14.771 Development Economics (Fall 2021, MIT OCW). Instructors: Prof. Esther Duflo and Prof. Benjamin Olken. This course is aimed at Ph.D. students in economics. It provides a rigorous introduction to core microeconomic issues in economic development, focusing on both key theoretical contributions and empirical applications to understand both why some countries are poor and on how markets function differently in poor economies. Topics include human capital (education and health); labor markets; credit markets; land markets; firms; and the role of the public sector.
(from ocw.mit.edu)
Lecture 06 - Investing in Human Capital: Theory
Instructor: Prof. Esther Duflo. Covers a version of the neoclassical model of human capital investment, with a focus on education, to prepare for coming lectures on education and health. Highlights and discusses the role of various assumptions and policy implications.