1.Introducing Economic Development: A Global Perspective (Todaro and Smith, Ch 1)
• Economics and Development Studies
• What Do We Mean by Development?
• The Millennium Development Goals |
2.Comparative Economic Development (Todaro and Smith, Ch 2)
• Defining the Developing World
• Basic Indicators of Development: Real Income, Health, and Education
• Characteristics of the Developing World: Diversity within Commonality
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3.Classic Theories of Economic Growth and Development (Todaro and Smith, Ch 3)
• Classic Theories of Economic Development: Four Approaches
• Development as Growth and the Linear-Stages Theories
• Structural-Change Models
• The Neoclassical Counterrevolution: Market Fundamentalism
• Classic Theories of Development: Reconciling the Differences |
4.Contemporary Models of Development and Underdevelopment (Todaro and Smith, Ch 4)
• Underdevelopment as a Coordination Failure
• Multiple Equilibria: A Diagrammatic Approach
• Starting Economic Development: The Big Push |
5.Poverty, Inequality, and Development (Todaro and Smith, Ch 5)
• Measuring Inequality and Poverty
• Poverty, Inequality, and Social Welfare
• Absolute Poverty: Extent and Magnitude |
6.Poverty, Inequality, and Development (Todaro and Smith, Ch 5)
• Economic Characteristics of High-Poverty Groups
• Policy Options on Income Inequality and Poverty: Some Basic Considerations |
7.Population Growth and Economic Development: Causes, Consequences, and Controversies (Todaro and Smith, Ch 6)
• The Basic Issue: Population Growth and the Quality of Life
• The Demographic Transition
• The Causes of High Fertility in Developing Countries: The Malthusian and Household Models
• The Consequences of High Fertility: Some Conflicting Perspectives |
8.Urbanization and Rural-Urban Migration:Theory and Policy (Todaro and Smith, Ch 7)
• The Migration and Urbanization Dilemma
• Migration and Development
• Toward an Economic Theory of Rural-Urban Migration |
9.Human Capital: Education and Health in Economic Development (Todaro and Smith, Ch 8)
• The Central Roles of Education and Health
• Investing in Education and Health: The Human Capital Approach
• Child Labor |
10.Human Capital: Education and Health in Economic Development (Todaro and Smith, Ch 8)
• The Gender Gap: Discrimination in Education and Health
• Educational Systems and Development |
11.Agricultural Transformation and Rural Development (Todaro and Smith, Ch 9)
• The Imperative of Agricultural Progress and Rural Development
• The Structure of Agrarian Systems in the Developing World |
12.Agricultural Transformation and Rural Development (Todaro and Smith, Ch 9)
• The Important Role of Women
• Core Requirements of a Strategy of Agricultural and Rural Development |
13.The Environment and Development (Todaro and Smith, Ch 10)
• Environment and Development: The Basic Issues
• Rural Development and the Environment: A Tale of Two Villages
• Global Warming and Climate Change: Scope, Mitigation, and Adaptation |
14.The Environment and Development (Todaro and Smith, Ch 10)
• Economic Models of Environment Issues
• Urban Development and the Environment
• Policy Options in Developing and Developed Countries
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| 15.Midterm Exam |
| 16.Midterm Exam |
17.Development Policymaking and the Roles of Market, State, and Civil Society (Todaro and Smith, Ch 11)
• Development Planning: Concepts and Rationale
• Government Failure and the Resurgent Preference for Markets over Planning
• The Market Economy |
18.Development Policymaking and the Roles of Market, State, and Civil Society (Todaro and Smith, Ch 11)
• The Washington Consensus on the Role of the State in Development and Its Subsequent Evolution
• Development Political Economy: Theories of Policy Formulation and Reform
• Development Roles of NGOs and the Broader Citizen Sector |
19.International Trade Theory and Development Strategy (Todaro and Smith, Ch 12)
• Economic Globalization: An Introduction
• International Trade: Some Key Issues
• The Traditional Theory of International Trade
• The Critique of Traditional Free-Trade Theory in the Context of Developing-Country Experience |
20.International Trade Theory and Development Strategy (Todaro and Smith, Ch 12)
• Traditional Trade Strategies for Development: Export Promotion versus Import Substitution
• The Industrialization Strategy Approach to Export Policy
• South-South Trade and Economic Integration
• Trade Policies of Developed Countries: The Need for Reform and Resistance to New Protectionist Pressures |
21.Balance of Payments, Debt, Financial Crises, and Stabilization Policies (Todaro and Smith, Ch 13)
• The Balance of Payments Account
• Accumulation of Debt and Emergence of the Debt Crisis
• Attempts at Alleviation: Macroeconomic Instability, Classic IMF Stabilization |
22.Balance of Payments, Debt, Financial Crises, and Stabilization Policies (Todaro and Smith, Ch 13)
• Policies, and Their Critics
• Resolution of 1980s–1990s Debt Crises and Continued Vulnerabilities
• The Global Financial Crisis and the Developing Countries |
23.Foreign Finance, Investment, and Aid: Controversies and Opportunities (Todaro and Smith, Ch 14)
• The International Flow of Financial Resources
• Private Foreign Direct Investment and the Multinational Corporation |
24.Foreign Finance, Investment, and Aid: Controversies and Opportunities (Todaro and Smith, Ch 14)
• The Role and Growth of Remittances
• Foreign Aid: The Development Assistance Debate
• Conflict and Development |
25.Finance and Fiscal Policy for Development (Todaro and Smith, Ch 15)
• The Role of the Financial System in Economic Development
• Informal Finance and the Rise of Microfinance
• Reforming Financial Systems |
26.Finance and Fiscal Policy for Development (Todaro and Smith, Ch 15)
• Fiscal Policy for Development
• State-Owned Enterprises and Privatization |
27.Review
• Some critical issues for the contemporary world |
28.Review
• Growth of Developing-World markets – Key Emerging Economies
• Global Environment and the Developing World |
| 29.Final exam |
| 30.Final exam |
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