Credit can be a powerful tool in your financial toolbox if you …
Credit can be a powerful tool in your financial toolbox if you understand how to use it wisely. In this course, you'll learn about different types of credit and the costs associated with using credit. You'll learn the importance of building strong credit by borrowing wisely and paying promptly, arranging credit for making major purchases like a car or home, avoiding common credit mistakes, and monitoring your own credit. You'll also learn about credit reports, your credit score, and steps you can—and should—take to build your own credit cred!
In the trilogy of D-Lab courses, D-Lab: Dissemination focuses on disseminating innovations …
In the trilogy of D-Lab courses, D-Lab: Dissemination focuses on disseminating innovations among underserved communities, especially in developing countries. Students acquire skills related to building partnerships and piloting, financing, implementing, and scaling-up a selected innovation for the common good. The course is structured around MIT and outside competitions. Teams develop an idea, project or (social) business plan that is "ready to roll" by term's end. Course includes an on-line forum discussion board, student-led case studies and a final proposal or business plan for realizing your dream innovation.
D-Lab Development addresses issues of technological improvements at the micro level for …
D-Lab Development addresses issues of technological improvements at the micro level for developing countries—in particular, how the quality of life of low-income households can be improved by adaptation of low cost and sustainable technologies. Discussion of development issues as well as project implementation challenges are addressed through lectures, case studies, guest speakers and laboratory exercises. Students form project teams to partner with mostly local level organizations in developing countries, and formulate plans for an IAP site visit. (Previous field sites include Ghana, Brazil, Honduras and India.) Project team meetings focus on developing specific projects and include cultural, social, political, environmental and economic overviews of the countries and localities to be visited as well as an introduction to the local languages.
D-Lab: Design addresses problems faced by undeserved communities with a focus on …
D-Lab: Design addresses problems faced by undeserved communities with a focus on design, experimentation, and prototyping processes. Particular attention is placed on constraints faced when designing for developing countries. Multidisciplinary teams work on semester-long projects in collaboration with community partners, field practitioners, and experts in relevant fields. Topics covered include design for affordability, design for manufacture, sustainability, and strategies for working effectively with community partners and customers. Students may continue projects begun in EC.701J D-Lab I: Development.
This course introduces methods for harnessing data to answer questions of cultural, …
This course introduces methods for harnessing data to answer questions of cultural, social, economic, and policy interest. We will start with essential notions of probability and statistics. We will proceed to cover techniques in modern data analysis: regression and econometrics, design of experiments, randomized control trials (and A/B testing), machine learning, and data visualization. We will illustrate these concepts with applications drawn from real-world examples and frontier research. Finally, we will provide instruction on the use of the statistical package R, and opportunities for students to perform self-directed empirical analyses. MITx Online This course draws materials from 14.310x Data Analysis for Social Scientists, which is part of the MicroMasters Program in Data, Economics, and Design of Policy offered by MITx Online. The MITx Online course is entirely free to audit, though learners have the option to pay a fee, which is based on the learner’s ability to pay, to take the proctored exam and earn a course certificate. To access that course, create an MITx Online account and enroll in the course 14.310x Data Analysis for Social Scientists.
A number of successful applications have been reported in areas such as …
A number of successful applications have been reported in areas such as credit rating, fraud detection, database marketing, customer relationship management, and stock market investments. This course will examine methods that have emerged from both fields and proven to be of value in recognizing patterns and making predictions from an applications perspective. We will survey applications and provide an opportunity for hands-on experimentation with algorithms for data mining using easy-to- use software and cases.
This course provides rigorous introduction to core microeconomic issues in economic development, …
This course provides rigorous introduction to core microeconomic issues in economic development, focusing on both key theoretical contributions and empirical applications to understand both why some countries are poor and on how markets function differently in poor economies. Topics include human capital (education and health); labor markets; credit markets; land markets; firms; and the role of the public sector.
Why are some countries rich and others poor? This fundamental question has …
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.
This course emphasizes dynamic models of growth and development. Topics covered include: …
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.
Short Description: The Local Development and Local Opportunities book is one of …
Short Description: The Local Development and Local Opportunities book is one of the first of its kind, in particular in the context of development of the small Anatolian cities. The book, on one hand, discusses opportunities offered by the small Anatolian cities; and on the other hand, shares new proposals for potential development programs.
Long Description: The Local Development and Local Opportunities book is one of the first of its kind, in particular in the context of development of the small Anatolian cities. The book, on one hand, discusses opportunities offered by the small Anatolian cities; and on the other hand, shares new proposals for potential development programs. The book, as the last in a series of new academic activities between 2016-2018, is related to development concerns in a self-organized small city in the Eastern Anatolia.
