This module explores the fundamental themes in development economics. We look at general patterns in terms of characteristics of developing countries, and try first to define what we mean by development. We then go on to study formal models of growth and poverty traps and some recent important and topical issues in market failures and their solutions in developing countries, covering topics like credit markets and the role of microfinance, labour markets and the use of social networks, distributional issues. The module will mainly be based on formal modelling but will introduce students to empirical experimental results to support the theory wherever relevant as well.
*Please note that module information is indicative and may change from year to year.
Professor Amrita Dhillon
Module assessment - more information
1.5-hour mid-term examination (30%), 2-hour examination (70%)