Education

Education

Macroeconomic Policy Program

 

 

Program in brief

 

Trains policy makers and professionals using modern macroeconomic theory and policy.

 

  • Program Director: Associate Professor Junichi Fujimoto

  • Associate Director: Associate Professor Minchung Hsu

  • Scholarship (For International Students Only):

Japan-IMF Scholarship Program for Asia (JISPA)

  • Degrees Offered:

Master of Public Policy (One year Program)

Master of Public Economics (One year Program)

Master of Arts in Public Economics (Two year Program)

  • Language of Instruction: English

  • Time Schedule:

Program duration…1 year or 2 years
Enrollment…October

Graduation…September

 

The Macroeconomic Policy Program (MEP) is a professionally oriented program designed to train modern macroeconomic policy makers and professionals who need to understand macroeconomic fluctuations and the roles of monetary and fiscal policies in domestic and global economies. The program aims to enhance the capacity of governments to formulate and implement financial and economic policies in a manner that leads to quality growth. The curriculum deals with macroeconomic and structural aspects, including policies aimed at establishing sound macroeconomic fundamentals, liberalized trade, a robust financial system, and a vast private sector. Ample attention is also given to a broader range of issues, such as roles for government, institution building, the environment and sustainable development.

 

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 (JISPA) since the inception of JISPA in 1993.

 

 

Target Group

 

MEP is primarily aimed at government officials and professionals who are involved in designing and implementing macroeconomic policies.

We also accept Japanese students.

 

 

Program Design

 

Both one-year and two-year programs are offered. One year Program requires 34 credits for graduation and grants a Master of Public Policy or Master of Public Economics; Two year Program requires 44 credits and grants a Master of Arts in Public Economics. Qualified applicants with tight working schedules are encouraged to apply for the One year Program. Qualified applicants who have flexible working schedules, are willing to devote more time to thesis writing, and have a desire to develop more advanced analytical skills may consider the Two year Program.

 

The coursework consists of required courses, recommended courses, and elective courses. The required courses, which include Macroeconomics, Microeconomics, and Econometrics, provide solid training in principles and develop practical analytical skills for designing and evaluating macroeconomic policies. The variety of recommended and elective courses gives students their specialization in specific areas of interests, such as monetary policy, fiscal policy, international trade, and financial markets.

 

The writing of policy papers (One year Program) / theses (Two year Program) will be closely supervised by experienced core faculty members through seminar courses.

 

 

Macroeconomic Policy Program (One year) Curriculum 2020/2021

 

Please see GRIPS Bulletin for brief descriptions of courses offered.

(as of October 2020)

https://gast.grips.ac.jp/syllabus/

Category

Course Name Instructor

I Required Courses

Introduction to Public Policy Studies Horie
The World and the SDGs Tanaka Akihiko
Microeconomics I Xing
Macroeconomics I Porapakkarm
Microeconomics II Xing
Macroeconomics II Fujimoto
Introduction to Applied Econometrics Wie
International Finance Xing
Tutorial (MEP1) Fujimoto, et al.
Policy Paper Seminar I Fujimoto, et al.
Policy Paper Seminar II Fujimoto, et al.

II Recommended Courses

Monetary Economics (Money and Banking) Fujimoto
Economic Development of Southeast Asia Kudo
Government and Market Okamoto
Applied Time Series Analysis for Macroeconomics Leon-Gonzalez
Applied Econometrics Litschig
Applied Econometrics Practice Litschig
Strategy for Economic Development TBA
Trade and Industrial Development Sonobe
Game Theory TBA
Mathematics for Economic Analysis Munro
Public Finance I Ihori
Public Finance II Ihori
Monetary and Fiscal Policy Yoshino
Fiscal Reform in Japan Ota
Economics of Tax Policy Yamazaki
Reform of Economic Policy in Japan Ota
Labor Economics TBA
Economics of Law Hatanaka
Competition and Regulatory Economics Tanaka Makoto
International Trade Hsu
Theory and Practice of Central Banking: Japanese and Global Experience Kinoshita
Environmental Economics Munro
Resource and Energy Economics Tanaka Makoto
Contemporary Japanese Economy Kojima
Japanese Economy Nakagaki
Financial Economics Chen Jau-er
Empirical Finance TBA
Japan and the Global Economy I Nishimura
Japan and the Global Economy II Nishimura
Time Series Analysis Leon-Gonzalez
Cost Benefit Analysis I Kidokoro
Economic Modeling for Policy Simulations Hosoe
Development Economics Aida
Asian Financial Markets Ito Takatoshi
Development Econometrics Kijima
Labor and Health Economics TBA
Computer Programming for Economics Porapakkarm
Politics of Global Money and Finance Chey
Accounting and Financial Management I TBA
Fiscal and Monetary Policies in Japan TBA
Structural Reform and Privatization Tanaka Hideo
Public Expenditure Management Tanaka Hideaki
Modernization of Financial Sector: Lessons from Recent Financial Crises TBA
International Development Policy TBA
GRIPS Forum I Yokomichi
GRIPS Forum II Yokomichi
Introduction to Data Science Morohosi
Data Science in Practice Tsuchiya, Morohosi
Quantitative Social Systems Analysis Tsuchiya, Morohosi, Oyama
East Asian Economies Hara
Selected Topics in Policy Studies I – IV  

