The pervasiveness and the speed of change are increasing in almost every imaginable way, along with their implications. The central prism throughout this course is change: across time, societies, and circumstances. We draw from economics and finance, from other social sciences, and from history. The course focuses on ideas and concepts and not on methods and techniques. Among the topics are the following: (i) An overview of 500 + years of coevolution of finance and economies. (ii) A taxonomy of the sources of massive changes. (iii) Predictability and unpredictability. Fallibilities of forecasters. Incentives of forecasters. Noise. (iv) Wealth of nations. Growth, hyper - growth, and stagnation. Low income traps; middle income traps; other traps. (v) Economic and financial crises. Bubbles and busts. Frameworks for understanding crises. (vi) Demographic and related transitions. Exploding, stagnant and declining populations. (vii) Some classical perspectives on change; for example, Braudel, Kuznets, Marx, Polanyi, and Schumpeter.
We are no longer admitting high school students to the 2018 Summer Session. Visiting undergraduate students are welcome to apply.
Mon Wed Fri