Summary: Many factors influence economic growth and development. For this topic we will explore the factors that have been key to Singpapore's extaordinary transition from a developing country to one of the richest countries in the world.
Inquiry Question: What are the sources of economic development?
You should have finished reading the article from last class and be ready for a TQE discussion.
TQE Discussion (formative): You will participate in a short small group discussion (TQE) related to the article you were assigned last class.
Lecture: I will lecture using this slide show. Video links.
Watch this video then do these practice questions.
Watch this video then do these practice questions.
Watch this video then do these practice questions.
Watch this video then do these practice questions.
Watch this video then do these practice questions.
Required: None
Optional: Listen to this podcast. Focus on this question as you listen: How does poverty shape individual economic choices?
Abhijit Banerjee of MIT talks with EconTalk host Russ Roberts about Banerjee's book (co-authored with Esther Duflo), Poor Economics. The conversation begins with how randomized control trials (a particular kind of social experiment) have been used to measure the effectiveness of various types of aid to the poor. Banerjee goes on to discuss hunger, health, and education--the challenges in each area and what we have learned about what works and what does not. The conversation closes with a discussion of the role of the labor market in the private sector.