INAF-252 Introduction to Economic and Political Development
Fall for 2015-2016
Spring for 2015-2016
This course is an interdisciplinary introduction to economics and politics of development. It aims to provide students with insights into and explanations for the persistent disparities in standards of living and quality of life across the world. The course starts with the basics: the meaning and measurement of development, the relationship between economic growth and development, and the overall growth and development experience of countries and regions in the world. The course then turns to a closer look at the drivers of development. Topics include: (i) theories of economic growth (which emphasize the role of savings, investment and physical capital); (ii) market failures and the role of the state in correcting these failures; (iii) the broader role of states and institutions in the development process; (iv) the particular challenges of “failed states”; (v) the role of human capital, poverty and inequality and the linkages between them and economic growth and development; (vi) the importance of agriculture and the processes of structural transformation from agriculture to industry, and (vii) the role and effectiveness of foreign aid and debt relief. The course ends with an overview of the current state and frontiers of development economics.
Credits: 3
Prerequisites: None
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