FOR ASIA'S FUTURE

To foster future macroeconomic policymakers
A scholarship for junior government officials in Asia who wish     IMF-JAPAN
to pursue graduate-level economics at Japanese universities.
Funded by the Government of Japan
                                                                   FOR ASIA'S FUTURE
Administered by the IMF Regional Office for Asia and the Pacific
The year 2018 celebrates the 25th anniversary of the JISPA.
     Since its inception in 1993, the program has               JISPA scholars are also invited to various activities,
     targeted promising young officials from key economic       including seminars on topical policy issues presented by
     policymaking agencies as part of the International         IMF staff and policy makers, an annual thesis presentation,
     Monetary Fund’s capacity building efforts. With the        roundtable discussions with officials from the Bank of
     long-lasting support of the Government of Japan, IMF       Japan and the Ministry of Finance in Japan, in addition
     Regional Office for Asia and the Pacific (OAP) in Tokyo    to welcome and farewell receptions. As a new initiative,
     has hosted around 750 officials from over 20 emerging      a workshop for scholars who will continue onto their
     and developing economies in Asia and the Pacific region,   second-year studies will be introduced with the aim of
     including some countries in Central Asia, for graduate-    providing practical training to complement the scholars’
     level scholarships to study in Japan.                      course work at their universities.
     Many JISPA alumni have reached key positions in            With the newly established continued education
     macroeconomic agencies in the region, including            program for the JISPA alumni starting from 2018,
     central banks and ministries of finance. Against this      JISPA alumni are well connected even after they
     background, the JISPA has developed a solid reputation     graduate. This offers courses on more recent and
     and established itself as a prestigious program among      practical subjects facing policy makers to help the
     Asian officials. Their achievements and contribution to    alumni advance their career.
     their countries continue to inspire young officials to
     apply for the JISPA.                                       Please review carefully the material in this brochure
                                                                and contact us directly if you have questions about
     OAP teams up with partnership universities and             the scholarship program.
     continue to strive at enhancing the program. The
     JISPA offers curricula which strike the right balance
     between theory and practice, to meet the ever-changing
     needs of the macroeconomic management in an
     increasingly interconnected world. The curriculum
     offered by each partnership university provides a
     greater focus on financial sector issues, in addition
     to core macroeconomics subjects. Each university has
     identified a set of skills to help potential applicants
     easily identify the program best suited for their career
     and needs of their sponsoring agencies. JISPA scholars
     can expect strong support from the faculty and staff
     for their academic needs and acclimating to their life
     in Japan: the Orientation Program (OP) is offered to       Chikahisa Sumi
     ensure that new entrants are well prepared in English      Director
     and mathematics/econometrics to commence their             Regional Office for Asia and the Pacific
     master’s programs.                                         International Monetary Fund

        I. INTRODUCTION  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 1

       II. THE PARTNERSHIP TRACK .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 2
             The Japan-IMF Scholarship Program (JISPA) Partnership Universities
                 National Graduate Institute for Policy Studies  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 3-4
                 Hitotsubashi University  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 5-6
                 International University of Japan .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .7–8
                 University of Tokyo .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 9–10
             Course Listing .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 11–14
             Skills to be Attained . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15–16
             Orientation Program .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  17
             General Information .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  18
             Important Dates  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 19
             Sample Math Test .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 21–22

      III. THE OPEN TRACK .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 23
           General Information .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  24

      IV. ACTIVITIES FOR JISPA SCHOLARS  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 25-26

       V. APPLICATION TO THE JISPA .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 27
          Application Guidelines For Partnership and Open Track .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  27-28

      VI. CONTACT ADDRESSES  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 29-30

             Comments made by the JISPA scholars through the survey taken at their graduation in AY2016-17 are inserted.

I. Introduction

            The Japan-IMF Scholarship Program for Asia (JISPA) was first                     Currently, the JISPA is open to qualified candidates from
            introduced in 1993. It is funded by the Government of Japan,                     the following countries:
            administered by the International Monetary Fund (IMF),
            and conducted at various graduate schools in Japan. Its key                      Bangladesh, Bhutan, Cambodia, China, India, Indonesia,
            objective is to contribute to institutional capacity building in                 Kazakhstan, Kyrgyz Republic, Lao P.D.R., Malaysia, Maldives,
            economic policymaking to promote the sustainable growth of                       Mongolia, Myanmar, Nepal, Pacific Island Countries, Papua
            emerging and developing economies in Asia and the Pacific.                       New Guinea, Philippines, Sri Lanka, Tajikistan, Thailand, Timor-
            By training future macroeconomic managers in these countries,                    Leste, Turkmenistan, Uzbekistan, and Vietnam.
            the JISPA aims to enable them to better formulate sound
            economic and financial stability policies needed for sustainable                 The scholarship covers tuition-related costs and most living
            growth and development.                                                          expenses for the scholar herself/himself. Officials who receive
                                                                                             the JISPA scholarship cannot accept other scholarships. Scholars
            The JISPA targets highly motivated government officials who                      are expected to devote full time to their studies while in Japan.
            may serve as future macroeconomic policy makers with the
            capacity and vision to contribute effectively to the economic                    The program comprises of two tracks: the partnership track,
            development of their countries. Scholarship awards are                           discussed in Part II of this brochure, and the open track, discussed
            made on the basis of the candidate’s academic record and                         in Part III. Because of the strong competition for scholarships, the
            work background, mathematical and statistics skills, English                     JISPA is highly selective. In 2019-20, a total of 33 new scholarships
            language proficiency, and potential for contributing to the                      are available to candidates for the partnership track. There is no fixed
            macroeconomic and financial management and economic
                                                                                             limit on new scholarships for the open track, but generally only a
            development of their country. The assessment also includes
                                                                                             small number of scholarships are awarded.
            qualities such as the candidate’s commitment to public
            service, willingness to learn, and openness to new ideas.
            Other than this assessment of individual candidates, country
            and agency representation across the region and gender
            balance among scholarship awardees are considered in
            making the final selection.

                     JISPA Scholars by Affiliation, 1993-2017                                                        JISPA Alumni Currently in Senior Positions 1
                                                                                                                         at Public Offices and Central Banks
                                                                                                                                     (as of 2017)

                   24 (4%)
                7 (1%)                                                                      14
           21 (3%)                                   Central Bank                                                                                                                                         12
       24 (4%)
                                        367 (55%)    Ministry of Finance/Tax Authority                                                                                    10
                                                                                            10          9
88 (13%)                                                                                                                                                                                            8
                                                     Economic Affairs Ministry and Agency   8
                                                     Statistics Bureau                      6                    5                                        5
                                                     Trade/Commerce Ministry
                                                                                            4                                                                     3
                                                                                                                                   2        2
                                                                                            2                            1                                                         1        1
                                                     Cabinet Office
136 (20%)                                                                                   0
























                                                                                                      JISPA alumni and alumna who hold a position higher than Deputy Director or its equivalent.

