Economic Development

PREREQUISITES: (ECON-UA 10 OR ECON-UA 9010 OR ECON-UA 11 OR ECON-UB 1 OR ECON-AD 105) AND (ECON-UA 12 OR ECON-UA 9012 OR ECON-UA 13 OR ECON-UB 11 OR ECON-AD 104) AND (ECON-UA 238 OR ECON-UA 9238 OR ECON-UA 13 OR ECON-UB 11 OR ECON-AD 103). ALL WITH A MINIMUM GRADE OF C.

Knowledge of Calculus is needed for this course.

Studies the problem of economic underdevelopment, with special reference to the countries of Asia, Latin America, and Africa. The building blocks of economic theory are used to understand the historical experiences of these countries. Macroeconomic topics covered include economic growth, income distribution, and poverty, with particular emphasis on the concept of underdevelopment as a circular, self-reinforcing trap. Microeconomic topics include the study of Prerequisites: V31.0010, V31.0012, and V31.0238, or V31.0011 and V31.0013. Studies the problem of economic underdevelopment, with special reference to the countries of Asia, Latin America, and Africa. The building blocks of economic theory are used to understand the historical experiences of these countries. Macroeconomic topics covered include economic growth, income distribution, and poverty, with particular emphasis on the concept of underdevelopment as a circular, self-reinforcing trap. Microeconomic topics include the study of particular markets that are especially relevant to developing countries: those for land, labor, and credit. Notions of market fragmentation, limited information, and incentive problems receive emphasis. Ends with international issues: trading patterns, capital flows, and global financial crises are studied from the viewpoint of developing countries.

Course Information

ECON-UA 323

Undergraduate

4 Points

Term Section Instructor Schedule Location

Fall 2017

1
Debraj Ray
MW: 11:00 AM - 12:15 PM GCASL 361
1
Henry P Ma
TR: 12:30 PM - 1:45 PM 194M 306

Spring 2018

1
M Ishaq Nadiri
TR: 9:30 AM - 10:45 AM 194M 301
1
Martin Rotemberg
TR: 12:30 PM - 1:45 PM SILV 408