MIT 14.772 Development Economics: Macroeconomics, Spring 2013
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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
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