COURSE INFORMATION Course Title: DEVELOPMENT AND GROWTH I

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
ECO 421	B	1	3	0	0	3	7.5

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Main Course Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Prof.Dr. Eglantina Hysa ehysa@epoka.edu.al , Tuesday, 10.00-12.00
Second Course Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Elective
Study program: (the study for which this course is offered)	Master of Science in Economics
Classroom and Meeting Time:	18.00-20.45, Monday
Code of Ethics:	Code of Ethics of EPOKA University Regulation of EPOKA University "On Student Discipline"
Attendance Requirement:
Course Description:	Major elements in the economic development of resources, production, marketing, finance, labor; economic policy; political, social and technological factors affecting economic development, theories of growth.
Course Objectives:	There are several objectives of the course. First, students should be aware of the current debates about the definition of economic progress, and what we should consider when studying ‘economic development and growth’. Secondly, they should become familiar with the available cross-country data, and how this data can be used to draw meaningful insights into the important determinants of economic growth. Thirdly, students should have a good understanding of the formal economic models of economic growth and be able to use these models as a basis for understanding and distinguishing the various sources of, and constraints on, economic growth.

BASIC CONCEPTS OF THE COURSE

1	Poverty
2	Migration
3	Inequality
4	Human Capital
5	Health Economics
6	Environment Economics

COURSE OUTLINE

Week	Topics
1	Introduction to Economic Growth and Development ---- Objectives of the course are to enable students: to gain knowledge about development and growth theories and economic structure/problems of poor countries to analyze development and growth problems in terms of economic theories to acquire information/data and to analyze critically to develop skills in policy analysis
2	Economic Institutions, and Development: A Global Perspective ---- Chapter 1 --- pp. 2-39 ---- Some of the issues to be discussed: Extraordinary Moment / How the Other Half Live / Economics and Development Studies / The Nature of Development Economics / Why Study Development Economics? Some Critical Questions / The Important Role of Values in Development Economics / Economies as Social Systems: The Need to Go Beyond Simple Economics / What Do We Mean by Development? / Traditional Economic Measures / The New Economic View of Development / Amartya Sen’s “Capability” Approach / Development and Happiness / Three Core Values of Development / The Central Role of Women / The Three Objectives of Development /The Future of the Millennium Development Goals /Conclusions / Case Study 1: Progress in the Struggle for More Meaningful Development: Brazil
3	Comparative Economic Development ---- Chapter 2 --- pp. 40-117 ---- Some of the issues to be discussed: Defining the Developing World / Basic Indicators of Development: Real Income, Health, and Education / Holistic Measures of Living Levels and Capabilities / Characteristics of the Developing World: Diversity within Commonality / How Low-Income Countries Today Differ from Developed Countries in Their Earlier Stages / Are Living Standards of Developing and Developed Nations Converging? / Long-Run Causes of Comparative Development / Concluding Observations / Case Study 2: Comparative Economic Development: Pakistan and Bangladesh
4	Classic Theories of Economic Growth and Development ---- Chapter 3 --- pp. 118-164 ---- Classic Theories of Economic Development: Four Approaches / Development as Growth and the Linear-Stages Theories / Structural-Change Models / The International-Dependence Revolution / The Neoclassical Counterrevolution: Market Fundamentalism / Classic Theories of Development: Reconciling the Differences / Case Study 3: Schools of Thought in Context: South Korea and Argentina
5	Classic Theories of Economic Growth and Development ---- Chapter 3 --- pp. 118-164 ---- Classic Theories of Economic Development: Four Approaches / Development as Growth and the Linear-Stages Theories / Structural-Change Models / The International-Dependence Revolution / The Neoclassical Counterrevolution: Market Fundamentalism / Classic Theories of Development: Reconciling the Differences / Case Study 3: Schools of Thought in Context: South Korea and Argentina
