Numbering Code	G-ENG01 5F203 LE73 G-ENG02 5F203 LE73	Year/Term	2022 ・ First semester
Number of Credits	2	Course Type	Lecture
Target Year		Target Student
Language	English	Day/Period	Mon.4
Instructor name	MATSUSHIMA KAKUYA (Graduate School of Engineering Associate Professor)
Outline and Purpose of the Course	The structure of the economy of a nation will be explained using the concepts of the macroeconomic model, input-output analysis, and the general equilibrium model in order to understand the budget of central governments or municipalities and public fiscal policy concerning its execution. Specifically, the definition of GDP and SNA (System of National Accounts), input-output analysis and general equilibrium analysis, the IS-LM model and the AD-AS model in Keynesian macroeconomics, the international economic model, and the economic growth model will be explained while taking up specific examples.
Course Goals	Understanding the budget of the central government or municipalities and the public finance of its execution
Schedule and Contents	Outline (1 time) The overall flow of the lecture will be explained. GDP and social accounting (2 times) The definition of GDP and the principle of equivalence of three aspects will be explained. Input-output table and general equilibrium model (2 times) The input-output table explaining the flow of transactions between industries, and the role of the general equilibrium model using it will be explained. IS-LM Model (2 times) The IS-LM model for the goods and financial markets will be explained. International economics (2 times) The balance of payments and foreign exchange, as well as the IS-LM model considering international transactions will be explained. AD-AS Model (2 times) The AD-AS model for the middle term will be explained. Economic growth model (2 times) The economic growth model analyzing long-term economic growth will be explained. Summary (1 time) Summary of the entire course and confirmation of learning achievements <> Feedback (1 time) Feedback of the class
Evaluation Methods and Policy	Points given for class participation (attendance, reports, quizzes, etc.) make up 30 to 40%. The final examination makes up 60 to 70%.
Course Requirements	Preliminary knowledge on microeconomics (“public economics” subject of the Global Engineering Department) is desirable.
Study outside of Class (preparation and review)	It is advisable to read newspaper/articles in macroeconomics in advance.
References, etc.	Dornbusch et al., Macroeconomics 13rd edition, Mcgrow-hill, 2017
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