Economic Development

This course emphasizes dynamic models of growth and development. It covers the meaning

and measurement of economic development, growth theories, poverty and income distribution, the

role of geography and institutions, fertility and population growth, the role of credit markets and

microfinance, health and nutrition, education, female empowerment. Topics covered include:

migration, modernization, and technological change; static and dynamic models of political

economy; the dynamics of income distribution and institutional change; firm structure in

developing countries; development, transparency, and functioning of financial markets;

privatization; and banks and credit market institutions in emerging markets. Macroeconomics

deals primarily with the study and determination of economic activity. More specifically, topics

for discussion include national income theory, monetary policy, fiscal policy, taxation,

employment, price level, international trade, economic development and agrarian reform.