Overview

Explore a fundamental question in economics that has a tremendous impact on the lives of billions of people. How can a nation create the conditions for economic growth and prosperity? Discover the answers in these 24 lectures that guide you through a stimulating examination of what economists know—and don’t know—about the elusive quest for economic prosperity.

Course Number

Course No. 5574

Introduction

Learn how diverse countries like the United States and Vietnam have grown their economies, how China and India have recovered from economic setbacks, and why effective economic policies must productively alter human behavior for overall benefit.

Video Lectures

1. From Free Markets to State Economies
   • Explore various approaches to managing economies and promoting better living standards.
   • Duration: 31 min

2. A Brief History of Economic Growth
   • Understand patterns of world and national growth with insights from Angus Maddison’s work.
   • Duration: 30 min

3. Economic Growth and Human Behavior
   • Focus on microeconomics and how policies influence individual decisions for generating economic value.
   • Duration: 30 min

4. The Birth of the Western Free Market
   • Discover how the Industrial Revolution and Adam Smith’s writings shaped modern economics.
   • Duration: 31 min

• American Economic Strategies
  • Examine the U.S. mixed approach to market strategies and its implications for future growth.
  • Duration: 33 min

6. America and Europe-Divergent Approaches
   • Analyze the contrasting economic strategies of the U.S. and Western Europe post-World War II.
   • Duration: 29 min

• State-Led Theories of Economic Growth
  • Explore state-led growth in economies like Japan and China, with lessons from the “Japanese miracle.”
  • Duration: 30 min

8. The Secrets of Rapid Growth in Tiger Economies
   • Learn about the strategies behind the rapid growth of South Korea, Hong Kong, Singapore, and Taiwan.
   • Duration: 27 min

• Lessons and Limits of Japan’s Economic Model
  • Investigate the reasons behind Japan’s prolonged economic recession.
  • Duration: 31 min

• From Closed to Open Economies
  • Analyze how India and China initiated their rapid economic growth.
  • Duration: 29 min

11. How Can We Manage Global Growth?
    • Examine the necessity of managing global growth to prevent imbalances.
    • Duration: 29 min

12. China’s Policies and the World Economy
    • Discover how China’s growth since 1978 has affected the global economic landscape.
    • Duration: 29 min

• Merging the Theories of East and West
  • Explore how India and Vietnam merged Eastern and Western theories for rapid growth.
  • Duration: 32 min

• Lessons about Economic Success
  • Synthesize key lessons regarding the roots of economic success and sustainability.
  • Duration: 33 min

• The Roots of Economic Failure
  • Investigate the factors leading to economic failures and the lessons they impart.
  • Duration: 31 min

• Politics, Statecraft, and the Fate of Economies
  • Understand the profound impact of politics on economic outcomes.
  • Duration: 30 min

17. Corruption and Its Impact on Growth
    • Gain insights into how corruption affects economic development across nations.
    • Duration: 29 min

• Informal, Inefficient Markets
  • Learn about the implications of informal markets on productivity and growth.
  • Duration: 28 min

19. Technology and the Instant Economy
    • Explore how technology has transformed trade and labor markets, bringing both opportunities and vulnerabilities.
    • Duration: 30 min

20. Possible Strains on Global Economic Growth
    • Analyze the potential exhaustion of natural resources and its impact on growth.
    • Duration: 33 min

21. Latin America-Moving Away from Free Markets
    • Examine the shift in economic strategies in Latin America away from free-market approaches.
    • Duration: 31 min

• Financial Crises and Economic Theory
  • Reflect on the implications of the 2008-2009 economic crisis for current economic theories.
  • Duration: 30 min

• The Multipolar Economic World
  • Analyze the emerging shift toward a multipolar global economy.
  • Duration: 31 min

24. Driving Forces, Emerging Trends
    • Gather insights on the driving forces of economic growth and future challenges.
    • Duration: 30 min