Objectives
This part of the course has two objectives: discuss how to quickly monitor and compare countries in terms of economic performance, and then consider the (possibly) most relevant question in Economics: why there are poor countries.
Content
The course will build up upon students' basic macro knowledge to analyse how to monitor and compare countries using Inflation, GDP growth, Balance of Payments and Income accounting, and other statistics as the Big Mac parity. Next, it will address the question of why some poor countries at a certain point in their history gradually exited from poverty while others remained entangled in poverty. We will look at the role of political and economic institutions in economic development and their coevolution.
References
•Any Macroeconomics textbook, e.g. Blanchard O. (several copies available on reserve in the library).
•Acemoglu D. and J. A. Robinson, 2012 “Why Nations Fail: The Origins of Power, Prosperity, and Poverty”, Crown Business
•Specific articles called during the lectures.
This part of the course has two objectives: discuss how to quickly monitor and compare countries in terms of economic performance, and then consider the (possibly) most relevant question in Economics: why there are poor countries.
Content
The course will build up upon students' basic macro knowledge to analyse how to monitor and compare countries using Inflation, GDP growth, Balance of Payments and Income accounting, and other statistics as the Big Mac parity. Next, it will address the question of why some poor countries at a certain point in their history gradually exited from poverty while others remained entangled in poverty. We will look at the role of political and economic institutions in economic development and their coevolution.
References
•Any Macroeconomics textbook, e.g. Blanchard O. (several copies available on reserve in the library).
•Acemoglu D. and J. A. Robinson, 2012 “Why Nations Fail: The Origins of Power, Prosperity, and Poverty”, Crown Business
•Specific articles called during the lectures.