## fy24-819203-ay2024-25-jispa-e-brochure

## Source details

**Canonical URL:** [fy24-819203-ay2024-25-jispa-e-brochure](https://www.imf.org/-/media/files/oap/jispa/2024/fy24-819203-ay2024-25-jispa-e-brochure.pdf)

## Other formats

- [Markdown version](/-/media/files/oap/jispa/2024/fy24-819203-ay2024-25-jispa-e-brochure.pdf.md)
- [Structured JSON version](/-/media/files/oap/jispa/2024/fy24-819203-ay2024-25-jispa-e-brochure.pdf.json)

---

### Introduction to Applied Econometrics — Course structure and core components
- Program components:
  - The World and the SDGs
  - Policy Paper Seminar I–II (One year Program)
  - Tutorial (MEP1) (One year Program)
  - Thesis Seminar I–III (Two year Program)
  - Tutorial (MEP2) (Two year Program)

### Recommended and required coursework
- Recommended courses:
  - Monetary Economics (Money and Banking)
  - Economic Development of Southeast Asia
  - Government and Market
  - Finance and Economic Growth
  - Applied Time Series Analysis for Macroeconomics
  - Applied Econometrics
  - Applied Econometrics Practice
  - Data Science for Public Policy
  - Trade and Industrial Development
  - Mathematics for Economic Analysis
  - Public Finance I
  - Political Economy
  - Fiscal Reform in Japan
  - Economics of Tax Policy
  - Reform of Economic Policy in Japan
  - Economics of Law
  - Competition and Regulatory Economics
  - International Trade
  - Empirics of Macroeconomic Policies and International Finance
  - Theory and Practice of Central Banking: Japanese and Global Experience
  - Environmental Economics
  - Resource and Energy Economics
  - Contemporary Japanese Economy
  - Japanese Economy
  - Financial Economics
  - Time Series Analysis
  - Cost Benefit Analysis I
  - Economic Modeling for Policy Simulations
  - Development Economics
  - Development History of Asia: Policy, Market and Technology
  - Economic History and Institutions
  - Computer Programming for Economics
  - Modernization of Financial Sector: Lessons from Recent Financial Crises
  - Policy Design and Implementation in Developing Countries
  - GRIPS Forum I & II
  - Introduction to Data Science
  - Data Science in Practice
  - East Asian Economies
- Elective advanced courses for qualified students:
  - Advanced Macroeconomics I–IV
  - Advanced Econometrics I–IV
  - Advanced Microeconomics I–IV
  - Other courses offered by GRIPS

### Partner university degree structures and electives (selected)
- Hitotsubashi University — Master of Public Policy (Public Economics)
  - Required Courses include:
    - Microeconomics for Public Policy*
    - Macroeconomics: Theory and Policy*
    - Fundamentals of Econometric Methods I*
    - Fundamentals of Econometric Methods II*
    - Economics of Public Sector I*
    - Economics of Public Sector II*
  - Elective clusters: Fiscal Policy; Monetary and Financial Policy; Public Sector Policy; Joint Courses; Current Issues — Workshops and Intensive Courses.
  - Seminar work required: Seminar I*, Seminar II*
  - Thesis Writing Tutorial: English Thesis Writing I*, English Thesis Writing II*
  - Note: Courses marked * are compulsory for registration.
  - Note: For doctoral courses, advanced courses offered by the Graduate School of Economics may be taken.
- International University of Japan (IUJ) — Master’s of Arts in Economics (Macroeconomic Policy Program)
  - Required Courses include:
    - Microeconomics I: Price Theory
    - Microeconomics II: Strategic Behavior and Information Analysis
    - Macroeconomics I: Income Theory
    - Macroeconomics II: Business Cycle and Growth Theory
    - Statistical Methods
    - Macroeconomics and Policy Analysis
    - Econometrics
    - Public Finance
    - Monetary Economics and Policy Analysis
    - International Trade
    - International Finance
  - Electives recommended include Cross-Sectional and Panel Data Analysis, Time Series Analysis, Macroeconomic Modeling and Forecasting, Policy Evaluation.
  - Maximum number of language course credits countable toward graduation: 2
- The University of Tokyo (UTokyo) — Master of Public Policy, International Program (MPP/IP), Economic Policy, Finance and Development (EPFD)
  - Completion requirement: two years or longer of full-time study to earn 46 credits or more with completion of I to V.
  - I. BASIC ECONOMICS (12–15 credits from all the three groups 1 to 3)
  - II. LAW AND POLITICAL SCIENCES (6 credits, including 2 credits earned with one of the compulsory elective courses marked with an asterisk *)
  - III. CASE STUDIES OFFERED BY GraSPP (8 credits)
  - IV. COURSES TAUGHT IN ENGLISH (28 credits out of 46, double-countable)
  - V. COURSES CATEGORIZED AS PRACTICAL TRAINING (4 credits out of 46, double-countable)
  - Research paper or thesis credits required for IMF scholars in the second year of study.
  - Recommended elective topics include: International Financial Policy; Development Economics: Macroeconomic Approach; Economic Analysis of Public Sector; Data Science for Practical Economic Research; Evolution of Global Economic Policies; Advanced Time Series Analysis; Financial System; Sovereign Debt; Economic Crisis; Monetary Policy.

