| 回 | 項目 | 内容 |
| 第1回 | Introduction and Course Overview (first half part) | The instructor will go over the contents of the first half of this lecture, the schedule, the expected goal of this course, and the evaluation method. Weekly assignment will be also provided by the instructor.
From the date of the first lecture, all the participants are required to track (i) Nikkei 225 Stock Index、(ii) NY Dow, (iii) Yen/Dollar currency exchange rate, (iv) 10-year JGB yield and price, and (v) 10-year US Treasury bond yield and price by using the following link. Each participant needs to make a table to track these numbers as of the end of each Monday (i.e., one day before each class).
http://www.bloomberg.co.jp/
[Course preparation] Read through the syllabus carefully in advance. |
| 第2回 | Sketch of Japanese Economy | At the beginning of the lecture, all the participants are required to turn in their virtual portfolio (i.e., allocation of virtual one million yen to Japanese stock, U.S. stock, Japanese government bond, and U.S. government bond). Then, we will discuss how to read key macro indicators on Japanese economy.
[Course preparation] Check the following link and print out the list of GDPs (current US$) over various countries. Also, click the name “Japan” and play around the website so that you can find any interesting information about Japan.
http://data.worldbank.org/indicator/NY.GDP.MKTP.CD |
| 第3回 | How to read through the important numbers? | We will discuss how to read important indexes in financial markets.
[Course preparation] Check the following link and use the right panel labeled as “主要株価指数” to draw 5-year chart of Nikkei 225 Stock Index. Also, find the most important news affecting the stock price index over the last five years.
http://www.bloomberg.co.jp/ |
| 第4回 | Topic-1 Abenomics and more (i) | We will go over the recent topics related to Japanese monetary policy as one of the main features of Abenomics.
[Course preparation] Download the course material posted in EcoLink and read through it. |
| 第5回 | Topic-1 Abenomics and more (ii) | We will go over the package of recent Japanese fiscal policy as one of the main features of Abenomics.
[Course preparation] Download the course material posted in EcoLink and read through it. |
| 第6回 | Topic-1 Abenomics and more (iii) | We will list up the various items in the proposed "growth strategy" as one of the main features of Abenomics. Note that we will also discuss who will present their research topic in the next week.
[Course preparation] Download the course material posted in EcoLink and read through it. |
| 第7回 | First presentation | Course participants planning to write a project proposal on Abenomics will present their research topic.
[Course preparation] Assigned presenters need to send their presentation slide to the instructor no later than the day before this 7th lecture. |
| 第8回 | Topic-2: Economic growth in Japan (i) | We will go over the features of postwar high growth period by using data and actual episodes.
[Course preparation] Download the course material posted in EcoLink and read through it. Also, read through the corresponding part of the textbook (i.e., The Japanese Economy, third edition by David Flath). |
| 第9回 | Topic-2: Economic growth in Japan (ii) | We will discuss how to apply Solow's growth model to the postwar high growth period.
[Course preparation] Download the course material posted in EcoLink and read through it. Also, read through the corresponding part of the textbook. |
| 第10回 | Topic-3: Bubble economy (i) | We will go over the features of the property bubble in 1980s by using data and actual episodes.
[Course preparation] Download the course material posted in EcoLink and read through it. Also, read through the corresponding part of the textbook. |
| 第11回 | Topic-3: Bubble economy (ii) | We will discuss the explanation for bubble economy in the context of economics (i.e., rational bubble vs. irrational bubble, comparison with other countries)
[Course preparation] Download the course material posted in EcoLink and read through it. Also, read through the corresponding part of the textbook. |
| 第12回 | Topic-4: Banking crisis in 1990s | We will go over the features of the banking crisis in 1990s by using data and actual episodes. Then, we will discuss the cause and consequence of the crisis. Note that we will also discuss who will present their research topic in the next week.
[Course preparation] Download the course material posted in EcoLink and read through it. Also, read through the corresponding part of the textbook. |
| 第13回 | Third presentation | Course participants planning to write a project proposal on economic growth in Japan, bubble, or banking crisis will present their research topic. The instructor also announces the best performance award based on the virtual portfolio constructed at the beginning of the course.
