316-302 Economic Development

316-202 Intermediate Microeconomics.

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 topics such as education and health, market failures and contract failures, rent-seeking and corruption, microfinance, foreign aid and third world debt, theories of economic growth and development; trade patterns and the geography of economic development.

• High level of development: written communication; application of theory to practice; interpretation and analysis; critical thinking; receptiveness to alternative ideas.

• Moderate level of development: oral communication; problem solving; evaluation of data and other information; accessing data and other information from a range of sources.

• Some level of development: statistical reasoning; synthesis of data and other information.

A 3-hour end-of-semester examination (60%), a half-hour midterm (10%) and a 3000-word essay (30%).