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ECON 4784-001 Economic Development

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ECON 4784-001 Economic Development
Economics 4784-001: Economic Development
Fall 2010
MWF 11-11:50PM
Room: ECON 117
Class Website through CULearn:
https://culearn.colorado.edu/
No Class: 9/6 (Labor Day), 11/22-11/26 (Fall Break)
Professor Francisca Antman
Office: Economics 14b
Office Hours: Monday 2:00-4:30PM, Wednesday 10:00-10:30AM, 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. The approach taken in this
course is to touch on the many areas of interest to development economists to provide a broad
introduction to the field.
Prerequisites:
Economics 3070 (Intermediate Microeconomic Theory) or Econ 3080
(Intermediate Macroeconomic Theory).
Optional Textbook: Debraj Ray, Development Economics, Princeton University Press, 1998.
Grading
Midterm 1: 25%
Midterm 2: 25%
Final Exam (cumulative): 40%
In-class Exercises, Attendance & Participation: 10%
Class Policies
While there is no required textbook for this course, lectures are primarily drawn from the
textbook listed above. Thus, if you are having difficulty understanding a concept we have
discussed in class, you may find it useful to consult the textbook. 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. I will also assign articles from academic
journals that I would like for you to read for class discussion. A tentative list can be found in the
course outline below, but I may add articles from other sources as we move through the course.
In general, you will be responsible for material covered in lectures unless otherwise mentioned in
class or noted by email or on the course website.
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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
if necessary.
Throughout the semester, we will do in-class exercises that will help prepare you for exams
while also encouraging you to think on your feet, work in groups, and possibly present your
work to the class. These exercises may not be formally graded, but I will count your level of
involvement in these exercises along with your attendance and participation (e.g. answering
questions posed to the class) at regular intervals throughout the course. I may also ask you to
search for articles for discussion and answer related questions on articles which illustrate
economic problems we have considered in class. You will be given the opportunity to make up
for up to two lost participation points by turning in brief response papers to articles discussed in
class at the end of the semester. I may also present exam questions drawn from our class
discussions.
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
If you have a temporary medical condition or injury, see guidelines at
http://www.colorado.edu/disabilityservices/go.cgi?select=temporary.html
Students and faculty each have responsibility for maintaining an appropriate learning
environment. Those who fail to adhere to such behavioral standards may be subject to discipline.
Professional courtesy and sensitivity are especially important with respect to individuals and
topics dealing with differences of race, culture, religion, politics, sexual orientation, gender,
gender variance, and nationalities. Class rosters are provided to the instructor with the student's
legal name. I will gladly honor your request to address you by an alternate name or gender
pronoun. Please advise me of this preference early in the semester so that I may make
appropriate changes to my records. See policies at
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http://www.colorado.edu/policies/classbehavior.html
and at
http://www.colorado.edu/studentaffairs/judicialaffairs/code.html#student_code
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]; 303-735-2273). 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
http://www.colorado.edu/policies/honor.html and at
http://www.colorado.edu/academics/honorcode/
The University of Colorado at Boulder policy on Discrimination and Harassment, the University
of Colorado policy on Sexual Harassment and the University of Colorado policy on Amorous
Relationships apply to all students, staff and faculty. Any student, staff or faculty member who
believes s/he has been the subject of discrimination or harassment based upon race, color,
national origin, sex, age, disability, religion, sexual orientation, or veteran status 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, the above referenced policies and the
campus resources available to assist individuals regarding discrimination or harassment can be
obtained at http://www.colorado.edu/odh
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Economics 4784-001 Tentative Course Outline, Fall 2010
Week
1
Dates
Aug 23-27
2
8/30-9/3
3
Sep 6
Sep 8-10
4
Sep 13-17
5
Sep 20-24
6
9/27-10/1
7
8
Oct 4-8
W Oct 6
F 10/8
Oct 11-15
9
Oct 18-22
10
Oct 25-29
11
Nov 1-5
12
Nov 8-12
13
14
15
Nov 15-19
W Nov 17
F 11/19
Nov 22-26
11/29-12/3
16
Dec 6-10
Material
Intro to Economic Development (ch.1, 2)
--How should we measure economic development? (Discuss articles 1*)
--Millennium Development Goals (Discuss articles 2*)
Theories of Economic Growth (ch.3)
--Harrod-Domar model. Solow model.
