Course Detail

The Wealth of Nations (33520)

Course Description by Faculty

  • Hsieh, Chang-Tai
  • Content
    Why is the United States the wealthiest country in the world? How can we understand the emergence of China and India in the last two decades? What explains growth disasters of countries such as Venezuela and Sub-Saharan Africa? Why has Brazil not emerged as a growth miracle despite its enormous potential? This class will develop quantitative analytical frameworks and use case studies to examine the role of institutional factors such as financial markets, labor market regulations, tax policy, and urban policy in understanding the performance of firms in emerging markets vs wealthy countries. We will examine the elements of successful and disastrous growth strategies in selected emerging markets. When relevant, we will examine challenges in emerging markets due to COVID.
    • Lectures

    • Discussion

    • Case Studies

  • Prerequisites
    Business 33001 recommended, but not required.
  • Materials
    • Canvas Site Available

  • Grades
    No auditors.
    • Graded homework assignments

    • Graded attendance/participation

    Assessment & Testing
    • Quizzes

    • Midterm

    • Final exam (in class)

    • No auditors

  • Syllabus
  • Winter 2022Section: 33520-01M 1:30PM-4:30PMHarper CenterC03In-Person Only
  • Winter 2022Section: 33520-81T 6:00PM-9:00PMGleacher Center206In-Person Only
  • Winter 2022Section: 33520-85S 1:30PM-4:30PMGleacher Center206Dual Modality
    Faculty In-Person
Description and/or course criteria last updated: January 14 2022