### Skills to be attained by scholars
- Core theoretical and quantitative skills:
  - Solid theoretical foundation in macroeconomics, microeconomics, and econometrics.
  - Knowledge of graduate-level economic theory; example textbook for microeconomics: Snyder & Nicholson.
  - Quantitative skills in macroeconomic forecast and analysis; familiarity with Stata, Eviews, and R packages.
  - Knowledge of econometrics with supplementary elective time series analysis; use of econometrics in thesis work.
  - Ability to analyze fiscal and monetary policy effects using Dynare on Matlab or Fortran programming.
- Problem finding and solving:
  - Acquire up-to-date analytical skills to find and solve macro and financial economic issues.
  - Training by academic researchers and practitioners from international organizations, central banks, government offices, development banks, and the private sector.
- Global perspective and policy design:
  - Gain a global perspective through lectures and case studies covering issues faced by various countries and international organizations.
  - Learn policy design experiences from developed countries (particularly Japan) and developing countries through practical and case-study courses.
  - Develop competency in crisis management via seminars, workshops, and experiences shared by Japanese business sector and officials from Bank of Japan and the IMF.
- Communication, writing, teamwork, and leadership:
  - Presentation and discussion skills via case study courses, seminars, thesis writing, and class presentations.
  - Skills to write a thesis paper (80-100 pages) in English with guidance from academic advisors and specialized English thesis-writing faculty.
  - Acquire econometric software skills (Stata, Eviews).
  - Experience presenting in English: Ability to do oral presentation in English through seminars, elective courses, and oral defense (10-15 presentations per student during two years).
  - Teamwork and leadership developed through close interaction with fellow scholars from similar government organizations.

### Orientation Program (OP)
- Purpose: prepare incoming scholars for master’s programs and adjustment to life in Japan through intensive courses.
- Timing: mid-July to late-September.
- Location: International University of Japan (IUJ), Niigata, Japan.
- OP components:
  - a four-week course in academic English and writing tutorial sessions during the subsequent four weeks;
  - a four-week course in mathematics for economics and introductory econometrics (including statistical software);
  - a one-week course in introductory economics;
  - a one-week course in the Japanese language (including lectures on cross-cultural understanding and field visits).
- Participation:
  - All JISPA incoming scholars are required to participate in the OP.
  - Exemptions: Scholars from countries where the official language is English or those with high English proficiency are exempted from the English component but must participate in remaining components.
- Additional activities:
  - IMF staff lectures on the IMF role and functions and contributions made by the Japanese Government to the IMF.
  - OP extracurricular activities to develop leadership, organizational, and interpersonal skills.

### Scholarships, logistics, and requirements
- Scholarship coverage:
  - admission and tuition fees;
  - a monthly stipend (including a housing and subsistence allowance);
  - medical/accident insurance;
  - one round-trip economy class air-ticket;
  - a lump-sum pre-arrival allowance to cover visa application costs and a medical examination;
  - research related allowance;
  - book-shipping costs.
- Scholarship details:
  - Scholarship covers expenses incurred by the scholar only.
  - The scholarship covers one year.
  - For two-year master’s programs, the scholarship can be renewed for the second year based on academic performance, university recommendation, and nomination by the scholar’s sponsoring agency.
- Travel and visas:
  - Travel to Japan will be economy class by the most direct flight(s) available.
  - The IMF will provide scholars with pre-paid tickets and a travel allowance.
  - Assistance in applying for visas provided by the universities.
- Accommodation and family:
  - Accommodation arranged by the university; housing location depends on university choice and local availability.
  - University arranged housing is only for one-person occupancy.
  - No provision for married scholars wishing to live together.
  - No additional aid or arrangements for a scholar’s family; scholars advised not to bring family members or dependents.
  - If a scholar chooses to bring a family member, prior approval from the university is required and the scholar is responsible for all additional expenditures and procedures.
- Health requirements:
  - Scholars expected to be in excellent physical, mental, and emotional health during studies.
  - Scholars must notify the IMF Scholarship Programs Manager and the university immediately of any health issues, including pregnancy.
  - Medical insurance arranged to cover most medical expenses, excluding pre-existing conditions.
  - All students requested to undergo a thorough medical examination at an approved hospital or clinic in their countries prior to arrival in Japan; evidence must be submitted to the university.
  - Cost of this medical examination expected to be covered by the pre-arrival allowance.
- Other requirements:
  - Scholars who receive the JISPA scholarship cannot accept other scholarships.
  - Once accepted, scholars expected to attend all classes, maintain solid academic standing, and conduct themselves per university guidelines and Japanese laws and regulations; violations may lead to dismissal or revocation of the scholarship.
  - Upon completion, scholars expected to return to their home agency to utilize acquired knowledge and skills.

### Important dates for the partnership track
- Application deadline November 1, 2023
- Math test given to all eligible applicants Early-December 2023
- Interviews with selected applicants Early to Mid-Feburary, 2024
- Notifications to selected and reserved candidates March 15, 2024
- Deadline to accept the scholarship March 22, 2024
- Reserve or stand-by applicants are called, if necessary March 22, 2024
- Visa application process April–August 2024
- Arrival in Japan for Orientation Program July 5–6, 2024 (tentative); *August 2–3, 2024 (tentative) for scholars who are exempted from taking English courses
- Orientation Program (OP) Mid-July to late-September, 2024 (Mid-July to mid-September, 2024, for JISPA-HIT and UTokyo scholars)
- Moving to the University from the OP:
  - GRIPS: late-September, 2024
  - Hitotsubashi: mid-September, 2024
  - IUJ: mid-September, 2024
  - UTokyo: mid-September, 2024
- Program registration period:
  - GRIPS: October 3–17, 2024
  - Hitotsubashi: mid-September, 2024
  - IUJ: October 1–9, 2024
  - UTokyo: early-October, 2024
- Courses begin:
  - GRIPS: October 6, 2024
  - Hitotsubashi: mid-September, 2024
  - IUJ: October 1, 2024
  - UTokyo: late-September, 2024

