Development Economics

ECN423 Development Economics

  • Topics



    The course covers the following topics:

    ¿ Microeconomic models of development

    o Agricultural household production

    o Intrahousehold allocation and bargaining

    ¿ Macroeconomic models of economic growth and development

    ¿ Experimental approaches and research on topics such as

    o Microcredit and savings

    o Entrepreneurship and business training

    o Education

    o Foreign aid

    ¿ Non-experimental approaches and research on topics such as

    o History, culture and institutions as determinants of growth

    o Burden of environmental diseases

    o Resource curse in developing countries

  • Learning outcome

    Learning outcome

    This course examines the central issues in economic development, including access to finance and entrepreneurship, poverty traps, gender and development, foreign aid, household dynamics, and health. This course will make students familiar with the macroeconomic and microeconomic theories of development, such as growth and household bargaining. Students will also learn about the empirical methods used in the literature to evaluate the effectiveness of development policies.

    The course will enable students to:

    • have basic knowledge in the econometric techniques that are used in applied research in development economics
    • identify the strengths and weaknesses of existing research and measures of economic development, such as economic growth,poverty, and income inequality
    • analyze and interpret econometric models in identifying causal effects of policy interventions that are targeted at improving the livelihoods of the poor
    • understand the various extensive and intensive margins that affects individual and household behavior, for example, in resource allocation, labor supply, and investment decisions

    evaluate experimental and non-experimental approaches that have been used to analyze how development policies, such as financial incentives and education, affects these behavior summarize, describe and analyze data using STATA

  • Teaching


    Plenary lectures

  • Recommended prerequisites

    Recommended prerequisites

    Students are recommended to have basic knowledge in econometrics.

  • Required prerequisites

    Required prerequisites

    Students should have taken basic courses in microeconomics, macroeconomics and statistics.

  • Requirements for course approval

    Requirements for course approval

    Submission of two homework assignments (in English only).

  • Assessment


    • Exam (50%): A two-hour, written exam (grading scale A-F).
    • Portfolio (50%) assessment of two homework assignments submitted during the semester and in-class quizzes (grading scale A-F).

    The language of the written exam and homework assignments is English only

  • Grading Scale

    Grading Scale

    Grading scale A - F.

  • Semester



  • Literature


    Journal articles: selected papers from academic journals.


ECTS Credits
Teaching language

Course responsible

Po Wong, Vincent Somville