	Students will learn how to analyze macroeconomic trends and policies by studying long-term economic growth theory, after expanding classical theory dealing with medium-term economic fluctuations and business cycle (Keynes) theory dealing with short-term economic fluctuations from a closed economy to an open economy, respectively, and acquire the basic tools indispensable for doing so in a well-balanced manner. In addition, they will understand the micro-fundamentals of macroeconomic theory through dynamic models of business cycles, models of consumer behavior and corporate investment, and ultimately develop the ability to analyze the effects of economic stabilization policies and medium- to long-term fiscal monetary policy on the economy .
Schedule and Contents	Week 1: Introduction and Review of Macroeconomics 1 Week 2-3: Open Economy: Classical Theory (I-Chapter 6) Week 3-4: Open Economy: The Theory of Business Cycle (I-Chapter 11) Week 5-6: Growth Theory: Capital Accumulation and Population Growth (II-Chapter 1) Week 6-7: Growth Theory: Technology, Demonstration, and Policy (II-Chapter 2) Week 8-9: Dynamic Model of Economic Change (II-Chapter 3) Week 9-10: Theory of Consumer Behavior (II-Chapter 4) Week 11: Investment Theory (II-Chapter 5) Week 12: Different Ways of Thinking about Stabilization Policies (II-Chapter 6) Week 13: Government Debt and Budget Deficit (II-Chapter 7) Week 14: Financial Systems: Opportunities and Crises (II-Chapter 8)
Evaluation Methods and Policy	Final examination (80%) and simple homework (4 assignments, 20%) are used for the evaluation.
Course Requirements	None
Study outside of Class (preparation and review)	Students should attend all classes unless unavoidable, read and review textbooks and lecture slides, solve homework questions and end-of-chapter questions from the textbook to cement understanding, and ask questions early if there are doubts.
Textbooks	Textbooks/References	N グレゴリー・マンキュー(著) 足立英之、地主敏樹、中谷武、柳川隆(訳) "マンキュー　マクロ経済学 I 入門篇（第４版）" (東洋経済新報社) ISBN:978-4-492-31504-0, N グレゴリー・マンキュー(著) 足立英之、地主敏樹、中谷武、柳川隆(訳) "マンキュー　マクロ経済学 II 応用篇（第４版）" (東洋経済新報社) ISBN:978-4-492-31510-1
References, etc.	N. Gregory Mankiw "Macroeconomics (10th Edition)" (Worth Publishers) ISBN:1319243584 ペーパーバック版, Olivier Blanchard "Macroeconomics, Global Edition (7th Edition)" (Pearson Education Limited) ISBN:1292160500 ペーパーバック版
Related URL