DV3044 Economics of development
ExclusionsMay not be taken with DV2169 Economic policy analysis in international development.
Prerequisites (applies to degree students only)
EC2065 Macroeconomics and either MN3028 Managerial economics or EC2066 Microeconomics.
Concepts and measurements of economic development and the characteristics of developing countries; models of growth and development (Harrod-Domar, Neoclassical model and growth accounting, Lewis dual sector, endogenous growth and their variants); gender and development.
Mobilizing domestic resources; domestic savings, private capital markets and financial intermediation; rural informal capital markets; insurance; tax policy; monetary policy; inflation.
Mobilizing foreign resources; foreign capital requirements; multi-national corporations; foreign aid and private foreign investment; external debt.
Planning: planning models, project appraisal and social cost-benefit analysis.
Human dimensions of development: population growth, determinants of fertility; son preference; employment and unemployment; rural-urban migration and the informal sector; child labour; nutrition and efficiency wages; education and human capital; poverty; inequality and famines.
Agriculture: role in development; resource allocation and producer rationality; price responsiveness; land reform and tenural relationships; technical change and Green Revolution.
International Trade: role in development; infant industry protection; the terms of trade; export earnings instability.
Balance of payment and development: balance of payment and exchange rates; international financial crises industrialization by import substitution and export promotion.
The environment and development: sustainable development; market failure; common properties.