講義名 国際金融論（英）Ⅱ　≪◇学部≫
講義開講時期 後期
曜日･時限 火４
単位数 2

担当教員
氏名
黒沢　義孝

学習目標(到達目標) The goal of this lecture is to understand basic theories and practical uses on capital mobility and macro economy including fiscal policy and monetary policy. Students are also expected to learn presentations on what they have studied in this class.
授業概要(教育目的) International Finance has become complicated due mainly to the increased international capital mobility and globalization in the world economy. The lecture focuses on the financial effects and influences between the countries by fiscal and monetary policy under the globalized economy.
授業計画表
 
回項目内容
第1回Introductory GuidanceBe strongly advised to read through the Power Point handouts and to prepare the homework for the lecture in advance.
第2回International Capital Mobility and Macro Economy (1)Fiscal and Monetary Policy (1) Key words in the International Finace, lift of regulations, Classical Economic model, are Great Depression in 1929 and 2008 are to be lectured.
第3回International Capital Mobility and Macro Economy (2)Fiscal and Monetary Policy (2) Nixon shock in 1971, Global effects on Fiscal and Monetary Policy, Classical Model vs. Keynes Model, and Impact by fiscal and monetary model are to be lectured.
第4回International Capital Mobility and Macro Economy (3)Fiscal and Monetary Policy (3) Basics of Fiscal Policy in theory, Fiscal Policy by IS curve, Effect of Fiscal Policy, Basics of Monetary Policy in theory are to be lectured.
第5回International Capital Mobility and Macro Economy (4)Exercise on Mundell- F. Model Interest rate & GDP, trade balance and GDP, Combined GDP/TB/I, Fiscal Policy and Monetary Policy under Capital Mobility covered by Mundell-Fleming model are to be lectured.
第6回Sovereign Credit Ratings for Sovereign Bonds (1)Role and theory of Credit Rating. Risk and return relationship, information effect by credit risk, and evaluation of credit risk information by credit rating agencies are to be lectured.
第7回Sovereign Credit Ratings for Sovereign Bonds (2)Methodology on Credit Rating. Evaluating methodology of government bonds is to be lectured.
第8回Student Presentation (1)about International Capital Mobility and Macro Economy Academic paper on Interest rate parity hypothesis is summarised and presented by students.
第9回Student Presentation (２)about International Capital Mobility and Macro Economy. Academic paper on Interest rate parity hypothesis is summarised and presented by students.
第10回Student Presentation (３)about International Capital Mobility and Macro Economy. Academic paper on Purchasing power parity hypothesis is summarised and presented by students.
第11回Student Presentation (４)about International Capital Mobility and Macro Economy. Academic paper on Purchasing power parity hypothesis is summarised and presented by students.
第12回Student Presentation (５)about International Capital Mobility and Macro Economy. Academic paper on Purchasing power parity hypothesis is summarised and presented by students.
第13回Topics in the current years on International FinanceTopics will be presented to the students in advance. Topics are to be chosen from Fisal and Monetary Policy, and Credit Ratings.
第14回Making sure of Student Understanding for this courseTopics will be presented to the students in advance. Topics are to be chosen from Fisal and Monetary Policy, and Credit Ratings.
第15回Summarizing the contents for this courseSummary for this subject
授業形式 Two major items -International Capital Mobility and Sovereign Credit ratings- will be lectured. Student presentation and debates are planned in order to enhance to understanding the contents and expressing opinions in English.
評価方法
定期試験 レポート 小テスト 講義態度
（出席） 		その他 合計
0% 0% 40% 40% 20% 100%
評価の特記事項 Presentations and writing minute papers are the most important points for grading.
テキスト Copies and materials regarding to the lecture are handed out during the class.
参考文献 (1) N. Gregory Mankiw, “Macroeconomics, fourth edition.” (2) R. Caves, J. Frankel and R. Jones, “World Trade and Payments: An Introduction” 9th edition.
オフィスアワー(授業相談) Tuesday 12:10-13:00
事前学習の内容など，学生へのメッセージ Hearing, writing and speaking ability in English are expected to preferably be higher than average.