International Economics Major

Master’s Programs, Doctoral Program, Research Topics

Master’s Program

The role of international economics is becoming increasingly important in a globalizing modern society. With the aim of having students properly grasp international economic events based on economic theory, as well as developing their understanding of such events in terms of a policy science that suggests policy measures, the Master’s Program in International Economics has a curriculum that focuses on the following areas. The first is the field of economic theory, covering international economics, game theory, microeconomics, macroeconomics, and statistical analysis for empirical research. The second area is related to international economic policy, primarily among developed nations, covering topics such as international finance, international economic policy, and international industrial organization. Finally, the third area focuses on developing nations and Asia, covering topics such as international development theory, international development policy, Asian economic theory, and international environmental theory. International aid organizations and advanced Western countries have forms of aid that differ from those of Japan in terms of both policy and philosophy, and Japanese collaboration in the healthy growth of developing countries is a challenge of the utmost importance for the future of Japan.
This department fosters experts in a wide range of fields through instruction by economic specialists with advanced expertise in both theory and practice. We aim to cultivate talent endowed with the ability to think about today’s economic issues scientifically and from diverse points of view, by having them learn the latest theories and quantitative methods, starting from the basics.

International Economics Program

In this major, students learn about everything, from the basics to the applications of economics. They also start from the basics to learn statistical analysis methods essential for understanding modern economic and social issues. For those who already have basic knowledge in these concepts, we offer courses with more high-level content as well. We offer thorough instruction with small class sizes for the following individuals: students who want more specialized knowledge before entering the working world, those who want to become researchers in the future, those who aim to improve their careers and have an even more complete work life, those who want to think academically about their experiences as a working adult, those who want to try their hand at writing a thesis or a book, those who want to go one step further from their current life and give themselves an intellectual challenge.

Degree Requirements

To complete the master’s program, students must attend the program for at least two years, obtain the required credits, receive necessary research guidance, earn certification in one foreign language, review their master’s thesis or special topics research results, and pass a final examination. Completion methods include (1) “Master Thesis Research” and (2) “Topical Studies.” The completion requirements differ for each method. For the “Master Thesis Research,” the student must complete a master’s thesis under the guidance of their research advisor and pass a review of that thesis. For “Topical Studies,” the student must report the results of their topical study and pass a review of that study.

Credits Required for the Degree

(1) Master Thesis Research

Completion requires 30 credits, distributed as follows. Mandatory courses: “Seminar I” (placed in Year 2), 2 credits; “Seminar II,” 6 credits. Selected mandatory courses: 12 credits from Group A or B; elective courses: 10 credits from Groups A~C.

Mandatory Year 2 curriculum “Seminar I” 2 credits
“Seminar II” 6 credits
Selected Mandatory 12 credits from Group A or B
Electives Group A subjects 10 more credits
Group B subjects
Group C subjects
Total 30 credits
(2) Topical Studies

Completion requires 38 credits, distributed as follows. Mandatory courses: “Seminar I” (placed in Year 2), 2 credits; “Seminar II,” 6 credits. Selected mandatory courses: 18 credits from Group A or B; elective courses: 12 credits from Groups A~C.

Mandatory Year 2 curriculum “Seminar I” 2 credits
“Seminar II” 6 credits
Selected Mandatory 18 credits from Group A or B
Electives Group A subjects 12 more credits
Group B subjects
Group C subjects
Total 38 credits

Past Research Topics

Master’s Theses

  • Effects of Yen Depreciation on Trade Since 2013
  • Comparative Study of Japan-China Export Structure Upgrades
  • Shifts in the Productivity and Profitability of Japanese Firms: Empirical Analysis of Operational Cash Flow
  • Financial Market Regulations in China: A VAR Model Study of Monetary Policy After the 2008 Financial Crisis
  • Empirical Study of the Adequacy of Designated Fixed-Rate Subsidies (Pigouvian Subsidies) in Servicing the Port of Tokyo
  • Degree of Trade-Generating Effects Incurred by Asia’s FTA: An Empirical Analysis Using Purpose-Based Classification
  • Empirical Study of Japanese Monetary Policy
  • Government vs. Relational Contracts: New Evidence from the Employee Invention Provisions in Japan (Patent Law Article 35)
  • Are Japanese Emerging Markets Fostering Healthy Companies? Empirical Analysis Using Financial Data of TSE Mothers Listed Companies
  • Change Factors in Employment Choices of Contemporary Japanese Women (Quantitative Analysis Using the Tokyo University Institute of Social Science Youth Panel and Adult Panel)
  • Analysis of the Effects of Advertising on Consumer Behavior
  • Study on Corporate M&A in the Japanese Caregiving Industry: Focus on Relationships with the Caregiving Insurance System and Effects on Profitability
  • Measuring Currency Exchange Risk
  • The Relationship Between Investment Behavior and Exchange Rates
  • The Impact of Intra-Sectorial Trade on Inter-Sectorial Trade in China: Empirical Analysis of Electric Machinery Industry Trade
  • Does the Japan-China-Korea FTA Exacerbate Regional Economic Disparities in China? Comparison of International Competitiveness in the General Machinery Industry in Eastern and Midwestern Regions of China
  • Japanese Monetary Policy and Regional Disparities: Empirical Analysis of Policy Response Functions
  • What Determines the Occupational Awareness of Factory Workers? The Role of Organizational Commitments in China
  • Chinese Regional Industrial Structures: A Review of Interindustry Relations Tables of China’s Eight Regions in 2000
  • Rural Credit Markets in Bohol, Philippines: A Review of Debt Default Probability Determinants
  • Consumption Equalization and Personal Networks: The Case of Major Typhoon “Milenyo” in Rural Philippines
  • How ICT Development Caused the Arrival of Giant Platform Companies: Model Analysis of the Effects of Transaction Cost Changes on Network Externalities
  • Distribution and Welfare Under Optimal Growth
  • A Study on the Effects of Enhanced Monetary Policy Transparency on Financial Markets: Japan-US Central Bank Communication Policies
  • Public Pension Reforms in Shanghai: Empirical Analysis of Financial Sustainability
  • Labor Management at Multinational Corporations: Focus on Japanese Firms in Thailand
  • Empirical Analysis of Exchange Rate Variability and Interest Rate Differences between China and Hong Kong
  • Prospects and Assessment Effects of China’s External Balance
  • Effects of Immigrant Remittances on Economic Growth in Latin America and the Caribbean: Panel Data Analysis
  • A Study of Financial and Monetary Policies Using the Mundell-Fleming Model Framework: Do Financial and Monetary Policies Have the Same Effects in Every Country?
  • A Study on an Incentive Analysis of Child Labor and Abolition Policy Effectiveness

