Basic Monetary Economics

Numbering Code G-ECON31 6A213 LJ43 Year/Term 2021 ・ First semester
Number of Credits 2 Course Type Lecture
Target Year Target Student
Language Japanese Day/Period Thu.3
Instructor name SHIMAMOTO TETSUROU (Graduate School of Economics Professor)
Outline and Purpose of the Course There is a big gap between macroeconomics taught in the class of graduate school and that of undergraduate level. The primary object of this course is to fill the gap. To achieve this goal, this course will begin with showing some examples of how we can rewrite the contents of textbooks for undergraduate students, which are described intuitively using graphs into those for graduate students, which are explained strictly using mathematics(i.e.,analysis and linear algebra) . The course will also present the way of solving dynamic optimization problems, which is necessary to read any textbook on macroeconomics for graduate students.
Course Goals To gain the basic abilities necessary to learn macroeconomic theory taught in the class of graduate school.
Schedule and Contents  Week 1: Introduction _  
Weeks 2~5: Mathematical preparation (1) Basic analysis and linear algebra 
Weeks 6&7: Comparative statics and the correspondence principle
Week 8: Mathematical preparation (2) Differential equation
 Week 9: Solow's neoclassical growth theory
 Weeks 10~12:Mathematical preparation (3):Dynamic Optimization
 Weeks 13 & 14 Ramsey's optimal growth model
 Week 15: Feedback 
Evaluation Methods and Policy In the case the number of the students attending the course is large, grading will be given based on the results of the examinations alone. In the case that is small, grading will be given based on not only exam results(70%) but also earnestness of the activities in the class such as asking questions and participating in the discussion(30%).
Course Requirements  Applicants must have full knowledge of undergraduate microeconomics and macroeconomics as well as high school-level mathematics.
Study outside of Class (preparation and review) This class makes considerable use of mathematics, so those with difficulties in the subject should have finished reviewed high school mathematics at least by mid-April. Of course, reviewing the mathematical methods used in the class is crucial, too.
References, etc. Introduced in the course
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