Course title
Applied Economics

nagahara toru Click to show questionnaire result at 2019
Course description
The purpose of this course is to help students master a quantitative analytical method and analyze the economic phenomenon that students feel involved in. The course also introduces the input-output analysis and the macroeconometric model analysis to estimate a positive economic effect stemming from economic policies such as fiscal policy. At the end of the course, students will hand in the final paper.
Purpose of class
Students are expected to acquire statistical and econometric methods, and analyze various kinds of economic phenomena.
Goals and objectives
  1. Acquire an analytical method of statistics and econometrics, and apply them to analyze the actual economy.
  2. Acquire an analytical method to estimate economic effects.
  3. Learn regression analysis.
  4. Be able to use an analytical method that one sets a hypothesis and then tests it quantitatively.
Class schedule

Class schedule HW assignments (Including preparation and review of the class.) Amount of Time Required
1. Introduction: What is an analytical method in economics? Check the syllabus. 60minutes
2. Basic Ideas in Statistics Review statistics. 120minutes
3. Correlation Analysis Review the distributed materials. 120minutes
Work at the first exercises 120minutes
4. Regression Analysis (1): Ordinary least squares method Review the distributed materials. 240minutes
5. Regression Analysis (2): Simple regression and multiple regression Examine the dismissal regulation in Japan. 180minutes
6. Regression Analysis (3): Dummy variables Review the distributed materials. 120minutes
7. Regression Analysis (4): Problems in regression analysis Review the distributed materials. 240minutes
8. Regression Analysis (5): Adjusted R-square and model selection Work at the second exercise. 180minutes
9. Macroeconometric Model Analysis (1): Simultaneous equations model Read the comments of the second exercise. 180minutes
10. Macroeconometric Model Analysis (2): Model building and simulation Review the distributed materials. 180minutes
11. Macroeconometric Model Analysis (3): ESRI (Economic and Social Research Institute) macroeconometric model of the Japanese economy Review the distributed materials. 210minutes
Examine the Keynes Effect. 60minutes
12. Input-output Analysis (1): Input-output table Review the distributed materials. 210minutes
13. Input-output Analysis (2): Practice by Excel Work at the third exercise. 180minutes
14. Review and Hand in the Final Paper Write the final report and Hand in it. 240minutes
Read the comments of the third exercise. 60minutes
Total. - - 2700minutes
Relationship between 'Goals and Objectives' and 'Course Outcomes'

Paper Final Paper Total.
1. 15% 5% 20%
2. 20% 10% 30%
3. 15% 15% 30%
4. 10% 10% 20%
Total. 60% 40% -
Evaluation method and criteria
Final Report (40%) and three exercises (60%)
The students who are absent from a lecture than a one-third can not get any credits.
Textbooks and reference materials
Lecture materials are distributed.
It is desirable to have studied the courses associated in economics (Introduction to Economics, Macroeconomics, and Microeconomics).
Office hours and How to contact professors for questions
  • <Omiya>(Wed)(Thur) <Toyosu>(Mon)(Fri)
    During a lunch break or by e-mail
Non-regionally-oriented course
Development of social and professional independence
  • Course that cultivates an ability for utilizing knowledge
  • Course that cultivates a basic self-management skills
  • Course that cultivates a basic problem-solving skills
Active-learning course
Most classes are interactive
Course by professor with work experience
Work experience Work experience and relevance to the course content if applicatable
Education related SDGs:the Sustainable Development Goals
Last modified : Sat Mar 21 13:21:22 JST 2020