Topical Studies

  • A Study on the Moral Hazards of Deposit Insurance Systems: Experiences in the US, Japan, and China
  • The impact of seed credit and training programs on irrigated rice farming in Mozambique: an application of the propensity score matching method
  • Analysis of Labor Demand by Gender: The Case of the Japanese Manufacturing Industry
  • Taisho Era Bubble Economy: Examining by Comparison with the Heisei Era Bubble
  • A Study on Irregular Financing in China: A Case Study of Private Finance in Wenzhou
  • Empirical Analysis of the Japanese REIT Market: Examining the Effects of Stock Prices, Interest Rates and the Bank of Japan’s Monetary Policies on the REIT Market
  • Empirical Analysis of the Household Savings Rate in China: Focus on the Effects of Population Aging
  • Educational Investment Determinants in Rural Philippines
  • An Analysis of the Production Structure of the Japanese Manufacturing Industry: Case Study of Five Major Sectors
  • Simulation Analysis of Energy Tax Introduction in China
  • Child Labor and School Attendance in Rural Cambodia: Through Reviews
  • A Study on Optimal Market Regulations: A Micro and Macro Economic Theory Approach and Case Study
  • Productivity of Technology Spillover from Foreign Direct Investment: The evidence by China's experience
  • FDI and Immigration Inflow in the US: Empirical Analysis Using State-by-State Data
  • New Challenges of Microfinance and Possible Solutions
  • Economic Disparity in China: Gini Coefficient Study
  • Effects of East Asian FTAs on Machinery Industry Trade: GTAP Simulation
  • Comparison of Real Daytime Exchange Rates: Analysis Based on the Balassa-Samuelson Hypothesis with the Addition of Domestic Demand
  • Empirical Study on Thesis Survey of Happiness, and Satisfaction and Motivation Obtained from Work
  • Demonstration of the Potential for Environmental and Economic Coexistence at Japanese Firms on the Hypothesis that Firms with a Passion for Environmental Measures also Have Outstanding Performance
  • Empirical Study on Thesis Survey of Happiness, and Satisfaction and Motivation Obtained from Work

Doctoral Program

To study international economics, you need to be able to read theoretical developments that have passed through history. Now more than ever, the world needs economic theories that have the intellectual fortitude to carefully unravel tangled threads and properly grasp the rapidly changing international economy to guide society in the right direction. The Doctoral Program in International Economics is a higher education program in which instructors at the front lines of both theory and empirical studies in international economics train and guide students to become researchers. Thus far, 12 people have earned a doctoral degree from this program and are engaged in research work.

Degree Requirements

To complete the program, students must be enrolled for the required period of study, be certified in one foreign language, pass a doctoral dissertation application review, and pass a final (oral) examination. For the majors of International Politics, International Economics, and International Communication, students must earn 4 credits in each major and 12 credits in research guidance seminars.

Course Subjects

International Economics Major First Semester Second Semester Total
Year 1 Theories of International Economics I (2 credits) Theories of International Economics II (2 credits) 4 credits

Research Guidance Seminars

International Economics Major First Semester Second Semester Total
Year 1 International Economics Research Guidance Seminar I A (2 credits) International Economics Research Guidance Seminar I B (2 credits) 4 credits
Year 2 International Economics Research Guidance Seminar II A (2 credits) International Economics Research Guidance Seminar II B (2 credits) 4 credits
Year 3 International Economics Research Guidance Seminar III A (2 credits) International Economics Research Guidance Seminar III B (2 credits) 4 credits

The term of study for the doctoral program is set at a standard of three years (Graduate School Regulations Article 10), but those who have achieved outstanding research work may complete the degree in fewer than three years. If completing the degree in less than three years, the student will need to complete the above number of credits within their term of study. However, the Graduate School has a set process for submitting doctoral dissertation applications, and these applications cannot be submitted except through this process.

Dissertation Application Submission Requirements and Process

Precautions before submitting a doctoral dissertation application

Students must pass the following exams to complete the program. Please note that the members of the research guidance committee, consisting of five faculty members, including a research advisor and assistant research advisor, must be decided before taking each of these exams. Be sure to check with the registrar’s office that the members of the research guidance committee have been finalized.

  • Doctoral dissertation research plan evaluation
  • Doctoral dissertation interim report (no pass/fail decision)
  • Final doctoral dissertation report
  • Final doctoral dissertation review