Graduate School of Economics Osaka University AN INVITATION TO GRADUATE PROGRAMS IN ECONOMICS AND BUSINESS

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1 Graduate School of Economics Osaka University AN INVITATION TO GRADUATE PROGRAMS IN ECONOMICS AND BUSINESS

2 Economics and Contents Tradition of Excellence 2 Before Choosing Your Graduate School 4 Characteristics of thegraduateschool of Economics, Osaka University 5 1 World Leading Research Organization Top-Flight Faculty and Active Education / Research Activities 6 Rich Internationalized Campus 7 Open Campus to Society 7 Attractive Education with Comprehensive Programs 8 Global COE Program Graduate School Education Support and Improvement Program 9 Majors and Courses in the Graduate School of Economics 10 1 Basic Principles and Majors Offered Majors and Research Areas 13 Majors and Degrees Quota of Admitted Students 13 Educational and Research Environments in Our Graduate School 14 1 Well-Structured Education and Small Classes Diversity and Quality of Graduate Students 15 Study Abroad Program 16 Research Facilities 17 Computer Services Scholarships 18 Degree Awards and Career Options for Graduates 19 1 Process Required for Degrees 19 2 Career Options for Graduates 20

3 Thank you for your interest in the Graduate School of Economics, Osaka University The Graduate School of Economics educates two types of graduate students, gaining highly valuable achievements. One type consists of graduate students hoping to become scholars. A number of people who have studied at the Graduate School of Economics can be found among those who play a leading role in the academic fi elds of economics and management and business. Currently, our graduates are working actively as researchers at universities across Japan, including Osaka University, The University of Tokyo, Kyoto University, Hitotsubashi University, Kobe University, Waseda University, Keio University, as well as universities overseas. The other type consists of graduate students aspiring to become highly skilled professionals in both economics and management and business and to work for international organizations, public offi ce, think tanks, or private enterprises. Our graduates, whether they are scholars or highly skilled professionals, enjoy high recognition in society. There are reasons for this recognition. First is the quality of our teaching staff. The faculty members have always achieved at the top level and published articles in world-class academic magazines. One such achievement is our collaboration with the University of Pennsylvania to edit the International Economic Review, a renowned academic journal. Second, our school features a systematic curriculum that allows students to be effi ciently placed at the forefront of the academic world. No other graduate schools in Japan, if we might say, can provide a systematic curriculum like ours. Third is the excellent environment for education and research: In our graduate school, seminars are held periodically, inviting leading researchers including foreign speakers and our students actively engage in activities with them. Workshops in various disciplines and fi elds, such as macroeconomics, fi nance, management and business, and economic history, are also organized mainly by our faculty. In 2004, the Management of Technology (MOT) Course was established as part of a collaboration Kenzo Abe Dean of Graduate School of Economics of Osaka University Dean of Undergraduate School of Economics of Osaka University program with the Graduate School of Engineering of our university. In April 2006, the Center for the Study of Finance and Insurance was established in collaboration with the Graduate School of Engineering Science, Graduate School of Science, and Graduate School of Information Science and Technology in order to develop education and research in those fi elds. Such educational programs that integrate the humanities and science in the monetary and fi nancial fi elds are arguably the fi rst such attempt in Japan. Moreover, in April 2008, the Global Management Course was launched. The Behavioral and Macro-dynamics Based on Surveys and Experiments program, one of the projects of the 21st Century Center of Excellence (COE) Program sponsored by the Japanese government to establish core centers for education and research, has achieved very remarkable results in fi ve years. In addition, the Global COE Program (Human Behavior and Dynamics of Social Economy) was also started in cooperation with the Institute of Social and Economic Research in In 2008, the Major of Management and (MOT Course) of the Graduate School of Economics started a program called Innovation Leader Training Program aiming at the advancement of industrial cluster in cooperation with the Management of Industry and Technology of the Graduate School of Engineering as well as Kinki University s Interdisciplinary Graduate School of Science and Engineering. In these programs, we have the teaching assistant (TA) and the research assistant (RA) systems, for which graduate students receive remuneration as fi nancial support. I hope you will read through this brochure and our webpages and acknowledge that our graduate program offers educational and research opportunities for world-class excellence. We, the faculty members at the Graduate School of Economics, welcome all students who aspire to play an active role in the fi elds of economics, policy, and management and business on a global scale. G r a d u a t e S c h o o l o f E c o n o m i c s 1

