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.
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 oneyear MEP. 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.
| Category | Course Name | |
|---|---|---|
| Ⅰ Required Courses and Policy Paper |
Required Courses | Introduction to Applied Econometrics |
| Macroeconomics I &II | ||
| Microeconomics I& II | ||
| International Finance | ||
| Public Economics | ||
| Required Policy Paper Seminar 1 & 2 | ||
| Ⅱ Elective Courses | 1. Quantitative Analysis Skill Courses | Mathematics for Economic Analysis |
| Statistics | ||
| Applied Time Series Analysis for Macroeconomics | ||
| Economic Modeling for Developing Economics | ||
| Operations Research | ||
| Development Project Analysis | ||
| 2. Disciplinary Courses | Accounting and Financial Management I, II | |
| Financial Economics | ||
| Monetary Economics (Money and Banking) | ||
| Modernization of Financial Sector | ||
| Foreign Direct Investment | ||
| Development Economics | ||
| International Trade | ||
| Public Expenditure Management: Theories and Practices | ||
| Theory of Public Finance | ||
| Demand Management: Fiscal and Monetary Policies | ||
| Government and Market | ||
| Labor Economics | ||
| Game Theory | ||
| Environmental Economics | ||
| Structure Reform and Privatization | ||
| GRIPS forum | ||
| Contemporary Japanese Economy | ||
| Economic and Fiscal Reform in Japan | ||
| Japanese Economy | ||
| Japanese Financial System | ||
| 3. Advanced Courses for Qualified Students | Advanced Micro I & II | |
| Advanced Econometrics I & II | ||
| 4. Any Non-language Courses offered by GRIPS | ||
| 5. Language Courses | ||
| Category | Course Name | |
|---|---|---|
| Ⅰ Required Courses and Policy Paper |
Required Courses | Introduction to Applied Econometrics |
| Macroeconomics I & II | ||
| Microeconomics I & II | ||
| International Finance | ||
| Public Economics | ||
| Required Thesis Seminar 1 to 4 | ||
| Ⅱ Elective Courses |
1. Quantitative Analysis Skill Courses | Mathematics for Economic Analysis |
| Statistics | ||
| Applied Time Series Analysis for Macroeconomics | ||
| Economic Modeling for Developing Economics | ||
| Operations Research | ||
| Cost Benefit Analysis | ||
| Development Project Analysis | ||
| 2. Disciplinary Courses | Accounting and Financial Management I, II | |
| Financial Economics | ||
| Monetary Economics (Money and Banking) | ||
| Modernization of Financial Sector | ||
| Foreign Direct Investment | ||
| Development Economics | ||
| International Trade | ||
| Public Expenditure Management: Theories and Practices | ||
| Theory of Public Finance | ||
| Demand Management: Fiscal and Monetary Policies | ||
| Government and Market | ||
| Labor Economics | ||
| Game Theory | ||
| Environmental Economics | ||
| Structure Reform and Privatization | ||
| GRIPS forum | ||
| Contemporary Japanese Economy | ||
| Economic and Fiscal Reform in Japan | ||
| Japanese Economy | ||
| Japanese Financial System | ||
| 3. Advanced Courses for Qualified Students | Advanced Micro I-IV; | |
| Advanced Macro I ⅈ | ||
| Advanced Econometrics I-IV; | ||
| 4. Any Non-language Courses offered by GRIPS | ||
| 5. Language Courses | ||
Career Destinations
Graduates from this program are expected to hold key positions as policy makers in government agencies,
professionals working in research institutes, and in the private sector.
To list a few of the positions held by alumni from this program:
- Member of Board of Directors & Director of International Department, Bank of Mongolia (Mongolia, 1998)
- Director General of International Trade, Ministry of Commerce (Cambodia, 2000)
- Chief Economist, Essence Securities (China, 2001)
- Acting President, JSC Deutsche Bank Securities, Kazakhstan (Kazakhstan, 2001)
- Board Member, National Bank of the Kyrgyz Republic (Kyrgyz Republic, 2004)
Macroeconomic Policy Program in brief
Trains modern macroeconomic policy makers and professionals in macroeconomics and policies
Program Director:
Professor Yuqing Xing
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.
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)
Career Destination:
Macroeconomic management
- Degree Program
- Master's Programs
(International Programs) - One-year Master's Program of Public Policy (MP1)
- Two-year Master's Program of Public Policy (MP2)
- Public Finance Program
- Macroeconomic Policy Program
- Young Leaders Program
- International Development
Studies Program - Graduate Program in
Japanese Language and Culture - Disaster Management
Policy Program - Economics, Planning and
Public Policy Program - Master's Programs
(Domestic Programs) - Doctoral Programs
- Non-Degree Options
- Admissions
- Life at GRIPS
- Living in Japan
- Academic Resources & Facilities
- IT Support
- Health & Fitness