III Elective Courses

For qualified students only

Advanced Microeconomics I Yamazaki
Advanced Microeconomics II Yamazaki
Advanced Microeconomics III Munro
Advanced Microeconomics IV TBA
Advanced Macroeconomics I Porapakkarm
Advanced Macroeconomics II Fujimoto
Advanced Macroeconomics III Hayashi Fumio
Advanced Macroeconomics IV Hsu
Advanced Econometrics I Litschig
Advanced Econometrics II Hayashi Fumio
Advanced Econometrics III TBA
Advanced Econometrics IV Leon-Gonzalez
  Courses not listed in this table  
X Others Courses offered by the Center for Professional Communication  

 

 

Macroeconomic Policy Program (Two years) Curriculum 2020/2022

 

Please see GRIPS Bulletin for brief descriptions of courses offered.

(as of October 2020)

https://gast.grips.ac.jp/syllabus/

Category

Course Name Instructor

I Required Courses

Introduction to Public Policy Studies Horie
The World and the SDGs Tanaka Akihiko
Microeconomics I Xing
Macroeconomics I Porapakkarm
Microeconomics II Xing
Macroeconomics II Fujimoto
Introduction to Applied Econometrics Wie
International Finance Xing
Tutorial (MEP2) Fujimoto, et al.
Thesis Seminar I Fujimoto, et al.
Thesis Seminar II Fujimoto, et al.
Thesis Seminar III Fujimoto, et al.

II Recommended Courses

Monetary Economics (Money and Banking) Fujimoto
Economic Development of Southeast Asia Kudo
Government and Market Okamoto
Applied Time Series Analysis for Macroeconomics Leon-Gonzalez
Applied Econometrics Litschig
Applied Econometrics Practice Litschig
Strategy for Economic Development TBA
Trade and Industrial Development Sonobe
Game Theory TBA
Mathematics for Economic Analysis Munro
Public Finance I Ihori
Public Finance II Ihori
Monetary and Fiscal Policy Yoshino
Fiscal Reform in Japan Ota
Economics of Tax Policy Yamazaki
Reform of Economic Policy in Japan Ota
Labor Economics TBA
Economics of Law Hatanaka
Competition and Regulatory Economics Tanaka Makoto
International Trade Hsu
Theory and Practice of Central Banking: Japanese and Global Experience Kinoshita
Environmental Economics Munro
Resource and Energy Economics Tanaka Makoto
Contemporary Japanese Economy Kojima
Japanese Economy Nakagaki
Financial Economics Chen Jau-er
Empirical Finance TBA
Japan and the Global Economy I Nishimura
Japan and the Global Economy II Nishimura
Time Series Analysis Leon-Gonzalez
Cost Benefit Analysis I Kidokoro
Economic Modeling for Policy Simulations Hosoe
Development Economics Aida
Asian Financial Markets Ito Takatoshi
Development Econometrics Kijima
Labor and Health Economics TBA
Computer Programming for Economics Porapakkarm
Politics of Global Money and Finance Chey
Accounting and Financial Management I TBA
Fiscal and Monetary Policies in Japan TBA
Structural Reform and Privatization Tanaka Hideo
Public Expenditure Management Tanaka Hideaki
Modernization of Financial Sector: Lessons from Recent Financial Crises TBA
International Development Policy TBA
GRIPS Forum I Yokomichi
GRIPS Forum II Yokomichi
Introduction to Data Science Morohosi
Data Science in Practice Tsuchiya, Morohosi
Quantitative Social Systems Analysis Tsuchiya, Morohosi, Oyama
East Asian Economies Hara
Selected Topics in Policy Studies I – IV  

III Elective Courses

For qualified students only

Advanced Microeconomics I Yamazaki
Advanced Microeconomics II Yamazaki
Advanced Microeconomics III Munro
Advanced Microeconomics IV TBA
Advanced Macroeconomics I Porapakkarm
Advanced Macroeconomics II Fujimoto
Advanced Macroeconomics III Hayashi Fumio
Advanced Macroeconomics IV Hsu
Advanced Econometrics I Litschig
Advanced Econometrics II Hayashi Fumio
Advanced Econometrics III TBA
Advanced Econometrics IV Leon-Gonzalez
  Courses not listed in this table  
X Others Courses offered by the Center for Professional Communication  

 

 

Positions Held by Alumni

Graduates from this program are expected to hold key positions as policy makers in government agencies, or research institutes.