4 Economics and 1 Tradition of Excellence 2 O s a k a U n i v e r s i t y The Graduate School of Economics at Osaka University is one of arguably the best graduate schools in the fi eld of economics and management and business in Japan today. Currently, the school has nearly 50 faculty members, who are leading economists and business scholars in the world. Osaka University, which was founded as the Imperial University of Osaka in 1931, set up its fi rst educational and research organization of economics in 1948 (which initially began as the Department of Economics within the School of Laws and Letters, and later became the School of Economics in 1953). Since its establishment, the School of Economics has had a strong commitment to human resources; with the school s basic principles of hiring, we have made aggressive efforts in recruiting faculty with distinguished credentials. We care about the quality of faculty so much that we do our best to minimize the impact of academic cliques that sometimes exist in the world of academic professionals. Because we need the best of the best to compete with our counterparts around the world, we spare no efforts to assist our faculty in growing further as top-notch scholars. Since the foundation of the school, we have always followed such spirits and principles about human resources, and because of that, we now enjoy what is today one of the leading educational and research universities in Japan and the world. As stated later, with a very strict performance-based assessment for our entire faculty, we proudly present a lineup of renowned scholars that anyone in academic fi elds would envy. It is already apparent that such an outstanding faculty gets us ahead in competition. Looking back, our faculty was always keenly aware of the need to build modern economic theories in the midst of postwar confusion. Under such circumstances, in 1954, we founded a research institute called the Laboratory of Social and Economic Research and attached it to the School of Economics after the latter became an independent entity. In 1966, the research institute developed a wide variety of activities and became the current Institute of Social and Economic Research. This institute has since boasted a brilliant record of achievements as a

5 research organization with focus on research and graduate school education. The Graduate School of Economics and the Institute of Social and Economic Research work side by side, yet each with distinctive strengths, to run our graduate program. In 1994, the Osaka School of International Public Policy was established as an independent graduate school. The school s goal is to further develop research and education in the fi elds of law and politics by removing the conventional and narrow research boundaries that preclude active interdisciplinary engagements of research. Our students can earn up to 10 credits at this school with the courses offered by its faculty. Although it is true that we owe our current status to the current faculty and graduate students, we do not deny that today s success would not have been possible without the incredible academic achievements and contributions of our predecessors. Many of our predecessors who learned, researched, and taught in our school are world-renowned scholars, including Michio Morishima (recipient of the Order of Culture, Chairman and Fellow of the Econometric Society), Takuma Yasui (recipient of the Order of Culture, Chairman of the Association of Economics and Econometric Society), Yasuma Takata (Cultural Contributor), Mataji Miyamoto (Member of the Japan Academy, laureate of the Imperial Award of the Japan Academy, Cultural Contributor, Chairman of the History Society of Japan), Hisao Kumagai (Member of the Japan Academy, Chairman of the Japanese Economic Association), Fukukane Nikaido (Fellow of the Econometric Society, Chairman of the Japanese Economic Association), Michio Hatanaka (Fellow of the Econometric Society, Chairman of the Japanese Economic Association), Ken-ichi Inada (Fellow of the Econometric Society, Chairman of the Japanese Economic Association), Masahiro Tatemoto (Chairman of the Japanese Economic Association), Yoichi Shinkai (Cultural Contributor, Chairman of the Japanese Economic Association), and Chikashi Moriguchi (Fellow of the Econometric Society, Chairman of the Japanese Economic Association). Our graduate school also enjoys high commendation from overseas institutions, mainly owing to our faculty members, who are actively involved in leading research projects with overseas scholars and research organizations. Our faculty members get invited by overseas universities and travel extensively to attend conferences held overseas to present their latest research outcomes and achievements. Also, it should be noted that our graduate school invites a number of overseas researchers in the hope that our students can benefi t from engaging with those guests. Some of the overseas guests who have come to our school include renowned economists and Nobel Prize laureates such as J. Robinson, A. H. Hansen, F. Machlup, L. R. Klein, R. F. Harrod, M. Friedman, J. R. Hicks, and A. Sen. Today, we enjoy witnessing our tradition of academic excellence being passed on to our proud faculty and graduate students. G r a d u a t e S c h o o l o f E c o n o m i c s 3

6 Economics and 2 Before Choosing Your Graduate School 4 O s a k a U n i v e r s i t y It is critical to suffi ciently recognize the characteristics of an education offered by the graduate school of your choice. Unlike the general education imparted in an undergraduate program, the objectives of a graduate school lie in the sharing of the most advanced knowledge with learners, the training of researchers who will search for unknown truths, and the nurturing of highly skilled professionals. It is thus indispensable to learn directly from scholars who are engaged in research at the forefront of their respective academic fi elds. Moreover, it is imperative that you choose a school where a number of leading scholars in their respective fi elds are gathered, because the disciplines of economics and management and business do not specialize in narrow fi elds. It is also important that you go to a school that has researchers in their 20s to 40s, considered the most productive age. A degree you will obtain from a graduate school will help you succeed in the real world. As such, it is extremely important for you to see schools carefully and decide whether the degrees they offer will be relevant in future. Domestic recognition of a university is not enough; whether a university of your choice is highly valued internationally is important as well. If your choice is based solely on name recognition in Japan, you may regret it in the future. International assessments of the quality of graduate schools and faculty will address the following: (1) how many papers have been published in internationally recognized academic journals; (2) how many faculty members work as directors or members of editorial boards in academic societies; and (3) how actively the faculty engages in academic exchanges with excellent scholars and research organizations around the world. However, no matter how remarkable one s research background is, quality alone cannot train human resources for the future without efforts of hands-on education and leadership with young students in a graduate school. For training of scholars and skilled professionals, class size, ideally, should not be too big or too small. Our Graduate Program offers well-structured curricula along with suitably small classes where one-on-one teaching is offered. It is our hope that when you enter a workplace after our master s or doctoral programs, all the abilities you acquired through training will help you succeed as a productive member of society.

