Macroeconomic Policy Program: Master's Programs (International Programs) -- Prospective Students

Master's Programs (International Programs)

Macroeconomic Policy Program

The Macroeconomic Policy Program is a professionally oriented program designed to train modern macroeconomic policy makers and professionals who need to understand macroeconomic fluctuation and the roles of monetary and fiscal policies in domestic and global economies. It emphasizes education in principles and theories of macroeconomics, combining rigorous training in analytical and quantitative methods with emphasis on macroeconomic policy analysis, design, and implementation.
MEP is a new program developed from the successful tradition of the Transition Economy Program, which has been a partner of the Japan-IMF Scholarship Program for Asia Pacific (JISPA) since the inception of JISPA.

Target Group

The program is primarily aimed at government officials who are involved in designing and implementing macroeconomic policies, and professionals who need to understand macroeconomic fluctuations and the roles of monetary and fiscal policies.

Program Design

Both one-year and two-year MEPs are offered. The one-year MEP requires 34 credits for graduation and grants a Master of Public Policy; the two-year MEP requires 44 credits and grants a Master of Arts in Public Economics. Qualified students with tight working schedules are encouraged to apply for the oneyearMEP. Qualified candidates who have flexible working schedules, are willing to devote more time to thesis writing, and have a desire to develop more advanced analytical skills are welcomed to the two-year MEP.
The curricula are designed around four pillars: Macroeconomics, Microeconomics, Financial Economics, and Econometrics. The curricula consist of five components: required courses, a policy paper (oneyear)/thesis (two-year), quantitative analysis courses, disciplinary courses, and other electives. The required courses and quantitative analysis courses provide solid training in principles and theories of macroeconomics and practical analytical skills for designing and evaluating macroeconomic policies. The variety of disciplinary courses gives students the chance to select courses for developing their specialization in specific areas of interests, such as monetary policy, fiscal policy, international trade, financial markets,etc.
The writing of policy papers/theses will be closely supervised by experienced core faculty members through seminars. In addition, the bi-weekly GRIPS forum provides an excellent opportunity for students to understand major economic and political issues in Japan and the world. The weekly economic seminars open students' eyes to the frontier of economic research.

Macroeconomic Policy Program (One year) Curriculum 2011/2012 (as of October 2011)

https://gast.grips.ac.jp/syllabus/
Category		Course Name	Instructor
I Required Courses		Microeconomics I	Sim
		Macroeconomics I	Esteban-Pretel
		Microeconomics II	Sim
		Macroeconomics II	Esteban-Pretel
		Introduction to Applied Econometrics	Pfau
		Public Economics	TBA
		International Finance	Hsu
		Policy Paper Seminar I	TBA
		Policy Paper Seminar II	TBA
II Elective Courses I (minimum 2 courses)		Applied Time Series Analysis for Macroeconomics	TBA
		Mathematics for Economic Analysis	Yoshida
		Economic Modeling for Policy Simulations	Hosoe
		Statistics	Tsuchiya, Morohosi, Yoshida
		Quantitative Social Systems Analysis	Oyama, Tsuchiya
III Elective Courses II (minimum 5 courses)		Monetary Economics (Money and Banking)	Pfau
		Government and Market	Kidokoro
		International Trade	TBA
		Contemporary Japanese Economy	Kojima
		Japanese Economy	Okita
		Financial Economics	Kubota
		Accounting and Financial Management I	Lee
		Accounting and Financial Management II	Lee
		Fiscal and Monetary Policies in Japan	Ishida
		Modernization of Financial Sector	Yoshikuni
		Finance and Economic Growth	Jeong
		Environment and Sustainable Development	Otsuka
		Trade and Industrial Development	Sonobe
		Project Cycle Management and International Development Evaluation	Koga
		Game Theory	Yasuda
		Economic and Fiscal Reform in Japan	Ota
		Labor Economics	Kurosawa
		Economics of Education and Labor	Tanaka Ryuichi
		Economics of Law	Hatanaka
		Environmental Economics	Munro
		Resource and Energy Economics	Tanaka Makoto
		Japanese Financial System	Rhodes
		Development Economics	Cooray
		International Political Economy of Money and Finance	Chey
		Foreign Direct Investment	Yoshitake
		Structural Reform and Privatization	Tanaka Hideo
		Public Expenditure Management	Tanaka Hideaki
		State Building and Development	Sonobe, Shiraishi
		GRIPS Forum	Ota
IV Elective Courses III	For qualified students only	Advanced Microeconomics I	Yasuda
		Advanced Microeconomics II	Yasuda
		Advanced Macroeconomics I	Hsu
		Advanced Macroeconomics II	Esteban-Pretel
		Advanced Econometrics I	Arai
		Advanced Econometrics II	Leon-Gonzalez
		Selected Topics in Policy Studies I - III
V Elective Courses IV		Courses not listed in this table
X Others		courses offered by the Center for Japanese Language Learning
X Others		courses offered by the Academic Writing Center