6	Contemporary Models of Economic Development and Underdevelopment ---- Chapter 4 --- pp. 164-215 ---- Some of the issues to be discussed: Underdevelopment as a Coordination Failure / Multiple Equilibria: A Diagrammatic Approach / Starting Economic Development: The Big Push / Further Problems of Multiple Equilibria / Michael Kremer’s O-Ring Theory of Economic Development / Economic Development as Self-Discovery / The Hausmann-Rodrik-Velasco Growth Diagnostics Framework / Conclusions / ■ Case Study 4: Understanding a Development Miracle: China
7	Contemporary Models of Economic Development and Underdevelopment ---- Chapter 4 --- pp. 164-215 ---- Some of the issues to be discussed: Underdevelopment as a Coordination Failure / Multiple Equilibria: A Diagrammatic Approach / Starting Economic Development: The Big Push / Further Problems of Multiple Equilibria / Michael Kremer’s O-Ring Theory of Economic Development / Economic Development as Self-Discovery / The Hausmann-Rodrik-Velasco Growth Diagnostics Framework / Conclusions / ■ Case Study 4: Understanding a Development Miracle: China
8	Midterm Project
9	Poverty, Inequality and Development ---- Chapter 5 --- pp. 216-275 ---- Some of the issues to be discussed: Measuring Inequality / Measuring Absolute Poverty / Poverty, Inequality, and Social Welfare / Absolute Poverty: Extent and Magnitude / Economic Characteristics of High-Poverty Groups / Policy Options on Income Inequality and Poverty: Some Basic Considerations / Summary and Conclusions: The Need for a Package of Policies / ■ Case Study 5: Institutions, Inequality, and Incomes: Ghana and Côte d’Ivoire
10	Population Growth and Economic Development: Causes, Consequences and Controversies ---- Chapter 6 --- pp. 284-330 ---- Some of the issues to be discussed: The Basic Issue: Population Growth and the Quality of Life / Population Growth: Past, Present, and Future / The Demographic Transition /The Causes of High Fertility in Developing Countries: The Malthusian and Household Models / The Consequences of High Fertility: Some Conflicting Perspectives / Some Policy Approaches / Case Study 6: Population, Poverty, and Development: China and India
11	Urbanization & Rural-Urban Migration: Theory and Policy ---- Chapter 7 --- pp. 330-382 ---- Some of the issues to be discussed: Urbanization: Trends and Living Conditions / The Role of Cities / The Urban Giantism Problem / The Urban Informal Sector International-Dependence Revolution / Migration and Development / Toward an Economic Theory of Rural-Urban Migration / Conclusion: A Comprehensive Urbanization, Migration, and Employment Strategy / ■ Case Study 7: Rural-Urban Migration and Urbanization in Developing Countries: India and Botswana
12	Human Capital: Education and Health in Economic Development ---- Chapter 8 --- pp. 382-437 ---- Some of the issues to be discussed: The Central Roles of Education and Health / Investing in Education and Health: The Human Capital Approach / Child Labor / The Gender Gap: Discrimination in Education and Health / Educational Systems and Development / Health Measurement and Disease Burden / Health, Productivity, and Policy / ■ Case Study 8: Pathways Out of Poverty: Progresa/Oportunidades in Mexico
13	Students’ Presentations --- This presentation is related to the research paper presentation.
14	Students’ Presentations --- This presentation is related to the research paper presentation.

Prerequisite(s):	NA
Textbook(s):	Todaro, Michael P. and Stephen C. Smith. Economic Development 12th Edition, Pearson Addison-Wesley, 2015.
Additional Literature:	Charles Jones Introduction to Economic Growth (2nd ed.) W.W. Norton & Co, 2002. David N. Weil, Economic Growth, 2/E, Brown University, Rhode Island Peter Sorensen & Hans Whitta-Jacobsen, Introducing Advanced Macroeconomics: Growth and Business Cycles, McGraw-Hill, 2005 (Advanced Undergraduate Textbook)
Laboratory Work:	NA
Computer Usage:	NA
Others:	No

COURSE LEARNING OUTCOMES

1	Application of economic models and theories to better understand the causes and consequences of economic growth at an international level.
2	Knowledge of distributional consequences of economic growth (inequality, structural adjustments etc.).
3	Knowledge of the implications of globalization on specific sectoral policies such as agricultural policy, energy policy.
4	Knowledge of specific concepts such as fair and sustainable growth.

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Master of Science in Economics Program

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	20
Presentation	4	5
Project	1	60
	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	1	25	25
Other	1	29	29
Total Work Load:			150
Total Work Load/25(h):			6
ECTS Credit of the Course:			7.5

CONCLUDING REMARKS BY THE COURSE LECTURER