L1_intro - 3/31/2010 ARE/ECN 115A: Economic Development...

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3/31/2010 1 ARE/ECN 115A: Economic Development Spring 2010 WELCOME! 3/30/10 Some questions we’ll tackle in this class What do we mean by “development”? Growt Growth Why do some countries grow so much faster than others? What is the relationship between growth and development? Poverty What is it and how do we measure it? Why is it so difficult to eliminate? What do governments do to reduce poverty? Do those policies work Do those policies work? Inequality How do we measure it? Does growth “cause” inequality? Does inequality “cause” growth?
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3/31/2010 2 Questions continued… Market failure: Why don’t certain markets (credit, insurance, land) work very well in developing countries developing countries? What types of institutional innovations or policies can we design to improve the performance of these markets? Environment: What are the causal relationships between poverty and environmental degradation/sustainability? Can markets (via payments for environmental services ) be used to generate a “win-win” scenario in poverty reduction and sustainability? Education Does increasing education really help households escape poverty? If so, what types of policies can best promote the acquisition of a greater quantity and quality of education by poor households? Corruption How do economists think about corruption? How do we measure the level and impact of corruption? What policies can be designed to reduce corruption? Primary tools we’ll use/develop… Economic models Classical models of aggregate growth; N li l i i dl f kt f i l Not-so classical micro-economic models of market failures; Asymmetric information (moral hazard, adverse selection); Externalities and public goods; Institutions and property rights; Risk, risk aversion and decision-making under uncertainty Empirical tools Poverty analysis Construction of poverty lines Construction of poverty lines; Analysis of poverty across population sub-groups; Inequality analysis Measurement and decomposition of various inequality indices; Experimental economics Impact evaluation How do economists move beyond correlation to get at causal impacts of poverty alleviation policies?
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3/31/2010 3 My Background Started teaching at UCD in 2001
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L1_intro - 3/31/2010 ARE/ECN 115A: Economic Development...

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