Course Detail (Course Description By Faculty)

The Wealth of Nations (33520)

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.
Business 33001 recommended, but not required.
No auditors.
  • Allow Provisional Grades (For joint degree and non-Booth students only)
  • Early Final Grades (For joint degree and non-Booth students only)
  • No auditors
Description and/or course criteria last updated: January 22 2024
SCHEDULE
  • Spring 2024
    Section: 33520-01
    T 3:00 PM-6:00 PM
    Harper Center
    C03
    In-Person Only
  • Spring 2024
    Section: 33520-81
    M 6:00 PM-9:00 PM
    Gleacher Center
    306
    In-Person Only
  • Spring 2024
    Section: 33520-85
    S 1:30 PM-4:30 PM
    Building: TBD
    Location: TBD
    Remote-Only

The Wealth of Nations (33520) - Hsieh, Chang-Tai>>

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.
Business 33001 recommended, but not required.
No auditors.
  • Allow Provisional Grades (For joint degree and non-Booth students only)
  • Early Final Grades (For joint degree and non-Booth students only)
  • No auditors
Description and/or course criteria last updated: January 22 2024
SCHEDULE
  • Spring 2024
    Section: 33520-01
    T 3:00 PM-6:00 PM
    Harper Center
    C03
    In-Person Only
  • Spring 2024
    Section: 33520-81
    M 6:00 PM-9:00 PM
    Gleacher Center
    306
    In-Person Only
  • Spring 2024
    Section: 33520-85
    S 1:30 PM-4:30 PM
    Building: TBD
    Location: TBD
    Remote-Only