316-302 Economic Development

Coordinator:

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Objectives:

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.

Content:

This course will address economy-wide issues in economic development. The main objectives of the course are to examine the key determinants of economic growth and the actual development experience of selected countries. Special emphasis will be placed on drawing policy lessons from the latest research and country experience of growth and development. The course will cover issues such as: historical patterns of development and structural transformation; theories of economic growth and development; poverty and income distribution, trade policy and development; development finance; the roles of migration, population growth, foreign aid and capital formation in development; and stabilisation and structural adjustment.

Assessment:

Prescribed Texts:

• Todaro, M P, Economic Development, 5th ed. Longman (1994).