  1                                                                                                                                                                             I. Introduction
II. The Partnership Track

    The partnership track of the JISPA allows scholars to study
    in specially designed graduate level courses concentrating      pursue their particular interests and research agenda.
    on macroeconomics at an IMF partnership university.             All programs contain a thesis or research paper component
    The partnership universities are:                               that will allow the student to develop policy research skills.

                                                                    The partnership universities have been selected for their strong
      ∙∙ National Graduate Institute for Policy Studies (GRIPS):
                                                                    program content and excellent teaching faculties, but have
         one-year and two-year programs
                                                                    different strengths and characteristics. Applicants are therefore
      ∙∙ Hitotsubashi University: two-year program                  urged to study the contents of the programs, together
      ∙∙ International University of Japan (IUJ):                   with the “Skills to be Attained,” offered by each university
         two-year program                                           carefully before applying, as the application must indicate
                                                                    which university they wish to enroll in.
      ∙∙ University of Tokyo (UTokyo): two-year program
                                                                    The application deadline for the partnership track is
    All subjects, including the thesis component, are taught
                                                                    December 1, 2018. After an initial screening of applications,
    entirely in English.
                                                                    selected candidates will be contacted by the IMF to arrange
    The universities offer programs for JISPA scholars designed     an interview, which is typically done in their countries with
    to equip scholars to engage in macroeconomic policy dialogue    representatives from the partnership universities. A math and/or
    at the international level. All of the programs have a strong   English examination may also be administered at this time.
    macroeconomic oriented focus, with core courses offered in      The final selection will be made on the basis of the interview,
    macroeconomic and financial theory and policies. In addition,   math and English competencies, the application form, and any
    the programs offer optional subjects that will help scholars    other supplementary information.

                                                                        The JISPA provides distinct opportunity of studying at
                                                                      some prominent graduate schools in Japan. In addition
                                                                        to academic study, the cross-cultural interactions, IMF-
                                                                              sponsored events and networking with the future
                                                                             macroeconomic leaders of Asia have helped me to
                                                                      improve my individual capacity and thus paved the way
                                                                           of enhancing my organization’s capacity. So, I would
                                                                         like to express my heartfelt gratitude to the Japanese
                                                                                    government, Japanese people and the IMF.

2                                                                                                                II. The Partnership Track
The Japan-IMF Scholarship Program (JISPA)
    Partnership Universities: Program Descriptions

    National Graduate Institute for Policy Studies (GRIPS)
    GRIPS is a graduate school specializing in education and research      monetary and fiscal policies in domestic and global economies.
    in the area of policy studies. Established by the Japanese             It values education in principles and theories of macroeconomics,
    government in 1997, GRIPS aims to provide interdisciplinary            combining rigorous training in analytical and quantitative
    education for future leaders in the public sector and to conduct       methods with emphasis on macroeconomic policy analysis,
    cutting-edge research on contemporary policy issues. GRIPS is          design, and implementation.
    located in Roppongi, one of the trendiest cultural and international
    districts in the heart of Tokyo, and has a cosmopolitan atmosphere     The MEP developed from the successful tradition of Transition
    with around 20% of the faculty and 70% of students coming              Economy Program, a partner of JISPA since the inception of the
    from outside of Japan.                                                 scholarship program.

    The predecessor of GRIPS was the Graduate School of Policy Sciences    The Faculty
    established in 1977 at Saitama University, the first graduate school   The MEP is supported by full time faculty and visiting
    for policy studies in Japan.                                           lecturers. About 20 full time faculty members, many of which
                                                                           are international scholars, form the core faculty of the program.
    Based on research outputs and impacts, the economics group at          The faculty at GRIPS include both members with solid academic
    GRIPS was ranked Second in Japan and Eleventh among public             trainings and outstanding publication records as well as practitioners
    policy schools in the world (RePEc, May 2018).                         with extensive experiences in civil services and public policy
                                                                           management. All of them are committed to educating new
    Macroeconomic Policy Programs                                          generations of policy makers and have rich experiences in
    For JISPA scholars, GRIPS offers One year Macroeconomic Policy         teaching and thesis supervisions.
    Program and Two year Macroeconomic Policy Program (MEP).
    One year MEP requires 34 credits for graduation and grants a           The Curriculum
    Master of Public Policy or a Master of Public Economics; Two           The curricula consist of four components: required courses,
    year MEP requires 44 credits and grants a Master of Arts in Public     a policy paper (One year Program)/thesis (Two year Program),
    Economics. Qualified candidates with strong competency who             recommended courses, and elective courses. The required
    are higly motivated to complete an intensive one year program          courses, which include Macroeconomics, Microeconomics, and
    are encouraged to apply for One year MEP. Qualified candidates         Econometrics, provide solid training in principles and theories of
    who have flexible working schedules, willing to devote more time       economics and develop practical analytical skills for designing and
    to thesis writing, and have a desire to develop more advanced          evaluating macroeconomic policies. The variety of recommended
    analytical skills are welcomed to Two year MEP.                        and elective courses gives students the chance to further advance
                                                                           their analytical and quantitative skills as well as to develop their
    The MEP is a professionally oriented program designed to train         specialization in specific areas of interests, such as monetary
    modern macroeconomic policy makers and professionals who               policy, fiscal policy, international trade, and financial markets.
    need to understand macroeconomic fluctuation and the roles of

