DSM5670

Economic development theory and policy

Robert Rice

12 points
* Two 1.5-hour lectures per week
* First semester
* Clayton

Objectives On completion of this subject students will be familiar with the distinctive environmental, technical and social characteristics of developing countries; understand the processes of structural change and social change which occur during development; recognise the importance of institutions, technological change, and international trade, aid, and investment for the development process; have skills necessary for the critical appraisal of theories of economic development.

Synopsis Characteristics and experience of developing countries; the process of structural transformation including structure of industry, factor migration and urbanisation, and institutional changes; strengths and limitations of theories of economic growth and development; domestic and external sources of financial and human resources for development; the roles of, and alternative strategies for international trade, investment, and technology transfer, exploration of economic policies, industry development strategies, and the role of government in the development process.

Assessment Written (6000-word essay): 67%
* Examination (3 hours): 33%

Recommended texts

Chenery and others Handbook of development economics North-Holland, 1989, 1995