ECC4670

Economic development theory and policy

Offered subject to university approval

Dr Robert Rice and Associate Professor Ian Wills

7 points
* Two 1.5-hour lectures per week
* First semester
* Clayton
* Prerequisite: ECC3670

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 (3000-word essay): 40%
* Examination (3 hours): 60%

Recommended texts

Chenery Hollis, Srinivasan J Bereman Handbook of development economics North-Holland, 1989, 1995