Class History: Economic Development (Spring 2020)

Course: Economic Development (Spring 2020)

A brief description of all the classes of the above-mentioned course are given on this page. Can you remember in which of these classes you were present?

Summary of classes

Details of classes

Video recordings of most of the online classes are available.

Class 1

January 28, Room 901, Time 12:30 - 13:30

Overview of the course and topics to be discussed.

Class 2

February 4, Room 901, Time 12:50 - 14:05

Traditional views of development. Definition of development based on Amartya Sen’s Capability approach.

Class 3

February 6, Room 901, Time 12:45 - 14:00

Development defined. What is “Capabilities”? Amartya Sen’s Capability approach. Development and happiness -- overview of the research findings of Layard.

Class 4

February 11, Room 901, Time 12:45 - 13:55

Core values and objectives of development. World Bank and IMF.

Announcement 1: Class will start at 12:00 PM from the next class onwards.

Announcement 2: No class on next Thursday.

Class 5

February 18, Room 901, Time 12:20 - 13:50

OECD. What is GDP? Calculation procedure of GDP. Nominal vs. Real vs. Per capita GDP.

Announcement: Class test in the next class.

Class 6

February 20, Room 901, Time 12:00 - 14:00

Real vs. per capita GDP: the impact of population growth. Inflation and calculation methods: GDP deflator vs. CPI. GDP deflator (math). Calculate inflation from GDP deflator and CPI (math). Inflation and price level (math). Impact of inflation, unemployment, and GDP growth on the economy (math).

Class test 1.

Class 7

February 20, Room 901, Time 12:00 - 14:00

The impact of deflation in the economy. Differences among GDP, GNP, and GNI. Measuring economic growth from real GDP. Measuring economic growth of the country in a regime using GDP growth approach.

Class 8 (Extra)

February 20, Room 901, Time 15:50 - 16:45

Measuring economic growth of the country in a regime using per capita GDP and per capita GNI approach.

Midterm Exam

Date: 2020-03-05

Time: 17:00, Room: in 601

Class 9

March 12, Room 901, Time 12:30 - 13:30

Various ways of measuring development. The PPP-adjusted USD income.

Class 10

April 7, Time 13:30 - 14:45, Room: Online (via Google Meet)

Chapter 3 topics A and B completed (including math).

Class 11

April 7, Time 13:00 - 15:00, Room: Online (via Google Meet)

Chapter 3: Topics C, D (except interpretation)

Class 12

April 12, Time 15:00 - 17:00, Room: Online (via Google Meet)

Chapter 3: Topics C (remaining part), D, and E completed.

Assignment 1 -- explained in detail.

Class 13

April 16, Time 15:15 - 16:00, Room: Online (via Google Meet)

Linear models and their assumptions. A brief overview of the Harrod-Domar model (Chapter 4 (Part 1): Topic A).

Class 14

April 21, Time 15:00 - 16:25, Room: Online (via Google Meet)

Chapter 4: Topics B, C-1, C-2.

Homework: Reading C-3

Class 15

April 23, Time 15:30 - 16:00, Room: Online (via Google Meet)

Chapter 4 (Part 1): Topic C-3 (partial)

Class 16

April 30, Time 13:10 - 14:10, Room: Online (via Google Meet)

Chapter 4 (Part 1): Topic D.

Class 17

May 5, Time 13:15 - 14:45, Room: Online (via Google Meet)

Chapter 6 (part 1): Topics A to C.

Review of the final exam question format.

Class 18

May 12, Time 13:15 - 15:15, Room: Online (via Google Meet)

Chapter 7 (part 1): Topics A, B.

Final review on the final exam question format, including presentation and viva.

Final Exam

May 20 at 10:30 AM

Room: Online (via Google Meet)

Supplementary Exams

Midterm: June 14 at 5:00 PM

Final: June 14 at 6:00 PM