7 1 3 Characteristics of thegraduateschool of Economics, Osaka University World Leading Research Organization The primary characteristics of our graduate school lie in our strong determination to continue to excel as a world s leading research organization with great achievements. When the graduate school was founded, Marxian Economics was the predominant force in Japan. The scholars who founded the school quickly recognized the need for modern economics as orthodox economics in the world and started to embark in that direction. Since then, the commitment has been strongly pursued, and as a result, our graduate school was soon called the Mecca of modern economics. Today, our school enjoys the fame of a world-class research organization that leads the development of modern economics. The history of our management program also goes a long way back. Since its beginning, it has been spearheading the fi eld of management science with the most advanced analytical and mathematical techniques to date. In regard to history studies, our school enjoys some detachment from scholarly dogma, adhering to our fi rm belief in empirically-based historical science, which underlines documental proofs and scientifi c analyses, and thus has achieved scores of unique academic results. Such beliefs and efforts eventually earned us the name Osaka School of Thought, which still being used in the mainstream in the relevant academics. G r a d u a t e S c h o o l o f E c o n o m i c s 5 Fig.1 University Participation in the Annual Conferences of the Japanese Economic Association ( ) Total times Osaka University Hitotsubashi University University of Tokyo Kobe University Keio University Kyoto University Waseda University University of Tsukuba Yokohama National University Nagoya University Paper Presenter Discussant Chairperson

8 Economics and Fig.2 Total Number of Accepted Papers (by University) Number of Accepted Papers Osaka University University of Tokyo Kyoto University Kobe University Hitotsubashi University Keio University University of Tsukuba Nagoya City University Yokohama National University Tezukayama University O s a k a U n i v e r s i t y 2 Top-Flight Faculty and Active Education/Research Activities An important characteristic of our program, as mentioned earlier, is the effort we have continually made to actively recruit outstanding human resources in the teaching staff in order to maintain a high level of research and education. Although personnel matters in universities in Japan are said to have a closed nature, this is not the case with our school. We have always pursued the policies of prioritizing performances and achievements and hiring aggressively, without any academic clique, people who are dedicated passionately to research and education with the spirit of freedom and enterprise. Incidentally, the percentage of faculty members in the Graduate School of Economics who used to be undergraduate students at Osaka University is 29% (according to the Self-Inspection and Evaluation Report ). We believe that this type of faculty recruitment system will foster both reasonable tension among diverse teaching staff and mutual stimulus in research, and promote active research and educational activities. Fig.1 shows the number of times the faculty of each university participated as paper presenters, chairpersons, and discussants, for 10 years, from 1999 through 2008, in the conferences held by the Japanese Economic Association, one of the most infl uential academies in the fi eld of economic theories and policies. The Japanese Economic Review, the offi cial publication of the Japanese Economic Association, has a reputation of a very strict referee system, and publishing a research paper in this journal is considered to be a world-class academic achievement. With that said, Fig.2 shows the total number of papers published by that journal and how each university (both faculty and graduate students) has contributed to it for 19 years from 1990 through If we take into account the fact that the number of faculty posts in the fi eld of economics at Osaka University is relatively small, these data demonstrate very active research activities of each faculty member, and this comprises only a small portion of their notable achievements. Please refer to the list of faculty members at the graduate school on our Website.

