Theories in international and development economics
Lecturer to be advised
6 points
* Two 1.5-hour lectures per week
* Second semester
*
Clayton
* Prerequisite: ECO4690 or ECO4670
Objectives On completion of this subject students will have gained an understanding of advanced theories in the areas of international and development economics; be able to identify the linkages between the two major areas of open economy analysis; be able to formulate policies on the basis of sound theoretical foundations and, correspondingly, to evaluate policy proposals; have acquired the skills necessary to assess critically new theoretical developments in this area.
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%
| Published by Monash University, Clayton, Victoria
3168 Copyright © Monash University 1996 - All Rights Reserved - Caution Authorised by the Academic Registrar December 1996 |