Growth and Development [SP2017]


This site contains relevant guidelines for Growth and Development, Spring 2017. Students are asked to regularly check this course website for updates and most recent information. This site will grow with the semester and it will contain a section with a brief description of what we have learned in previous classes and what we will cover in the next one.

We meet Wednesdays 15:00-18:00 in the seminar room. The GnD workshop runs Fridays at 9am (specific dates below).


Course Description:

This graduate course covers advanced topics in growth and development economics. We will integrate micro data and tools and quantitative macro theory to study aggregate economic development and evaluate policy.

Syllabus here [.pdf].


Computer Skills

It helps if you have previous programming experience but it is not a pre-requisite. The programming language you use is at your discretion. STATA is a good application that allows you to upload and manipulate many large data sets at once very useful to 'fish for facts' or conduct your own research. If you are planning to do serious computational work in your research, I encourage you to learn FORTRAN (good alternatives are C or C++). This requires an initial fixed cost but it usually pays off. MATLAB is more user-friendly than Fortran and very popular in Economics. It is particularly useful if you are used to think in vector-matrix operations. FORTRAN and MATLAB are both good alternatives to solve Aiyagari-Bewley-Hugget economies. You have all these packages in the graduate lab.


Grades and Requirements:

The grade will be mainly based on one project to be delivered the last week of this course. Occasionally, you may have additional homework exercises. You will have to present advances of your projects regularly in class.


Topics:

  1. Introduction.
  2. Data: Cross-Sectional and Panel Facts from Household-Level Surveys in Developing Countries.
  3. Consumption: Intertemporal Choice
  4. Risk and Insurance in Village Economies
  5. Beyond Villages: Consumption Insurance and Economic Growth: Heterogenous Agents Structural Transformation (HAST) Economies.
  6. Specific Topics:
  7. Integrating Field Experiments and Quantitative Macro Models to Evaluate Policy

Class Diary:


Homework