9 3 Rich Internationalized Campus Our school aims to internationalize our campus. Over the years, we have made a wide range of continued efforts such as inviting world-class scholars, recruiting overseas teachers, encouraging the faculty to study abroad and attend international trainings or seminars, holding international conferences, promoting exchange programs with overseas universities, accepting overseas students, promoting study abroad for students in our graduate program, and offering classes taught in foreign languages. All these efforts refl ect our aspiration to take initiative in opening our school to the world. As a result, our graduate school today plays a large role in being not only a receiver of international information but also a sender of such information. The Institute of Social and Economic Research, which is an integral part of education in the Graduate School of Economics, does editing for the International Economic Review, the most leading academic journal in the world, in collaboration with the University of Pennsylvania, and as a result, our university is well known in the world of economics. No other universities in Japan take part in editing for this world-class economic journal. Many of our faculty members serve on the editorial board of the world s leading academic journals, and quite a few conduct collaborative studies with researchers around the world. The faculty has held a wide variety of international academic conferences with leading researchers from schools such as Princeton University, the University of Pennsylvania, the University of Chicago, Columbia University, the University of California, the University of British Columbia, Yale University, and the University of London. Today, it is not very rare for Japanese universities to employ non-japanese faculty, and we are proud to mention that eight of our non-japanese faculty members, who have ever taught at the graduate school, have teaching experiences at prestigious colleges and universities in their home countries. They are all well versed in Japan and are internationally recognized economists. The fact that we have had such outstanding scholars at our graduate school in and of itself validates our commitment to and status of excellence in the academic world. 4 Open Campus to Society Another notable characteristic of our graduate school lies in valuing highly its academic culture to work unfl inchingly on diffi cult issues facing society today, which we believe refl ects the character of Osaka that appreciates practical learning. A university is a place in which truth is pursued coldly and objectively, but since studies of economics and management science deal with human society, we must not detach ourselves from reality. All of our faculty members are very interested in things happening in society. Apart from applying fi ndings to research and education, they make academic contributions to problemsolving through planning policies and proposals. To date, some of our faculty members have made tangible contributions, for example, to the aspects closely related to people s lives such as the fi eld of taxation and fi nancial systems, while working G r a d u a t e S c h o o l o f E c o n o m i c s 7

10 Economics and 8 O s a k a U n i v e r s i t y as committee members of governmental commissions or as advisors or researchers at both public and private research institutes. 5 Attractive Education with Comprehensive Programs The fact that our graduate school is located within Osaka University gives its program a great advantage. In the United States and Europe, it is common knowledge that graduate education takes place at schools called research universities. Osaka University, which consists of 11 schools, 16 graduate schools, 5 research institutes, and 24 educational and research facilities (as of October 2010), is now one of the most highly regarded research universities in Japan. Osaka University is also renowned in the world for its disciplines of medicine, dentistry, science, and engineering. Currently, in addition to more than 16,000 undergraduate students, over 8,000 graduate students study at Osaka University. In 2006, the Center for the Study of Finance and Insurance was established to provide graduate students aiming to do research in the fi eld of fi nance and insurance in the most advanced and interdisciplinary education and research environment. Osaka University, as a leading research university, is not only equipped fully with libraries, computer facilities, and facilities related to welfare and health management but also features an academic culture as a community of scholars who pursue the truth in all fi elds. Osaka University is actively engaged in exchanges with universities and research organizations abroad. Our Graduate School of Economics has exchange programs under the Study Abroad Program (as mentioned on page 16), and academic exchange agreements with 6 universities abroad, while Osaka University has more than 100 partner schools worldwide. About 1,000 overseas students from more than 50 countries study at our campuses, while the number of overseas scholars who are engaged in both long-term and short-term research exceeded 1,500 in Precisely because we are committed to education by accepting many overseas students and graduating capable scholars, we are confi dent that our education will help our students to excel not only in Japan but also elsewhere in the world. 6 Global COE Program The Global COE (Center of Excellence) program was established by the Ministry of Education, Culture, Sports, Science and Technology and the Japan Society for the Promotion of Science in order to promote the universities of the highest world standard by providing focused support coupled with high human resource training functions with any education and research centers of colleges and universities that perform world-class research (Prof. Noyori, Chairman of the Global COE Program Committee). The Graduate School of Economics and the Institute of Social and Economic Research, with help from the Osaka School of International Public Policy, the Graduate School of Human Sciences, the Graduate School of Frontier Biosciences, and the Institute of Economic Research at Kyoto University, proposed a program titled Human

11 Behavior and Socioeconomic Dynamics, which was accepted in June The number of centers adopted as Global COE programs in the social sciences areas totaled 14 across Japan, with a total of 5 in economics. From 2003 to 2007, our graduate school, in cooperation with the Institute of Social and Economic Research, achieved good results in the formation of the research center for behavioral economics by using new methods such as questionnaire surveys and economic experiments in the program adopted by the former 21st Century COE program, which is the predecessor to the Global COE. Between now and 2012, we plan to dramatically develop these results in the Global COE program and promote international cooperation research to develop transdisciplinary research with researchers of natural science, including neuroeconomics. 7 Graduate School Education Support and Improvement Program The Graduate School Education Support and Improvement Program was set up in 2007 by the Ministry of Education, Culture, Sports, Science and Technology in order to improve overall graduate school education with Doctoral and Master's Programs in Japan that will help educate and train more human resources capable of serving extensively in diversifi ed fi elds of society. By providing intensive support for their excellent, organized and systematic educational programs, graduate school education will become an integral part of a contributive entity of society with practical applications of academic achievements to society and culture (the Graduate School Education Support and Improvement Program Committee). The major of Management and in the Graduate School of Economics (MOT Course) proposed a program titled Innovation Leader Training Program Aiming at the Advancement of Industrial Cluster in collaboration with the major of Management of Industry and Technology at the Graduate School of Engineering, Osaka University, and the Graduate School of Science of Kinki University, and the proposal was adopted in September The characteristics of such an educational program will enable (1) the training of diversifi ed and practical human resources for technical administration to meet the need of local industry by the cooperation of the two universities situated in the north and south within the same industrial cluster; (2) the attainment of a diversifi ed learning method by using systems such as special student and credit transfer (mutual recognition of credits) ; (3) the preparation of the educational environment to teach basic subjects with e-learning, eliminating the bother of time restriction; and (4) the fostering of diversifi ed and practical human resources through virtual experience by creating business plans or case studies in a learning team for some living technical seeds that can be brought in by the business community as research tasks for developmental application in the future. G r a d u a t e S c h o o l o f E c o n o m i c s 9

12 Economics and 4 Majors and Courses in the Graduate School of Economics 10 O s a k a U n i v e r s i t y 1 Basic Principles and Majors Offered Our graduate school is one of the core centers for economics research and training of researchers and has achieved outstanding achievements as a researcher s training institute in the respective fi elds of modern economics, management and business, economic history, and business history since its foundation. You can fi nd this fact in the Outsider Report on Osaka University (May 2000), where the university is highly valued from outside scholars. In concrete, our graduate school is playing a leading role in Japan in pursuance of a drastic policy of merit system, which is based on the number of contributions to academic journals; a high consideration toward international contributions as found in the editing efforts of the International Economic Review by the Institute of Social and Economic Research; research on advanced theory and proposals based on such research results; explanations to the public of the role played by economics; and other factors. The primary principle of the Graduate School of Economics lies in the succession and development of such excellent tradition as above. Second, we respond quickly to social needs and aim to foster highly skilled professionals as part of such efforts. Third, we follow the principle of contributing to society by acting in response to economic and social changes in a close collaboration and association with industry and society. From the above points of view, our graduate school places high emphasis on the following three things: (1) Fostering researchers who will be internationally acknowledged; (2) Fostering professionals who will possess highly expert knowledge; and (3) Fostering human resources who will be able to contribute to the formulation of policy based on academic knowledge as well as on highly formed opinions in industrial circles through association and collaboration between industry and government. Our graduate school has three majors in order to achieve the above objectives, and the major related to the Master s Program in management and business is divided by course:

13 Major of Economics Major of Policy Studies Major of Management and Management Research Course MOT Course Course Global Management Course The Major of Economics mainly aims to foster excellent researchers in economics. Our Graduate School of Economics has hitherto produced many talents, a tradition that has continued. In the Major of Economics, the credit acquisition of basic subjects such as macroeconomics, microeconomics, and econometrics is more strictly screened. After the screening, an outstanding master thesis will allow you to advance to the Doctoral Program. According to the statistics available, half of the enrolled students stop at this point. Another characteristic of the Major of Economics is that it is the bastion of economic history and business history in Japan and has produced a number of researchers. In economic history and business history, a screening system based on basic subjects of independent nature is used. The Major of Policy Studies mainly aims to foster human resources based on highly professional knowledge, the need for which is increasing by the day in response to changes in the social and economic environment in the world and the need to develop the ability to conduct analyses of economic society with the most advanced tools in economics. Thus, it is fundamentally important that students complete the courses in the Master s Program. Many of our graduates of the Master s Program fi nd jobs in private enterprises, governmental offi ces, and international organizations, and are valued as highly skilled professionals. However, the Major of Policy Studies, different from specialist graduate schools at other universities, has its Doctoral Program, and students, who have enrolled in this program in order to become highly skilled specialists, can change careers by becoming a researcher or advance to the Doctoral Program if an outstanding master thesis is provided. Thus, the Major of Policy Studies allows you to choose between fi nding a job after the Master s Program and advancing to the Doctoral Program as a researcher. The Management Research Course in the Major of Management and has the main objective of fostering outstanding researchers of management and business. Students are screened in Research Seminar 1 4 for the duration of 2 years and are allowed to advance to the Doctoral Program if an outstanding master thesis is provided. The MOT course in the Major of Management and in cooperation with the Graduate School of Engineering mainly aims to foster human resources excellence in technical management. The benefi ts of this course include the fact that it allows you to obtain two master s degrees Master of Engineering and Master of Management in three years. That is, you will obtain one of these degrees in the fi rst two years and acquire the other degree in the last year. The MOT course, through a synergy of engineering and management, aims to foster managers who know technology and also engineers who know management. Nowadays, MOT is the course that attracts most attention. G r a d u a t e S c h o o l o f E c o n o m i c s 11

