316-302 Economic Development

Coordinator

Prerequisites

316-201 Intermediate Macroeconomics and 316-202 Intermediate Microeconomics.

Semester

Contact

Subject Description

This subject will address economy-wide issues in economic development. The main objectives of the subject 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 subject 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

A 2-hour examination (80%); and class assignments totalling approximately 2000 words (20%).

Prescribed Texts

• Todaro, M P, Economic Development. 6th ed. Longman (1997).