15.012 Applied Macro- and International Economics uses case studies to investigate the macroeconomic environment in which firms operate. The first half of the course develops the basic tools of macroeconomic management: monetary, fiscal, and exchange rate policy. The class discusses recent emerging market and financial crises by examining their causes and considering how best to address them and prevent them from recurring in the future. The second half evaluates different strategies of economic development. Topics covered in the second half of this course include growth, the role of debt and foreign aid, and the reliance on natural resources.

In 1803, the United States purchased the Louisiana Territory—800,000 square miles of land in the interior of North America. Most of this land had not been previously explored or documented. President Thomas Jefferson chose Meriwether Lewis and William Clark to lead an ambitious military expedition, seeking a northwestern passage to the Pacific Ocean and to document their journey in this unknown territory. Starting in what is now Missouri, the expedition followed the Missouri River and passed through present-day Montana on its way to the Pacific. The explorers commented on the beauty of the landscape and the abundance of animals, and their descriptions attracted fur traders and others ready to take advantage of the region's abundant natural resources. The discovery of gold in 1862 brought in the first rush of people and subsequent mining forever changed the region. The mining industry demanded support in the form of towns, railroads, logging, ranching, and farming. These industries shaped Montana and the people who settled there. This exhibition explores the industries that brought settlers to Montana from the early days to the 1920s. Each industry had its own “boom and bust” cycle that impacted the residents and the future of the state. This exhibition was created as part of the DPLA’s Public Library Partnerships Project by collaborators from Montana Memory Project: Jennifer Birnel, Della Yeager, Cody Allen, Dale Alger, Caroline Campbell, Carly Delsigne, Pam Henley, Stef Johnson, Lisa Mecklenberg-Jackson, Laura Tretter, and Franky Abbott. Exhibition organizers: Jennifer Birnel and Franky Abbott.

In recent years both scholars and policymakers have expressed a remarkable amount of interest in the concepts of social capital and civil society. A growing body of research suggests that the social networks, community norms, and associational activities signified by these concepts can have important effects on social welfare, political stability, economic development, and governmental performance. This discussion based course examines the roles played by these networks, norms, and organizations in outcomes ranging from local public goods provision and the performance of democracies to ethnic conflict and funding for terrorism.

This course will examine literature and practice regarding community-owned enterprise as an alternative means of increasing community participation and development. The use of cooperatives, credit unions, land trusts, and limited stock ownership enterprises for increasing community participation and empowerment will be examined.

Central to our era is the gradual movement of all the world's regions toward a uniform standard of economic and political development. In this class we will read a variety of recent narratives that partake of, dissent from, or contribute to this story, ranging from novels and poems to World Bank and IMF statements and National Geographic reports. We will seek to understand the many motives and voices – sometimes congruent, sometimes clashing – that are currently engaged in producing accounts of people in the developing world: their hardships, laughter, and courage, and how they help themselves and are helped by outsiders who may or may not have philanthropic motives. Readings will include literature by J. G. Ballard, Jamaica Kincaid, Rohinton Mistry, and John le Carré, as well as policy documents, newspaper and magazine articles, and the Web sites of a variety of trade and development commissions and organizations.

Why are some countries rich and others poor? This fundamental question has been on the mind of economists since Adam Smith wrote "The Wealth of Nations" in 1776. This is a full course that covers all the major issues and developments in the field of development economics. Unlike typical college courses, we will take you to the frontier of the discipline, covering recent research as well as more established material. This course is non-technical and is accessible to a beginner. If you pass the final exam, you will earn our "Development Economics" certificate on your profile.

Most people are interested in seeing workers earn a decent wage. But how does that happen? Is forcing employers to be more generous the key to rising standards of living? To find out how to raise livng standards, this video looks at big differences in wages: from 100 years ago to today; and between poor countries and the US. Through these examples, economists identify productivity and output as the key to increasing living standards.

The Economy is a course in economics. Throughout, we start with a question or a problem about the economy—why the advent of capitalism is associated with a sharp increase in average living standards, for example—and then teach the tools of economics that contribute to an answer.

This course examines opportunities and problems for entrepreneurs globally, including Europe, Latin America, and Asia. Linkages between the business environment, the institutional framework, and new venture creation are covered with a special focus on blockchain technology. In addition to discussing a range of global entrepreneurial situations, student groups pick one particular cluster on which to focus and to understand what further development would entail. Classroom interactions are based primarily on case studies.

This course explores equity as a key value, measure, and framework for operationalizing local economic development plans and policies. It examines the implementation of local policy initiatives for equity in U.S. cities and investigates a wide range of contemporary theory and practice in the field of urban economic development, from contracting and municipal procurement to arts and culture-driven approaches.

The purpose of this seminar is to provide a context for understanding the challenges of urban food provisioning from a perspective of sustainability and social inclusion in cities of the global South. The seminar will be specifically geared towards preparing students for direct participation in urban markets and food policy project intervention in Cartagena, Colombia. 
To learn more about the Cartagena Practicum, visit the class website.

This course focuses on the tools and programs available to economic development practitioners to address capital needs for businesses and economic development projects. It provides an overview of private capital markets and financing sources to understand capital market imperfections that constrain economic development, business accounting, financial statement analysis, federal economic development programs, and public finance tools. The course covers policies and program models, including revolving loan funds, guarantee programs, venture capital funds, bank holding companies, community development loan funds and credit unions, micro-enterprise funds, and the Community Reinvestment Act. The objective of this course is to provide students with a comprehensive overview of economic development finance practice in the United States, and to develop a knowledge base and skills to either be a development finance practitioner, or apply economic development finance approaches to other fields of planning and community development.

This practicum focuses on applying the principles of sustainability to improve the quality of life and activity along the Foshan downtown riverfront. The City has recently engaged in several planning efforts that, with the help of consultants and experts, will help to identify strategies to revitalize the City's center and establish a new downtown. This practicum will compliment these efforts by focusing on planning and design options in and around the Pearl River, a now underutilized waterway that runs through the City's new downtown.

Sustainability denotes one of the main future challenges of societies and the global community. Issues of sustainability range from energy and natural resources to biodiversity loss and global climate change. Properly dealing with these issues will be crucial to future societal and economic development. This course provides the theoretical background for the discussion and analysis of sustainability issues. Students will recognize specific sustainability issues, such as sustainable energy, as part of a more complex challenge of developing sustainable societies and systems, and against the background of the general meaning and implications of the conception of sustainability.

The studio will focus on the district of Gaoming, located in the northwest of the Pearl River Delta (PRD) - the fastest growing and most productive region of China. The District has recently completed a planning effort in which several design institutes and a Hong Kong planning firm prepared ideas for a new central area near the river. The class will complement these efforts by focusing on planning and design options on the waterfront of the proposed new district and ways of integrating water/hydrological factors into all aspects and land uses of a modern city (residential, commercial, industrial) - including watershed and natural ecosystem protection, economic and recreational activities, transportation, and tourism.

Today, over 115 million children have never set foot inside a school. The fact is that for children living in developing countries, the dream of a first day of school is yet to be realized. The daily realities of poverty, political instability, regional conflict, geography, and cultural or traditional values all play a role to varying degrees -- and the issue of gender disparity makes this fact even more staggering. Full and equal access to education (Article 26) as outlined in the 'Universal Declaration of Human Rights' and 'The Convention on the Rights of the Child' (Articles 2,3,28, and 29), has clearly been out of the reach of poor children -- and even more so in the case of girls. Nearly two-thirds of children who are denied a primary education are girls. In the least developed countries, nearly twice as many adult women than men are illiterate. (Source: UNFPA http://www.unfpa.org/icpd/10/icpd_ed.htm) If you happen to be a female, you are less likely to have access to a quality primary education and beyond -- contributing to the feminization of global poverty. Yet, there is hope despite this current state of affairs. 189 nations have pledged to meet 8 major Millennium Development Goals (MDGs) by 2015. In doing so, nations hope to improve the social and economic development of all peoples. Included in these goals are those that address education and gender disparity: MDG 2: Achieve universal and primary education. MDG 3: Promote gender equality and empower women. Through the activities outlined in this lesson, students will become familiar with the current barriers standing in the way of educational opportunity -- especially for girls. They will watch clips from the WIDE ANGLE film 'Time for School' (2003) to understand the sense of urgency surrounding this issue, the potential benefits that can result from educating girls, and the ways that local communities are trying to address these problems. Note: This lesson focuses on MDG 2 and MDG 3. An introduction to the overall goals of the Millennium Project should be presented prior to this particular lesson.

This seminar will explore the difficulties of getting agreement on global definitions of sustainability; in particularly building international support for efforts to combat climate change created by greenhouse gas emissions as well as other international resource management efforts. We will focus on possible changes in the way global environmental agreements are formulated and implemented, especially on ways of shifting from the current "pollution control" approach to combating climate change to a more comprehensive strategy for taking advantage of sustainable development opportunities.

This course examines why democracy emerges and survives in some countries rather than in others; how political institutions affect economic development; and how American politics compares to that of other countries. It reviews economic, cultural, and institutional explanations for political outcomes. It also includes case studies of politics in several countries. Assignments include several papers of varying lengths and extensive structured and unstructured class participation.

As an introduction to the field of Housing, Community, and Economic Development (HCED), the course is structured to:

Advance student's understanding of how public policy and private markets affect housing, economic development, the local economy, and neighborhood institutions;

Provide an overview of techniques for framing public and private interventions to meet housing and community development agendas, broadly defined, of inner city and low income neighborhoods;

Review and critique specific programs, policies and strategies that are (and have been) directed at local development and neighborhood regeneration issues;

Give students an opportunity to reflect on their personal sense of the "housing, community, and economic development" process and the various roles that planners play in implementing the elements of that agenda.

This course provides students with a critical introduction to: social and economic inequality in America; equitable development as a response framework for planners; social capital and community building as planning concepts; and the history, development, and current prospects of the fields of housing (with an emphasis on affordability and inclusion) and local economic development.