| Number | 905 |
| Subject | Income Theory and Applications |
| Title | Income Theory and Applications |
| Offered this year |
Yes |
| Instructor |
Prof. Yuko ARAYAMA
|
| Format | lecture |
| Term offered | 2nd |
| Schedule | Tue 1 |
| Credit | 2 |
| Room | Seminar Room 5,(4th floor,school of economics) |
| Course outline |
1 Introduction (1): Microeconomic Foundations of Macroeconomics 2 Introduction (2): Major Economic Indicators and National-Income Accounting 3 Economic Growth(1): Barro Interpretation of Solow Model 4 Economic Growth(2): Long-Run Economic Growth 5 Markets in Macroeconomics (1): Household Budget Constraints 6 Markets in Macroeconomics (2): Consumption, Saving and Investment 7 Economic Fluctuations: Business Cycle Model 8 Money and Prices(1): The Demand for Money 9 Money and Prices(2): Inflation, Money Growth and Interest Rates 10 The Government Sector(1):Government Budget Constraint and Expenditure 11 The Government Sector(2):Tax and Public Debt 12 Money and Business Cycles(1):The Price-Misperception Model 13 Money and Business Cycles(2):Sticky Prices and Nominal Wage Rates 14 International Macroeconomics(1):World Markets in Goods and Credit 15 International Macroeconomics(2):Purchasing-Power Parity (PPP) and Exchange Rates |
| Course objective |
A simple 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 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 practical applications of income theory toward the real world. |
| Textbooks | Robert J. Barro Macroeconomics A Modern Approach |
| Additional references |
N. Gregory Mankiw MacroEconomics, Fourth Edition Jack Hirshleifer et. Price Theory and Applications, Seventh Edition |
| Evaluation | Will be evaluated by mid-term examination and term paper |
| Prerequisites | Be prepared and have no regrets. |