Development Economics

NYU Econ UA-323 (010), Fall 2026
194 Mercer Street, Room 304, T-Th 09.30-10.45 am

Debraj Ray, Room 608, 18 West 4th Street
debraj.ray@nyu.edu, Office Hours M2.30-5.00pm, preferably by appointment; please email me in advance

Course Assistant: Rishabh Malhotra developmenteconfall26@gmail.com
Office hours: Th 2:45pm-4.30pm, 19 West 4th Street Room 716.

This timetable is only meant to be illustrative. Some of the material might come earlier or get pushed back.

September 03: Development Facts

September 08: Growth: The Basic Models

September 10: Growth: Convergence and Divergence

September 15: Growth: Convergence and Divergence

September 17: Structural Transformation: Lewis and Kuznets

September 22: Structural Transformation: Kalecki-Rao

September 24: Structural Transformation: Harris-Todaro

September 29: Development Traps: Self-Fulfilling Prophecies and History-Dependence

October 01: Development Traps: Self-Fulfilling Prophecies and History-Dependence

October 06: Examination 1

October 08: Development Traps: Self-Fulfilling Prophecies and History-Dependence

October 13: Inequality Measurement

October 15: Inequality and Development

October 20: Inequality and Development

October 22: Inequality and Development

October 27: Demography

October 29: Markets: Adverse Selection and Moral Hazard

November 03: Credit Markets

November 05: Examination 2

November 10: Credit Markets

November 12: Credit Markets

November 17: Labor Markets

November 19: Labor Markets

November 24: Land Markets

November 26: No class (Thanksgiving Recess)

December 01: Land Markets

December 03: Spare class (Conflict?)

December 08: Spare class (Conflict?)

December 10: Examination 3