3                                                                                                                         II. The Partnership Track
Required Courses                                                      Qualifications
    All MEP students must take the following eight courses:               Candidates must hold a Bachelor’s degree from a recognized/
    Macroeconomics I &II, Microeconomics I & II, International            accredited university and must satisfy the English language
    Finance, Introduction to Applied Econometrics, The World and          requirements with a minimum TOEFL score of 550 (iBT 79) or IELTS
    SDGs, and Introduction to Public Policy Studies.                      6.0. A strong undergraduate background and work experience in
                                                                          public policy related fields are also required.
    Policy Paper/Thesis
    One year MEP students are required to write a policy paper; Two       Facilities
    year MEP students are required to write a master’s thesis. Both       GRIPS offers all necessary facilities for students. The GRIPS library
    policy paper and thesis writings will be supervised by core faculty   maintains an excellent collection of books, journals, databases,
    members through thesis seminars.                                      and reference materials. Wireless internet access is available on
                                                                          campus. On-campus facilities also include a computer room,
    Recommended Courses                                                   fitness center, auditorium, conference rooms, individual study
    Recommended courses include quantitative analysis courses             booths, and a health clinic staffed with an English speaking nurse
    such as Applied Time Series Analysis for Macroeconomics,              and doctor.
    Applied Econometrics, Mathematics for Economic Analysis,
    Statistics, Quantitative Social Systems Analysis, and Cost Benefit    Accommodation is provided in GRIPS International House in
    Analysis I &II.                                                       Nakano, the Tokyo International Exchange Center in Odaiba, Misato
                                                                          Housing Complex in Saitama Prefecture, or in private apartments
    Students may also choose from courses covering a wide range
                                                                          recommended by the GRIPS Student Office.
    of disciplines such as Accounting and Financial Management,
    Empirical Finance, Financial Economics, Monetary Economics,
                                                                          Further information on the program can be found on the GRIPS
    International Trade, Public Expenditure Management,
                                                                          website at http://www.grips.ac.jp/en.
    Development Economics, Game Theory, and Japanese Economy.

    Advanced Courses in Economics
    Students with exceptional qualifications and capacities have          “The Macroeconomic Policy Program (MEP) at GRIPS
    opportunities to take advanced economics courses offered to Ph.D.     provides macroeconomic policy makers the ability to
    candidates of the Policy Analysis Program.                            guide the economy to stable and sustained growth.
                                                                          Many of our graduates are currently playing leadership
    GRIPS Forums and Seminars in Frontiers                                roles in the public sector such as government ministries
    of Economics Research                                                 and central banks. Join the MEP and get a boost in
    The bi-weekly GRIPS forum provides an excellent opportunity           your career—it’s your turn to change your country for
    for students to understand major economic and political issues        the better!”
    in Japan and the world. The weekly economic seminars open
    students’ eyes to the frontier of economic research.

    Please see page 11 for a complete course listing
    and page 15 for “Skills to be Obtained by Scholars”.

                                                                          Junichi Fujimoto
                                                                          Program Director and Associate Professor,
                                                                          Macroeconomic Policy Program, GRIPS

4                                                                                                                       II. The Partnership Track
Hitotsubashi University

    Founded in 1875, Hitotsubashi University is a leading university in   The Faculty
    economics and business in Japan. Today, it has four departments,      The Asian Public Policy Program’s core faculty comprises full-
    seven graduate schools, and two research institutes, covering the     time teaching staff who combine Ph.D. degrees from top US and
    fields of business, economics, law, and social sciences. It has an    UK universities with professional working experience at policy
    enrollment of approximately 6,000 undergraduate and graduate          institutions including the IMF, World Bank, Bank of Japan, and
    students, and a faculty and staff of over 550.                        Japan’s Ministry of Finance and the Financial Services Agency. In
                                                                          addition to the core faculty, lectures are given by academics with
    Master of Public Policy (Public Economics)                            outstanding reputations from the Graduate School of Economics
    Asian Public Policy Program,                                          of Hitotsubashi University as well as by leading professionals with
                                                                          practical experience from public and private sector institutions.
    School of International and Public Policy
                                                                          Current Visiting Professors include those from Harvard University’s
    For JISPA scholars, Hitotsubashi University offers the two-year
                                                                          Kennedy School of Government and National University
    Asian Public Policy Program (APPP) at the School of International     of Singapore.
    and Public Policy, leading to the degree of Master of Public Policy
    (Public Economics). The program targets young professionals           The Curriculum
    in Asian governments, central banks and other policy-related          The curriculum focuses on economic policy design and analysis,
    organizations. The APPP has been and continues to be an               and is conducted entirely in English. The curriculum consists of
    important stepping-stone for such individuals to become fully-        core theory courses, fiscal and regulatory policy, monetary and
    fledged fiscal or financial economists, economic planners, policy     financial policy, workshops on current topics, special intensive
    analysts, and policymakers in their governments as well as in         courses, and weekly seminars.
    international organizations.
                                                                          A strong emphasis is placed on seminar work and the master’s
    The course distinguishes itself from other graduate programs          thesis. Seminar work is a long-standing tradition of Hitotsubashi
    offered in the public policy area by its strong focus on economic     University, where a small group of students work together under
    policy, with almost all of the required and elective courses          the guidance of the academic advisor to discuss economic and
    structured around economics and its applications to policy.           policy issues as well as develop and discuss their prospective
    The program aims to equip its graduates with the knowledge            thesis. The thesis is a required element of the course and provides
    and skills to analyze and develop policies against a sound            an opportunity for students to apply their knowledge and skills
    knowledge of economic theory.                                         acquired from the APPP courses to analyze real-world policy
                                                                          issues. A total of 44 credits and the submission of a thesis are
    The Program is also especially attractive for the personalized
                                                                          required for the degree.
    attention it provides to the students. The class sizes are quite
     small – at most around 15, and each full-time faculty supervises     For those students who wish to pursue doctoral courses in the
    around 4 student per annual intake, and is able to give close         future, or who have specialized interest in non-economic area
    guidance to the student’s academic undertakings. The small size       of public policy, they may, with the advice and consent of their
    of the Program also allows students to build strong ties with their   supervisors, take advanced courses offered by the Graduate
    fellow students, which can last a lifetime, and will be a valuable    School of Economics or by the Global Governance Program
    asset in their career.                                                of the School of International and Public Policy.

5                                                                                                                      II. The Partnership Track
Course Descriptions                                                        Qualifications
    Core Courses taken in the first year provide basic theoretical and         A minimum of two years’ full-time public sector working
    analytical skills. The Elective Courses and Intensive Courses are          experience in economic policy areas and a BA or BS degree
    provided throughout the two years and focus on specific policy             from an officially accredited university are required. A first
    areas. Students are also required to take an English Thesis Writing        degree in Economics would be an advantage, but the program
    course. The Master’s thesis is the focus of student’s study during         welcomes those with other background with a strong desire
    much of the second year.                                                   and commitment to study economics. Candidates should have
                                                                               high English proficiency, i.e., TOEFL score of 550 (CBT 213)/IELTS
    Required Courses: Theoretical Foundations                                  6.0 or higher.1
    Core theory courses provide a solid foundation in microeconomic
    and macroeconomic theory and public sector economics                       Facilities
    as a framework for policy analysis. Courses on quantitative                The Asian Public Policy Program is located in central Tokyo.
    techniques of economic analysis and financial programming for              Adjacent to the Imperial Palace grounds, the campus is part of a
    macroeconomic policy formulation are also required, with the               new 23-story building, complete with high-tech communication,
    latter offered as a two-week intensive course.                             library, conference and other facilities.
                                                                               Hitotsubashi University offers single-occupancy rooms at the
    Elective Courses: Policy Areas
                                                                               University dormitory for all JISPA scholars. Provision of family
    These courses cover major issues in specific policy areas, covering
                                                                               room is subject to availability. However, please note that current
    analytical and practical aspects of policies, with a special emphasis on
                                                                               Program regulations do not allow students to bring their family
    experience in Japan and Asia. For students with a tax administration
                                                                               with them to Japan during the first year, due to the intensive
    background, a special course is offered in association with the National
                                                                               nature of the study.
    Tax Agency of Japan, which provides practical knowledge and
    experience on taxation issues.                                             Further information on the program can be found on the
                                                                               Hitotsubashi University website at
    Courses on Current Issues:                                                 http://www.ipp.hit-u.ac.jp/appp/index.html
    They are designed to provide students with a good understanding
    of the current situation, prospects, and research of the current           “Asian Public Policy Program offers an opportunity
    topics, with lectures provided by external scholars, policymakers,         to learn from professors who combine knowledge of
    staff of international organizations, and other practitioners in           economics with rich experience of implementing or
    public policy, from both Japan and abroad.                                 advising on economic policy. Students can study how
    Japanese Language Course                                                   to analyze policy issues relevant in the real world on a
    Intensive Japanese language courses are offered a few weeks a              firm theoretical basis. Striking the right balance between
    year for JISPA scholars.                                                   theory and practice is what we strive to achieve in our
                                                                               Program, which we believe will greatly contribute to
    Seminars                                                                   your career.”
    Students are required to belong to a seminar group led by their
    academic advisor. They pursue academic topics of their interest,
    which provides a basis for their thesis.

    Extracurricular Activities
    An overnight trip is organized at the beginning of each academic
    year as a team building exercise. Field trips outside of Tokyo are
    also organized. Furthermore, students are given an opportunity
    to experience Japanese culture, including calligraphy, wearing             Masako Ii
    kimonos, visits to cultural/historical places.                             Program Director and Professor, Asian Public Policy
                                                                               Program, School of International and Public Policy,
    Please see page 12 for a complete course listing
                                                                               Hitotsubashi University
    and page 15 for “Skills to be Obtained by Scholars.”
                                                                                Hitotsubashi University candidates are required to complete the admissions process for
                                                                               the School of International and Public Policy in addition to the JISPA process, as a formality.
                                                                               A separate application form must be filled out and submitted to the university with the required
                                                                               documents. Hitotsubashi will contact their finalists for details following the determination
                                                                               of JISPA application results.

6                                                                                                                                               II. The Partnership Track
International University of Japan (IUJ)
    IUJ was founded in 1982 with extensive support from Japanese           or related fields from prestigious universities such as Cornell
    industrial, financial, and educational communities, and from the       University, University of New South Wales, North Carolina State
    local community of Minami-Uonuma City in Niigata prefecture.           University, University of Oxford, University of Rochester, and
    IUJ consists of two graduate schools: the Graduate School              University of Wisconsin-Madison. Because many faculty members
    of International Relations (GSIR) and the Graduate School of           live around campus, they are readily available to the students.
    International Management (GSIM). GSIR currently offers four
    Master’s degrees: Master of Arts in Economics, Master of Arts in       Faculty members promote the exchanges of ideas and discussions
    International Development, Master of Arts in Public Management         in an objective, supportive, and effective environment. They are
    and Master of Arts in International Relations. The student body        not only effective teachers but also productive and excellent
    of IUJ comprises about 360 students representing about 60              scholars. Faculty members have been involved in various policy
    countries across the globe.                                            related research projects financed by organizations such as the
                                                                           Japan Society for the Promotion of Science, Japan International
    In response to strong needs for higher level professionals in an       Cooperation Agency, Economic Research Institute for Northeast
    increasingly globalized society, GSIR launched a PhD Program           Asia, and United Nations University. Their research results have
    in September 2015. Targeting future leaders in international           been published in internationally refereed academic journals.
    organizations, public organizations and/or governments, the PhD        The JISPA scholars are given the opportunity to learn from and/or
    Program aims at fostering high level professionals playing an          be involved in these projects.
    important role in international arena with theoretical, analytical,
    and practical abilities as well as fostering researchers to operate    The Curriculum
    effectively in international society.                                  The curriculum is designed for the scholars who need the
                                                                           critical skills and knowledge of basic macroeconomic concepts
    Macroeconomic Policy Program                                           (macroeconomic and microeconomic theories, monetary
    For JISPA scholars, IUJ offers the two-year Macroeconomic Policy       economics, international trade and finance, financial economics,
    Program (MPP). The program provides rigorous training in the           public finance and taxation, econometrics) with a strong emphasis
    principles of economics and their applications in policy analyses.     on macroeconomic policy formulation and public finance, central
    The program’s objective is to equip scholars with a comprehensive      banking and monetary policy, and financial market policy.
    understanding of contemporary macroeconomic issues and to help         The two-year curriculum consists of required courses, elective
    scholars contribute to sustainable economic growth and development     courses, and advanced seminars.
    in Asia and the Pacific. The curriculum of the program is designed
    especially for the government officials from ministries of finance,    First year: The first-year curriculum introduces core required
    central banks, and other public institutions. Emphasis is placed on    courses that provide the scholars with tools, concepts, and theories
    macroeconomic policy formulation and public finance, central banking   in economics and related fields (please refer to our course listing).
    and monetary policy, and financial market policy, which contribute     It also trains scholars on how to use various software packages for
    to human capacity building of such organizations.                      empirical and quantitative analyses such as STATA, E-Views, Gauss,
                                                                           Matlab, and Fortran. Empirical methods including structural
    The Faculty                                                            model and quasi-experimental approaches are covered. Advanced
    Faculty of the Macroeconomic Policy Program (MPP) consists             macroeconomic models such as CGE and DSGE are also taught.
    of core full-time and visiting faculty members. All core full-time     These courses expose the scholars to cutting-edge knowledge
    faculty members have obtained PhD degrees in economics                 in macroeconomics, thus helping them to analyze public policy

7                                                                                                                       II. The Partnership Track
issues within inclusive and coherent theoretical and empirical               from throughout the world. IUJ has four on-campus student
    frameworks. The scholars start preparations for a master’s thesis            dormitories, of which three are for single students and a small
    on a unique, macroeconomic related issue toward the end of the               one for married students. An English-speaking dorm staff’s office
    first-year. Before the spring term of the first year, all scholars need      is open from 9:00a.m to 5:00p.m. throughout the year, including
    to decide their research topic and choose an academic supervisor.            weekends and national holidays. For meals and daily supplies, IUJ
    They, with their supervisor’s guidance, plan which elective courses          has a 24-hour simple café, a cafeteria with Halal offerings, and a
    to enroll in that will help them explore their research topic.               school shop. Some students prefer cooking their own meals in
                                                                                 the common kitchens in the dorms. Along with sporting facilities
    Second year: The second-year curriculum consists of elective                 include tennis courts and a gymnasium, students also have easy
    courses and a master’s thesis writing. Practical and policy-                 access to ski slopes in the winter and hiking trails in summer.
    oriented courses expand the theoretical and empirical capabilities           There are numerous club activities and extra-curricular activities on
    developed in the first year. Simultaneously, the scholars                    and outside of campus throughout the year. Counseling services
    concentrate on their master’s thesis while participating in                  in English are available on campus. A well-experienced counselor
    advanced seminar sessions under supervision of faculty members.              with an international background is stationed to support your
    Through the process, the scholars have an opportunity to analyze             campus life with private and confidential consultation on a wide-
    their research topic in depth by integrating theories, methods,              range of issues including stress managements, anxiety, personal
    concepts and their practical applications that they have acquired            issues, interpersonal issues, etc.
    in the entire two-year program.
                                                                                 Further information on the program can be found on the IUJ
    Seminars and other activities                                                website at http://www.iuj.ac.jp/gsir.
    A series of workshops and seminars conducted by renowned lecturers
    and practitioners enable the scholars to obtain practical knowledge.         The latest brochure of the GSIR is also available upon
    Field trips to various Japanese financial institutions and cultural places   request through the internet at
    also enrich their IUJ experiences.                                           http://www.iuj.ac.jp/admis/request.

    Language programs
    GSIR offers a sequence of English and Japanese language courses
    throughout two years of study. The English Language Program
    provides effective English language courses to the JISPA scholars            “The educational goal of the Macroeconomic Policy Program
    who need to improve their English language proficiency. In                   (MPP) at IUJ is to train students as rigorous macroeconomic-
    addition, the Japanese Language Program offers courses from                  policy makers and/or analysts. To achieve this goal, the MPP
    introductory to advanced levels.                                             systematically provides a sequence of economics-related
    Please see page 13 for a complete course listing                             courses, ranging from the introductory to advanced ones,
    and page 16 for “Skills to be Obtained by Scholars.”                         and covering both qualitative and quantitative ones. The MPP
                                                                                 courses are challenging, but the outcome of two-years hard
    Qualifications                                                               working will be highly rewarding. The MPP faculty welcomes
    Candidates with a strong desire to study and contribute to                   your application.”
    macroeconomic policy formulation in their countries are encouraged
    to apply. A strong undergraduate background, evidence of experiences
    with public policy issues, and high English proficiency are required.

    There are three computer labs on campus. In the dormitories,
    students can also access a highly efficient campus-wide Local Area
    Network (LAN), which is linked to the internet 24 hours a day. IUJ’s
    Matsushita Library and Information Center has a large collection of          Prof. Yusuke Jinnai
    books (hard copy and e-books), journals, and databases in the area           Associate Professor and Program Director,
    of business, economics, finance, and politics. It serves as a gateway        Macroeconomic Policy Program, Graduate School of
    for students to access a wide range of important information                 International Relations, International University of Japan

8                                                                                                                              II. The Partnership Track
The University of Tokyo (UTokyo)
    Study at the University of Tokyo:                                                                 schools (provided language proficiency requirements are met).
    Tradition of Excellence.                                                                          MPP/IP applicants are expected to demonstrate basic competence
    As a leading research university with over 4,000 faculty and nearly                               for learning law, politics and economics.
    30,000 students, UTokyo offers courses in essentially all academic                                MPP/IP consists of two policy streams, namely, Economic Policy,
    disciplines at both undergraduate and graduate levels. In addition                                Finance and Development (EPFD) and Public Management and
    to providing students with a learning environment that is ideal for                               International Relations (PMIR), and JISPA scholars will be
    both intellectual development and professional skills attainment,                                 enrolled on EPFD.
    UTokyo is known worldwide for the cutting edge research
    undertaken within the institutions.                                                               The Faculty
                                                                                                      Three UTokyo Graduate Schools (Public Policy, Economics, and
    Graduate School of Public Policy (GraSPP)                                                         Law and Politics) contribute the core teaching staff of the MPP/
    GraSPP was established in 2004 with a mission to bridge                                           IP; although other Schools and Research Institutes also provide
    the gap between academic learning and public policy practices.                                    courses being integrated with the program. The School boasts
    Academic staff and private / public sector policy practitioners work                              expertise in macroeconomic and monetary or financial economics,
    closely together to connect social science theories to real world                                 thanks to faculty members with a breadth of applied experience
    problems. In the modern globalized world, effective policy-making                                 from organizations such as the IMF, the Ministry of Finance, the
    requires an international perspective. This, coupled with strong                                  Bank of Japan, and the Council for Economic and Fiscal Policy.
    foundational academic training, is what we seek to provide for our                                Located in the city center, UTokyo is able to exploit its proximity
    student body in preparation for careers spanning government,                                      to the government offices and corporate headquarters to attract
    business, and the public sector. Despite a short history, GraSPP is                               many prominent professionals and practitioners as part-time
    now recognized as a leading public policy school in Japan. About                                  teaching staff in the program.
    a third of the GraSPP graduates have been placed in various
    government organizations.                                                                         The Curriculum
                                                                                                      The GraSPP curriculum encompasses a wide range of public policy
    Master of Public Policy, International Program                                                    sub-fields including microeconomics, macroeconomics, policy
    (MPP/IP)                                                                                          process studies, governance and development. JISPA scholars are
    UTokyo offers the 2-year Master of Public Policy, International                                   required to complete 46 units in two years (please see a course
    Program (MPP/IP), which was launched in October 2010. An                                          listing for details).
    extensive and diverse menu of courses in English are offered to
    learn cutting edge approaches to the public policy arena from                                     Economic Policy, Finance and Development (EPFD)
    internationally renowned faculty members at UTokyo.1 Extra-                                       All those involved in public policy now face greater opportunities
    curricular activities organized by the School and student groups                                  and responsibilities to address various challenges stemming from
    allow for increased social and scholarly exchange between                                         globalizing economic activities with evolving social and political
    Japanese-stream and English-stream MPP students. Furthermore,                                     systems. Naturally, there is a growing demand for public policy
    MPP/IP students are also able to take courses in other graduate                                   practitioners equipped with professional knowledge and practical
                                                                                                      skills. Against this background, those who aspire to be globally
                                                                                                      competitive public policy practitioners are increasingly required
     All courses offered in the MPP/IP are also open to English-proficient students in the Japanese
                                                                                                      to broaden their intellectual horizons, acquire specialized

    MPP programs.

