THEORY AND POLICY OF ECONOMIC DEVELOPMENT
The course aims at developing students’ ability and competence in the understanding of issues related to the process of economic development. The course is focused on the effects and the determinants of the process of economic development. Firstly, the lectures examine the main economic effects (economic growth, poverty and inequality dynamics) as well as the social and institutional consequences of the process of economic development (democratization, conflicts, colonialism). Then, the course evaluates the long-run determinants of the contemporary divergence in income per-capita across and within countries (fertility, physical and human capital accumulation). Finally, the course offers insights on the economic policies promoted in the underdeveloped world.
Students must have a basic knowledge of macroeconomics.
The Facts To Be Explained – A Framework For Analysis – Physical Capital – Population And Economic Growth – Future Population Trends – Human Capital – Measuring Productivity –The Role Of Technology In Growth – The Cutting Edge Of Technology – Efficiency - Growth In The Open Economy – Government – Income Inequality – Culture – Geography, Climate, And Natural Resources – Resources And The Environment At The Global Level - What We Have Learned And Where We Are Headed
Weil David N., ECONOMIC GROWTH, Pearson ed., Third Edition, 2013.