The course deals with the principal issues of economic development, with the objective of preparing students for advanced study and policy-oriented research in this subject area. The aim of the course is to provide students with an understanding of the immense and varied economic challenges facing the world’s impoverished and developing economies in general, and what practical and effective policies can be implemented to address these challenges. Emphasis will be on economy-wide aspects of economic development. The basic approach is to present the relevant theory, examine the empirical validity of alternative models and draw out their policy implications. Major policy issues are discussed with illustrations from actual experiences in selected developing countries.
COURSE LEARNING OUTCOMES:
This course is designed to attain the following learning objectives:
1. To explain and apply key development economic growth theories, international trade development theories, and related economic development theories.
2. To analyze and describe the features of less developed economies and the macroeconomic and microeconomic development challenges they face.
3. To analyze and describe significant policy options available to government and international organization to address economic development challenges.
4. To develop analytical and critical thinking skills and use them to judge the appropriateness of economic development policy options.
5. To identify and appraise economic development policy failures, and suggest adjustments or alternatives.
6. Articulate a clear understanding of the main tenets of economics and their application to a wide range of issues in development.
7. Articulate a clear understanding of the main theories of development economics and how they have shaped policy and debates in the last six decades.
- Editing Teacher: Dan Arwa