MIT 14.772 Development Economics: Macroeconomics, Spring 2013 - 1. Finance, Growth, and Volatility

MIT 14.772 Development Economics: Macroeconomics, Spring 2013 View the complete course: http://ocw.mit.edu/14-772S13 Instructor: Robert Townsend Prof. Townsend introduces the course to the students, explains the syllabus, and covers the topics of finance, growth, and volatility. Chapters 0:00:00 Title slates 0:00:26 Course adminstrivia 0:08:33 Introduction to lecture: the links between finance, growth, and volatility 0:11:40 Finance and growth 0:15:12 Bridging the gap between empirics and theory 0:20:53 Volatility and growth 0:33:20 Finance and volatility 0:35:48 Current policy discussion 0:35:48 Alternative policy algorithm 0:45:53 Risk-sharing in village India and more generally 0:51:45 Zooming in, zooming out (i.e., regions/villages as small open economies) 0:51:53 Description of the Townsend Thai Data 0:54:11 General equilibrium development approach 1:06:03 Measurement; Introduction to Flow of Funds 1:12:15 Example of how to use models for policy purposes License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu