Agricultural and Applied Economics
 
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Graduate Economic Development

AAE 730

Professor Laura Schechter


This class is one of two graduate level courses on microeconomics in development. It complements the other one, AAE 732, taught by Michael Carter. We will begin by looking at issues in the measurement of poverty, inequality, and vulnerability. These concepts are, arguably, the basis of all development economics and so deserve proper attention.

After that we will move on to look at social interactions. We will begin with risk sharing agreements, both with and without commitment. We will continue on to social networks. We will study how networks are used to share risk, find jobs, and learn about new technologies. In terms of technology adoption, we will study both the more traditional literature on technology adoption and the newer literature which incorporates social networks.

From there we will move on to study education, institutions, and corruption. In the education section there will be a detour related to impact analysis. These sections will study both the macro cross-country literature on these topics, and the micro within-country literature on these topics. We will conclude with a section on psychology and experiments in development economics.