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) OR ECON-UA 13 OR ECON-UB 11 OR ECON-AD 103). ALL WITH A MINIMUM GRADE OF C.
Prerequisites for students in Policy Concentration: Intermediate Microeconomics (ECON-UA 10) and Intermediate Macroeconomics (ECON-UA 12). Prerequisites for students in Theory Concentration: Microeconomic Analysis (ECON-UA 11) and Macroeconomic Analysis (ECON-UA 13). Economic underdevelopment in Asia, Latin America, and Africa. Macroeconomic topics: economic growth, income distribution, poverty, and underdevelopment as a circular, self-reinforcing trap. Microeconomic topics: markets for land, labor, and credit. Emphasizes market fragmentation, limited information, and incentive problems. Such international issues as trading patterns, capital flows, and global financial crises are studied from the viewpoint of developing countries.