14 Economics and 12 O s a k a U n i v e r s i t y The Course in the Major of Management and has the main objective of fostering professionals equipped with a high degree of knowledge required in the business fi eld. Thus, it is fundamentally important that students complete the course in the Master s Program. The Course in the Major of Management and, different from specialist graduate schools at other universities, has a Doctoral Program. Students who have enrolled in the Course to become highly skilled professionals can change careers by becoming researchers or advance to the Doctoral Program if an outstanding master thesis is provided. Thus, the Course, in the same way as the Major of Policy Studies, allows you to choose your future between fi nding a job after the Master s Program and advancing to the Doctoral Program as a researcher. In 2008, we started a new area of research in the Major of Management and : the Global Management Course, which aims to raise capable individuals who have a thorough grounding in global perspectives and strong management skills to manage urban and regional developments as well as technological advancement. Students who have completed this area of research will enjoy the same diverse career options as the ones offered in the Course. The Global Management Course primarily focuses on management education and technological development needed particularly for emerging markets in Asia, learning about its languages, regions, cultures, and economy.

15 2 Majors and Research Areas The following table shows the areas of research that our graduate school provides in giving basic and practical education in response to social needs. Major Major of Economics Major of Policy Studies Major of Management and Areas of Research Microeconomics, Macroeconomics, Econometrics, Behavioral Economics, Economic History, History, Fiscal Policies, Finance, Labor Economics, International Trade, International Finance, History of Economic Doctrine, Economic Thought, etc. Public Economics, Econometric Modeling, Public Finance Policy, Local Public Finance, Monetary Policy, Labor Market, Medical Economics, Law and Economics, Environmental Economics, Urban and Regional Economics, Economic History, History, etc. Management Research Course MOT Course Course Global Managemen Course Operations Research, Decision Science, Strategy, Finance, Financial Engineering, Management Control, Marketing, Statistics, Information System, etc. Marketing, Knowledge and Information Management, Intellectual Property Management, Human Resource Management, Technological Knowledge Management, etc. Accounting, Marketing, Organizational Management and Strategy, Enterprise System, Financial Engineering, Finance and Asset Management Analysis, History of Enterprisers and Managers, etc. Innovation Management, Strategy Creation, Asian Urban Development, Integration of Local Economy, Chinese Corporate Management, Project Management, Trade Policy and Environment, Management Communication, English, etc. G r a d u a t e S c h o o l o f E c o n o m i c s 13 3 Majors and Degrees The following degrees will be awarded upon completion of each major and course. Major of Economics Major of Policy Studies Major of Management and Master s Program Doctoral Program Master s Program Doctoral Program Master s Program Doctoral Program Master (Economics) Doctor (Economics) Master (Applied Economics) Doctor (Applied Economics) Master (Management) or Master (Economics) Doctor (Management) or Master (Economics) 4 Quota of Admitted Students The quota of each respective major in the Master s and Doctoral Programs is shown in Application Guidelines on our Website, with the characteristics marked initially.

16 Economics and 5 Educational and Research Environments in Our Graduate School 14 O s a k a U n i v e r s i t y 1 Well-Structured Education and Small Classes The most remarkable feature of the education given in our graduate school lies in a well-structured course curriculum, which is quite rare in graduate schools in Japan. Macroeconomics, microeconomics, and econometrics are compulsory for students in the Major of Economics who take its theories and relevant policies as their specialty so that they can learn basic analytical tools that will enable them to conduct their research in respective areas of expertise as economists. When choosing economic history or business history, history-related core subjects with rich contents are separately prepared. The Major of Management and consists of four courses: Management Research, Management of Technology (MOT),, and Global Management. Not only does the program foster researchers with the most advanced research achievements in the research fi elds of management and business science, accounting, theory of management and business, and management of technology, which include subjects such as business organization, business strategy, operations research, marketing, business statistics and data science, management information systems, fi nance, fi nancial engineering, fi nancial accounting, management accounting, venture, project management, and intellectual property management, but it also provides education to prepare highly skilled professionals who will work in corporate planning or research divisions in the world of business. The Major of Policy Studies mainly aims to foster highly skilled professionals who will play important roles as economists in institutions in charge of political planning, think tanks, and so on, and to provide education that cultivates an ability to conduct an analysis of economic society on the basis of the most advanced research achievements in public fi nance policy, monetary policy, public economics, international economics, labor economics, environmental economics, and econometrics. Moreover, in 2005, our program called

