The Global Centre for Risk and Innovation (GCRI)
Risk Academy, a Nexortium programmeFinance and EconomicsDepartment of Public Finance and Development Economics
Structural transformation, macroeconomic shocks, industrial policy, jobs and productivity
Economic development and macroeconomic shocks covers structural transformation, growth, productivity, jobs and public investment, and how systemic shocks such as commodity, currency and demand shocks, disasters and pandemics set back development gains.
Back to Department of Public Finance and Development Economics
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Twin figures for Houston and the Ship Channel, counted from its layers at their stated dates.
For Economic development and macroeconomic shocks: the faculty's twin of Houston on the planet map, the globe and in 3D. Pick a generator, switch layers, run the instruments; every layer prints its provider and date.
Drag to move, right drag or Shift with a drag to turn and tilt, Ctrl with the wheel to zoom. Keyboard: arrows move, Shift with arrows turn and tilt, + and - zoom, 0 resets, V steps through the views, Escape clears.
Flat plan of the same data: relief as contours from the inline grid, the plants by capacity, the industrial points by kind and the numbers below. The 3D twin opens on devices with WebGL once its data and library have been checked.
The map loads from this site as it nears the view (MapLibre 6.9.1, checked by hash).
The discipline teaches structural transformation and productivity accounting, terms-of-trade and currency crisis analysis, inflation and price shock transmission, industrial and regional policy appraisal, employment and productivity measurement, trade and external shocks, and the exposure of sectors such as tourism, with input-output analysis as the method that traces a shock from one sector to the next and the Houston petrochemical complex of the twin as a worked example of a regional cluster's concentration. A graduate can trace a commodity or currency shock through an economy's sectors and jobs, appraise an industrial policy against its stated outcomes, and write a resilience assessment for a region whose economy rests on one cluster.
This area covers structural transformation, growth, productivity, jobs and public investment, and how systemic shocks such as commodity, currency and demand shocks, disasters and pandemics set back development gains. It is taught in the department of Public Finance and Development Economics, Faculty of Finance and Economics, through 1 course with it as primary discipline and 1 more that also teach it.
9 subtopics, taught across its courses and labs.
Not yet taught by a course: Macroeconomic shocks and development.
Recent developments in economic development and macroeconomic shocks, each with its source; sources checked on 16 October 2026. Summaries are short readings of the source; follow the link for the full account.
News and research as they are published, per discipline, with the faculty's other tools.
The newest research, preprints, news and humanitarian reports for Economic development and macroeconomic shocks, each with its source and date, load here. Open the research and news hub
From the Academy's risk taxonomy: the discipline's own entries and those of its primary courses, with how many courses teach each.
No course with this primary discipline is open yet; these are planned, so you can prepare with the courses also taught here.
Courses with this primary discipline0 open, 1 in preparation
These courses count in their own primary discipline and also teach this one; they do not count towards its achievement as primary courses.
Also taught here1 courses that count in another discipline
Approved for authoringno enrolment and no achievement until authored and reviewed
Cited as places where the subject is practised; the institutions named are sources here, and Risk Academy hosts every course.
Nexus Foundry system pages describe what each system and its rooms are designed to do; they are not a service on offer, and studying here gives no access to them.
| Lab | What you do in it | Courses using it |
|---|---|---|
| Map lab | Read hazard, exposure and boundaries on real maps | 1 |
| Term | Definition |
|---|---|
| Structural transformation | The shift of labour and output from low- to high-productivity activities. |
| Terms-of-trade shock | A change in export prices relative to import prices. |
| Currency crisis | A sharp fall in a currency's value, often with capital outflows. |
| Productivity | Output per unit of input, such as per worker or per hour. |
| Economic resilience | The ability of an economy to absorb shocks and recover output and jobs. |
Open courses in connected disciplines teach the methods this discipline will build on.