Macroeconomic Policy Program (Two years) Curriculum 2011/2012 (as of October 2011)

https://gast.grips.ac.jp/syllabus/
Category		Course Name	Instructor
I Required Courses		Microeconomics I	Sim
		Macroeconomics I	Esteban-Pretel
		Microeconomics II	Sim
		Macroeconomics II	Esteban-Pretel
		Introduction to Applied Econometrics	Pfau
		Public Economics	TBA
		International Finance	Hsu
		Thesis Seminar I	TBA
		Thesis Seminar II	TBA
		Thesis Seminar III	TBA
		Thesis Seminar IV	TBA
II Elective Courses I (minimum 2 courses)		Applied Time Series Analysis for Macroeconomics	TBA
		Mathematics for Economic Analysis	Yoshida
		Cost Benefit Analysis I	Kidokoro
		Economic Modeling for Policy Simulations	Hosoe
		Introduction to Quantitative Methods	Oyama, Morohosi
		Statistics	Tsuchiya, Morohosi, Yoshida
		Quantitative Social Systems Analysis	Oyama, Tsuchiya
III Elective Courses II (minimum 7 courses)		Monetary Economics (Money and Banking)	Pfau
		Government and Market	Kidokoro
		International Trade	TBA
		Contemporary Japanese Economy	Kojima
		Japanese Economy	Okita
		Financial Economics	Kubota
		Accounting and Financial Management I	Lee
		Accounting and Financial Management II	Lee
		Fiscal and Monetary Policies in Japan	Ishida
		Modernization of Financial Sector	Yoshikuni
		Finance and Economic Growth	Jeong
		Environment and Sustainable Development	Otsuka
		Trade and Industrial Development	Sonobe
		Project Cycle Management and International Development Evaluation	Koga
		Game Theory	Yasuda
		Economic and Fiscal Reform in Japan	Ota
		Labor Economics	Kurosawa
		Economics of Education and Labor	Tanaka Ryuichi
		Economics of Law	Hatanaka
		Environmental Economics	Munro
		Resource and Energy Economics	Tanaka Makoto
		Japanese Financial System	Rhodes
		Development Economics	Cooray
		International Political Economy of Money and Finance	Chey
		Foreign Direct Investment	Yoshitake
		Structural Reform and Privatization	Tanaka Hideo
		Public Expenditure Management	Tanaka Hideaki
		State Building and Development	Sonobe, Shiraishi
		GRIPS Forum	Ota
IV Elective Courses III	For qualified students only	Advanced Microeconomics I	Yasuda
		Advanced Microeconomics II	Yasuda
		Advanced Microeconomics III	Sonobe
		Advanced Microeconomics IV	Sonobe
		Advanced Macroeconomics I	Hsu
		Advanced Macroeconomics II	Esteban-Pretel
		Advanced Macroeconomics III	Hsu
		Advanced Macroeconomics IV	Ikeda
		Advanced Econometrics I	Arai
		Advanced Econometrics II	Leon-Gonzalez
		Advanced Econometrics III	Leon-Gonzalez
		Advanced Econometrics IV	Ikeda
		Selected Topics in Policy Studies I - IV
V Elective Courses IV		Courses not listed in this table
X Others		courses offered by the Center for Japanese Language Learning
X Others		courses offered by the Academic Writing Center

Positions Held by Alumni

Graduates from this program are expected to hold key positions as policy makers in government agencies, or research institutes.
·Board Member, National Bank of the Kyrgyz Republic (Kyrgyz Republic, 2004)
·Director General, Capital Account Management Department, The State Administration of Foreign Exchange (China, 2003)
·Deputy Minister, Ministry of Finance (Uzbekistan, 2002)
·Director General of International Trade, Ministry of Commerce (Cambodia, 2000)
·Member of Board of Directors & Director of International Department, Bank of Mongolia (Mongolia, 1998)
·Deputy Governor, State Bank of Vietnam (SBV) (Vietnam, 1997)
·Secretary General, Security and Exchange Commission Office (Laos, 1996)

Origin and Affiliation of Students (as of October 2010)

Country	Typical Affiliation
Bangladesh	Bangladesh Bank
Cambodia	National Bank of Cambodia;Ministry of Economy and Finance
China	People's Bank of China; State Administration of Foreign Exchange; National Bureau of Statistics of China
Fiji	Reserve Bank of Fiji
Indonesia	Ministry of Finance; Bank of Indonesia; Ministry of National Development Planning
Kazakhstan	Ministry of Economy and Budget Planning; National Bank of Kazakhstan; Ministry of Finance; Ministry of Planning
Kyrgyz Republic	National Bank of the Kyrgyz Republic; Ministry of Finance; Ministry of Economic Development and Trade
Laos	Bank of Lao PDR; Ministry of Planning and Investment
Mongolia	Bank of Mongolia; National Statistical Office
Myanmar	Ministry of Finance and Revenue; Central Bank of Myanmar
Philippines	Department of Finance; Philippine Deposit Insurance Corporation
Tajikistan	National Bank of Tajikistan; Ministry of Finance; International Monetary Fund
Thailand	Bank of Thailand
Uzbekistan	Ministry of Finance; Central Bank of Uzbekistan
Vietnam	Ministry of Finance; State Bank of Vietnam

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Macroeconomic Policy Program in brief

Trains modern macroeconomic policy makers and professionals in macroeconomics and policies

Program Director
Associate Professor Wade Pfau

Degrees Offered
Master of Public Policy (one-year MEP)
Master of Arts in Public Economics (two-year MEP)

Scholarship
(For International Students Only)
International Monetary Fund (IMF)

Language of Instruction
English

Time Schedule
Program duration...1 to 2 years
Enrollment...October
Graduation...September

How to Apply
click here

students