No Class--Labor Day
Theories of Economic Growth (ch.3)
--Explaining cross-country income differences.
Theories of Economic Growth (ch.4)
-- Convergence hypotheses.
--“Divergence, Big Time” (Pritchett, JEP 1997)
Inequality, Development, and Growth (ch.6, 7)
--Measuring inequality. Inverted-U hypothesis. (Discuss articles 3*)
-- Self-perpetuating inequality.
Poverty & Development (ch.8)
--Measuring poverty. Poverty traps. (Discuss articles 4*)
--“The Economic Lives of the Poor” (Banerjee & Duflo, JEP 2007)
--“Halving Global Poverty” (Besley & Burgess, JEP 2003)
Midterm 1 Preparation, Exam, and Solutions Review
Midterm 1 in class
MT1 Review of Solutions in class
Population & Fertility (ch.9)
--“The Population Problem” (Dasgupta, JEL 1995)
--Demographic transition. (Discuss articles 5*)
--Externalities within the household. Positive and negative effects of pop. growth.
Environment
--Economic growth & environmental quality
--Environmental externalities (Discuss articles 6*)
Rural-Urban Interaction (ch.10)
--Lewis model of surplus labor.
--Harris-Todaro model of rural-urban migration. (Discuss articles 7*)
Agricultural Markets (Ch. 11)
--Market imperfections.
-- Moral hazard. Adverse selection.
Land & Labor Markets (Ch. 12 & 13: 12.1-12.3, 13.4)
--Sharecropping, Fixed rent, Fixed wage contracts.
--Poverty, nutrition, and labor markets (Discuss articles 8*)
--“Women’s Work” (Mammen & Paxson) & “Child Labor” (Edmonds & Pavcnik)
Midterm 2 Preparation, Exam, and Solutions Review
Midterm 2 in class
MT2 Review of Solutions in class
No Class--Fall Break & Thanksgiving
Credit Markets (Ch. 14: 14.1, 14.2, 14.5)
--Formal & Informal credit markets
--Alternative credit policies (Discuss articles 9*)
--“Microfinance Meets the Market” (Cull, Demirguc-Kunt, and Morduch, JEP 2009)
Review for Final Exam
In-class exercises
TUE 12/14 Final Exam 7:30-10PM
*See course website for discussion articles
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Additional Readings
The more recent articles listed below can be accessed at
http://www.aeaweb.org/articles_search.php
For older articles, visit
http://www.jstor.org/
Banerjee, Abhijit and Esther Duflo. 2007. “The Economic Lives of the Poor.” Journal of
Economic Perspectives, 21(1): 141-167.
Besley, Timothy and Robin Burgess. 2003. “Halving Global Poverty.” Journal of Economic
Perspectives, 17(3): 3-22.
Cull, Robert, Asli Demirguc-Kunt, and Jonathan Morduch. 2009. “Microfinance Meets the
Market.” Journal of Economic Perspectives, 23(1): 167-192.
Dasgupta, Partha. 1995. “The Population Problem: Theory and Evidence.”
Economic Literature, 33(4): 1879-1902.
Journal of
Edmonds, Eric and Nina Pavcnik. 2005. “Child Labor in the Global Economy.” Journal of
Economic Perspectives, 19(1): 199-220.
Mammen, Kristin and Christina Paxson. 2000. “Women’s Work and Economic Development.”
Journal of Economic Perspectives, 14(4): 141-164.
Pritchett, Lant. 1997. “Divergence, Big Time.” Journal of Economic Perspectives, 11(3): 3-17.
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