This course emphasizes dynamic models of growth and development. Topics covered include: migration, modernization, and technological change; static and dynamic models of political economy; the dynamics of income distribution and institutional change; firm structure in developing countries; development, transparency, and functioning of financial markets; privatization; and banks and credit market institutions in emerging markets.
At MIT, this course was team taught by Prof. Robert Townsend, who taught for the first half of the semester, and Prof. Abhijit Banerjee, who taught during the second half. On OCW we are only including materials associated with sessions one through 13, which comprise the first half of the class.
Overview
Syllabus
1. Finance, Growth, and Volatility.
2. Micro-Founded Macro Models.
3. Growth, TFP, and Inequality.
4. Growth, TFP, Domestic and International Capital Flows.
5. Measurement in Development.
6. Insurance.
7. Capital Asset Pricing.
8. Macro Approaches to Consumption Smoothing and Risk Sharing.
9. Labor and Development.
10. Dynamic Financial Constraints.
11. Evaluation of a Large Scale Microfinance Experiment.
12. From Reduced Form to Structural Evaluation.
Taught by
Prof. Robert M. Townsend
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Reviews
4.8 rating, based on 5 Class Central reviews
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I completed the Macroeconomics module in this Development Economics online course, and it was an insightful experience. The course focuses heavily on theoretical concepts, offering a deep dive into the models and frameworks that explain economic gro…
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The course content is well-structured and covers a broad spectrum of topics in economics. From foundational theories and principles to advanced applications in market analysis and economic policy, the course provides a comprehensive overview. The modules on microeconomics, macroeconomics, and econometrics were particularly well-structured, offering a balanced mix of theoretical knowledge and practical insights.
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Amir Mahmoud Mohamed Khalil ShahinThis course has the fundamentals of DEM and I recommend this course as start step to this way of economics -
It is a very good course in economics I am successful completed this course and I am happy .it is very helpful in my study material
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Getting clear understanding and real world examples are very concept clearing . Getting know about macro-economics facts very clearly and easy to understand after wating the examples in this videos . it helps in clearing my doubt .
