Course Description 2018-2019

Each class has a practical and applied orientation, and relies heavily on Japanese examples and case studies. All courses are conducted in English and taught in the Graduate School of Business and Commerce. The course summaries can be viewed by clicking on the course title below, though detailed syllabi and reading lists will be normally handed out in the first meeting of each class.
* Course for the AY 2019-2020

Required courses(1st year)

Advanced Study of Public Finance (Spring)

(Spring; Year 1 and 2)

To provide a basic framework of public finance at the macroeconomic level, starting from fiscal and monetary policy in standard macroeconomics, public debt in a growing economy, cost-benefit analysis, public goods, international debt and international tax issues.

Textbooks:
Lecture note is provided below.

Jean Hindriks and Gareth D. Myles,Intermediate Public Economics, The MIT Press
Joseph E. Stiglitz,Economics of the Public Sector, W. W. Norton

A.L.Hillman, PublicFinance and Public Policy, Cambridge University Press

Advanced Study of Public Finance (Fall)

(Fall; Year 1 and 2)

To provide a basic framework of public finance at the microeconomic level, starting from a general theory of taxation on commodities income and corporate profits and then extending issues of tax evasion and compliance and tax reform.

Textbooks:
Lecture note is provided below.

Jean Hindriks and Gareth D. Myles,Intermediate Public Economics, The MIT Press.
Joseph E. Stiglitz, Economics of the Public Sector, W. W. Norton.

A.B. Atkinson and J.E.Stiglitz,Lectures on Public Economics, McGraw-Hill

B. Salanié,The Economics of Taxation, The MIT Press.

Seminar: Public Finance (Spring/Fall)

(Spring/Fall; Year 1 and 2)

To write, at least, one research paper on the topics related to public finance as a term paper or a part of Master's thesis. The research paper must be clearly written (precise, crispy) and may not be too long (approximately 20 pages).

Teaching Method:
Presentation of assigned papers/chapters of a book and discussion after presentation. Once each participant's research topic is selected, participant's own paper in progress is to be presented and discussed by me and other participants.

Possible Research Topics:
The topic must be narrowly focused and well defined. The core idea must be something new and have some policy relevance.
Guidelines in Writing a Research Paper(33KB)

Framework of Country Report (36KB)

• Fiscal Policy in the Process of Economic Development
  Provision of and effectiveness of social capital and infrastructure
• Consumption Tax versus Income Tax
  Means of raising revenue from taxation
• Economics of Tax Evasion
  How widely tax evasion prevails? What mechanism to prevent it?
• Debt Management Policy or Measurement of Public Deficits and its Implications
  What determines optimal debt management? How harmful public deficits in the conduct of fiscal policy?
• Social Security and Public Pension Design
  Intergenerational transfers and generational accounting
• Provision of Public Goods and Externalities
  Must transportation, housing, telecommunication, TV network, among others be provided publicly?
• Others

Textbooks:
Various academic papers.

Required courses (1st and 2nd year)

Required courses (1st or 2nd year)

Elective courses