9                                                                                                                                                 II. The Partnership Track
knowledge, sharpen analytical skills and strengthen practical                         The University of Tokyo Library System is composed of about 40
     capacities. EPFD is designed to meet this demand by offering                          libraries, including the General Library, the Komaba and Kashiwa
     courses suited for those who want to advance their careers in                         Libraries, and faculty / institutional libraries. The General Library
     government, business, international organizations or NPOs in                          is the system’s main coordinating body. Each faculty / institution
     the field of economic policy, finance and development.                                library has a large number of materials in their specialized fields.

     First Year: In the first year, students are expected to take most                     GraSPP’s International Student Advisers provide student support
     of the required core courses as well as one or two case studies.                      services to help them complete their enrolment and arrange
                                                                                           for visas. Advisors also help coordinate applications for student
     Second Year: In the second year, on top of taking other elective                      dormitories or find accommodations through private real
     courses, students focus on writing a research paper/thesis                            estate firms.
     frequently focusing on topics examined in case study courses
     to apply to policymaking in the context of their home countries.                      Japanese Language Courses
                                                                                           The University of Tokyo’s International Center offers a variety of Japanese
     Other Recommended and Elective Courses                                                language courses for international students. For further information,
     Elective courses cover a range of topics, including Development                       please visit the website:
     Economics: Macroeconomic Approach, Asian Financial Markets,                           http://www.nkc.u-tokyo.ac.jp/index_e.html
     Theory and Empirics of Unconventional Monetary Policy,
     Development Finance, and Asian Economic Development and                               Further information on GraSPP is available on the following website:
     Integration. GraSPP also hosts a Public Policy Seminar Series,                        http://www.pp.u-tokyo.ac.jp/en/index.htm
     inviting world leaders in government, academic and business
     fields to deliver lectures on current public policy issues.                           Further information on MPP/IP is available on the
                                                                                           following website:
     Please see page 14 for a complete course listing                                      http://www.pp.u-tokyo.ac.jp/en/mppip/http://www.pp.u-
     and page 16 for “Skills to be Obtained by Scholars”.                                  tokyo.ac.jp/en/mppip/?page_id=9

     Candidates must hold a Bachelor’s degree or its equivalent from
     a recognized/accredited university and are expected to possess                        “In the new school building completed last year, GraSPP
     high English language proficiency to be able to pursue studies.                       students and faculty are enjoying the splendid educational
     A minimum TOEFL score of PBT 570 (CBT 230, iBT89) or IELTS                            environment that serves and matches an increasingly
     6.0-6.5 is expected. A strong undergraduate background and/                           diverse student body. The school continues to upgrade
     or evidence of experience with public policy issues in economic                       interdisciplinary training with a balanced mix of law, politics,
     management are also required.2                                                        and economics, including classes offered by faculty members
                                                                                           with practical experience, as well as hands-on training that
     Facilities                                                                            draws on real-world case studies.
     The main campus of the university is located in Hongo, Bunkyo-ku,
     Tokyo and occupies about 56 hectares of the former Kaga Yashiki,                      I hope that our students can make the most of these learning
     the Tokyo estate of a major feudal lord. Parts of the seventeenth                     environments and transform themselves into public policy
     century landscaping of the original estate have been preserved                        professionals.”
     to provide greenery and open space.

       Successful candidates for GraSPP are additionally required to complete and pass
     the formalities of admissions process for the GraSPP. A separate application form
     must be filled out and submitted to the MPP/IP Admissions Office, following the
     instructions from the university after the JISPA final selection in mid-April 2019.
     The application form will be sent from MPP/IP Admissions Office via email.

                                                                                           Akio Takahara
                                                                                           Dean, Graduate School of Public Policy,
                                                                                           University of Tokyo

10                                                                                                                                           II. The Partnership Track
Course Listing
     Macroeconomic Policy Program                            Theory and Practice of Central Banking:
                                                                 Japanese and Global Experience
     Master of Public Policy or Master of Public Economics   Environmental Economics
       (One-Year Program)                                    Resource and Energy Economics
     Master of Arts in Public Economics                      Contemporary Japanese Economy
     (Two-Year Program)                                      Japanese Economy
     Required Courses and Policy Paper                       Japanese Financial System
        (One-year Program)                                   Financial Economics
     Required Courses and Thesis                             Empirical Finance
        (Two-year Program)                                   Japan and the Global Economy I, II
                                                             Cost Benefit Analysis I, II
     Required Courses
                                                             Economic Modeling for Policy Simulations
     Macroeconomics I & II                                   Development Economics
     Microeconomics I & II                                   Asian Financial Markets
     International Finance                                   Labor and Health Economics
     Introduction to Applied Econometrics                    Computer Programming for Economics
     Introduction to Public Policy Studies                   Politics of Global Money and Finance
     The World and SDGs                                      Accounting and Financial Management I, II
     Policy Paper Seminar I–III                              Fiscal and Monetary Policies in Japan
         (One-year Program)                                  Structural Reform and Privatization
     Thesis Seminar I–IV                                     Public Expenditure Management
         (Two-year Program)
                                                             Modernization of Financial Sector:
     Recommended Courses                                         Lessons from Recent Financial Crises
                                                             International Development Policy
     Monetary Economics (Money and Banking)                  GRIPS Forum
     Government and Market                                   Statistics
     Applied Time Series Analysis for Macroeconomics         Quantitative Social Systems Analysis
     Applied Econometrics                                    East Asian Economies
     Applied Econometrics Practice                           Introduction to Quantitative Methods (Two year Program)
     Strategy for Economic Development
     Trade and Industrial Development                        Elective Courses
     Game Theory                                             Advanced Economic Courses for Qualified Students
     Mathematics for Economic Analysis
                                                             Advanced Macroeconomics I–IV
     Public Finance
                                                             Advanced Econometrics I–III
     Fiscal Reform in Japan
                                                             Advanced Econometrics IV (Two year Program)
     Economics of Tax Policy
                                                             Advanced Microeconomics I–IV (Two year Program)
     Public Economics
                                                             Other courses offered by GRIPS
     Reform of Economic Policy in Japan
     Economics of Education and Labor
     Economics of Law
     Competition and Regulatory Economics
     International Trade

