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ECONOMICS (L11)  (Dept. Info)Arts & Sciences  (Policies)

L11 Econ 5711Development Economics3.0 Units
Description:This course covers advanced topics in development economics. We will integrate state-of-the art microeconometric tools and quantitative macro theory. First, we will discuss development facts from latest household cross-sectional and panel data from developing countries as well as macro development facts from aggregate data. Second, we will introduce consumption theory (intertemporal choice and PILCH models with borrowing constraints) and discuss its applications to development. Third, we will study consumption risk and insurance in village economies and introduce the cases of endogenous incomplete markets. Here, we will pay particular attention to Sub-Saharan African countries and China. Fourth, we will move beyond villages and make a first attempt to link individual risk and insurance to aggregate development. To do so we will introduce macro models with heterogeneous agents and show their solution under aggregate risk and non-stationary development processes. Specifically, we will analyze how to embed individual risk into models of structural transformation. Fifth, we will discuss missallocation issues arising from policies on firms, policies on land and gender-biased social norms. Sixth, we will revisit the relationship between fertility and income/land in developing countries. Seventh, we will study health behavior and risk to understand the effects of disease (e.g. HIV, malaria) and assess the role of prevention strategies and palliative policies. Eighth, we will study how to integrate field experiments and structural modeling to evaluate policy
Attributes:
Instruction Type:Classroom instruction Grade Options:CPA Fees:
Course Type:HomeSame As:N/AFrequency:None / History
Label

Home/Ident

A course may be either a “Home” course or an “Ident” course.

A “Home” course is a course that is created, maintained and “owned” by one academic department (aka the “Home” department). The “Home” department is primarily responsible for the decision making and logistical support for the course and instructor.

An “Ident” course is the exact same course as the “Home” (i.e. same instructor, same class time, etc), but is simply being offered to students through another department for purposes of registering under a different department and course number.

Students should, whenever possible, register for their courses under the department number toward which they intend to count the course. For example, an AFAS major should register for the course "Africa: Peoples and Cultures" under its Ident number, L90 306B, whereas an Anthropology major should register for the same course under its Home number, L48 306B.

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U=Satisfactory/Unsatisfactory
S=Special Audit
Q=ME Q (Medical School)

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