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.

At MIT, this course was team taught by Prof. Robert Townsend, who taught for the first half of the semester, and Prof. Abhijit Banerjee, who taught during the second half. On OCW we are only including materials associated with sessions one through 13, which comprise the first half of the class.

A truly inter-disciplinary course, Housing and Land Use in Rapidly Urbanizing Regions reviews how law, economics, sociology, political science, and planning conceptualize urban land and property rights and uses cases to discuss what these different lenses illuminate and obscure. It also looks at how the social sciences might be informed by how design, cartography, and visual studies conceptualize space's physicality. This year's topics include land trusts for affordable housing, mixed-use in public space, and critical cartography.

During the last fifteen years, nations across the globe embarked on a historic transformation away from centrally planned economies to market-oriented ones. However, in the common pursuit for economic growth, these transition economies implemented widely different reform strategies with mixed results. With over a decade of empirical evidence now available, this new course examines this phenomenon that has pushed the discourse in a number of disciplines, requiring us to reconsider fundamental issues such as: - the proper relationship between business, government, and the public interest; - the possible synergies and tensions between economic growth and equity; and - how economic transition has reshaped cities. The premise of the course is that the primary issue in transition involves institution-building and re-building in different contexts.

Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition.

By the end of this section, you will be able to:

Explain the conditions that have allowed for modern economic growth in the last two centuries
Analyze the influence of public policies on an economy's long-run economic growth