講義名 Japanese Finance andBankingⅠ ≪◇学部≫
講義開講時期 前期
曜日・時限 金4
単位数 2

担当教員
氏名
才木 あや子

学習目標(到達目標) In this course we will study basic structures of financial markets, various financial products (including derivatives), interaction with monetary policy, exchange rate, etc. We also discuss the current circumstances/problems of Japanese banking system and monetary policy.
授業概要(教育目的) The purpose of this class is to build a basic knowledge about financial markets in general, with a special focus on Japan. In addition, we will discuss problems that Japanese financial system face today.
授業計画表
 
項目内容
第1回Introduction Review of basic macroeconomic principles that are needed to understand the course; the introduction of the course
第2回Five core principles of money and bankingReview of the five core principles set out in the textbook (Chapter 1)
第3回MoneyWhat is money; definition of money; meaning of money; liquidity (Chapter 2)
第4回Financial Instruments; Financial Markets Basic principles of financial instruments (valuation, derivatives, etc); Review of structure of financial markets, with some focus on Japan, in comparison with the US (Chapter 3)
第5回Financial InstitutionBasic structure of financial industry, with application of Japan (Chapter 3)
第6回Future value, present value and int interest ratesThe definition of interest rate and its relationship with future/present value (Chapter 4)
第7回Risk and return Understand risk, how to measure it, risk premium, risk diversification (Chapter 5)
第8回Bond and interest ratesWhat is bond; different types of bond; bond markets; risk of bond (Chapter 6)
第9回The risk and term structure of interest ratesYield curve; term structure; bond ratings (Chapter 7)
第10回Stock marketEssential characteristics of common stock; Indices (Nikkei, Dow Jones, etc.) (Chapter 8)
第11回Stock marketWhy we need stocks, the valuation of stocks, risk of stocks, the theory of efficient markets (Chapter 8)
第12回DerivativesBasic concept of derivatives; futures/forwards, options, swaps
第13回Foreign exchangeForeign exchange rate basics; the determinants of exchange rate in the short and long-run; the relationship between exchange rate and prices
第14回The yen from 1945 to nowWe review the different exchange rate regime Japan has taken since the end of the war.
第15回Review for the final examWe review what we have learnt in the class, to prepare for the final exam
授業形式 Although attendance will not be checked, there will be three "surprise" small tests (called quizz). It is your responsibility to keep attendance and there will be no excuse of missing the quizz.
評価方法
定期試験 レポート 小テスト 授業への
参画度
その他 合計
70% 0% 30% 0% 0% 100%
テキスト Money, Banking and Financial Markets (2016) Stephen G. Cecchetti and‎ Kermit L. Schoenholtz.
参考文献 Will be announced during the course.
オフィスアワー(授業相談) Friday 9:00 - 10:30 or by appointment.
事前学習の内容など,学生へのメッセージ No laptops, smartphones, or tablets are allowed (the slides will be made available after the class). If you talk and disturb other students, you will be asked to leave. Any student found cheating in exams (including quizzes) will receive an “F” for the entire course.