| 回 | 項目 | 内容 |
| 第1回 | Introduction and Course Overview | The instructor will go over the contents 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 | 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3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4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5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6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7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8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9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10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11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12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13回 | Second presentation | 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 course material |
| 第15回 | Summary of the course | Summarize the course material |