      The JISPA could help improve our personal
      ability which will help make right decisions
      on the economy in the future.
11                                                                                                   II. The Partnership Track
Hitotsubashi University
     Master of Public Policy (Public Economics)
     Asian Public Policy Program
     Required Courses/Seminar Works                                     Compulsory/Elective Courses
      Economics of the Public Sector                                     Issues on Public Policy I
      Microeconomics for Public Policy                                   Issues on Public Policy II
      Macroeconomics: Theory and Policy                                  Issues on Public Policy III
      Fundamentals of Econometric Methods                                Issues on Public Policy IV
      Seminar I                                                          Issues on Public Policy V
      Seminar II                                                         Issues on Public Policy VI
                                                                         Issues on Public Policy VII
                                                                         Issues on Public Policy VIII
     Compulsory Course                                                   Issues on Public Policy IX
      Financial Programming for Macroeconomic Policy Formulation         Issues on Public Policy X
      Workshop on Current Topics
      English Thesis Writing I                                          Note: For those students who wish to pursue doctoral courses in the future,
      English Thesis Writing II                                         they may, with the advice as well as approval from their supervisors,
                                                                        take advanced courses offered by the Gradudate School of Economics
                                                                        such as Intermediate Macroeconomics, Advanced Macroeconomics,
                                                                        Advanced Microeconomics or sometimes by other graduate schools at
     Elective Courses
                                                                        Hitotsubashi University.
     (Fiscal Policy)
         Economic Analysis of Tax Systems
         Tax Policy I: Policy and Systems
         Tax Policy II: International Taxation
         Fiscal Decentralization and Local Government Finance
         Field Research on Tax Administration
     (Public Sector Policy)
         Economic Analysis of Public Investments
         Economic Analysis of Regulation and Public Enterprise
         Economic Analysis of Social Policy
         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
     (Joint Course)
         Public Policy in Asia

                                                                        The program from the university was deliberately intellectual
                                                                      and comprehensive. The JISPA alumni have become more well-
                                                                           rounded and could acquire hands-on policy-making skills.

12                                                                                                                         II. The Partnership Track
International University of Japan (IUJ)
     Master of Arts in Economics
     Macroeconomic Policy Program

     Required Courses                                                 Mathematics for Economics and Management
                                                                      Monetary Policy in Developoing Countries
     Microeconomics I: Price Theory
                                                                      Policy Evaluation
     Microeconomics II: Strategic Behavior and Information Analysis
                                                                      Public Finance and Budgeting
     Macroeconomics and Policy Analysis
                                                                      Research Methodology
     Macroeconomics I: Income Theory
                                                                      Time Series Analysis
     Macroeconomics II: Business Cycle and Growth Theory
     Statistical Methods                                              Other Elective Courses
     Macroeconomics and Policy Analysis
                                                                      Public Administration
                                                                      Public Human Resource Management
     Public Finance
                                                                      Public Finance and Budgeting
     Monetary Economics and Policy Analysis
                                                                      Managing Public Organizations
     International Trade
                                                                      Public Policy Process
     International Finance

     Electives: Recommended Courses                                   Note: Other courses offered by the Graduate School of International
                                                                      Management (GSIM) can also be counted toward degree.
     Business Presentation
     Contemporary Japanese Economy                                    English/Japanese Language Courses are not counted for the total
     Cost Benefit Analysis                                            number of required credits.
     Cross-Sectional and Panel Data Analysis
     Development Economics                                            Online syllabi are available at
     Development Policy and Globalization                             http://www.iuj.ac.jp/ir-info/
     Environmental and Health Economics
     Economics of Poverty and Inequality: Modeling and Forecasting
     Financial System and Financial Regulation
     Industrial Organization and Policy Analysis
     Intercations, Institutions, and Economic Development
     Investment and Asset Pricing
     Japanese Educational System and its Impact on Development          JISPA has been my stepping stone to achieving my
     Japanese Corporate Finance and Financial System                  better career. Through JISPA, I gained a network with
        and Its Impact on Development
     Japanese Public Finance and Administration and Its Impact         policymakers from different countries, which will be
        on Development                                                  useful not only for me but also for my organization.

13                                                                                                                  II. The Partnership Track
The University of Tokyo (UTokyo)
     Master of Public Policy
     Master of Public Policy, International Program (MPP/IP)
     Economic Policy, Finance and Development (EPFD)

     Completion requirements                     B. Econometrics for Public Policy             • Contemporary Chinese Diplomacy
                                                     (4 credits) and Practice Session for       • International Politics in East Asia
                                                     Econometrics for Public Policy             •	Conflict Prevention and Post Conflict
     MPP/IP requires two years of                    (1 credit)
     full-time study to earn 46 course credits                                                    Politics
     or more.                                    C. Econometrics I (2 credits)                 • Global Governance
                                                     and Econometrics II (2 credits)            •	New Dimensions of Security
                                                     offered by the Graduate School               in the Risk Age
     Economic Policy, Finance and                    of Economics
     Development (EPFD)                                                                         •	Transformation of Warfare
                                                                                                  and Technology
     I. COMPLETION OF BASIC ECONOMICS           II. COMPLETION OF LAW AND POLITICAL           • U.S. Diplomacy toward Asia
         (12-15 credits from                          SCIENCE (6 credits, including 2 credits   • Asia-Pacific Policy
         all the three groups 1 to 3)                 obtained for one of the compulsory
                                                      elective courses indicate with * below)
     1. A or B or C                                                                             Law courses:
     A. M
         icroeconomics for Public Policy        Public Management                              • Law and Public Policy
        (4 credits) and Practice Session for     courses including:
                                                                                                •	Public International Law and Domestic
        Microeconomics for Public Policy         • Politics and Public Policy*                    Implementation
        (1 credit)                               • Introduction to Public
     B. Microeconomics (4 credits) and             Management                                  III. COMPLETION OF CASE STUDIES
         Practice Session for Microeconomics     • Comparative Political Parties                      OFFERED BY GRASPP (8 credits)
         (1 credit)                                 and Elections
     C. Microeconomics I (2 credits)            • Policy Process and Negotiation               IV. COMPLETION OF COURSES TAUGHT
         and Microeconomics II (2 credits)       • Science, Technology and Public Policy             IN ENGLISH (28 credits out of 46,
         offered by the Graduate School          • Governance and Development                        double-countable)
         of Economics                            •	Comparative Analysis of Japanese
     2. A or B or C                                Economic Public-making Process               V. COMPLETION OF COURSES
     A. M
         acroeconomics for Public Policy        •	Boom, Bust, and Beyond: the Political           CATEGORIZED AS PRACTICAL TRAINING
        (4 credits) and Practice Session for       Economy of Development in East Asia              (4 credits out of 46, double-countable)
        Macroeconomics for Public Policy
        (1 credit)                               International Relations                        Additional requirement for IMF scholars:
                                                 courses including:                             Research paper or thesis credits are
     B. Macroeconomics (4 credits) and
                                                 •	Introduction to International Politics*     required for IMF scholars in the second
         Practice Session for Macroeconomics
                                                 • International Conflict Study*                year of study.
         (1 credit)
     C. Macroeconomics I (2 credits) and        •	Field Seminar in International
                                                   Relations*                                   Note: Courses are subject to change.
         Macroeconomics II (2 credits)
                                                 •	International Relations and Political       Complete graduation requirement
         offered by the Graduate School
                                                   Regimes                                      is available at:
         of Economics
                                                 • Security Studies                             http://www.pp.u-tokyo.ac.jp/en/
     3. A or B or C
                                                 • Modern Japanese Diplomacy                    education/master-course/
     A. S tatistical Methods (4 credits) and
                                                 • Insurgency and Counterinsurgency
        Practice Session for Statistical
        Methods (1 credit)                       • Contemporary Chinese Politics