  • Advisor to the Speaker, Parliament of Mongolia (Mongolia, 2006)

  • Commercial Minister, Chinese Embassy to the United States (China, 2001)

  • Counselor (Economic), Embassy of Malaysia in Hanoi, Vietnam (Malaysia, 2012)

  • Deputy Governor, National Bank of Kazakhstan (Kazakhstan, 2001)

  • First Deputy Minister, Ministry of Economy (Uzbekistan, 2002)

  • Governor, State Bank of Vietnam (Vietnam, 1997)

  • Joint Secretary, Ministry of Finance (Bangladesh, 2013)

  • Secretary General, Bank of Lao PDR (Laos, 2005)

  • Special Representative of the Government, Eurasian Economic Union (Kyrgyz Republic, 2010)

 

 

Origin and Affiliation of Students

(as of October 2020)

Country
Typical Affiliation

Bangladesh

Bangladesh Bank; Ministry of Finance; Ministry of Water Resources; Ministry of Land; Ministry of Public Administration; Ministry of Education; Ministry of Information & Communication Technology

Bhutan

Ministry of Economic Affairs

Cambodia

National Bank of Cambodia; Ministry of Economy and Finance; National Institute of Statistics

China

People’s Bank of China; National Bureau of Statistics of China; Ministry of Industry and Information Technology; China Securities Regulatory Commission

Colombia

Davivienda Bank

Fiji

Reserve Bank of Fiji

India

Securities and Exchange Board of India; Ministry of Finance; Ministry of Commerce & Industry; Government of Uttar Pradesh; Reserve Bank of India

Indonesia

Ministry of Finance; Bank Indonesia; Ministry of National Development Planning; University of Indonesia; Statistics of Indonesia; National Institute of Public Administration

Kazakhstan

Ministry of Economy and Budget Planning; National Bank of the Republic 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; Ministry of Economy

Laos

Bank of Lao PDR; Ministry of Planning and Investment; National Economic Research Institute

Malaysia

Ministry of International Trade and Industry; Department of Statistics

Maldives

Maldives Monetary Authority; Ministry of Finance and Treasury

Mongolia

Bank of Mongolia; National Statistical Office; Ministry of Finance ; Financial Regulatory Commission of Mongolia

Myanmar

Ministry of Planning, Finance and Industry; Central Bank of Myanmar; Ministry of Commerce

Nepal

Ministry of Finance; National Planning Commission; Ministry of Industry; Ministry of Federal Affairs and General Administration

Philippines

Department of Finance; Philippine Deposit Insurance Corporation; Securities and Exchange Commission; Bangko Sentral ng Pilipinas

Sri Lanka

Central Bank of Sri Lanka; Department of Census and Statistics; Securities and Exchange Commission of Sri Lanka

Tajikistan

National Bank of Tajikistan; Ministry of Finance; International Monetary Fund; Administration of Academy of Sciences of Tajikistan

Thailand

Bank of Thailand; Ministry of Finance

Turkmenistan

Asian Development Bank

Tonga

Ministry of Finance and National Planning

Uzbekistan

Ministry of Finance; Central Bank of Uzbekistan; KDB Bank Uzbekistan; State Property Committee; Uzbek Republican Currency Exchange

Vietnam

Ministry of Finance; State Bank of Vietnam; National Financial Supervisory Commission; Banking Academy of Vietnam

 

 

Recent Theses

(AY2019)

  • The Impact of External Debt on Economic Growth: The Empirical Evidence from Asian Countries

  • Financial Inclusion and Economic Growth Linkage in Indian States-Bank Branch Access Dimension

  • Determinants of Economic Growth in Fast Growing Developing Economies

  • Impact of Indian Consumer Price Inflation in Nepal: Empirical Studies Using VAR

  • Public Debt and Economic Growth: Fixed-effect Panel Threshold Analysis

  • Relationship between Remittance and Financial Inclusion: Evidence from LMICs

  • The Effect of Fiscal Deficit on Economic Growth: Evidence from Lao PDR

  • The Effectiveness of Deposit Insurance in Maintaining Banking Stability

 

 

7-22-1 Roppongi, Minato-ku, Tokyo 106-8677

TEL : +81-(0)3-6439-6000     
FAX : +81-(0)3-6439-6010

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