Class01_Introduction

Class01_Introduction - 2010-04-061Development of Economic...

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Unformatted text preview: 2010-04-061Development of Economic Institutions in Western Europe:Introduction1.Course Description and Administration2.Why Economic History?3What is Economic History?3.What is Economic History?4.Some Examples of Research Course DescriptionEconomics 181B: Development of Economic Institution in Western Europe.Overview of the economic history of Western Europe from the Medieval period to the early twentieth century.Understanding of long-term changes in economic institution and human standards of living.2010-04-062AdministrationClass Website: http://classes.sscnet.ucla.edu/course/view.php?name=10S-ECON181B-1No textbook; Reading assignmentsLecture notes will be posted.Evaluation:midterm exam (40%); final exam (60%). A Note on Academic Honesty:Cheating will be treated seriously, and suspected incidents will be referred automatically to the Dean of Students.Office Hours:Tuesday 2:30-3:45 PM; or by appointment.1. Why Economic History?What is the most important determinant of a persons fate (especially in terms of economic welbeing)fate (especially in terms of economic well-being)?2010-04-063When were you born?Where were you born?2010-04-064Top 5 nations: Andora (82.5), Japan (82.1), Singapore (82.0),San Marino (82.0), Australia (81.6)Bottom 5 nations: Swaziland (31.9), Anglola (38.2), Zambia (38.6)Mozambique (41.2), Sierra Leon (41.2)* U.S. (78.1, 38th), South Korea (78.7, 27th)Geography? National Heritage? Gene?The Case of Two Koreas They were the same country under the Japanese colonial regime until 1945. Industrial facilities werecolonial regime until 1945. Industrial facilities were concentrated in the North where wage was higher.Socioeconomic Indicators in 2003SouthNorthReal GDI per capita ($)170471429Infant deaths per 1000542Under-5 deaths per 1000555Life expectancy7864Daily caloric consumption30402160Daily protein consumption89632010-04-065The Average Height of South and North Korean BoysSource: Pak (2010)Satellite Photo of the Korean Peninsula2010-04-066Major Questions in Economics and Broader Social SciencesHow can we explain the long-term economic development in the world?Why did some nations become rich while others remained poor?Contributions of Economic History to the Issues of Wealth and Poverty of the WorldEconomics of growth and development has not be so successful in answering these questions.There is no good blue print for developmentThere is no good blue print for development.The Washing Consensus, recommending open market, deregulation, balanced budget, and good institutions, doesnt seem to have a good track record.Contributions of economic history: 1. The origins of economic development and inequality within and across countries....
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This note was uploaded on 04/10/2010 for the course ECON 181 taught by Professor Lee during the Spring '10 term at UCLA.

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Class01_Introduction - 2010-04-061Development of Economic...

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