Ec183_Introduction

Ec183_Introduction - Welcome to Ec 183 Development of...

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Welcome to Ec 183 Development of Economic Institutions in the United States Welcome to Ec 183 Development of Economic Institutions in the United States • Professor Leah Boustan • Class: Tuesday, Thursday 9:30-10:45 am • Office Hours: Tuesday: 11:00am-12:15pm in 9262 Bunche Hall • Email: lboustan@econ.ucla.edu – 24 hour response (M-F)
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Today’s agenda • A taste of economic history • Administrative details • Course overview and syllabus • Close reading skills What is economic history? The use of economic theory and quantitative evidence to understand the historical development of world economies
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A few questions to get us started • In 1700, income per resident was higher in many New World colonies (e.g., Barbados, Cuba) than in the US. How did the US pull ahead? • Despite the “Internet revolution,” productivity is lower now than in the 1950s and 1960s. Compared to great inventions of the past, is the electronic age a bust? • Many early American corporations were financed by banks that were owned by members of the CEO’s family! Is this corruption? Did this “insider lending” reduce growth? GDP per capita in the Western Hemisphere 0 20 40 60 80 100 120 140 160 180 1700 1800 1900 1997 Argentina Mexico Barbados Cuba Brazil United States = 100 Source: Sokoloff and Engerman (2000)
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Administrative details To do well in this class • Read We do not have a textbook. Instead, we will read one research article each week. And, yes, the content WILL be on the exams! • Come to lecture A complement, not a substitute! • Assignments
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Ec183_Introduction - Welcome to Ec 183 Development of...

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