### Math Test — Scope, sample items, and purpose
- Scope topics:
  - Arithmetic Operations
  - Solving equations
  - Basic operations of exponential and logarithmic functions
  - Basic differentiation
  - Maximization
  - Analytical/descriptive questions
- Purpose: a math test is given to all eligible applicants prior to paper-screening; the result is a key factor in judging qualification.
- Instruction to applicants: "Please show all you work here and write your answers in the designated place."
- Selected sample problems (each labeled as "2 points" unless otherwise noted):
  - Problem 9: Find the equation of a line that is tangential to 푦 = −2(푥 −1)^3 + 1 at (푥, 푦) = (2, −1).
  - Problem 10: Find the first derivative of 푓(푥) = (2푥 −1)(3푥^2 + 푥 −2).
  - Problem 11: Evaluate the second derivative of 푓(푥) = 2푒^{−2푥} + 2 + ln(3푥 + 1) at 푥 = 1.
  - Problem 12: Find the cross partial derivative of 푓(푥, 푦) = 푥 ln(2푥 + 푦).
  - Problem 13: Evaluate the integral .
  - Problem 14: Evaluate the integral  where 푒 denotes Euler’s constant.
  - Problem 15: Given matrices 퐀 and 퐁 below, find the matrix 퐗 that satisfies 퐀 퐗 = 퐁.
  - Problem 16: Solve for 푥_1, 푥_2, and 푥_3 where .
  - Problem 17: Find the values of x and y that solve: maximize ln(푥 + 8) + 2 ln(2푦 − 5) subject to 푥 + 4푦 = 8.
  - Problem 18: Find the values of x and y that solve: maximize 3 ln(푥 −2) + 푦 subject to 2푥 + 푦 = 10, 푥 ≥ 4, 푦 ≥ −6.
  - Problem 19: Suppose you roll two fair dice. What is the probability that the sum of two numbers is at least 8?
  - Problem 20: Suppose you randomly pick an integer from 500 to 999. What is the probability that the integer you picked is divisible by both 4 and 6?
- Note: Past math tests for the period of 2019–23 are available from the IMF.

### The Open Track — Objective, coverage, and procedures
- Objective and target audience:
  - Support for scholars wishing to study graduate-level macroeconomics or related fields at master’s or Ph.D. level at any leading university in Japan. Priority is given to Ph.D. candidates.
  - Geared toward officials who can identify a course of study in Japan suitable to their professional pursuits in the public sector and supportive of their future work as an economic policy maker.
- Scholarship coverage and duration:
  - Scholarships typically cover all or most tuition costs and related expenses and provide a monthly stipend for the scholar.
  - For a master’s degree: a scholarship can be awarded for up to two consecutive one-year periods.
  - For a Ph.D. degree: a scholarship can be awarded for up to three consecutive one-year periods.
  - Annual renewal subject to IMF approval based on scholar’s progress, university assessment, and sponsoring agency’s consent.
  - The scholarship covers one year. The IMF decides on renewal based on academic performance, university recommendation, and sponsoring agency consent.
  - For doctoral programs, research related fees will be additionally covered.
  - The university is expected to handle reimbursements, distribute stipends, and other funds.
- Application process and timing:
  - Applicants must first apply directly to the university of their choice.
  - IMF can consider providing support to eligible scholars already commenced studies in Japan.
  - Open-track applications can be accepted from April 15, with application deadline June 1, 2024 for admission in September/October 2024 and April 2025.
  - Additional application for April 2025 admission, deadline December 1, 2024, will be opened if open-track scholarships are still available.
- Important open-track dates (provisional):
  - Launch online application: Early April 2024
  - Application acceptance period: April 15–June 1, 2024
  - Application Deadline: June 1, 2024
  - Review application materials: June 1–20, 2024
  - Interview with selected applicants: June 21–July 21, 2024
  - Acceptance notification to selected interviewees: July 31, 2024
  - Deadline to accept scholarship: August 7, 2024
- Eligibility and selection criteria:
  - Applicants must apply to and be admitted into a graduate-level program at a Japanese university; evidence required includes letter of acceptance or application to a university.
  - Award depends on suitability of chosen university and course, educational background, work experience, and potential for future promotion in key government agencies for economic policy making.

### General program information, requirements, and benefits
- Scholarship benefits (program-wide):
  - one return airfare (subject to conditions);
  - admissions and tuition fees;
  - stipend (including a housing and subsistence allowance);
  - medical and accident insurance fees.
  - Scholarship covers expenses incurred by the scholar only.
- Health and behavioral requirements:
  - Scholars expected to be in excellent physical, mental, and emotional health; must notify IMF Scholarship Programs Manager and the university immediately of health issues, including pregnancy.
  - Scholars cannot accept other scholarships.
  - Scholars must attend all classes, maintain solid academic standing, and comply with university guidelines and Japanese laws and regulations. Violations may lead to dismissal and/or revocation of the scholarship.
  - Upon completion, scholars are expected to return to their home agency to utilize acquired knowledge and skills.
- Activities and alumni engagement organized by the IMF OAP and partner universities:
  - Networking: welcome and farewell receptions involving officials from the Bank of Japan and the Japanese Ministry of Finance (MOF) and embassy representatives.
  - Seminars: JISPA Policy Dialogues with Japanese Policymakers and IMF Economists; Roundtable discussions with IMF economists; Summer Workshop for current scholars finishing the first year; Thesis Presentation events; Observership at high-level regional conferences organized by OAP.
  - Field Trip: annual field trip to industrial facilities, local governments, branch offices of ministries/central bank, and cultural/historical sites.
  - Alumni activities: Training program for JISPA alumni in mid-level senior positions (initiative starting in AY2017-18); alumni gatherings in various countries; an alumni networking site for exclusive use by alumni.

