Econ 114 Javier Birchenall Due date: Tuesday, November 16, 2010
Problem set 5: Misallocations and capital ows
The following problems are based on Chapter 10 in the textbook and Lucass discussion about capital ows. Plan to spend 6 hours (maybe more) on the
Econ 114
Javier Birchenall
Due date: Tuesday, October 6, 2016
Problem set 1: PPP and basic growth facts
The following problem set will serve two purposes. First, it will acquaint you with some basic measurement
perspectives and with some growth facts that
Econ 114 Javier Birchenall
Practice questions
Name: _ Perm #: _
Consider the statement of each question and determine whether it is true, false or uncertain. No credit will be given without justication, try to answer all questions since partial credit wil
Econ 114 Javier Birchenall Due date: Tuesday, November 16, 2010
Problem set 5: Misallocations and capital ows
The following problem set(s) are based on Chapter 10 in the textbook and Lucass discussion about capital ows. Plan to spend 6 hours (maybe more)
Econ 114 Javier Birchenall October 26, 2010
Midterm exam
Name: _ Perm #: _
Instructions. This is an 85 minutes closed book/notes exam. Please also turn o you cell phone. There are 10 True/False/Uncertain questions (4 pages), each question represents 10 po
Econ 114 Javier Birchenall Due date: Tuesday, October 12, 2010
Problem set 2: The Solow model and savings rates
The following problem set studies the Solow model and investigates the relationships between savings rates and economic growth. The data is ava
Javier A. Birchenall
Javier.Birchenall@ucsb.edu
Economics 114B / Fall 2015
T-R 3:30-4:45 pm
IV1
Economic Development
Course Description
This course introduces several of the main economic issues confronting developing countries
today. The first part cover
Study Guide for Final Exam
(Please note that the final will be comprehensive, and thus will cover material from the Midterm 1 and Midterm 2 study guides as well.)
I.
Chapter 12: Governance a. Colonialism i. Recent independence of many low income countries
Econ 114 Javier Birchenall Due date: Tuesday, January 20, 2009
Problem set 1: Basic growth facts
The following problem set will serve two purposes. First, it will acquaint you with some basic growth facts that you will seek to explain later in the q
Econ 114 Javier Birchenall Due date: Tuesday, November 9, 2010
Problem set 4: Productivity and innovation
In this problem set, you will investigate the relationship between productivity growth and the growth of per capita income. You will also explore the
Econ 114 Javier Birchenall Due date: Tuesday, February 24 2009
Problem set 4: Productivity and innovation
In this problem set, you will investigate the relationship between productivity growth and the growth of per capita income. You will also explo
Econ 114 Javier Birchenall Due date: Tuesday, November 9, 2010
Problem set 4: Productivity and innovation
In this problem set, you will investigate the relationship between productivity growth and the growth of per capita income. You will also explore the
Econ 114 Javier Birchenall Due date: Tuesday, October 5, 2010
Problem set 1: PPP and basic growth facts
The following problem set will serve two purposes. First, it will acquaint you with some basic measurement perspectives and with some growth facts that
Econ 114
Announcements
Chapters 11 and 12
Differential Technological
Progress
Complements (bread and cheese): New
technologies raise the share of
employment/spending of the less
productive sector.
Substitutes (butter and margarine): New
technologies raise
Econ 114
Lecture 13
Announcements
Final = T/F/U as in the midterm + 2 or 3 math
problems as in the Problem sets.
Trade
countries trade in goods and in factors (migration,
capital flows, students from abroad)
Countries also trade technologies (is democr
Lecture 10
Econ 114
Announcements
Problem set 4 due on Monday
Technology
Not as tangible as capitalmore like
Ideas
Non Rival
The use of non rival good by one person does
not prevent simultaneous consumption of the
same good by other people.
Only partial
Econ 114: Lecture 9
5/2/2011
Productivity and Technology
Productivity m
Technology creation
Creation by accident
Learning by doing
Newtons Theory of gravitation (kind of)
US Shipyards during WWII
Intentional decisions on R&D
Learning By Doing
Extra produc
Review
Proximate causes of income differences
Factor accumulation
capital (Solow Model)
Labor
Factor Productivity
Inferior technologies
Lower efficiency
Accumulation and productivity
Chart
rich countries vs. poor countries
The Solow Model
Differences in c
Real GDP examples
Country
A
B
TV Sets/Price
40/$10
15/$20
Country
A
B
GDP
$800
$360
Haircuts/Price
100/$4
60/$1
GDP Exchange
$800
$180
Ratio is 180:800 or 1:4.44
Market Baskets, Converting Currency from Country B to Country A
A= 10(10) + 10(4) = $140
B= $
4/19/10 Solving for Growth via Production Factors
Human Capital, investment in human i.e. Students in college
receiving education
Production Function: y = A *f(K,L)
o A: residual, parameter that includes extraneous factors
t hat affect growth (technology,
Population Growth
Labor: L(t+1) = L*t + nL*t = (n+1)(L(t)
(1+n) = (L(t+1)/Lt
(1+n) = P(t+1) / P*t, where P=population
Population is related to Labor, increase of labor leads to increase of
population?
Hold Labor and Population constant, thus investin
Econ 114A Development Economics
Practice Ch 1-2 suggested key.
Chapters are not separately identified. Practice problems not reflective of all theory/math/material
covered.
1. (prior knowledge, see me if you don't know how to calculate). Assume starting r
Economics 114
Econ.ucsb.edu/~bellinelli
Growth: sustained output in a countrys GDP
GDP usually refers to per person
There are a lot of issues with GDP
o Not necessarily representative of population
o Externalities
o External influences
Economics are divid
Econ 114
Lecture 6
4/13/2011
Review
Proximate causes of income differences
Factor Accumulation
Capital (Solow Model)
Labor (Malthus and Solow)
Factor Productivity
Inferior technologies
Lower efficiency
Steady State in Solow
So capital declines
So capital
Econ 114
Lecture 15
Announcements
PSET 6 due today
This week covers chapter 12 and 13
Final Exam: Chapters 1-4 + 6-13, maybe
14. The final is cumulative with 10-15
T/F/U as the midterm and 2-3 math
problems such as those in the Psets
No need for blue book
Economics 114 Development Economics
Due date: Complete before midterm/final. Not collected. Answers provided during last class of the
quarter. If you cannot attend, get notes from another student.
1. (Before the midterm) For your assigned country (see gau
Country
Afghanistan
Albania
Algeria
Angola
Antigua and Barbuda
Argentina
Armenia
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bermuda
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei
Bulgaria
Bu