Economics of developing countries (II)
- Course Code:
- 153400109
- Unit value:
- 1
- Year of study:
- Year 3
- Taught in:
- Full Year
This course extends the treatment pursued in Economics of Developing Countries I. Further theories/models of development are covered two-sector models other than Lewis, i.e. Ranis-Fei and Jorgenson; Kaldor; Kalecki; Chayanov; the 'New Development Economics'. The Dobb-Sweezy and the Brenner debate, and their relevance for contemporary poor countries are examined.
Then a series of topics, with a focus on capital accumulation, are treated:
- agriculture,
- peasant rationality and holy cows,
- and sharecropping - including the Marshallian sharecropping model;
- industry
- the Kaldor argument on dynamic increasing returns,
- and arguments on small-scale industry;
- financing development
- taxation,
- the intersectoral terms of trade,
- inflation;
- and international dimensions
- the New International Economic Order,
- food aid and the international food order,
- the World Bank
- and structural adjustment.
Objectives and learning outcomes of the course
This course aims to build upon Ec B3 by both broadening and deepening the coverage of issues and approaches already treated.
At the end of the course, students should have a comprehensive grasp of development economics at an advanced level. This will round off and strengthen their undergraduate training as development economists. All students will have received a rigorous grounding in development economics, and some students will be able to proceed to masters' courses in that subject.
Method of assessment
Assessment weighting: Exam 80% / Coursework 20%. Resubmission of coursework regulations do not apply to this course.Suggested reading
Students are advised to consult the reading list available on the intranet.
