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Massachusetts Institute of Technology

Development Economics: Macroeconomics

Massachusetts Institute of Technology via MIT OpenCourseWare

Overview

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This course emphasizes dynamic models of growth and development. Topics covered include: migration, modernization, and technological change; static and dynamic models of political economy; the dynamics of income distribution and institutional change; firm structure in developing countries; development, transparency, and functioning of financial markets; privatization; and banks and credit market institutions in emerging markets. At MIT, this course was team taught by Prof. Robert Townsend, who taught for the first half of the semester, and Prof. Abhijit Banerjee, who taught during the second half. On OCW we are only including materials associated with sessions one through 13, which comprise the first half of the class.

Syllabus

1. Finance, Growth, and Volatility.
2. Micro-Founded Macro Models.
3. Growth, TFP, and Inequality.
4. Growth, TFP, Domestic and International Capital Flows.
5. Measurement in Development.
6. Insurance.
7. Capital Asset Pricing.
8. Macro Approaches to Consumption Smoothing and Risk Sharing.
9. Labor and Development.
10. Dynamic Financial Constraints.
11. Evaluation of a Large Scale Microfinance Experiment.
12. From Reduced Form to Structural Evaluation.

Taught by

Prof. Robert M. Townsend

Reviews

4.5 rating, based on 18 Class Central reviews

Start your review of Development Economics: Macroeconomics

  • This course was very helpful and well organized. The explanations were clear and easy to understand, even for beginners. I improved my knowledge in accounting and finance concepts, and the practical examples made the lessons more interesting and useful for real-life situations. I highly recommend it to students in finance and business
  • Profile image for Ali Kazmi
    Ali Kazmi
    recently completed the MIT course “Development Economics” through Central Class Online, which consisted of 12 one-hour sessions, and it turned out to be one of the most insightful learning experiences I’ve had so far. The classes were structured in…
  • Nafeesathul Misriya Ch
    I recently completed the MIT course “Development Economics” through Central Class Online, which consisted of 12 one-hour sessions, and it turned out to be one of the most insightful learning experiences I’ve had so far. The classes were structured i…
  • Roman Shakir
    I learnt such amazing things from this course, especially about how he global economy works and why certain economies are lagging behind while others are way ahead.
  • Mpunga Sheanesu James
    This course was a true eye-opener. It masterfully bridges the gap between standard macroeconomic theory and the complex, real-world challenges faced by developing nations. Instead of just abstract models, we explored critical issues like poverty tra…
  • Profile image for Jeyadharsheni
    Jeyadharsheni
    The course at ClassCenter was highly engaging and well-structured, providing clear explanations and practical examples that made complex topics easy to understand. The instructors were knowledgeable, approachable, and always willing to clarify doubt…
  • Komal
    1
    This course is very helpful to understand the development economics...its include how economics is development in our society through macroeconomics
  • Profile image for Amaya Parashar
    Amaya Parashar
    it gives wonderful insight and is very well detialed in respect of the subject and its practical implementation. the lecture are very through and well explained with great examples
  • Profile image for Dhruv
    Dhruv
    Engaging course with clear lectures; deep insights into macroeconomics and development issues. great thing i have been learn
  • Profile image for Nick Cheam
    Nick Cheam
    a very interesting approach to development economics in the context of macroeconomics. good material and in depth explanations provided by the esteemed lectures.
  • Igor Makienko
    I completed the Macroeconomics module in this Development Economics online course, and it was an insightful experience. The course focuses heavily on theoretical concepts, offering a deep dive into the models and frameworks that explain economic gro…
  • Profile image for Oluwaseun Abdullahmed
    Oluwaseun Abdullahmed
    The course is typically interactive and interesting
    And the video content help the most
    Making it easier to understand and comprehend
  • ERMIAS BELAYNEH
    It is amazing courses.i get a great knowledge on this lesson and all the topic and Way of approaching to lecture was nice and special.it provide me additional information on macroeconomics and the related concept
  • Profile image for Юлия Клименко
    Юлия Клименко
    I think this course is interesting, there are a lot of clear examples, everything is explained clearly. I liked and was interested in the material that was shown. it was informative to hear the expert’s opinion
  • Rida Mustafa
    The course content is well-structured and covers a broad spectrum of topics in economics. From foundational theories and principles to advanced applications in market analysis and economic policy, the course provides a comprehensive overview. The modules on microeconomics, macroeconomics, and econometrics were particularly well-structured, offering a balanced mix of theoretical knowledge and practical insights.
  • Profile image for Amir Mahmoud Mohamed Khalil Shahin
    Amir Mahmoud Mohamed Khalil Shahin
    This course has the fundamentals of DEM and I recommend this course as start step to this way of economics
  • Shyambihari0003@gmail.com
    1
    It is a very good course in economics I am successful completed this course and I am happy .it is very helpful in my study material
  • Getting clear understanding and real world examples are very concept clearing . Getting know about macro-economics facts very clearly and easy to understand after wating the examples in this videos . it helps in clearing my doubt .

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