Class History: Economic Development (Summer 2019)

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Course: Economic Development (Summer 2019)

- Regular classes: 10
- Extra classes: 2
- Total classes: 12
- Class time: Thursday 6:15 PM, Room: 602.

Class 1

May 16, Room 602, Time 16:15 - 17:20

The concept of development. Traditional views of development and how it evolved slowly.

Class 2

May 23, Room 602, Time 16:15 - 16:45

(Reduced class length due to central iftar)

Modern definition of development by Amartya Sen. The concept of capabilities.

Class 3

June 13, Room 602, Time 18:20 - 20:35

Definition of development by Amartya Sen. The capability approach by Amartya Sen. Development and happiness. Core values and objectives of development. International organizations that contribute to economic development.

Class 4

June 20, Room 602, Time 18:15 - 20:30

GDP and its calculation. Measurement criteria of GDP. Types of GDP. Inflation and its impact on the economy. Deflation. GNI and GNP. GDP deflator.

Class 5 (Extra)

June 13, Room 602, Time 20:30 - 21:30

Measuring the economic growth using GDP, per capita GDP, and per capita GNI approach.

Midterm Exam

July 4 at 7:00 PM

Syllabus: Chapters 1, 2.

Class 6

July 11, Room 602, Time 18:15 - 20:45

The concept of holistic methods of measuring development. PPP-adjusted income and PPP conversion factors. HDI: concept, history, and calculations. Find out the HDI of Bangladesh based on 2016 data. Growth without development.

Announcement: Class test on the next class. Syllabus; Mathematical problems of Chapter-3.

Class 7

July 18, Room 602, Time 18:30 - 20:40

What is linear models? Two major assumptions of linear models. Harrod-Domar model. Application of Harrod-Domar model.

Class 8

July 25, Room 602, Time 18:35 - 20:40

Implementation of Harrod-Domar model (complex). Limitations of Harrod-Domar model. Historical growth rate. Country-B vs. Country-S: How many years will it take to catch up?

Class 9

August 1, Room 602, Time 18:30 - 20:40

Poverty line and international poverty line. Mathematical problems on poverty line. TPG and APG. FGT0, FGT1, and FGT2. Poorest countries in the world based on headcount index and poverty gap index. Various methods of measuring inequality.

Class 10

August 8, Room 602, Time 18:45 - 20:05

Institutional factors -- what are they? Major institutional factors and their impact on the economy. Regime shift.

MCQ Quiz.

Class 11

August 22, Room 602, Time 18:45 - 20:30

Inequality calculation using Kuznets ratio, Lorenz curve, and Gini coefficient.

Class 12 (Extra)

August 22, Room 602, Time 20:45 - 21:50

Supply and demand of energy: the historical trends. Development in the distant future: colonization of Moon, terraformation of Mars, cloud cities in Venus, and Dyson sphere. Kadrashev scale. Sustainable development goals.

Assignment.

Final Exam

September 5

Syllabus: Chapters 3 - 8.