PED 101: Economic Development: Theory and Evidence

PED-101 is a semester-long course that aims to study theories of economic (under)development and scrutinize empirical evidence in order to glean insights on development policy. The course will identify key features of the development process across countries, and develop an analytical framework, grounded in economic theory, to better understand these patterns. We will then apply our frameworks combined with rigorous empirical evidence to identify when and how public policies can enable economic growth and development. Topics include economic growth and its proximate determinants; resource misallocation, learning and coordination and their impacts on productivity; the impact of historical forces on the evolution of (political) institutions and the development process; the determinants of and returns to investments in (health and education) human capital; credit markets, savings behavior, and the returns to financial capital; gender; behavioral economics in development; and governance and corruption.