### Application Guidelines — Deadlines, eligibility, and required documents
- Application deadlines:
  - Partnership track: November 1, 2023 for the 2024–25 academic year. (Application opens in September 2023)
  - Open track: June 1, 2024 for admission in September/October 2024 and April 2025 (Application opens in April 2024)
  - Additional open-track deadline: December 1, 2024 for admission in April 2025 (if positions available)
- Eligibility requirements:
  - Nationality: candidates must be a national of one of the following countries: Bangladesh, Bhutan, Cambodia, India, Indonesia, Kazakhstan, Kyrgyz Republic, Lao P.D.R., Malaysia, Maldives, Mongolia, Nepal, Pacific Island Countries, Papua New Guinea, Philippines, Sri Lanka, Tajikistan, Thailand, Timor-Leste, Turkmenistan, Uzbekistan, and Vietnam.
  - Employment: candidates should currently work for government agencies such as central bank, ministry of economy, ministry of finance, ministry of planning/development, ministry of trade/commerce, tax administration, national statistics bureau, or financial regulatory agencies; officials in other areas impacting macroeconomic policy may be considered.
  - Education: candidates must have a bachelor’s degree or an equivalent with at least 16 years of formal education (in some cases 15 years may be accepted with official explanation). Names of schools and attending dates beginning from primary school must be listed.
  - Language proficiency: applicants must demonstrate English proficiency equivalent to or more than an official TOEFL score of 550 or iBT79-80. If TOEFL scores are not available, an overall IELTS score of at least 6.0 can be substituted. India, the Philippines, and select Pacific Island Countries are exempt from submitting proof of language ability.
- Priority considerations:
  - Priority is given to applicants who meet two or more of the following:
    - age is below 40;
    - have not yet obtained a master’s degree from a university outside their own country;
    - have the minimum of two-three years’ work experience in the public sector.
- Application procedures and required documents:
  1. Completed application form via the online application on the IMF Regional Office for Asia and the Pacific website.
  2. Official transcripts and official copies of diplomas or degree certificates from all undergraduate and graduate schools; include explanations of grading system and GPA.
  3. Two reference letters (from applicant’s supervisor and/or an academic advisor/professor).
  4. TOEFL/IELTS certificate (if available) from an examination taken after December 1, 2021; if unavailable, applicant may be requested to sit for a TOEFL/IELTS or other IMF-designated English test prior to final scholarship decision. TOEFL institution code: “C626 – Japan-IMF Scholarship Program for Asia”; IELTS code: “JISPA: Japan-IMF Scholarship Program for Asia”.
  - English Test Requirement Exemption Policy: exemption applies for India, the Philippines, and selected PIC countries; and for English medium programs in Australia, Canada, Ireland, New Zealand, the UK, and the US.
- Additional documents for the open track:
  5. Admission letter or enrollment certificate of the University of Choice, or a copy of the application to the university.
  6. Thesis or equivalent paper from their master’s degree.
- Document instructions:
  - All materials must be in English or accompanied by an official English translation.
  - The IMF will provide submitted materials to relevant schools and the Government of Japan as appropriate; materials will not be returned.
  - Only selected candidates are required to send originals by post to the IMF Regional Office for Asia and the Pacific by the designated date.

### Contact for applications
- Japan-IMF Scholarship Program for Asia
- IMF Regional Office for Asia and the Pacific
- 21st Floor Fukoku-Seimei Building
- 2-2-2 Uchisaiwai-cho
- Chiyoda-ku, Tokyo 100-0011
- Japan
- jispa@IMF.org

*Information from the Japan-IMF Scholarship Program for Asia (JISPA) brochure (AY2024-25), IMF Regional Office for Asia and the Pacific.*

### Introduction to Applied Econometrics

### Introduction to Applied Econometrics

### Course structure and core components
- Program components listed:
  - The World and the SDGs
  - Policy Paper Seminar I–II (One year Program)
  - Tutorial (MEP1) (One year Program)
  - Thesis Seminar I–III (Two year Program)
  - Tutorial (MEP2) (Two year Program)

