Calendar12+-+Development+Economics

Understanding economics development Topics economics development Foreign sources of finance and foreign debt

**__November 6__:** Economic Growth and Development (Syllabus Section 4.1)

 * __Homework Due__: Read Mankiw (Chapters 25 and 26) and McGee (Section 5.1) and watch the following video.
 * media type="youtube" key="Bu2rJLy29jY" height="315" width="560"
 * media type="youtube" key="hVimVzgtD6w" height="360" width="480"
 * media type="youtube" key="6sqnptxlCcw" height="360" width="640"
 * media type="youtube" key="3qRtDnsnSwk" height="360" width="640"
 * media type="youtube" key="meR5Z1UAswY" height="360" width="640"
 * media type="youtube" key="xIbkPPkuKno" height="480" width="853"
 * media type="youtube" key="MUYqliUMpnA" height="480" width="640"
 * Lorenz curve
 * http://www.youtube.com/watch?v=AQWN_DqcHG4

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 * __Assessments and A__ __ ctivities __ : Lecture
 * __//Lecture//__: Sources of Economic Growth and Development (PDF below)
 * [[file:Sources of Economic Growth.pdf]]
 * [[file:The Lorenz Curve and Gini Coefficient.docx]]
 * [[file:Unit_5.1-5.3_Sources_of_and_Obstacles_to_Growth_and_Development.pdf]]


 * __Related Readings__
 * [|Economic Growth]
 * [|Empirics of Economic Growth]
 * [|Natural (land) Resources]
 * [|Population]
 * [|Saving]
 * [|Telecommunications (Globalization)]
 * [|Space Bridging (Globalization)]
 * [|The German Economic Miracle]
 * [|Japan after WWII]
 * [|The Industrial Revolution and the Standard of Living]
 * [|Education]
 * [|Immigration]
 * [|Transition Economies]
 * [|Global Attitudes Regarding Sustainable Development]
 * [|The Magic of Microcredit]
 * __Human Capital__
 * __[|Pass the Books, Hold the Oil]__
 * [|What is the Wealth of a Nation?]
 * [|Human Capital]


 * __Additional Resources__
 * **__[|Commanding Heights]__:** Click the link above for resources related to this PBS documentary. We may watch a few clips from the video in class. [|You can watch the whole series by streaming it online, if you're interested by clicking here]. It's a really engaging and relatively contemporary view of development and globalization.

__**November 12**__**:** Consequences of economic growth (Syllabus Section 4.2)

 * __Homework Due__: Read McGee (Section 5.2) and watch the video below
 * [|Consequences of Economic Growth]
 * watch the following video
 * media type="youtube" key="R7sCoq8QHXE" height="480" width="853"

> >> >>>
 * __Assessments and Activities__: Free-response/problem and lecture
 * __//Free-response/problem//__: You will work cooperatively with your partner to construct a response to the following prompt.
 * What are the determinants of economic growth? Use an AS-AD diagram and a production possibilities graph to illustrate economic growth.
 * __//Lecture//__: Consequences of economic growth (PDF below)
 * [[file:Consequences of Growth.pdf]]


 * __Related Readings__
 * [|"In Praise of Cheap Labor"]
 * [|"The Case for Sweatshops"]
 * [|Income Inequality in the U.S.]
 * [|Economic Growth and the Environment]
 * [|Free Market Environmentalism]
 * [|Global Warming]

**November 14:** Barriers to economic growth (Syllabus Section 5.3)

 * __Homework Due__: Read McGee (Section 5.3) and **Final Draft of Commentary #2**


 * **Watch the following video:**
 * media type="youtube" key="_DjiBm1LvD4" height="360" width="640"

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 * __Assessments and Activities__: Free-response/problem and lecture
 * __//Free-response/problem//__: You will work cooperatively with your partner to construct a response to the following prompt.
 * Define: Economic growth and economic development.
 * Using examples, explain the difference between economic growth and economic development.
 * __//Lecture//__: Barriers to economic growth and/or development (File with videos too big to post)


 * __Related Readings__
 * __[|Rent Seeking]__
 * [|Saving]
 * [|Corruption]
 * [|Political Behavior]
 * [|Law and Economics]

__**November 14**__ **:** Economic Growth and Development Models (Syllabus Section 5.4)
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 * __Homework Due__: Read McGee (Section 5.4)
 * Read the following link
 * http://www.bized.co.uk/virtual/dc/copper/theory/th7.htm
 * Poverty trap cycle
 * [[image:poverty-trap.jpg width="800" height="469"]]


 * //__Homework:__// You will work cooperatively with your partner to construct a response to the following prompt


 * Describe the main barriers to economic development that countries may experience.
 * Evaluate the view that countries with more equal distribution of income and wealth are more likely to experience higher levels of development.


 * __//Lecture//__: Economic Growth and Development Models (PDF below)
 * [[file:Growth and Development Models.pdf]]


 * __Related Readings__
 * [|Economic Growth]
 * __[|Transition Economies]__

__**November**__ 18**:** Growth and development strategies (Syllabus Section 5.4)

 * __Homework Due__: Read Mankiw McGee (Section 5.4). Then watch the following video.
 * [|The effects of a protectionist subsidy]: Subsidies to domestic firms are central to the growth strategy known alternatively as import substitution industrialization (ISI) or Inward-oriented growth. Click the link to see a video on the economic effects of subsidies.

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 * __Assessments and Activities__: Free-response/problem and lecture
 * __//Homework//__: You will work cooperatively with your partner to construct a response to the following prompt
 * Explain the processes and transmission mechanisms that lead to economic growth in each of the following theories:
 * Harrod-Domar Model
 * Structural Change/Dual Sector Model


 * __//Lecture//__: Growth and Development Strategies (PDF below)
 * [[file:Growth and Development Strategies.pdf]]


 * __Related Readings__
 * [|Economic Growth]
 * [|Foreign Aid]
 * [|International Capital Flows]
 * [|Privatization]
 * __[|Space Bridging (Globalization)]__
 * [|Agricultural Subsidy Programs]

__**November**__ 26**:** Evaluation of growth and dvpt strategies (Syllabus Section 5.5)

 * __ Homework Due __: Read McGee (Section 5.5) and turn in hard copy of the extract for Commentary #3 on international trade and development econoimcs (Sections 4 and 5 of the syllabus)


 * //** Homework due on tuesday Dec 11th **//
 * Some countries have tended to use inward oriented development strategies, while others have used outward oriented strategies. Describe the main features of each type of strategy and evaluate their advantages and disadvantages. Your answer should include diagrams for the tariffs and subsidies used in import-substitution.
 * __//Lecture//__: Evaluation of growth and development strategies (PDF below)
 * [[file:4 - Evaluation of Growth and Dvpt Strategies.pdf]]
 * [[file:4 - Evaluation of Growth and Dvpt Strategies.pdf]]


 * __Related Readings__
 * __[|Foreign Aid]__
 * [|International Capital Flows]

__Homework Due__:

>> >> http://www.nytimes.com/2010/01/23/world/americas/23haiti.html?_r=0 >>
 * __Watch the following video__
 * media type="youtube" key="YpKbO6O3O3M" height="480" width="853"
 * listen to the following podcast
 * http://welkerswikinomics.com/blog/wp-content/uploads/mungeronfairtrade.mp3
 * read the following articles
 * http://www.time.com/time/specials/packages/article/0,28804,1953379_1953494_1953521,00.html

__**December 13;**__ Foreign Aid
Go through the following site http://www.oecd.org/dac/aidstatistics/aidstatisticsrecipientaidataglance.htm


 * Homework
 * watch the following videos
 * media type="youtube" key="kZa9LkX-QdQ" height="480" width="853"
 * media type="youtube" key="8aE_iJq4prs" height="480" width="853"

Just for fun:

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Jan 8- Interventionist Vs. free market policies ==== Lecture: Watch the following video media type="youtube" key="kqA4EJe4j5w" height="480" width="853"