Keio University Shonan Fujisawa Campus
Course Summary (Syllabus)

WORLD ECONOMY (Sayuri Shirai

    Semester : 2009 Fall
    Code : 60120 / 2 Credits

1. Objectives/Teaching method

    The course will focus on recent global macroecnomic issues. Those include (1) growing, persistent macroecnomic imbalances that had prevailed prior to the US subprime mortage crisis (as seen in US, China, resource-rich countries, Japan, etc.), (2) cross-border capital flows, (3) the roles of IMF, G20 financial summit, and G8, and (4) economic crisis and contagion to Europe and Asia.

    Another objective of this course is to help students gain a better understanding of the nature of the East Asian Crisis and how the intiatitives toward forming regional economic integration have emerged after the crisis. The recent movements toward economic integration in East Asia will be covered. Particularly, the regional swap arrangements and bond market development initiatives will be discussed in detail. Also, the East Asian visions toward common exchange rate arrangements will be pointed out.

2. Materials/Reading List

    I will use power point files for my presentation.
    References will be given in the class if necessary.


    #1 Introduction
    BRICS, rankings of economic sizes, G20 financial summit, etc.

    #2 Learning the basic concepts of Balance of payments and exchange rates

    #3 Current Account Crisis

    #4 Capital Account Crisis (Thailand, Indonesia, Korea of 1997-98)

    #5 Policy Prescriptions for the Capital Account Crisis
    capital controls, exchange rate regimes

    #6 Continued
    Regional currency arrangements, discussions and ideas

    #7 Mid-term exam

    #8 Continued
    financial sector soundeness, bond market development

    #9 Continued
    Regional bond market initiatives

    #10 Continued
    regional swap arrangements, de-internationalization of local currencies

    #11 Current European Crises and comparision with the East Asian Crisis of 1997-98

    #12 Continued

    #13 Final Examination

4. Assignments/Examination/Grad Eval.

    I will evaluate students based on (1) final examination on January 14(50%), (2)mid-term examination on Nov 5 (35%) and (3) active participation in discussions and attendance (15%).
    No make-up exam. will be given. As the dates for the two examinations are pre-announced, students should prepare for them

5. Special Note

    Students are expected to have some basic knowledge of macroeconomics. For those who are not sure about the background of economics, please contact me in advance

6. Prerequisit / Related courses


7. Conditions to take this course

    Understanding of Basic Macroeconomics is desisable for this course. If students wish to take this course without any knowledge of Introductory Macroeconomics, self-reading of any standard textbook prior to the course registration is recommended

8. Relation with past courses


9. Course URL

2009-08-29 16:06:17.193622

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