Word Count: 4270
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This class surveys developmental entrepreneurship via case examples of both successful and …
This class surveys developmental entrepreneurship via case examples of both successful and failed businesses and generally grapples with deploying and diffusing products and services through entrepreneurial action. By drawing on live and historical cases, especially from South Asia, Africa, Latin America as well as Eastern Europe, China, and other developing regions, we seek to cover the broad spectrum of challenges and opportunities facing developmental entrepreneurs. Finally, we explore a range of established and emerging business models as well as new business opportunities enabled by developmental technologies developed in MIT labs and beyond.
The unifying theme of this course is best captured by the title …
The unifying theme of this course is best captured by the title of our main reference book: "Recursive Methods in Economic Dynamics". We start by covering deterministic and stochastic dynamic optimization using dynamic programming analysis. We then study the properties of the resulting dynamic systems. Finally, we will go over a recursive method for repeated games that has proven useful in contract theory and macroeconomics. We shall stress applications and examples of all these techniques throughout the course.
This course focuses on dynamic optimization methods, both in discrete and in …
This course focuses on dynamic optimization methods, both in discrete and in continuous time. We approach these problems from a dynamic programming and optimal control perspective. We also study the dynamic systems that come from the solutions to these problems. The course will illustrate how these techniques are useful in various applications, drawing on many economic examples. However, the focus will remain on gaining a general command of the tools so that they can be applied later in other classes.
This course introduces the theory of relative prices in a market system, …
This course introduces the theory of relative prices in a market system, consumer choice, marginal analysis, and the allocation of productive resources among alternative uses in a market economy. Other topics may include market power and price discrimination, public finance, the labor market and environmental policy.
Course Outcomes: 1. Discuss the role scarcity plays in defining economic choices and how individuals, companies and nations resolve these issues. 2. Describe and apply marginal principle, principle of opportunity cost, principle of diminishing returns, comparative advantage, and elasticity. 3. Analyze the relationships between production costs and cost curves. 4. Explain the mechanics of supply and demand and apply the supply and demand model to evaluate markets. 5. Discuss the efficiency and equity of both competitive and noncompetitive markets and how both are impacted by government intervention. 6. Explain, compare and contrast, and apply in context each of the basic market structures - i.e. perfect competition, monopoly, oligopoly and monopolistic competition.
This course introduces the determination of levels of national income, employment and …
This course introduces the determination of levels of national income, employment and prices, and the basic causes of fluctuations in the business cycle, the banking system, monetary policy and financial intermediation. Other topics may include international trade and international finance.
Course Outcomes: 1. Discuss the role scarcity plays in defining economic choices and how individuals, companies and nations resolve these issues. 2. Describe and use economic data to evaluate the three basic macroeconomic problems: recession, unemployment, and inflation. 3. Discuss and apply the concepts of economic growth and business cycles to the macro economy. 4. Demonstrate how Gross Domestic Product (GDP) and Real GDP are calculated and explain the uses and limits of both. 5. Discuss and apply the aggregate-demand and aggregate-supply model to analyze short run and long run national economic conditions and the effectiveness of macroeconomic policy. 6. Apply the concepts of comparative and absolute advantage to explain the benefits of trade.
Application of economic theories to various aspects of professional and collegiate sports. …
Application of economic theories to various aspects of professional and collegiate sports. Topics covered include the economic impact of sports on a local community, wage discrimination, the economics of publicly and privately funded stadiums, alumni giving, academics, broadcasting, and building a fan base.
Covers the study of the economic system as a whole, including the …
Covers the study of the economic system as a whole, including the level of employment and diversity in income, fiscal and monetary policies, and the role of government in the economy. Also covers the economics of resource issues related to market failure and sustainability.
Covers the study of economic elements of supply and demand analysis. Also …
Covers the study of economic elements of supply and demand analysis. Also covers an examination of market structures, market allocation and externalities, labor markets and income distribution, and decision making by the individual firm.
In our european project “Circular Economy as a tool to develop an …
In our european project “Circular Economy as a tool to develop an innovative eco-inclusive social entrepreneurship educational pattern for youth" cofunded by Erasmus+, the partnership developed a competency framework and report combining data and information from 6 partner countries, designed to inform Young people and Youth workers interested in Social Entrepreneurship through Circular Economy, including 7 key competences to embark on a Social Entrepreneurship endeavour through Circular Economy models.
All languages versions are available and downloable here: https://ecocircleproject.com/results/
We are now developping a course on circular economy that you will find very soon online!
The partnership is composed by: - CDE Petra Patrimonia - APS Polygonal - Smartup N.B. Systematic Management S.L. - MEUSkills - Stichting Social DNA - Olemisen Balanssia RY - Mednarodni institut za implementacijo trajnostnega razvoja
This course will provide you with a basic understanding of the principles …
This course will provide you with a basic understanding of the principles of microeconomics. At its core, the study of economics deals with the choices and decisions we make to manage the scarce resources available to us. Microeconomics is the branch of economics that pertains to decisions made at the individual level, such as the choices individual consumers and companies make after evaluating resources, costs, and tradeoffs.
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