Program in brief
Trains policy makers and professionals using modern macroeconomic theory and policy.
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Program Director: Professor Junichi Fujimoto
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Associate Director: Associate Professor Minchung Hsu
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Scholarship (For International Students Only):
Japan-IMF Scholarship Program for Asia (JISPA)
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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)
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Language of Instruction: English
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How to Apply:Click here
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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 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)
Category |
Course Name | Instructor | |
---|---|---|---|
I Required Courses |
Introduction to Public Policy Studies | Horie | |
The World and the SDGs | Tanaka Akihiko | ||
Microeconomics I | |||
Macroeconomics I | Porapakkarm | ||
Microeconomics II | |||
Macroeconomics II | Fujimoto | ||
Introduction to Applied Econometrics | Wie | ||
International Finance | |||
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)
Category |
Course Name | Instructor | |
---|---|---|---|
I Required Courses |
Introduction to Public Policy Studies | Horie | |
The World and the SDGs | Tanaka Akihiko | ||
Microeconomics I | |||
Macroeconomics I | Porapakkarm | ||
Microeconomics II | |||
Macroeconomics II | Fujimoto | ||
Introduction to Applied Econometrics | Wie | ||
International Finance | |||
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.
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Advisor to the Speaker, Parliament of Mongolia (Mongolia, 2006)
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Commercial Minister, Chinese Embassy to the United States (China, 2001)
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Counselor (Economic), Embassy of Malaysia in Hanoi, Vietnam (Malaysia, 2012)
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Deputy Governor, National Bank of Kazakhstan (Kazakhstan, 2001)
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First Deputy Minister, Ministry of Economy (Uzbekistan, 2002)
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Governor, State Bank of Vietnam (Vietnam, 1997)
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Joint Secretary, Ministry of Finance (Bangladesh, 2013)
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Secretary General, Bank of Lao PDR (Laos, 2005)
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Special Representative of the Government, Eurasian Economic Union (Kyrgyz Republic, 2010)
Origin and Affiliation of Students
(as of October 2020)
Country |
Typical Affiliation |
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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)
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The Impact of External Debt on Economic Growth: The Empirical Evidence from Asian Countries
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Financial Inclusion and Economic Growth Linkage in Indian States-Bank Branch Access Dimension
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Determinants of Economic Growth in Fast Growing Developing Economies
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Impact of Indian Consumer Price Inflation in Nepal: Empirical Studies Using VAR
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Public Debt and Economic Growth: Fixed-effect Panel Threshold Analysis
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Relationship between Remittance and Financial Inclusion: Evidence from LMICs
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The Effect of Fiscal Deficit on Economic Growth: Evidence from Lao PDR
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The Effectiveness of Deposit Insurance in Maintaining Banking Stability