### Recommended and required coursework
- Recommended courses (as listed):
  - Monetary Economics (Money and Banking)
  - Economic Development of Southeast Asia
  - Government and Market
  - Finance and Economic Growth
  - Applied Time Series Analysis for Macroeconomics
  - Applied Econometrics
  - Applied Econometrics Practice
  - Data Science for Public Policy
  - Trade and Industrial Development
  - Mathematics for Economic Analysis
  - Public Finance I
  - Political Economy
  - Fiscal Reform in Japan
  - Economics of Tax Policy
  - Reform of Economic Policy in Japan
  - Economics of Law
  - Competition and Regulatory Economics
  - International Trade
  - Empirics of Macroeconomic Policies and International Finance
  - Theory and Practice of Central Banking: Japanese and Global Experience
  - Environmental Economics
  - Resource and Energy Economics
  - Contemporary Japanese Economy
  - Japanese Economy
  - Financial Economics
  - Time Series Analysis
  - Cost Benefit Analysis I
  - Economic Modeling for Policy Simulations
  - Development Economics
  - Development History of Asia: Policy, Market and Technology
  - Economic History and Institutions
  - Computer Programming for Economics
  - Modernization of Financial Sector: Lessons from Recent Financial Crises
  - Policy Design and Implementation in Developing Countries
  - GRIPS Forum I & II
  - Introduction to Data Science
  - Data Science in Practice
  - East Asian Economies
- Elective advanced courses for qualified students:
  - Advanced Macroeconomics I–IV
  - Advanced Econometrics I–IV
  - Advanced Microeconomics I–IV
  - Other courses offered by GRIPS

### Partner university degree structures and electives (selected)
- Hitotsubashi University — Master of Public Policy (Public Economics)
  - Required Courses include:
    - Microeconomics for Public Policy*
    - Macroeconomics: Theory and Policy*
    - Fundamentals of Econometric Methods I*
    - Fundamentals of Econometric Methods II*
    - Economics of Public Sector I*
    - Economics of Public Sector II*
  - Elective clusters include Fiscal Policy, Monetary and Financial Policy, Public Sector Policy, Joint Courses, Current Issues — Workshops and Intensive Courses.
  - Seminar work required for graduation: Seminar I*, Seminar II*
  - Thesis Writing Tutorial: English Thesis Writing I*, English Thesis Writing II*
  - Note: Courses marked * are compulsory for registration.
  - Note: For those pursuing doctoral courses, advanced courses offered by the Graduate School of Economics may be taken.

- International University of Japan (IUJ) — Master’s of Arts in Economics (Macroeconomic Policy Program)
  - Required Courses include:
    - Microeconomics I: Price Theory
    - Microeconomics II: Strategic Behavior and Information Analysis
    - Macroeconomics I: Income Theory
    - Macroeconomics II: Business Cycle and Growth Theory
    - Statistical Methods
    - Macroeconomics and Policy Analysis
    - Econometrics
    - Public Finance
    - Monetary Economics and Policy Analysis
    - International Trade
    - International Finance
  - Electives recommended include Cross-Sectional and Panel Data Analysis, Time Series Analysis, Macroeconomic Modeling and Forecasting, Policy Evaluation, and others.
  - Online syllabi are available at https://www.iuj.ac.jp/ir-info/
  - Maximum number of language course credits countable toward graduation: 2

- The University of Tokyo (UTokyo) — Master of Public Policy, International Program (MPP/IP), Economic Policy, Finance and Development (EPFD)
  - Completion requirements: two years or longer of full-time study to earn 46 credits or more with completion of I to V.
  - I. BASIC ECONOMICS (12–15 credits from all the three groups 1 to 3) with alternative course groupings A, B, or C for Microeconomics, Macroeconomics, and Statistical/Econometric methods.
  - II. LAW AND POLITICAL SCIENCES (6 credits, including 2 credits earned with one of the compulsory elective courses marked with an asterisk *)
  - III. CASE STUDIES OFFERED BY GraSPP (8 credits)
  - IV. COURSES TAUGHT IN ENGLISH (28 credits out of 46, double-countable)
  - V. COURSES CATEGORIZED AS PRACTICAL TRAINING (4 credits out of 46, double-countable)
  - Research paper or thesis credits required for IMF scholars in the second year of study.
  - Recommended elective courses in economics include: International Financial Policy; Development Economics: Macroeconomic Approach; Economic Analysis of Public Sector; Data Science for Practical Economic Research; Evolution of Global Economic Policies; Advanced Time Series Analysis; Financial System; Sovereign Debt; Economic Crisis; Monetary Policy; and others.

### Skills to be attained by scholars
- Core theoretical and quantitative skills:
  - Solid theoretical foundation in macroeconomics, microeconomics, and econometrics.
  - Knowledge of graduate-level economic theory; example textbook for microeconomics: Snyder & Nicholson (technical materials with math components).
  - Quantitative skills in macroeconomic forecast and analysis; familiarity with computational/statistical tools such as Stata, Eviews, and R packages.
  - Knowledge of econometrics with supplementary elective time series analysis; use of econometrics in thesis work.
  - Ability to analyze fiscal and monetary policy effects using cutting-edge theoretical models and simulation approaches (Dynare on Matlab or Fortran programming).
- Problem finding and solving:
  - Acquire up-to-date analytical skills to find and solve macro and financial economic issues.
  - Training provided by frontier academic researchers and practitioners from international organizations, central banks, government offices, development banks, and the private sector.
- Global perspective and policy design:
  - Gain a global perspective through lectures and case studies covering issues faced by various countries and international organizations.
  - Learn policy design experiences from developed countries (particularly Japan) and developing countries through practical and case-study courses.
  - Develop competency in crisis management via seminars, workshops, and experiences shared by Japanese business sector and officials from Bank of Japan and the IMF.
- Communication, writing, teamwork, and leadership:
  - Polish presentation and discussion skills via case study courses, seminars, thesis writing, and class presentations.
  - Skills to write a thesis paper (80-100 pages) in English with guidance from academic advisors and specialized English thesis-writing faculty.
  - Acquire econometric software skills (Stata, Eviews).
  - Experience presenting in English: Ability to do oral presentation in English through seminars, elective courses, and oral defense (10-15 presentations per student during two years).
  - Teamwork and leadership developed through close interaction with fellow scholars from similar government organizations.

