ECC5690

Theories in international and development economics

(BUS)

Associate Professor Robert Rice and Dr Xiaokai Yang

6 points + Two 1.5-hour lectures per week + Second semester + Clayton + Prerequisite: ECC4690 or ECC4670

Synopsis: Evaluation of the neoclassical trade model and its extensions; foreign direct investment, capital flows and technology transfer; alternative explanations of comparative advantage including increasing returns and imperfect competition; geography and trade; new growth models; micro- and macroeconomic reform, structural change and factor mobility; institutions, transaction costs and rent seeking; theories of the state; the political economy of liberalisation and stabilisation.

Assessment: Written (5000-word research paper): 50% + Examination (3 hours): 50%