Prof. Michael Kremer
Prof. Robert Townsend
This course emphasizes dynamic models of growth and development. Topics covered include: migration, modernization, and technological change; static and dynamic models of political economy; the dynamics of income distribution and institutional change; firm structure in developing countries; development, transparency, and functioning of financial markets; privatization; and, banks and credit market institutions in emerging markets.
This course contributes to the fulfillment of requirements for the Development field for Economics Ph.D. students at both Harvard and MIT. This course is jointly taught by Harvard and MIT instructors. The Harvard course is Economics 2390c Development Economics II: Macroeconomic Issues.