30145 - DEVELOPMENT ECONOMICS
CLEAM - CLEF - CLEACC - BESS-CLES - WBB - BIEF - BIEM - BIG
Course taught in English
The course begins by giving an overview of theories of economic growth in order to identify, both theoretically and empirically, the drivers of economic growth. The first part of the course discusses the role of capital accumulation, technological progress and inequality in growth. The course then analyzes markets and institutions in developing countries, with a focus on how informal and semi-formal institutions have developed to make up for market imperfections in developing countries. In particular, the structure of land, labor and credit markets in developing countries is introduced with a view towards understanding how imperfections in these markets affect the lives of the poor and the economy at large, and shape economic policy-making. The course has a strong applied focus. For each topic, simple theoretical models are introduced to derive testable predictions, followed by a review of the empirical results and their implications for policy.
- Introduction: Facts about Development and Growth.
- Growth Theory and Evidence.
- The role of institutions.
- The role of culture Persistence.
- Drivers of change Agricultural productivity.
- Poverty and undernutrition.
- Financial development and microfinance.
- Self-employment and firm growth.
- Human Capital.
- Program evaluation and policy design.
Students have two options. They may take the exam in two written parts: 1st partial exam and 2nd partial exam and each part accounts for 50% of the grade (students must pass both partial exams in order to receive a final grade). Alternatively, they may take a general written exam covering the entire course material.
- Teaching in the course is done mainly from journal articles. The reading list and lecture notes are posted on the Agenda you@B.
- D. RAY, Development Economics, Princeton Univ. Press, 1998.
- A.V. BANERJEE, E. DUFLO, Poor Economics, Public Affairs, 2011.