Design issues and methods faced in the term projects will also be discussed. View lecture 2 economic and accounting development in malaysia. How the transformation of two thirds of the worlds population from starvation to moderate prosperity will affect us all. Note that material is often overlapping, with different focus. My goal in these notes is to talk about some of these chickenandegg situations. Early positive models of development plan of lecture a. Development economics seeks to understand the economic aspects of the development process in lowincome countries.
An introduction to development economics econ 3392 table of. Compare and critique the predictions of the basic models of development. Wayne nafziger is university distinguished professor of economics at. Learn about the process of economic development, the experiences of underdeveloped and.
Rauch 2000 leading issues in economic development, oxford university press. Lecture 3 29 the most cited recent development economics article. Rural development is a process of change, by which the efforts of the people themselves are united, those of government authorities to improve their economic, social and cultural conditions of communities in to the life of the nation and to enable them to contribute fully to national programme. Section ii seeks to familiarize students with the different ways in which. Ray, debraj 1998, development economics, prineston university press. Economics 270c graduate development economics spring 2009.
Lecture notes financing economic development urban. Evolutionary growth theory evolutionary growth theory captures the coevolution of human traits and the economic development over. University of ghana economics students society economics. Institutions, factors endowments, and paths of development in the new world, the journal of economic. Jun 11, 2018 the full title of the series is the greatest ever world economic event. Chapter 1 introduction open a book any book on the economics of developing countries, and it will begin with the usual litany of woes. The economics of development mainly relates to countries of. Development economics is the study of economies that do not fit many of the basic assumptions underpinning economic. The course is made up of seventeen units spread across fifteen lectures weeks. Video and audio lectures in development economics the.
But the brief history of development economics is instructive. This note will focus both on models of economic growth and their empirical applications, and try to shed light on the mechanics. Development economics, summer 2016 at warwick 2014 2015. The guide to the readings, through bibliography as well as web sites with links to development resources, makes this book useful for students writing research papers. Lucas the problem of economic development is to account for the observed. Schedule of lectures and readings items marked with asterisks should be given priority.
Lectures 3 and 4 examines empirical papers on demographic. After all, most economics departments have courses in each one of the above areasand more. In order to solve these problems, specific efforts can be made as follows. Distinctions of early positive development economics b. The class is aimed at economics majors and other interested students who want to learn more about the process of economic development and how economists study it.
Development economics ii is a threecredit and onesemester undergraduate course for economics student. This fundamental question has been on the mind of economists since adam smith wrote the wealth of nations in 1. Assess the pros and cons of various macroeconomic policies from the perspective of developing nations. Large scale experiments to inform the details of policy making esther duflo, introduced by alvin e. Students can access um learn directly from the university website. Wayne nafziger is university distinguished professor of economics at kansas state university. Introduction to development fall 2008 focus on institutions and policies is the result of research on comparative economic performance which has produced some critical stylized facts. It is notable that no goal for economic growth and increased per capita income in poor. To that end, the course is divided into four sections. Box 208269, new haven, ct 065208269, usa anyone who undertakes to produce a volume of surveys in economic development.
Notes for a course in development economics debraj ray version 3. The lectures and supplementary reading will provide a theoretical understanding of the main development issues with a strong focus on current issues of development economics particularly poverty and extreme poverty, but also a focus on economic growth and the role of the public sector i. Appreciating how economists have come to understand economic development helps us understand the various development approaches people have taken over time and how we got to the ideas that. Local economic development has many practices and theories as well as many other disciplines. Lectures 2 explores how intrahousehold bargaining models affect gender related outcomes.
It is composed of two modules addressing the relationship between growth. In this way, economic theory formed the basis on the basis of certain decisions are made that are used for regulating and directing the reproduction. Development economics, summer 2015 at warwick undergraduate development economics, fall 2014. Comparative economic development therefore sy k y dividing both terms by y and k, we get y y s k in which the rst term represents the growth rate of gdp. Without theory, the developer can do only what is politically feasible.
