Econ 133: Global Inequality and Growth

This course provides an introduction to the analysis of economic inequalities and the interplay between inequality and economic growth. It deals with three sets of core questions: 1) How does inequality vary across countries and evolve over the path of development? 2) What are the theories that can explain the degree of economic inequalities and its dynamic? 3) How do policies affect inequalities, and what types of policies can foster equitable growth?

Spring 2021 Syllabus: here

Course material (including exams, solutions, grade statistics) for previous year available here.

Part I: Core concepts
Lecture 1: Introduction
Lecture 2: What is income?
Lecture 3: What is capital?
Lecture 4: Inequality between labor and capital
Lecture 5: Inequality between individuals

Part II: Global growth and its distribution
Lecture 6: Trends in inequality within countries
Lecture 7: The United States in international perspective
Lecture 8: Pre-tax vs. post-tax inequality [merged with lecture 7]
Lecture 9: Trends in inequality between countries
Lecture 10: Global income inequality dynamics

Part III: Labor income inequality
Lecture 11: Labor income inequality: the role of market forces
Lecture 12: Labor income inequality: the role of institutions
Lecture 13: Gender inequality in the labor market
Lecture 14: Racial economic disparities

Midterm: March 2. Solutions

Part IV: Capital inequality
Lecture 15: Private and public capital
Lecture 16: Global wealth inequality
Lecture 17: Models of the wealth distribution
Lecture 18: r>g
Lecture 19: Inherited versus self-made wealth

Part V: Regulating inequality
Lecture 20: Optimal labor income taxation
Lecture 21: Optimal capital taxation
Lecture 22: Taxation in a globalized world

Final exam: May 14. Solutions.

Grade distribution.