To be advised. 316-201 Intermediate Macro-economics and 316-202 Intermediate Micro-economics. First semester Three hours of lectures and seminars a week. On completion of this subject students should be able to:

• extend their knowledge of economic development via the independent study of books and articles dealing with theory and policy in this area and by taking advanced subjects dealing with these matters;
• judge the usefulness and the limitations of existing theory in the area of economic development;
• critically evaluate contemporary policy debates in the area of economic development with reference to economic principles as applied to economic development.

The main theories of economic development for both developed and developing countries, with special attention to: the roles of population growth, capital formation, technical progress, and foreign trade in economic development; historical patterns of development; the functions of government; the strategy for development in underdeveloped countries with particular reference to agriculture and land reform, industrialisation, development finance, and population control. The costs of growth and whether growth is desirable. A 2-hour examination (80 per cent) and class assignments totalling approximately 2,000 words (20 per cent). To be advised