Macroeconomic Policy Program is implemented within the International Development Program (IDP). This track is a two-year masterfs program. The curriculum of the program is designed especially for the Japan-IMF Scholarship Program for Asia (JISPA) scholars such that it meets all the course requirements with the emphasis on macroeconomic policy formulation and public finance, central banking and monetary policy, and financial market policy. The scholars who complete all requirements are awarded a gMaster of Arts in Economics.h The goal of the program is to equip the scholars with a comprehensive understanding of contemporary macroeconomic issues and to help them contribute to sustainable economic growth and development in Asia and the Pacific.
To achieve the goal, the program provides the scholars with the academic and policy-oriented training through the combination of theoretical and practical foundations in the field of economics. Through training the scholars, the program assists in enhancing the professional skills of key economic agencies in developing and emerging countries faced with consistently changing economic circumstances. In terms of the coverage and quality of the offered courses over the wide fields of economics and related social sciences, the program's curriculum is among the best in the world when compared to other master's-level professional programs.
The curriculum of this track consists of a combination of core required courses and elective courses: the former provides analytical and empirical skills and knowledge that are required to understand all aspects of economics and to apply them to macroeconomic-oriented issues; the latter focuses more on the specific aspects of practical and policy-oriented issues and expands the theoretical capability and descriptive knowledge developed in required core courses. This combination allows the scholars to facilitate problem identification and problem solving in regional and international macroeconomic agendas.
Together with the course work, the scholars select a unique and important macroeconomic policy-related research topic and write a well-qualified masterfs thesis while participating in advanced seminar sessions with their academic supervisors. Indeed, writing a masterfs thesis and defending it are the center of the demanding components of the program, as in typical academic graduate-level studies. The thesis writing gives the scholars a crucial opportunity to learn how to discuss and analyze their research topic in depth by integrating the concepts and methods that have been acquired during the entire two-year program as well as the knowledge that had been developed in their previous professional careers.