Lecture 5: Measurement in Development

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Description: In this lecture, Prof. Townsend explains the methods of measurement in the field of development economics.

Instructor: Prof. Robert M. Townsend

Video Index

  • Introduction to lecture
  • Overview of measurement in economics
  • Household financial accounts
  • Example of a typical household’s balance sheet
  • Cash management example
  • Example of application: productivity and net worth correlation
  • Village product accounts
  • Village saving and investment accounts
  • Village balance of payments
  • Village flow of funds

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