Category: Developmental Economics

How robust is the ‘extractive versus inclusive institutions’ theory at explaining why certain nations succeed and why others fail? Or do you find the distinction simplistic? [Note that this is based on Acemoglu and Robinson’s quite lengthy book. You are not responsible for reading the entire book during this Week. Many reviews have been written about it, which you can consult in order to get the main ideas. My lecture notes will also cover the essential points. I do recommend that you read Chs. 3, 8, and 13 of their book. For this Discussion Post, focus on the reasoning behind the institutional characterization and the quality of the evidence offered by the authors, their proponents, and their critics.] Post your thoughts on the Discussion Board. Post at least two follow-up postings of other students’ Discussions. Consult the grading rubric for posting on the Discussion Board. You can view the grading rubric by clicking the upper right “three dots” button – “show rubric

Complete Key Concept Questions in back of text chapter:
2-6:
Explain why a prospective business founder might want to create a
feasibility study or Business Model Canvas before developing a complete
business plan.
2-7: How can
spending time researching and writing a business plan save an
entrepreneur time and money in the short and long term?
2-9: Explain why the executive summary is the most important section of any business plan.