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ECON 4784-003 Economic Development

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ECON 4784-003 Economic Development
Economics 4784-003: Economic Development
Fall 2007
MWF 10-10:50AM
Room: Economics 117
Class Website through CULearn: https://culearn.colorado.edu/
No Class: 9/3 (Labor Day), 11/19-11/23 (Fall Break)
Professor Francisca Antman
Office: Economics 14b
Office Hours: Monday 11AM-noon, Thursday 1-3PM, and by appointment
Phone: (303) 492-8872
Email: [email protected] (preferred method of contact)
Course Description
In this course, we will explore empirical, theoretical, and policy issues surrounding economic
development. These topics will include theories of economic growth, inequality, poverty,
demographic change, migration, as well as characteristics of land, labor, and credit markets in
developing countries. Note that the field of development economics is very broad and so an
introductory course will naturally vary from instructor to instructor. In this course, we will try to
touch on the many areas of interest to development economists to provide a broad introduction to
the field.
Prerequisites: Econ 1000 (Intro to Econ) or Econ 2010 AND 2020 (Principles of Micro and
Principles of Macro).
Textbook: Debraj Ray, Development Economics, Princeton University Press, 1998.
Grading
Midterm 1: 20%
Midterm 2: 20%
Final Exam (cumulative): 30%
Homework 1: 10%
Homework 2: 10%
In-class Exercises/Class Participation: 10%
Class Policies
The text covers far more material than will be covered in class and I will present material in class
that is not in the textbook, so it is in your interest to come to class. You will be responsible for
material covered in lectures unless otherwise mentioned in class or noted by email or on the
course website. Occasionally, I will also make available articles from other sources that I would
like for you to read for class discussion.
Throughout this class, we will do in-class exercises that will help prepare you for homework and
exams while also encouraging you to think on your feet, work in groups, and possibly present
your work to the class. These exercises will not be formally graded, but I will count your level
of participation in these exercises along with your participation in class discussions (e.g.
1
answering questions posed to the class) in your final grade as indicated above. Due to the short
period between the second midterm and the final exam, we will do in-class exercises on specified
dates in lieu of an additional homework assignment. On these dates, I will be taking attendance.
There is no excuse for missing an exam unless there is a documented medical or family
emergency. Note that you are required to submit documentation of any emergency. In all other
cases, failure to take an exam will result in a zero for that exam. If a legitimate emergency
arises, other exams will be re-weighted; no make-up exams will be given. If you foresee any
legitimate conflict with the dates of the assignments or exams, please see me at least two weeks
beforehand or as soon as possible.
If you miss a class, you are responsible for obtaining notes on the material we covered from
another classmate. I encourage you to come to my office hours to discuss the material you
missed, but not before you have gone over the material yourself through notes and the textbook.
Homework is due in class at the beginning of lecture on the dates specified. Following a 15minute grace period, your grade will fall by 20% for every day that the assignment is late (with a
zero being the minimum obtainable score). This means that if the assignment is due at 10AM
and you turn it in at 11AM and you got 95/100, it will be recorded as 75/100. You may
collaborate with your classmates on homework, but each student must submit their own
homework and provide the names of any students with which he collaborated on the first page of
the assignment. It is important that you demonstrate that you are thinking independently as I will
compare your answers to those of other students in the class.
Campus policy regarding religious observances requires that faculty make every effort to
reasonably and fairly deal with all students who, because of religious obligations, have conflicts
with scheduled exams, assignments or required attendance. In this class, please see me at least
two weeks prior to any conflicts due to religious observances. See full details at
www.colorado.edu/policies/fac_relig.html
Other Policies
If you qualify for accommodations because of a disability, please submit to me a letter from
Disability Services in a timely manner so that your needs may be addressed. Disability Services
determines accommodations based on documented disabilities. Contact: 303-492-8671, Willard
322, and www.colorado.edu/disabilityservices
Students and faculty each have responsibility for maintaining an appropriate learning
environment. Students who fail to adhere to such behavioral standards may be subject to
discipline. Faculty has the professional responsibility to treat all students with understanding,
dignity and respect, to guide classroom discussion and to set reasonable limits on the manner in
which they and their students express opinions. Professional courtesy and sensitivity are
especially important with respect to individuals and topics dealing with differences of race,
culture, religion, politics, sexual orientation, gender variance, and nationalities. See polices at
www.colorado.edu/policies/classbehavior.html
www.colorado.edu/studentaffairs/judicialaffairs/code.html#student_code
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All students of the University of Colorado at Boulder are responsible for knowing and adhering
to the academic integrity policy of this institution. Violations of this policy may include:
cheating, plagiarism, aid of academic dishonesty, fabrication, lying, bribery, and threatening
behavior. All incidents of academic misconduct shall be reported to the Honor Code Council
([email protected]; 303-725-2273). Students who are found to be in violation of the academic
integrity policy will be subject to both academic sanctions from the faculty member and nonacademic sanctions (including but not limited to university probation, suspension, or expulsion).
Other information on the Honor Code can be found at www.colorado.edu/policies/honor.html
and at www.colorado.edu/academics/honorcode/
The University of Colorado Policy on Sexual Harassment applies to all students, staff and
faculty. Sexual harassment is unwelcome sexual attention. It can involve intimidation, threats,
coercion, or promises or create an environment that is hostile or offensive. Harassment may
occur between members of the same or opposite gender and between any combinations of
members in the campus community: students, faculty, staff, and administrators. Harassment can
occur anywhere on campus, including the classroom, the workplace, or a residence hall. Any
student, staff or faculty member who believes s/he has been sexually harassed should contact the
Office of Discrimination and Harassment (ODH) at 303-492-2127 or the Office of Judicial
Affairs at 303-492-5550. Information about the ODH and the campus resources available to
assist individuals who believe they have been sexually harassed can be obtained at:
http://www.colorado.edu/odh/
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The following is a tentative course outline, which is by no means an exhaustive list of all that we
will cover. Depending on how quickly we move through the material, I may revise it and repost
it on the course website. I will bring this to your attention if this is the case. It is to your benefit
to read the chapters indicated before the lectures in which they will be discussed.
Week
1
Dates
Aug 27-31
Fri, Dec 7
Dec 10-14
Fri, Dec 14
Material
Intro to Economic Development (ch.1, 2)
Theories of Economic Growth (ch.3)
--Measuring development, Harrod-Domar model
No Class--Labor Day
Theories of Economic Growth (ch.3), continued
--Solow model, absolute and conditional convergence
Theories of Economic Growth (ch.4), continued
--Human capital, technological progress & TFP
Inequality, Development, and Growth (ch.6,7)
--Measuring inequality, Inverted-U hypothesis
Poverty & Development (ch.8)
--Measuring poverty, poverty traps
HW1 due at beginning of lecture
Population & Fertility (ch.9)
--Demographic transition, positive & negative effects of population growth
Midterm 1 in class
Rural and Urban (ch.10)
--Rural-urban interactions
Migration (ch.10)
--Harris-Todaro model
Rural Markets (ch.11)
--Market imperfections in the rural context
Land Markets (ch.12)
--Land rental contracts, principal-agent problems, property rights
Labor Markets (ch.13)
--Work capacity & nutritional status, child labor
HW2 due at beginning of lecture
Credit markets (ch.14)
--Informal credit markets, alternative credit providers
Midterm 2 in class
No Class--Fall Break & Thanksgiving
Insurance (ch. 15)
--Perfect insurance, limits to insurance
In-class exercises in lieu of HW
International Trade & Trade Policy (ch.16, 17)
--Comparative advantage, import-substitution, export promotion
In-class exercises in lieu of HW
International Trade & Trade Policy, continued
Final Exam Review
Tue, Dec 18
Final Exam 7:30-10AM
Sep 3
2
3
Sep 10-14
4
Sep 17-21
5
Sep 24-28
6
Wed, Sep 26
Oct 1-5
7
Fri, Oct 5
Oct 8-12
8
Oct 15-19
9
Oct 22-26
10
Oct 29-Nov 2
11
Nov 5-9
12
Wed, Nov 7
Nov 12-16
13
14
Fri, Nov 16
Nov 19-23
Nov 26-30
15
Fri, Nov 30
Dec 3-7
16
4
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