14                                                                                                                      II. The Partnership Track
Skills to be Attained by Scholars
     Candidates are kindly requested to carefully review and study the “skills to be attained by scholars” proposed by each
     partnership university so that they can identify the university which best provides the skills and knowledge that they seek
     for their career progression and meet the needs of the target agencies. This also aims to assess scholars’ achievements at
     the time of their graduation to evaluate the effectiveness of the program as part of a results-based approach.

                                        GRIPS                                                        Hitotsubashi University

                                                                                 Knowledge of graduate-level economic theory. In particular,
         Scholars are expected to acquire a solid theoretical foundation in
                                                                                 the textbook used for microeconomics (Snyder & Nicholson),
         core economic subjects such as macroeconomics, microeconomics,
                                                                                 which contains fairly technical materials, is taught to APPP
         and econometrics.
                                                                                 students without skipping its math components.

                                                                                 Knowledge of econometrics, supplemented by an elective
         Scholars are expected to enhance their expertise in economic
                                                                                 course dedicated to time series analysis. All APPP students use
         topics of their interest such as monetary policy, financial markets,
                                                                                 econometrics, sometimes rather sophisticated techniques,
         economic development, and policy evaluation.
                                                                                 for their thesis.

                                                                                 Understanding of a broad range of policy issues and analyses,
         Scholars are expected to learn the experience of policy design in
                                                                                 taught by professors, in house as well as from outside, who are
         developed countries, particularly Japan, and in other developing
                                                                                 equipped with both an academic background and practical
         countries through practical and case-study courses.
                                                                                 policy experiences.

                                                                                 Skills to write a thesis paper (80-100 pages long) in English,
         Scholars are expected to acquire skills in econometric softwares        helped by academic advisors as well as a professor who specializes
         (Stata, Eviews), which is essential in conducting their own research.   in English thesis writing. Also, 7-8 term paper requirements from
                                                                                 elective courses and the Workshop on Current Topics.

         Scholars are expected to learn how to write academic papers,
         which includes understanding the issue of plagiarism, rules for         Ability to do a presentation in English through seminar classes,
         citation, and the basic structure of thesis/policy paper, and how       many of elective courses, and the oral defense of the thesis (10-15
         to orally present their results, which includes conveying main ideas    times of presentations altogether for each student during the two
         clearly and concisely, creating appropriate slides, and interacting     years of enrollment).
         with the audience in a professional fashion.

15                                                                                                                                      II. The Partnership Track
International University of Japan                                                The University of Tokyo

                                                                              Problem finding and solving: Students are expected to acquire
                                                                              up-to-date analytical skills to find and solve macro and financial
     The JISPA scholar is expected to equipped with quantitative skills
                                                                              economic issues in their countries. The program offers rigorous
     of macroeconomic forecast and analysis. These skills allow them
                                                                              training on economic theories and empirical techniques by the
     to conduct rigorous empirical research and to be familiar with
                                                                              frontier academic researchers. The real world experiences are shared
     computational/statistical tools, such as Stata Eviews and R packages.1
                                                                              by the top practitioners in international organizations, central banks,
                                                                              government offices, development banks, and so forth.

                                                                              Global perspective: Students are expected to gain a global
     The JISPA scholar is expected to acquire the ability of analyzing        perspective. Both lecture-style classes and case study classes cover
     fiscal and monetary policy effects based on cutting-edge theoretical     issues faced by various countries and international organizations.
     models and accompanied by simulation approach (Dynare on                 Class discussions are often lively with fellow students of various
     Matlab or Fortran programming).2                                         backgrounds, who contribute to class discussions by presenting
                                                                              their own experiences in their home countries.

     The JISPA scholar is expected to gain the competency of crisis           Communication skills: Students are expected to polish up their
     management. This potential is developed by their involvement             presentation and discussion skills, which enhance their influence
     and participation in various seminars and workshops, and also the        on policy debates. The program offers many case study courses,
     experience sharing from Japanese Business Sector (Mizuho Bank            which often require students to present their findings and views
     and Morgan Stanley) and high-ranking officials from Bank of Japan        in front of the class and to discuss openly and critically among
     (BOJ) and the IMF. 3
                                                                              themselves. The faculty members guide students to become
                                                                              effective communicators. Moreover, through writing a master
                                                                              thesis or a research paper, students enhance their writing skills
                                                                              to construct documents professionally.

     The JISPA scholar is expected to receive the ability of (academic)
     English writing and presentation skills. This ability allows them        The training is provided in the classes of “Econometrics”, “Time

     be capable of writing research reports, or other forms of policy         Series Analysis”, and “Cross-Sectional and Panel Data Analysis”.
     recommendations in a logical, clear, elegant way.4
                                                                                  The training is provided in the classes of “Monetary Theory and
                                                                              Policy Analysis”, “Public Finance”, “Macroeconomics and Policy
                                                                              Analysis”, and “Computable General Equilibrium Modeling”.

                                                                                  The training is provided in the classes of “Global Market
                                                                              Seminar Mizuho Financial Group”, “Macroeconomic Analysis
     The JISPA scholar is expected to learn teamwork and to build up          and Policy Formulation”, “Financial Markets and Globalization”,
     leadership due to the valuable feature of our environment: they          and the internship opportunities in BOJ and Ministry of
     interact with other scholars from similar government organizations       Finance Japan.
     closely in living, studying, and working. This strong bonding will be
     the invaluable assets for their future career.                           These skills are developed through thesis writing, and class

                                                                              presentation. English classes are also available in enhancing
                                                                              students’ learning.

16                                                                                                                                   II. The Partnership Track
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