17 Educational Reform to Foster Well Defi ned Young Researchers was adopted in the Initiative for Attractive Education in Graduate Schools, which is a support program to enhance education and research activities. The program has enormously contributed to the production of human resources who will be able to respond to forefront research in wide areas that target global standardization in the education of economics in graduate schools. A tutor is assigned to each graduate student to conduct personal guidance ranging from counseling over school performance in general to paper preparation guidance in every major. When a tutor judges that a thesis meets a certain academic level, the graduate student is entitled to publish his or her thesis in the Osaka University Economics. In this sense, our graduate students have more opportunities to publish their own theses than do students of other graduate schools. In addition to lectures, seminars are frequently held in each respective fi eld. At the seminars, besides faculty and graduate students from our school, other leading scholars from home as well as abroad also make presentations on the results of their research. Moreover, you can take part in seminars that are periodically held in the Institute of Social and Economic Research and have direct contact with forefront studies conducted by scholars not only from home but also overseas. In our graduate school, through classes, seminars, individual research guidance, or workshops organized by a small group of graduate students, students can become personally acquainted with many teaching staff members and receive rather detailed guidance offi cially or unoffi cially. Many rooms for research and seminars exclusively reserved for graduate students are also available. This is a very important point, because it not only means that facilities are available for study and research but that places are also provided in the hope that, through open discussions, graduate students can inspire one another. In the preparation of a master s or doctoral thesis, what actually triggers valuable ideas and fl ashes of insight is often free discussions among graduate students. We are confi dent that both the trust and the friendship being fostered in the meantime will never be lost, even if students career paths are different in the future. 2 Diversity and Quality of Graduate Students Our graduate school has accepted outstanding graduate students from many universities (graduates), from diverse countries (graduate students of foreign nationalities), and from diversifi ed organizations and private companies (working graduate students). In addition to our own university, a broad range of main universities across Japan, such as Kyoto University, Kobe University, University of Tsukuba, The University of Tokyo, Tohoku University, Nagoya University, Hitotsubashi University, Hiroshima University, Hokkaido University, Yokohama National University, Tokyo Metropolitan University, Nagoya City University, Aoyama Gakuin University, Kansai University, Kwansei Gakuin University, Kyoto Sangyo University, Keio University, International Christian University, Chuo University, Doshisha University, Ritsumeikan University, and Waseda University, G r a d u a t e S c h o o l o f E c o n o m i c s 15

18 Economics and 16 O s a k a U n i v e r s i t y are included in the list of universities from which graduate students have come to enroll in our graduate school in the past few years. As far as overseas graduate students are concerned, we normally have several overseas students from countries, such as the United States, Australia, China, the UK, France, Italy, Hungary, Israel, South Korea, Malaysia, Thailand, Indonesia, Tunisia, Vietnam, Mexico, Brazil and other countries, enrolled in our graduate school. We have actively opened our doors to working adults who have had a few years of business experience after graduation from university by establishing the Master s Program for the education of working adults (daytime) in the Major of Management and at our graduate school in Since the importance of the education of working adults and lifelong education, however, only increases in times of uncertainty, in addition to a strong request from industry, we established the Major of Policy Studies and targeting mainly working adults in 2002 in order to further enhance their education, which we reorganized into the Major of Policy Studies in 2005, and we have been more active in accepting working adults ever since. Thus, in our graduate school, opportunities are provided to allow graduate students with diverse backgrounds, including graduates from universities, overseas students, and working students, to learn together and mutually enlighten one another, making such experience more signifi cant as a result. The graduate students who have completed our courses through friendly competitions are highly valued in academia as well and are playing a leading role in universities including Osaka University, Kyoto University, Kobe University, Shiga University, The University of Tokyo, Nagoya University, Hitotsubashi University, Hiroshima University, Hokkaido University, Yokohama National University, Wakayama University, Osaka City University, Osaka Prefecture University, Nagoya City University, Otemon Gakuin University, Gakushuin University, Kansai University, Sophia University, Seikei University, Setsunan University, Tezukayama University, Tokai University, Doshisha University, Nihon University, Ritsumeikan University, and many other leading universities overseas. 3 Study Abroad Program Internationalization is a word we hear a lot these days. There are not so many fi elds where internationalization is as advanced as in the academic world. It is indispensable to be fl uent in English to be able to write a paper in that language, as well as to exchange information with scholars overseas who are engaged in the same fi eld of specialty, in order to become a leading scholar in the fi eld of economics and management and business. Because of this, there are many people who want to study abroad. However, it is not easy for many Japanese students to exercise the option to study abroad, due to reasons such as selection methods that prioritize both English fl u- ency and school records among universities and considerable expense associated with studying abroad. Our graduate school offers the students the study-abroad program to enable them to study at leading universities overseas while maintaining student status in our graduate school. By using

