The Curriculm

The Master of Public Policy (Public Economics) degree requires two consecutive years of study on a full-time basis. The curriculum consists of courses in Theoretical Foundations, Fiscal and Public Sector Policy, and Monetary and Financial Sector Policy, in addition to a course in English Thesis Writing (a lecture on English thesis writing and a tutorial providing one-on-one guidance). With his or her academic advisor's advice and approval, a student will take the "core courses" and choose among the "elective courses", so as to fit his or her individual educational objectives and career goals. Courses offered by the Graduate School of Economics and Global Governance Program of the School of International and Public Policy are also open to students that could benefit from these courses.

To receive the Master of Public Policy degree, students of Asian Public Policy Program (APPP) must successfully complete at least 44 credits of graduate study. The study includes 16 credits of core required courses to be completed during the first year, a minimum of 6 credits of other required courses, a minimum of 14 credits of elective courses, and 8 credits of seminar work. APPP students must also write a Master's thesis under the supervision of their academic advisor and pass a final examination.

The curriculum consists of "two-credit courses" and "four credit courses". A two-credit course is a semester-long course with a weekly 1.5-hour class meeting, except for the English Thesis Writing which is a one-year course. A four-credit course is either a semester-long course with two 1.5-hour class meetings a week, or a one-year course with a 1.5-hour class meeting a week.

Required Courses

Theoretical Foundations

Four core courses are offered in this group, with a view to providing students with a solid grounding in economic theory relating to the public sector, micro-economic theory and an analytical and theoretical framework for macro-economic policymaking as well as in quantitative techniques of econometric analysis. These are required courses for all first-year students, as these theoretical foundations are the basis for the analysis of policy issues. Each of the core courses carries four credits. Though not a core course, first-year students are required to take Financial Programming for Macro-Economic Policy Formulation as a short-term intensive course.

Economics of the Public Sector (core)
Micro-economics for Public Policy (core)
Macro-economics: Theory and Polisy (core)
Fundamentals of Econometric Methods (one-year course, core)
Financial Programming for Micro-Economic Policy Formulation (two-weeks intensive course)

[For more details, please refer to Syllabus 2016]

Elective Courses

These courses are intended to provide students with the necessary knowledge and skills to solve specific public policy problems.

Fiscal Policy

Economic Analysis of Tax Systems
Tax Policy I: Policy and Systems
Tax Policy II: International Taxation
Tax Policy in Asian Countries
Fiscal Decentralization and Local Government Finance
Field Research on Tax Administration (One year course, offered by the National Tax College for students with tax administration background.)

Public Sector Policy

Economic Analysis of Public Investments
Economic Analysis of Regulation and Public Enterprises
Economic Analysis of Social Policies
Economic Analysis of Social Security Systems

Monetary and Financial Policy

International Economy and Finance: Policy and Institutions
Financial Sector Reform and Development
Monetary Policy in Theory and Practice
Asian Economic Development and Integration (given by Asian Development Bank Institute)

Joint Course

Public Policy in Asia (common subject for all the four programs at IPP, to be held in our main campus)

[For more details, please refer to Syllabus 2016]

Current Issues - Workshops and Intensive Courses

These courses provide lectures on current policy issues by outside lecturers who are at the forefront of policy, and from renowned specialists in the field.

Workshop on Current Topics

In 2014/5, the topics that were covered included (i) Japan's growth strategy and the economic partnership / financial cooperation with Asia; (ii) Japan's fiscal consolidation and fiscal flexibility, (iii) Recent development of global financial regulatory reform; and (iv) The role of central banks. In 2015/6, the topics will include (i) the next Asian economic and financial growth, taking into account the establishment of ASEAN Economic Community and AIIB in 2015; (ii) weak corporate governance and low economic growth, (iii) policy communication and mass media; and (iv) global warming and energy policy.

Issues on Public Policy I - X

Among the issues covered during previous years are Time-Series Econometrics, Financial Sector Development, Fiscal Management and Central Banking, Financial Economics.

Seminar Work

In addition to the above structured courses, students are required to belong to a specific "seminar group" led by an academic advisor, where each group participant pursues, under the guidance of the advisor, specific topics of his or her interest. The Master's thesis will be based on work done in the context of this seminar activity. Thus the participation in the seminar, a full year course carrying four credits, is a focal point of the student's study and research activities at APPP.

Thesis Writing Tutorial

English Thesis Writing I -Basic(for first year students)
English Thesis Writing I -Advance(for first year students)
English Thesis Writing II (for second year students)

A two-credit course on thesis writing is required on English thesis writing (course work plus tutorials).

The schedule and the course description

The schedule and the course description can be found here.

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