### Orientation Program (OP)
- Purpose: prepare incoming scholars for the master’s programs and adjustment to life in Japan through intensive courses.
- Timing: mid-July to late-September (held prior to commencing studies at partnership universities).
- Location: International University of Japan (IUJ), Niigata, Japan.
- OP comprises:
  - a four-week course in academic English (reading, writing, listening, and oral communication skills) and writing tutorial sessions during the subsequent four weeks;
  - a four-week course in mathematics for economics and introductory econometrics (including statistical software);
  - a one-week course in introductory economics;
  - a one-week course in the Japanese language (including lectures on cross-cultural understanding and field visits), in addition to practical sessions.
- All JISPA incoming scholars are required to participate in the OP.
- Exemptions: Scholars from countries where the official language is English or those with high English proficiency are exempted from the English component but must participate in remaining components.
- Additional lectures: IMF staff offer lectures on the IMF role and functions and contributions made by the Japanese Government to the IMF.
- OP extracurricular activities aim to develop leadership, organizational, and interpersonal skills.

### Scholarships, logistics, and requirements
- Scholarship coverage (exactly as stated):
  - admission and tuition fees;
  - a monthly stipend (including a housing and subsistence allowance);
  - medical/accident insurance;
  - one round-trip economy class air-ticket;
  - a lump-sum pre-arrival allowance to cover visa application costs and a medical examination;
  - research related allowance;
  - book-shipping costs.
- Scholarship covers expenses incurred by the scholar only.
- Scholarship duration:
  - The scholarship covers one year.
  - For two-year master’s programs, the scholarship can be renewed for the second year based on the scholar’s academic performance and the university’s recommendation, together with nomination by the scholar’s sponsoring agency.
- Travel and visas:
  - Travel to Japan will be economy class by the most direct flight(s) available.
  - The IMF will provide scholars with pre-paid tickets and a travel allowance.
  - Assistance in applying for visas provided by the universities.
- Accommodation:
  - Accommodation in Japan arranged by the university; housing location depends on university choice and local availability.
  - University arranged housing is only for one-person occupancy.
  - No provision for married scholars wishing to live together.
- Scholar’s family:
  - No additional aid or arrangements are given for a scholar’s family.
  - Scholars generally advised not to bring family members or dependents due to high cost and complications.
  - If a scholar chooses to bring a family member, prior approval from the university is required (subject to its guidelines).
  - Scholars are responsible for all additional expenditures and procedures associated with bringing a family member (travel, insurance, medical costs, higher housing costs).
- Health requirements:
  - Scholars expected to be in excellent physical, mental, and emotional health during studies.
  - Scholars must notify the IMF Scholarship Programs Manager and the university immediately of any health issues, including pregnancy.
  - Medical insurance arranged to cover most medical expenses, excluding pre-existing conditions.
  - All students requested to undergo a thorough medical examination at an approved hospital or clinic in their countries prior to arrival in Japan; evidence must be submitted to the university.
  - Cost of this medical examination expected to be covered by the pre-arrival allowance.
- Other requirements:
  - Scholars who receive the JISPA scholarship cannot accept other scholarships.
  - Once accepted, scholars expected to attend all classes, maintain solid academic standing, and conduct themselves per university guidelines and Japanese laws and regulations; violations may lead to dismissal or revocation of the scholarship.
  - Upon completion, scholars expected to return to their home agency to utilize acquired knowledge and skills.

### Important dates for the partnership track (as listed)
- Application deadline November 1, 2023
- Math test given to all eligible applicants Early-December 2023
- Interviews with selected applicants Early to Mid-Feburary, 2024
- Notifications to selected and reserved candidates March 15, 2024
- Deadline to accept the scholarship March 22, 2024
- Reserve or stand-by applicants are called, if necessary March 22, 2024
- Visa application process April–August 2024
- Arrival in Japan for Orientation Program July 5–6, 2024 (tentative); *August 2–3, 2024 (tentative) for scholars who are exempted from taking English courses
- Orientation Program (OP) Mid-July to late-September, 2024 (Mid-July to mid-September, 2024, for JISPA-HIT and UTokyo scholars)
- Moving to the University from the OP:
  - GRIPS: late-September, 2024
  - Hitotsubashi: mid-September, 2024
  - IUJ: mid-September, 2024
  - UTokyo: mid-September, 2024
- Program registration period:
  - GRIPS: October 3–17, 2024
  - Hitotsubashi: mid-September, 2024
  - IUJ: October 1–9, 2024
  - UTokyo: early-October, 2024
- Courses begin:
  - GRIPS: October 6, 2024
  - Hitotsubashi: mid-September, 2024
  - IUJ: October 1, 2024
  - UTokyo: late-September, 2024

### Sample Math Test (purpose and sample items)
- Purpose: a math test is given to all eligible applicants prior to paper-screening; the result is a key factor in judging qualification.
- Sample questions (enumerated but without supplied numeric expressions fully reproduced here):
  - (2 points) Calculate 11 − (−6) 3 ÷ (−2) 2.
  - (2 points) Calculate [expression not fully reproduced].
  - (2 points) Calculate [expression not fully reproduced].
  - (2 points) Solve for 푥 and 푦 in the following system of equations.
  - (2 points) Solve for 푥 in the following equation: 4푥 −0.25 = 12.
  - (2 points) Solve for 푥 in the following equation: 2log3 (푥 + 13) − log3 (−2푥 + 1) = 2.
  - (2 points) Find the largest integer 푥 that satisfies | 2 − log3 푥 | < 3.
  - (2 points) Evaluate the following sum.
- Instruction: applicants are requested to be well-prepared for the test.

