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 discusses insurance as it relates to financial access and targeting to risk instruments. Chapters 0:00:00 Title slates 0:00:27 Introduction to lecture 0:02:15 Introduction to risk-sharing 0:03:55 Optimal risk-sharing 0:11:50 Risk-sharing charts from Townsend (1994) 0:27:30 Evidence of risk-sharing in India 0:53:25 Interventions don't necessarily improve welfare 1:00:15 Measuring the welfare cost of aggregate risk 1:22:33 Designing RCTs with theory/model in mind License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu/