MIT 14.772 Development Economics: Macroeconomics, Spring 2013 View the complete course: http://ocw.mit.edu/14-772S13 Instructor: Robert Townsend In this lecture, Prof. Townsend explains the methods of measurement in the field of development economics. Chapters 0:00:00 Title slates 0:00:26 Introduction to lecture 0:05:02 Overview of measurement in economics 0:13:22 Household financial accounts 0:18:31 Example of a typical household’s balance sheet 0:36:15 Cash management example 0:50:10 Example of application: productivity and net worth correlation 0:58:10 Village product accounts 1:03:10 Village saving and investment accounts 1:07:30 Village balance of payments 1:15:22 Village flow of funds License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu/