Development Economics

ECN423 Development Economics

Spring 2019

Autumn 2019
  • 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

    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 enable students to

    • become familiar with the macroeconomic and microeconomic theories of development, such as growth and household bargaining.
    • understand the various extensive and intensive margins that affects individual and household behavior, for example, in resource allocation, labor supply, and investment decisions


    The course will enable students to:

    • learn about the empirical methods used in the literature to evaluate the effectiveness of development policies
    • be familiar with the econometric techniques that are used in applied research in development economics
    • analyze and interpret econometric models in identifying causal effects of policy interventions that are targeted at improving the livelihoods of the poor
    • identify the strengths and weaknesses of existing research and measures of economic development, such as economic growth,poverty, and income inequality

    General competencies

    Upon completion of the course, students will

    •  have hands-on experience with summarizing, describing and analyzing data using STATA
    •  develop communication and presentation skills through group work and presentations

  • Teaching

    Plenary lectures

  • Recommended prerequisites

    Students are recommended to have basic knowledge in econometrics.

  • Required prerequisites

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

  • 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 A - F.

  • Literature

    Journal articles: selected papers from academic journals.


ECTS Credits
Teaching language


Course responsible

Assistant professor Po Wong and Assistant professor Vincent Somville, Department of Economics