COURSE INFORMATION
Course Title: DEVELOPMENT ECONOMICS
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
ECO 804 C 2 3 0 0 3 10
Lecturer and Office Hours: Eglantina Hysa
Second Lecturer(s): NA
Teaching Assistant(s) and Office Hours: NA
Language: English
Compulsory/Elective: Elective
Classroom and Meeting Time: To be announced
Course Description: This course examines the models of classical and modern economists to explain the transition of developing economies into modern economic growth, as well as their relevance to income distribution, poverty alleviation and human development outcomes.
Course Objectives: This course, intended for graduate students in economics and related fields, aims to bring students to the forefront of research on old and new directions in development economics thinking, the welfare economics of poverty and inequality, empirical evidence on who benefits from economic development, labor market models, and public policy evaluation.
COURSE OUTLINE
Week Topics
1 Introduction: what is development economics?
2 Historical Legacies and Development
3 The neoclassical model of development: Factor Accumulation v. Productivity
4 Human Capital and Development
5 Endogenous Growth Models: Increasing v. Constant v. Diminishing Returns
6 Culture, Social Norms, and Development
7 Markets, networks, social capital
8 Institutions and Development
9 Democracy, Political Economy, and Development
10 Data mining and cognitive biases in development
11 Foreign Aid and Development
12 Thinking Big vs. Thinking Small in Development
13 Workshop Participation
14 Workshop Participation
Prerequisite(s):
Textbook: - Aghion, P. and S. Durlauf, editors, Handbook of Economic Growth (2 volumes), North-Holland: Amsterdam, 2005 - Ray, D. Development Economics, Princeton NJ: Princeton University Press, 1998 - Nafziger E.W., Economic Development, 5th Edition, (Cambridge University Press, 2012 - Jessica Cohen and William Easterly, Editors, What Works in Development? Thinking Big and Thinking Small, Brookings Institution Press: Washington DC, 2009 - Banerjee, A. and E. Duflo, Poor economics: a radical rethinking of the way to fight global poverty, New York: Public Affairs TM, 2011 - Relevant selected journal articles, working paper, as well as background notes are provided.
Other References:
Laboratory Work:
Computer Usage:
Others: No
COURSE LEARNING OUTCOMES
1 The application of microeconomic analysis to issues of development in poor countries;
2 The analysis of implications for development of sectoral and economy-wide issues and policies such as growth, savings and investment;
3 Effectively participate in the contemporary policy debate on development priorities and policy reforms in these countries;
4 Acquiring the knowledge and skills to critically evaluate economic problems of developing countries
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
PhD ECO BAF Program
1 The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems but also to construct a model and defend in meaningful way. 5
2 To comprehend the interaction between economics and related fields; to achieve original results by using expert knowledge in analysis, synthesis and evaluation of new and complex ideas. 5
3 To be able to obtain new knowledge in economics systematically and to acquire high level skills in research methods in economics. 4
4 To be able to develop new methods that make a contribution to science or to be able to apply existing techniques to an original research idea. 4
5 They have ability to use mathematical and statistical methods in international economics. 3
6 They know how to use computer programs in both daily office usage and statistical data evaluations in economics department. 3
7 They have necessary economics skills that needed in private and public sector. 5
8 They are intended to be specialist in one of departmental fields that they choose from the list of general economics, finance economics, public finance, corporate finance, finance management, international finance markets and institutions, banking and central banking, international finance and banking, money and banking, international trade and banking. 5
9 They have ability to utilize fundamental economic theories and tools to solve economic problems in international level. 5
10 They are aware of the fact that international economics is a social science and they respect the social perspectives and social values of the society’s ethics. 5
COURSE EVALUATION METHOD
Method Quantity Percentage
Presentation
1
50
Term Paper
1
50
Total Percent: 100%
ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)
Activities Quantity Duration(Hours) Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 3 48
Hours for off-the-classroom study (Pre-study, practice) 16 3 48
Mid-terms 0
Assignments 0
Final examination 0
Other 1 154 154
Total Work Load:
250
Total Work Load/25(h):
10
ECTS Credit of the Course:
10