ECN423 Development Economics

• Topics

  The objective of the course is to introduce students to the field of Development Economics. The course focuses on the sustainable development goals, as defined by the United Nations, and exposes the students to the currrent research in economics that aims at making progress towards these goals. We will give them a broad overview of the economics of development and they will have the opportunity to explore particular topics of their choice in more details. Among other questions, the course will cover the following topics:

  Macroeconomic models of economic growth and development.

  Microeconomic models of development such as;

  • Agricultural household production
  • The role of institutions.

  Experimental approaches and research on topics such as;

  • Microcredit and savings
  • Entrepreneurship and business training
  • Education
  • Foreign aid.

  Non-experimental approaches and research on topics such as;

  • History, culture and institutions as determinants of growth
  • Migration
  • Resource curse in developing countries.

• Learning outcome

  Knowledge

  Upon completion of the course, the student can…

  • describe and explain the barriers to sustainable development in low and middle income countries
  • master the macroeconomic and microeconomic theories of development, such as role of institutions in development
  • recognize the various extensive and intensive margins that affects individual and household behavior, for example, in resource allocation, labor supply, and investment decisions

  Skills

  Upon completion of the course, the student can…

  • apply empirical methods used in the literature to evaluate the effectiveness of development policies
  • analyze and interpret econometric models in identifying causal effects of policy interventions that are targeted at improving the livelihoods of the poor
  • evaluate the strengths and weaknesses of existing research and measures of economic development, such as economic growth,poverty, and income inequality.

  General competence

  Upon completion of the course, the student can…

  • show hands-on experience with designing a hypothetical randomized-control trial
  • express developed communication and presentation skills through group work and presentations

• Teaching

  Plenary lectures: Vincent Somville will give most of the lectures, with guests intervening to cover their topics of expertise.

  The lectures will be interactive, with discussion between students.

• Recommended prerequisites

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

• Compulsory Activity

  Submission of a minimum of 90% of bi-weekly reading responses.

  Class presentation of the group project.

• Assessment

  Group assignment

  The students will have to submit a written group assignment (100%). The assignment consists of the design of a randomized control trial aiming to advance our understanding of one of the questions covered in the course.

  The assignments will be released in August and due in November. The groups will consist of 3 or 4 people. The assignments must be written in English.

• Grading Scale

  A - F.

• Literature

  Journal articles: selected papers from academic journals.

  Seminal Development Economics books.