[Course preparation] Assigned presenters need to send their presentation slide to the instructor no later than the day before this 13th lecture. |
| 第14回 | Review session | Review the first half of this course |
| 第15回 | Summary session | Summarize the first half of this course |
| 第16回 | Introduction and Course Overview (second half part) | The instructor will go over the contents of the second half of this lecture, the schedule, the expected goal of this course, and the evaluation method. Weekly assignment will be also provided by the instructor.
From the date of the first lecture, all the participants are required to track (i) Nikkei 225 Stock Index、(ii) NY Dow, (iii) Yen/Dollar currency exchange rate, (iv) 10-year JGB yield and price, and (v) 10-year US Treasury bond yield and price by using the following link. Each participant needs to make a table to track these numbers as of the end of each Monday (i.e., one day before each class).
http://www.bloomberg.co.jp/
[Course preparation] Read through the syllabus carefully in advance. |
| 第17回 | Topic-1: Asian Currency Crisis 1997-98 (i) | At the beginning of the lecture, all the participants are required to turn in their virtual portfolio (i.e., allocation of virtual one million yen to Japanese stock, U.S. stock, Japanese government bond, and U.S. government bond). Then, we will go over the features of the Asian currency crisis in the 1990s by using data and actual episodes.
[Course preparation] Download the course material posted in EcoLink and read through it. Also, read through the corresponding part of the textbook. |
| 第18回 | Topic-1: Asia Currency Crisis 1997-98 (ii) | We will discuss the causes and consequences of the crisis. The topics include the basic concepts of currency exchange rate, international money flow, and international transmission mechanism of various shocks.
[Course preparation] Download the course material posted in EcoLink and read through it. Also, read through the corresponding part of the textbook. |
| 第19回 | Topic-2: Lost two decades (i) | We will go over the features of the aggregate-level real economic activities in Japan through 1990s and 2000s.
[Course preparation] Download the course material posted in EcoLink and read through it. Also, read through the corresponding part of the textbook. |
| 第20回 | Topic-2: Lost two decades (ii) | We will discuss several potential causes of the lost two decades.
[Course preparation] Download the course material posted in EcoLink and read through it. Also, read through the corresponding part of the textbook. |
| 第21回 | Topic-2: Lost two decades (iii) | We will discuss several research outcomes in the context of productivity analysis, which we can employ to understand the change in Japanese economy over the last two decades.
[Course preparation] Download the course material posted in EcoLink and read through it. Also, read through the corresponding part of the textbook. We will also discuss who will present in the next session. |
| 第22回 | First presentation | Course participants planning to write a project proposal on the currency crisis of the lost two decades will present their research topic.
[Course preparation] Assigned presenters need to send their presentation slide to the instructor no later than the day before this 7th lecture. |
| 第23回 | Topic-3: Financial Crisis in the late 2000s (i) | We will go over the features of the key indicators in financial markets and real economy before and after the financial crisis.
[Course preparation] Download the course material posted in EcoLink and read through it. Also, read through the corresponding part of the textbook. |
| 第24回 | Topic-3: Financial Crisis in the late 2000s (ii) | We will discuss the potential causes of the financial crisis in the late 2000s (i.e., securitized product market)
[Course preparation] Download the course material posted in EcoLink and read through it. Also, read through the corresponding part of the textbook. |
| 第25回 | Topic-3: Financial Crisis in the late 2000s (iii) | We will go over the introduced (and proposed) regulatory reforms after the financial crisis and the recent episodes in China related to the financial crisis.
[Course preparation] Download the course material posted in EcoLink and read through it. Also, read through the corresponding part of the textbook. |
| 第26回 | Topic-4: Natural disasters (i) | We will go over the physical and economic impacts of the massive earthquakes in Japan (i.e., Hanshin-Awaji and East-Japan)
[Course preparation] Download the course material posted in EcoLink and read through it. Also, read through the corresponding part of the textbook. |
| 第27回 | Topic-4: Natural disasters (ii) | We will discuss the economic impact of the two earthquakes in more detail by using firm-level data.
[Course preparation] Download the course material posted in EcoLink and read through it. Also, read through the corresponding part of the textbook. |
| 第28回 | Second presentation | Assigned presenters need to send their presentation slide to the instructor no later than the day before this 13th lecture. |
| 第29回 | Review session | Review the second half of this course |
| 第30回 | Summary session | Summarize the second half of this course |
