University of Exeter (UOEX) • Economics

Part 4 of 4 - Ethics of the financial crisis Greed Prospect theory Self-serving bias Self-deception Ethical fading Acts of omission Ethical numbing Working with money makes you vulnerable Banking fraud How to improve ethics Banking reforms Can the Global Financial Crisis be prevented in the future

Part 1 of 4 - Why bubbles occur explained using behavioural economics - Globalisation - capitalism - Economic Crisis or Crisis of Economics? Different narratives - Sovereign Debt Crisis versus a Private Sector debt crisis - One of the catalysts of the recent crisis: US Housing market - US Debt Explosion US housing bubble and sub-prime - Growth of sub-prime - Focus of growth in economically depressed areas - NINJA, Piggyback and ARMS - How do you define a “bubble” Introduction to behavio...

Types of corruption factors that facilitate corruption effects of corruption on growth and broader development political lending in Pakistan Summary statistics Reinikka and svensson 2004 schools and education in Uganda

Health and education - motivation - world development report 2004 - clinical interactions - remedying education - peer effects, teacher incentives and impact of tracking - mosquito/bed nets study Gender inequality - intro - education and health - employment - gender based violence - early marriage and violence in India - Power within marriage - freedom of choice - reasons for gender gap- empowerment leading to economic development - women as decision makers - policies - role of institutions and...

Intro to topic Social capital Microfinance Solving adverse selection Solving moral hazard Solving enforcement - Beasley-Coate Does Microfinance work? Joint liability Group lending Digital money M-Pesa

Credit in Nepal - Besley et al 2001 The theory Stylized facts Banerjee and Duflo Macro-level evidence of transaction costs Enforcement problems Moral Hazards Possible policies Rajan and Zingales 1998 Other issues with credit

Introduction to development economics Part 1 - the facts World bank development report Banerjee and Duflo 2007 (in great detail) Part 2- Determinism and History Institutions and Scope for action, Under the thumb of history? Banerjee and Duflo (2013) Economic determinism Cultural determinism No determinism Random events matter Acemoglu – Johnson – Robinson (2001, 2002) García – Jiménez – Robinson – Torvik McCloskey’s Ethics, Talk and Ideas