Economics%20116%20-%20Lecture%202%20-%20Final

Economics%20116%20-%20Lecture%202%20-%20Final - Economics...

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Click to edit Master subtitle style 5/10/10 Economics 116: Economic Development UC San Diego, Spring 2009 Prof. Karthik Muralidharan Department of Economics Lecture 2
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5/10/10 Administrative Stuff Course web page is up and running at Web CT TA Office Hours: Aaron: Monday 10-11am, SH207 Hee-Seung: Tuesday 9-10am, SH 232 JJ: Thursday 9-10am, SH 234 TA Weekly Review Sessions: Center 214 on Mondays from 5:00 – 5:50pm Problem Set 1 will be up next Monday
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5/10/10 Lecture Outline (4/2/09) Purchasing Power Parity Review (examples) Human Development Index (in more detail) Demographic Transition
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5/10/10 Purchasing Power Parity (PPP) A fixed basket of goods is chosen and the cost of buying that same basket of goods is calculated in different countries A PPP-adjusted dollar should buy the same basket of goods in different countries
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5/10/10 PPP Example US Dollars Kenyan Shilling Market Exchange Rate Television 100 10000 Haircuts 20 100 PPP Exchange Rate Basket 1 (1 TV + 6 Haircuts) Basket 2 (1 TV + 12 Haircuts)
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5/10/10 PPP Example US Dollars Kenyan Shilling Market Exchange Rate Television 100 10000 100 Haircuts 20 100 PPP Exchange Rate Basket 1 (1 TV + 6 Haircuts) 220 10600 48.2 Basket 2 (1 TV + 12 Haircuts) 340 11200 32.9 Basket 3 (1 TV + 24 Haircuts) 580 12400 21.4
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Economics%20116%20-%20Lecture%202%20-%20Final - Economics...

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