19 this program, our students study at any of our topranked partner schools, such as the University of California (Berkeley, Los Angles, San Diego, etc.), Johns Hopkins University, the University of Maryland, and the University of Washington in the United States; Australian National University and the University of Melbourne in Australia; the University of British Columbia in Canada; Xi an Jiaotong University and Shanghai Jiao Tong University in China; London University in the UK; Ecole Supérieure de Commerce Paris in France; the University of Groningen in the Netherlands; Pusan National University in South Korea; and Chulalongkorn University in Thailand. 4 Research Facilities Osaka University the representative research university in Japan boasts one of the leading libraries with 3.25 million books. Specialized books concerned with social sciences are easily available, allowing students to read books ranging from technical documents for researchers to general educational books. The Library of the Graduate School of Economics owns more than 200,000 printed matters including major journals related to economics, management and business, government publications both inside and outside Japan, a wide variety of statistical data, OECD publications, and publications of private business groups, among others. Moreover, working papers of National Bureau of Economic Research (NBER), in which the most recent research achievements by the world s leading economists are published, are also stored. EconLIT, a comprehensive index of journal articles, books, book reviews, collective volume articles, working papers, and economic dissertations, is also available as a main database, while fi nancial statements in web version and online journals, among others, are also available. The library of the Institute of Social and Economic Research is also satisfactorily staffed with working papers of NBER and a number of discussion papers from overseas universities in addition to more than 40,000 books and journals. Our graduate students are entitled to freely use these facilities. As evidence that we have been focused on empirical historiography, our graduate school prides itself on the collection of historical materials. In its library, there are several tens of thousands of top-grade historical materials such as documents of the family of Konoike Zen-emon, the most powerful merchant in the Edo era; documents of Onogumi, which was as wealthy as Mitsui at the end of the Edo era and the beginning of the Meiji period; documents of the family of Tomiko, a powerful money exchanger in Osaka; registers of real estate and census registers including account ledgers in Osaka in the Edo era; documents related to farming villages in Kawachi and Banshu, among other documents; as well as vast amounts of microfi lm materials that have been recorded in various locations. As far as modern economic history and business history are concerned, our library owns not only major statistical documents such as government statistics and prefectural statistics but also a number of business reports and materials relating to the history of industry, as well as materials related to the history of private corporations. G r a d u a t e S c h o o l o f E c o n o m i c s 17

20 Economics and 18 O s a k a U n i v e r s i t y 5 Computer Services As a result of the IT revolution in all areas, the use of computers for research in economics, management, and business has become a matter of course. It is also taken for granted that members of a society are necessarily able to manage the use of a computer, irrespective of their fi eld. In order to foster human resources who can respond to such an information-driven society, our graduate school and undergraduate school concentrate their efforts on the development of information and communication facilities and thus have complete computer facilities exclusively available to our graduate school and undergraduate school, in addition to the service provided by the Cybermedia Center, which is the information infrastructure for the entire university. Our students can use both the service provided by the Center and the Window service of our graduate school and undergraduate school, depending on their needs. The computer services of our graduate and undergraduate schools have increased and improved every year. Currently, more than 120 computers are run and managed in our graduate school and undergraduate school alone. Graduate students can acquire necessary computer knowledge and skills in their classes and freely use the computer room not only during the daytime on weekdays but also at night and on holidays as well as during summer and winter vacation periods. All the computers are connected to the Internet at all times, enabling all users from the bottom to the top not only to communicate and gather information using WWW browsers or , but also to comfortably develop research with a variety of software prepared for research of economic, management and business, writing papers, presentations, statistics analysis, and so on. Both the disciplines of economics and management and business are closely connected to society and are thus required to conduct the analyses not only of Japanese economy but also the current affairs of the world economy with research outcomes and a variety of statistical data. In the computer facilities at our graduate school and undergraduate school, a statistical database and a literature database, the acquisition of which is beyond individuals, are also available, making these facilities very useful for educational research. It is possible not only to search for literature but also to extract target papers from digital contents. The fact that our graduate school and undergraduate school provide excellent literature and statistical data, freely and easily extracted for use of research, allows the achievements of highly valuable research objectives. 6 Scholarships Scholarships from the Japan Students Services Organization and local governments as well as private entities are available throughout the Master s Program and the Doctoral Program and are awarded or loaned to those who have outstanding academic performance and are in need of fi nancial support due to economic reasons. There is also program that exempts outstanding graduate students who have fi nancial diffi culties from paying school fees. Moreover, we have the teaching assistant (TA) system, whereby graduate students receive a certain payment by providing assistance to the faculty in class at the undergraduate and graduate schools, thus gaining work experience in educational settings. We also have the research assistant (RA) system in which graduate students help their teachers with research work and receive remuneration for it. In addition, we have our own research scholarship program available in an effort to enhance education at our graduate school.

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