London School of Economics and Political Science (LSE)

Modules

44
Economics of Development

Prerequisites – 65 Macroeconomics and either
28 Managerial economics or 66 Microeconomics

Concepts and measurements of economic development and the characteristics of developing countries; models of growth and development (Harrod–Dormar, Neoclassical model and growth accounting, Lewis dual sector, endogenous growth and their variants).

Mobilizing domestic resources; domestic savings, private capital markets and financial intermediation; tax policy; monetary policy; inflation.

Mobilizing foreign resources; foreign capital requirements; foreign and private foreign aid investment and multi-national corporations; external debt.

Planning: planning models and project appraisal.

Human dimensions of development: population growth, employment and unemployment; rural-urban migration and the informal sector; education; poverty; inequality and famines.

Agriculture: role in development; resource allocation and producer rationality; price responsiveness; land reform and tenural relationships; technical change and Green Revolution.

International Trade: role in development; infant industry protection; the terms of trade; export earnings instability; industrialization by import substitution and export promotion.

The Environment and Development: sustainable development.

Market future: common properties.