Duflo, poor economics,public affairs 2012 a more detailed reading list will be supplied prior to the start of the programme course content, faculty and dates may be subject to change without prior notice. In order to make the model a bit more realistic, we can take the rate of capital depreciation, into account. But you should still take notes, either on the slides or. This is an upperlevel seminar studying economic development. This course guide gives you an insight to development economics and follow upcontinuation to development. Explain the meaning of poverty and economic development in a global context. Surely, many families in rich countries may take great pleasure in having a large number of o spring. Y y s k alper duman development economics lecture notes 2. Notes for a course in development economics download book. Economic development, 11th edition the pearson series in economics by michael p. Course objectives this is a masters level course in international economic development policy and practice. Development as a resource reallocation issue and structuralism. Freely browse and use ocw materials at your own pace. Each of six lectures is available as streaming video, downloadable video, audio and a text transcript.
In this lecture notes we give an overview of the global practices and theories covering the u. Developing countries, notwithstanding the enormous strides they. An introduction to development economics econ 3392 table. The evolution of development economics economics classes rarely spend much time on history. Mckinnon 1964, foreign exchange constraints and economic development, economic journal, 74. Rosenzweig department of economics, yale university, p. Development of economics an overview sciencedirect topics. I ray focuses more on theory i bd focus more on the empirics. I we also provide some additional readings in lectures or seminars. Todaro and smith, economic development, 12th edition, addisonwesley, 2015 however, 11 th and 10 th edition are also fine.
Notes for a course in development economics nyu department of. Development must be marketbased, but there are large market falures can not be ignored 2. Lecture notes course home syllabus calendar readings. Nevertheless, there is a broad, eclectic role for government in. Pdf economic development, 11th edition the pearson series. Master lecture in development esther duflo july 2018. Jan 10, 2018 a feature of economic welfare or development. Ray, development economics, princeton university press 1998.
Explore materials for this course in the pages linked along the left. Apply both quantitative and qualitative development models to discuss the. This section provides the lecture notes from the course and the schedule of lecture topics and instructors. Captures the coevolution of human traits and the economic development over the course of human history the e. Economic development spring 2009 spring 2011 every other spring concerned with theoretical and applied works that seek to explain economic development, or lack thereof, in countries at low. The dorchester bay economic development loan fund provides a case example to examine market analysis issues in designing economic development financing programs. B lectures 081peter svedberg lecture 1 introduction to development economics. Human evolution and economic development oded galor zeuthen lectures lecture iii may 20, 2016 oded galor evolution and growth may 20, 2016 1 5. Distinctions of early development economics development economics emerged as a separate subdiscipline within economics in the 1950s and 1960s 1 the main concern modernisation industrialisation and. Learning outcomes students will attain, through lectures, readings and problem sets, knowledge of the microeconomic foundations of development economics. Feb 05, 20 this is one of over 2,400 courses on ocw.
Lehmann and zuppann, public economics offered by prof. Development as a resource accumulation issue and growth. Modern economics and mathematics, individual decision making, consumer theory, production theory, choice under uncertainty, strategic behavior and markets, game theory, theory of the market, general equilibrium theory and social welfare, normative theory of equilibrium. A list of useful text books for teaching and studying development economics. Economic growth faster then pop growth, y up continuously. Likewise, large holdings of physical capital may well have an instrumental value to play in the development process. This instructor will use um lean to post lecture powerpoint slides, notices, the course outline and some reading material. Lecture notes in development economics course aims this course is meant to provide students, by means of theoretical approach, with the understanding of the issues characterizing economic development. We will discuss later what explains this pattern and development. Section i introduces students to the concept of development as it has evolved from the days of adam smith to the present. Lecture notes in sustainable local economic development.
Factor accumulation does not account for the bulk of crosscountry di. This pattern was repeated in many countries all over world. The concept of economic growth and development economic growth include changes in material production and during a relative short period of time, usually one year. Use educational institutions such as party colleges and cadre schools to hold various study classes and training classes frequently and invite experts and scholars to give lectures, learn, and discuss basic economic laws concerning the health competition and economic development of the socialist market economy, so as. A radical rethinking of the way to fight global poverty. Government should not be in the business of direct production 3. Applied development economics, tim hinks, university of the west of england powerpoint slides from a third year option at the university of bath, 200810. Kennedy school of government, harvard university, cambridge, ma 028, usa mark r.
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