*Source: JISPA brochure — Introduction to Applied Econometrics.*

### 1. Scope of Math Test

### 1. Scope of Math Test

### A. Topics Covered
- Arithmetic Operations
- Solving equations
- Basic operations of exponential and logarithmic functions
- Basic differentiation
- Maximization
- Analytical/descriptive questions

### B. Sample Math Test (selected items and instructions)
- Past math tests for the period of 2019–23 are available from the IMF.  
- Instruction: "Please show all you work here and write your answers in the designated place."

Selected sample problems (each labeled as "2 points" unless otherwise noted):
- Problem 9: Find the equation of a line that is tangential to 푦 = −2(푥 −1)^3 + 1 at (푥, 푦) = (2, −1). Answer: ______________________
- Problem 10: Find the first derivative of 푓(푥) = (2푥 −1)(3푥^2 + 푥 −2). Answer: ______________________
- Problem 11: Evaluate the second derivative of 푓(푥) = 2푒^{−2푥} + 2 + ln(3푥 + 1) at 푥 = 1. Answer: ______________________
- Problem 12: Find the cross partial derivative of 푓(푥, 푦) = 푥 ln(2푥 + 푦). Answer: ______________________
- Problem 13: Evaluate the integral . Answer: ______________________
- Problem 14: Evaluate the integral  where 푒 denotes Euler’s constant. Answer: ______________________
- Problem 15: Given matrices 퐀 and 퐁 below, find the matrix 퐗 that satisfies 퐀 퐗 = 퐁. Answer: ______________________
- Problem 16: Solve for 푥_1, 푥_2, and 푥_3 where . Answer: ______________________
- Problem 17: Find the values of x and y that solve: maximize ln(푥 + 8) + 2 ln(2푦 − 5) subject to 푥 + 4푦 = 8. Answer: ______________________
- Problem 18: Find the values of x and y that solve: maximize 3 ln(푥 −2) + 푦 subject to 2푥 + 푦 = 10, 푥 ≥ 4, 푦 ≥ −6. Answer: ______________________
- Problem 19: Suppose you roll two fair dice. What is the probability that the sum of two numbers is at least 8? Answer: ______________________
- Problem 20: Suppose you randomly pick an integer from 500 to 999. What is the probability that the integer you picked is divisible by both 4 and 6? Answer: ______________________

### C. Purpose and usage
- The math test assesses fundamental quantitative skills relevant to graduate-level economics study and program eligibility under the Japan-IMF Scholarship Program for Asia (JISPA).

---

### III. The Open Track (JISPA program information)

### A. Objective and target audience
- The open track provides support to scholars who wish to study graduate-level macroeconomics or a related field at either the master’s or Ph.D. level at any leading university in Japan. Priority is given to Ph.D. candidates.
- Geared toward highly motivated officials who can identify a course of study in Japan suitable to their professional pursuits in the public sector and supportive of their future work as an economic policy maker.

### B. Scholarship coverage and duration
- Scholarships typically cover all or most of the tuition costs and related expenses and provide a monthly stipend for the scholar. The scholarship covers expenses incurred by the scholar only.
- For a master’s degree: a scholarship can be awarded for up to two consecutive one-year periods.
- For a Ph.D. degree: a scholarship can be awarded for up to three consecutive one-year periods, depending on a university’s requirements under a specific course of study.
- Annual renewal of the scholarship is subject to approval by the IMF, based on the scholar’s progress, university’s assessment, and sponsoring agency’s consent.
- The scholarship covers one year. The IMF makes a decision on a renewal for the subsequent year based on academic performance, university recommendation, and sponsoring agency consent.
- For scholars enrolled in doctoral programs, research related fees will be additionally covered.
- The university is expected to handle reimbursements, distribute stipends, and other funds.

### C. Application process and timing (Open Track)
- Applicants must first apply directly to the university of their choice to be admitted into a graduate-level program in an appropriate discipline.
- The IMF can consider providing support to eligible scholars who have already commenced their studies in Japan.
- Open-track applications can be accepted from April 15, with the application deadline of June 1, 2024, for admission in September/October 2024 and April 2025.
- Applicants must notify the IMF of the admission result of the university(ies) to which they are applying prior to receiving a final decision on the scholarship award.
- Additional application for April 2025 admission, with the deadline of December 1, 2024, will be opened if open-track scholarships are still available.

Important dates for the open track (as provisional and subject to change):
- Launch online application: Early April 2024
- Application acceptance period: April 15–June 1, 2024
- Application Deadline: June 1, 2024
- Review application materials: June 1–20, 2024
- Interview with selected applicants: June 21–July 21, 2024
- Acceptance notification to selected interviewees: July 31, 2024
- Deadline to accept scholarship: August 7, 2024

### D. Eligibility and selection criteria
- Applicants must apply to and be admitted into a graduate-level program at a Japanese university; evidence required includes letter of acceptance or application to a university for the open track.
- Award depends on the suitability of the chosen university and course of study, educational background, work experience, and potential for future promotion in key government agencies for economic policy making.

