EC336
Economic Development in a Global
Perspective
2016-17
REVISION LECTURE
Lecture 1 Poverty and Economic Development
Millennium Development Goals:
1. Eradicate extreme poverty and hunger
2. Achieve universal primary education
3. Promote gender equality
EC 322 - Lecture 9: Extensive Games (the
general model)
Daniele Condorelli
University of Essex
Extensive Games with imperfect information - Definition
(we use notation introduced in Lecture 6)
Definition
An extensive game with perfect information G is a d
EC 322 - Lecture 4: Mixed Strategies
Daniele Condorelli
University of Essex
Games with Mixed Strategies - Definition
We extend the definition of game to deal with preferences over lotteries:
we only modify the the third element of the game.
Definition
A s
EC 322 - Lecture 6: Extensive Games
Daniele Condorelli
University of Essex
Extensive Games with perfect information - Definition
An sequence is a (potentially infinite) collection of elements; a proper
subsequence of a certain sequence (a1 , a2 , . . . ,
EC 322 - Lecture 2: Solution Concepts
Daniele Condorelli
University of Essex
Solution Concept - Definition
Definition
A solution concept S that applies to the set of games maps each game
G into a subset of the outcome space of G .
Note: One can imagine tr
EC 322 - Lecture 1: Basic Concepts
Daniele Condorelli
University of Essex
Strategic Games - Definition
Definition
A strategic game G is a defined by the following three elements
N (i.e., the set of players - usually 1, . . . , n)
Ai , for all i N (i.e., t
EC 322 - Lecture 8: More on Bayesian Games
Daniele Condorelli
University of Essex
Bayesian Games - More Information may hurt
See Section 9.3.1 from Osbornes Book
Bayesian Games - Infection
See Section 9.3.2 from Osbornes Book
EC 322 - Lecture 5: Finding Mixed Strategies
Equilibria
Daniele Condorelli
University of Essex
Finding Mixed Strategies Equilibria - Example
Lets find all equilibria of the battle of the sexes game
Player 2
B
S
B 2, 0 0, 0
Player 1
S 0, 0 1, 2
First, note
EC 322 - Lecture 3: Exercises
Daniele Condorelli
University of Essex
Nash Equilibrium in Pure Strategies: Exercises
Computing Nash equilibria in 3-player matrix games. In this case 3
chooses between A and B and his payoff is the third number
A:
B:
U
Playe
EC 322 - Lecture 10: Extensive Games
(Signaling games)
Daniele Condorelli
University of Essex
Extensive Games with imperfect information - Signaling
Games
Section 10.5 in the Book.
EC 322 - Lecture 7: Bayesian Games
Daniele Condorelli
University of Essex
Bayesian Games - Definition
Definition
A Bayesian game is a defined by
A set of players N
A set of states
A common prior : < ( must be induce a probability
distribution over )
A se
EC336
Economic Development in a Global
Perspective
DR. MOHAMED SRAIEB
2016-17
LECTURE 1
Contact Information
Office Hours: Thursday 2.30-3.30 PM, Room 5B.334
Email: [email protected]
Course will have 10 lectures and 5 classes for group presentations.
EC336
Economic Development in a Global
Perspective
2016-17
LECTURE 2
Lecture Outline
In this lecture we will discuss the relationship between globalisation and
economic growth, poverty, and inequality.
We will also look at a simple theoretical model whi
EC336
Economic Development in a Global
Perspective
2016-17
LECTURE 10
Lecture Outline
Migration in a One-Good Model
Effects on source and destination countries. Who gains and who loses?
The Brain Drain
All the material is from Panagariya (2006) and Fe
EC336
Economic Development in a Global
Perspective
2016-17
LECTURE 4
Export Promotion versus Import Substitution
Import substitution: looking inward but still paying outward
First-stage IS involves substituting domestic production for imported simple con
EC336
Economic Development in a Global
Perspective
2016-17
LECTURE 7
Lecture Outline
We will examine the role of institutions in economic development.
We will look at two specific examples involving the impact of democracy
on infant mortality in Africa,
EC336
Economic Development in a Global
Perspective
2016-17
LECTURE 8
Lecture Outline
We will discuss the importance of human capital for development.
We will also look at specific issues of interest that are related, such as child
labour and gender ineq
EC336
Economic Development in a Global
Perspective
2016-17
LECTURE 9
Lecture Outline
We will finish the discussion of Todaro and Smith, ch. 8.
We will also look at two papers that examine the two-way relationship
between income and human capital investm
EC336
Economic Development in a Global
Perspective
2016-17
LECTURE 5
Lecture Outline
We will examine how major debt crises emerged during the 1980s and
more recently in 2008.
We will look at IMF stabilisation policies and attempts at debt relief in this
EC336
Economic Development in a Global
Perspective
2016-17
LECTURE 3
Lecture Outline
In this lecture we will discuss theories of international trade, and analyse
whether the theoretical arguments are consistent with developing country
experience.
The bu
EC336
Economic Development in a Global
Perspective
2016-17
LECTURE 6
Lecture Outline
We will look at the determinants of foreign aid, and whether it truly helps
developing countries achieve higher economic growth.
The material is from Todaro and Smith C
ECON20402 - MACROECONOMICS IIB
Lecture 2 and beyond:
Government Budget Constraint
Associated Readings:
Burda & Wyplosz 7.5
Equilibrium Interest Rate
2
Equilibrium Interest Rate
Up until now, we have solved for the
consumers optimal consumption and
borrow
ECON20402 - MACROECONOMICS IIB
Lecture 3-4:
Taxation and Deficit Financing
Associated Readings:
Burda & Wyplosz 18.4.3, 17.1, 17.417.5
Motivation
Governments play an important role in the economy.
This can be measured by the ratio government
spending to
ECON20352
One Hour
RETURN this paper to Invigilators after the exam.
SAMPLE EXAM
THE UNIVERSITY OF MANCHESTER
MICROECONOMICS IIB
Date:
Time:
Answer ALL Questions
Write down your registration number and the course code number (i.e., 20352) on the
answer sh
ECON20402
Macroeconomics IIB
Tutorial 1
1. How does the Heisenbergs Uncertainty Principle apply to Macroeconomics? Give at
least two examples.
2. Consider an agent who lives for two periods, has income Y1 in the first period and
Y2 in the second period. I
Thomas Pikettys Capital, summarised in four paragraphs
It is the economics book that took the world by storm. Capital in the Twenty-First Century,
written by the French economist Thomas Piketty, was published in French in 2013 and in
English in March 2014
ECON20402
Macroeconomics IIB
Tutorial 2
1. Explain the concept of Ricardian Equivalence. Why is it a fundamental concept in
the analysis of fiscal policy? Give two examples where Ricardian Equivalence fails.
2. Assume the following:
There is one consumer
Key concepts for MCQ test 2 are:
- Monopoly price and output
Monopolistic competition is a market structure in which
there are many firms selling differentiated products
MR=MC
Price= marginal revenue= marginal cost
=TR/Q TC/Q*Q =(P-ATC)*Q
- Deadweight
ECON30852: Money Banking &
Financial Markets/ George Bratsiotis
1
2. TERM STRUCTURE OF INTEREST RATES
(TSIR)
1. TSIR INPRACTICE
TSIR: Relationship between yield to maturity and term to
maturity.
Yield to maturity (YTM): total return (based on PV) an inv