Development, Growth and Entrepreneurship in Low and Middle-Income Countries

ECN423 Development, Growth and Entrepreneurship in Low and Middle-Income Countries

Spring 2020

  • Topics

    The course covers the following topics:

    Microeconomic models of development

    • Agricultural household production
    • The role of institutions

    Macroeconomic models of economic growth and development

    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

    This course examines the central issues in economic development, including access to finance and entrepreneurship, poverty traps, gender and development, foreign aid, institutions, and health.



    This course will enable students to

    • understand the investment decisions of entrepreneurs and businesses in developing countries.
    • become familiar with the macroeconomic and microeconomic theories of development, such as role of institutions in development.
    • 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
    • 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 competencies

    Upon completion of the course, students will

    •  have hands-on experience with designing a hypothetical randomized-control trial
    •  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 a minimum of 90% of bi-weekly reading responses.

  • Assessment

    • School exam (70%): A two-hour, written school exam (grading scale A-F).
    • Written group project based on a proposed Randomized Control Trial (30%): Assessment of research proposal submitted during the semester (grading scale A-F). The assignment will be released in August and due in October.

    The language of the written exam and RCT Proposal is English only.

  • Grading Scale

    Grading scale A - F.

  • Literature

    Journal articles: selected papers from academic journals.


ECTS Credits
Teaching language

Autumn. Offered autumn 2019.

Course responsible

Assistant professor Vincent Somville and Associate Professor Justin Valasek, Department of Economics.