---

### General Information, Requirements, and Benefits (Program-wide)

### A. Scholarship benefits (program-wide)
- Covers reasonable expenses a scholar is expected to incur, including:
  - one return airfare (subject to conditions);
  - admissions and tuition fees;
  - stipend (including a housing and subsistence allowance);
  - medical and accident insurance fees.
- Scholarship covers expenses incurred by the scholar only.
- No additional aid or arrangements are given for a scholar’s family; scholars are responsible for all additional expenditures and procedures associated with bringing family members.

### B. Health and behavioral requirements
- Scholars are expected to be in excellent physical, mental, and emotional health and must notify the IMF Scholarship Programs Manager and the university immediately if there are any health issues, including pregnancy.
- Scholars cannot accept other scholarships.
- Scholars must attend all classes, maintain solid academic standing, and comply with university guidelines and Japanese laws and regulations. Violations may lead to dismissal and/or revocation of the scholarship.
- Upon completion, scholars are expected to return to their home agency to utilize acquired knowledge and skills.

### C. Activities and alumni engagement organized by the IMF Regional Office for Asia and the Pacific (OAP) and partner universities
- Networking: welcome and farewell receptions involving officials from the Bank of Japan and the Japanese Ministry of Finance (MOF) and embassy representatives.
- Seminars:
  - JISPA Policy Dialogues with Japanese Policymakers and IMF Economists.
  - Roundtable discussions with IMF economists.
  - Summer Workshop for current scholars finishing the first year.
  - Thesis Presentation events.
  - Observership at high-level regional conferences organized by OAP.
- Field Trip: annual field trip arranged by partnership universities to industrial facilities, local governments, branch offices of ministries/central bank, and cultural/historical sites.
- Alumni activities:
  - Training program for JISPA alumni in mid-level senior positions (initiative starting in AY2017-18).
  - Alumni gatherings in various countries.
  - An alumni networking site for exclusive use by alumni.

---

### Application Guidelines (Partnership and Open Track)

### A. Application deadlines (as stated)
- Partnership track: November 1, 2023 for the 2024–25 academic year. (Application opens in September 2023)
- Open track: June 1, 2024 for admission in September/October 2024 and April 2025 (Application opens in April 2024)
- Additional open-track deadline: December 1, 2024 for admission in April 2025 (if positions available)

### B. Eligibility requirements (nationality, employment, education, language)
- Nationality: candidates must be a national of one of the following countries: Bangladesh, Bhutan, Cambodia, India, Indonesia, Kazakhstan, Kyrgyz Republic, Lao P.D.R., Malaysia, Maldives, Mongolia, Nepal, Pacific Island Countries, Papua New Guinea, Philippines, Sri Lanka, Tajikistan, Thailand, Timor-Leste, Turkmenistan, Uzbekistan, and Vietnam.
- Employment: candidates should currently work for government agencies such as central bank, ministry of economy, ministry of finance, ministry of planning/development, ministry of trade/commerce, tax administration, national statistics bureau, or financial regulatory agencies; officials in other areas impacting macroeconomic policy may be considered.
- Education: candidates must have a bachelor’s degree or an equivalent with at least 16 years of formal education (in some cases 15 years may be accepted with official explanation). Names of schools and attending dates beginning from primary school must be listed.
- Language proficiency: applicants must demonstrate English proficiency equivalent to or more than an official TOEFL score of 550 or iBT79-80. If TOEFL scores are not available, an overall IELTS score of at least 6.0 can be substituted. India, the Philippines, and select Pacific Island Countries are exempt from submitting proof of language ability.

Priority is given to applicants who meet two or more of the following:
- age is below 40;
- have not yet obtained a master’s degree from a university outside their own country;
- have the minimum of two-three years’ work experience in the public sector.

### C. Application procedures and required documents
For both partnership and open track, submit:
1. Completed application form via the online application on the IMF Regional Office for Asia and the Pacific website.
2. Official transcripts and official copies of diplomas or degree certificates from all undergraduate and graduate schools; include explanations of grading system and GPA.
3. Two reference letters (from applicant’s supervisor and/or an academic advisor/professor).
4. TOEFL/IELTS certificate (if available) from an examination taken after December 1, 2021; if unavailable, applicant may be requested to sit for a TOEFL/IELTS or other IMF-designated English test prior to final scholarship decision. TOEFL institution code: “C626 – Japan-IMF Scholarship Program for Asia”; IELTS code: “JISPA: Japan-IMF Scholarship Program for Asia”.
- English Test Requirement Exemption Policy: exemption applies for India, the Philippines, and selected PIC countries; and for English medium programs in Australia, Canada, Ireland, New Zealand, the UK, and the US.

Additional documents for the open track:
5. Admission letter or enrollment certificate of the University of Choice, or a copy of the application to the university.
6. Thesis or equivalent paper from their master’s degree.

- All materials must be in English or accompanied by an official English translation.
- The IMF will provide submitted materials to relevant schools and the Government of Japan as appropriate; materials will not be returned.
- Only selected candidates are required to send originals by post to the IMF Regional Office for Asia and the Pacific by the designated date.

### D. Contact for applications
- Japan-IMF Scholarship Program for Asia  
  IMF Regional Office for Asia and the Pacific  
  21st Floor Fukoku-Seimei Building  
  2-2-2 Uchisaiwai-cho  
  Chiyoda-ku, Tokyo 100-0011  
  Japan  
  jispa@IMF.org

- IMF.org/en/Countries/ResRep/OAP-Home/JISPA-Home

---

---


_Source: https://www.imf.org/-/media/files/oap/jispa/2024/fy24-819203-ay2024-25-jispa-e-brochure.pdf_