Delivered at:: International College of Economics and Finance

Course type:: Elective course

When:: 3 year, 3, 4 module

Instructors

Gebauer, Markus

Иванова Кристина Сергеевна

Full Syllabus

Abstract

The modern world is characterized by enormous heterogeneity of living standards within and across countries. Development Economics is a one-semester course that aims to understand the causes of such heterogeneity, from both theoretical and empirical perspectives, as well as to provide policy recommendations for reduction and elimination of underdevelopment. The course is taught in English. Prerequisites: Microeconomics 1-2, macroeconomics 1-2, calculus.

Learning Objectives

Upon successful completion of the course, the student will be able to understand and discuss rigorous theories of what causes economic underdevelopment, as well as modern econometric methods of establishing such causes.

Expected Learning Outcomes

compare and contrast empirical work for the purpose of designing policy for a specific context
outline the main theories and concepts in development economics
Select and analyse economic theories relevant for issues in economic development
summarize and evaluate empirical work in development economics

Course Contents

1. Brief overview of the developing world, major stylized facts about poverty
2. Theories of economic growth
3. The role of economies of scale in economic development: Kremer’s theory of growth, “Industrialization and the big push” (Murphy, Shleifer, Vishny)
4. Skill complementarities and Kremer’s “O-ring” theory of economic development
5. Inequality and growth: measuring inequality; theory of the effect of inequality on growth (Persson-Tabellini)
11. The role and magnitude of corruption in development
6. Migration and development: rural-urban migration, international migration, remittances
7. Population growth and demographic transition
8. Geography and development
9. Institutions and development
10. Culture and development
12. Failure to Develop: The Case of Argentina

Assessment Elements

Cumulative Final Exam
Homeworks
In-Class Presentation
In-Class Quizes
Mid-Semester Test

Interim Assessment

2023/2024 4th module
0.5 * Cumulative Final Exam + 0.16 * Homeworks + 0.06 * In-Class Presentation + 0.06 * In-Class Quizes + 0.22 * Mid-Semester Test

Bibliography

Recommended Core Bibliography

Acemoglu, D. (DE-588)124929575, (DE-576)173178197. (2009). Introduction to modern economic growth / Daron Acemoglu. Princeton, N.J. [u.a.]: Princeton Univ. Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edswao&AN=edswao.284986100
Banerjee, A. V., Benabou, R., & Mookherjee, D. (2006). Understanding Poverty. Oxford: Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=176370
Bardhan, P. K., & Udry, C. (1999). Development Microeconomics. Oxford: OUP Oxford. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=267256
Kaushik Basu. (2003). Analytical Development Economics: The Less Developed Economy Revisited. The MIT Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.mtp.titles.0262523442

Recommended Additional Bibliography

Economic development, Todaro, M. P., 2015

Authors

GEBAUER MARKUS -

Bachelor’s Programme 'International Programme in Economics and Finance'

Сonsultations for prospective students

Contacts

Development Economics