Subject Special Lectures for Advanced Subjects (Advanced Income Theory I) (E)
Semester, Date and Period of the class
Spring Semester Tuesday, 3rd Period
Subject selection Specialized Courses Years 1-2
Instructor Yuko ARAYAMA
Purpose and aim of the class:
An economy consists of households, firms and government. Market is manmade device to connect them each other. Income theory has been serving as a tool to analyze the determination of national income, economic growth and the reasons for its fluctuation. This course is intending not only to promote understanding core of income theory but to enhance a sense of research ability and practical applications of income theory toward the real world.
Class content
1 The Economy in the Long Run: Aggregate Production Function 2 The Economy in the Long Run: Economic Growth
3 The Economy in the Long Run: Production, Distribution and Allocation
4
The Economy in the Long Run:
Measuring the Value of Economic Activity- National Income Accounting
5 The Economy in the Long Run: Open Economy
6 The Microeconomics behind Macroeconomics: Consumption 7 The Microeconomics behind Macroeconomics: Investment
8 The Microeconomics behind Macroeconomics: Money Supply and Money Demand
9 The Economy in the Short Run: Aggregate Demand I- Markets in Aggregate Economy 10 The Economy in the Short Run: Aggregate Demand II- Building the IS-LM Model 11 The Economy in the Short Run: Aggregate Demand III- Applying the IS-LM Model 12 The Economy in the Short Run: Aggregate Demand and Aggregate Supply
13 The Economy in the Short Run: Fiscal Policy and Monetary Policy
14 The Economy in the Short Run: Open Economy Revised- Mundell-Fleming Model 15 Toward the Microeconomic Foundation of Macroeconomics
Evaluation:
Evaluation will be based on mid-term and final examination. Direction for preliminary study:
Knowledge on any introductory income theory is useful. Textbooks and Reference books:
㧔Textbook㧕 N. Gregory Mankiw Macroeconomics, Sixth Edition 㧔Reference㧕Robert J. Barro Macroeconomics A Modern Approach Notice to students:
This lecture will be given in English.
Continuous participation and concentration to lecture is a key to enhance rigorous understandings.
