Professional Career Programme (PCP) Syllabus for ... - Keio University

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Faculty of Economics, Keio UniversityCarnegie-Rochester Conference Series on Public Policy No.28, pp.93-140・Dornbusch, Rudiger (1980) Open Economy Macroeconomics, Basic Books, Chapter10, Chapter 11・Kaji, Sahoko (2004) Kokusai Tsuka Taisei no Keizai Gaku (The Economics ofExchange Rate Systems), Nihon Keizai Shimbun PublishingCourse Plan:I. A Review of Closed Economy MacroeconomicsIS-LM Analysis, Aggregate Supply, and Aggregate DemandII. Basic Concepts in Open Economy MacroeconomicsSmall Country Assumption, Stock vs. Flow, The Balance of Payments,The Exchange Rate, The Interest Rate Parity ConditionIII. Theories of Exchange Rate DeterminationPurchasing Power Parity, Stock Equilibrium Approach,Flow Approach, The Marshall-Lerner Condition, The J-curve EffectIV. The Mundell-Fleming ResultsThe M-F Result and the Structure of the Model --- a Simple Model,The M-F Result under Fixed Exchange Rates,Alternative Assumptions: Two-Country, Imperfect Capital Substitution,The M-F Result under Flexible Exchange Rates,Alternative Assumption: Two-CountryV. The Speed of Adjustment of Endogenous Variables and OvershootingVI. Economic Interdependence and Choice of Exchange Rate RegimesENVIRONMENTAL ECONOMIC THEORY(PCP)Lecturer :Eiji Hosoda, ProfessorCourse Description:This course provides a basic theory of environmental economics. The analyticalframework is elementary microeconomics, and partial equilibrium analysis is utilized inalmost all the topics. Although the main purpose of this course is to give acomprehensive view of environmental economic theory to students, applicability of thetheory to environmental policy is also considered. Topics are chosen from thefundamental issues of conventional environmental economics.Students are required to submit an essay every week. The theme of an essay will begiven in advance in each class.Textbooks:PCP Syllabus 16
Faculty of Economics, Keio UniversityBarry C. Field and Martha K. Field, Environmental Economics, fourth edition, McGrawHill, 2006Course Plan:1. Benefits and Costs, Supply and Demand2. Economic Efficiency and Markets3. The Economics of Environmental Quality4. Frameworks of Analysis5. Benefit-Cost Analysis: Benefits6. Benefit-Cost Analysis: Costs7. Criteria for Evaluating Environmental Policies8. Decentralized Policies: Liability Laws, Property Rights, Voluntary Action9. Command-and-Control Strategies: The Case of Standards10. Incentive-Based Strategies: Emission Charges and Subsidies11. Incentive-Based Strategies: Transferable Discharge Permits12. Comparable Environmental Policies13. Economic Development and the EnvironmentMethod of Evaluation:Final exam (40 %)Mid-term exam (20 %)Homework (20 %)Class participation (20 %)Questions/Comments:Any time as far as I am available. Yet, please note that I may not be able to respond toquestion or request of consultation due to time restriction.ENVIRONMENTAL ECONOMIC POLICY(PCP)Lecturer :Toshihide Arimura, InstructorCourse Description:This course uses microeconomics to analyze environmental policies and issues.Topics include market-based regulations, valuing the environment, air pollution, globalwarming, waste management, natural resource scarcity (minerals, natural gas and oil),international trade, and tradeoffs between environmental quality and economic growth.Coverage of the topics will balance applications of environmental economics withanalysis of environmental policy. Instruction will consist of a mix of lectures, classdiscussion and presentation.PCP Syllabus 17
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Professional Career Programme (PCP) Syllabus for ... - Keio University

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