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Office Hours: Tue, Thu,
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Room: 12
Class Day: Monday and Wednesday
Economics
Subject: Development
Course Description:
Development Economics focuses on topics central to the growth and economic development
of both developed and developing nations. The course will include a project in which you are
expected to present and discuss recent papers in development economics and growth.
Goals of the course:
This course provides students with an understanding of economic theories and analysis in
the field of development economics. The course is designed to deal with a selection of issues
and problems facing the developing economies. The topics will primarily cover
macroeconomic theories of development with appropriate micro-foundations as well as
quantitative analysis of the data based on the theoretical insights from those models.
Methods of Instruction
Lectures, class discussions, projects, videos, and various individual and group assignments. I
use Blackboard as well as an overhead projector to deliver the course materials and
information. You are required to be familiar with all the information I impart in class or send
via e-mail, namely this syllabus and the class outline and list of readings, all assignments,
supplemental readings, and my power point presentation lecture notes.
Grading
Grading will be based on the following:
15%.......................................Quiz
15%.......................................Assignment
25%.......................................Mid Term paper
40%.......................................Term paper
Evaluation
Grades will be assigned based on the following percentage of total points received from
projects, quizzes, homework assignments, and exams.
A...80% and above
B...70% to 79%
C60% to 69%
D50% to 59%
F 49% and below
Required Text:
Economic development Michael P.Todaro, Stephen C. Smith.
Policy on plagiarism
No tolerance and results in at least a failing grade. See university policy for more
information.
Policy on cheating
No tolerance and results in at least a failing grade. See university policy for more
information.
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In-class ethics
Out of respect for others, have cell phones turned off in class. If you get a call that you need
to receive, please leave the classroom to take it and do not return for the rest of the class.
No side conversations other than those during classroom exercises.
Course Outline:
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Wee
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Contents
1-2
Economics, Institutions,
and Development: A
Global perspective
Diverse Structures and
Common Characteristics
of developing nations
3-5
Comparative Economic
development: Pakistan
and Bangladesh
Quiz 1
Assignment 1
Schools of thought in
context:
South Korea and
Argentina
Contemporary models of
development and
underdevelopment
8-9
Classical theories of
development: A
comparative analysis
6-7
Understanding a
development miracle :
China
Quiz 2
Assignment 2
Institutions, Inequality
and Incomes:
Ghana and Cote d Ivoire
Population, Poverty and
Development : China and
India
Quiz 3
Assignment 3
Rural-Urban migration
and
urbanization in
developing countries:
India and Botswana
Pathways out of poverty:
Progresa/Oportunidades
Kuznets' six
characteristics, Rostow's
theory, The Harrod-Domar
model,
The Lewis model,
Chenery's patterns of
development,
Dependency theory,
Neoclassical theory, Solo
Growth Model
Global Poverty
Monitoring, Econometric
Methods for Estimating
Growth, Poverty and
Inequality Regressions,
The dependency burden,
The hidden momentum of
population growth, The
demographic transition
Urbanization trends and
projections, Todaro Model,
Policy options for limiting
rural-urban Migration,
Human Capital Approach,
Bad Equilibrium
Quiz 4
Assignment 4
1011
A pioneer in development
success through trade:
Taiwan
Balance of Payments,
Debt, Financial crises, and
Stabilization Policies
12
Foreign Finance,
Investment and Aid:
Controversies and
Botswana
The traditional
neoclassical model,
Theory of Comparative
Advantage, Free Trade,
Recent trends in LDC bop
accounts, Debt Crisis,
IMF policy of
Macroeconomic
Stabilization
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Private foreign direct
investment and portfolio
investment, Foreign Aid,
Supplementary reading:
Textbook that provides another perspective on the same material:
Economics for a Developing World, 3rd Edition, Michael P. Todaro
Development Economics, Grard Roland.
Economics of Poverty and Discrimination, the10th Edition, Bradley Schiller
Money Changes Everything, How Global Prosperity is Reshaping Our Needs, Values, and
Lifestyles, Peter Marber.
Saving Adam Smith, a Tale of Wealth, Transformation, and Virtue
Jonathan Wight
Economic Growth: International Edition, 3rd Edition, David Weil.
There will not just be one book recommended to the whole class. Students are advised to
consult different books present in LBS Library. For further information about books, please
contact library staff.
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