Development economics ii is a threecredit and onesemester undergraduate course for economics student. In classical discussion, economics is a positive science. Emmanuel saez, and many other colleagues whose comments and lecture notes contributed to the development of these slides. Cultural diversity and comparative development lecture notes 12. This course guide gives you an insight to development economics and follow upcontinuation to development. Concepts and approaches economics of development refers to the problems of economic development of underdeveloped countries. Notes for a course in development economics debraj ray version 3. This section provides the lecture notes from the course and the schedule of lecture topics and.
Download notes for a course in development economics download free online book chm pdf. The guide to the readings, through bibliography as well as web sites with links to development resources, makes this book useful for students writing research papers. My goal in these notes is to talk about some of these chickenandegg situations, in which underdevelopment is seen not as a failure of some fundamental economic parameters, or sociocultural values, but as an interacting equilibrium that hangs together, perhaps. In this way, economic theory formed the basis on the basis of certain decisions are made that are used for regulating and directing the reproduction. Lecture 1 introduction to comparative economic systems. Ray, debraj 1998, development economics, prineston university press. Ag econ 5 agricultural development and policy analysis.
The policy implication is that indigenous economic and social development in third world social formations must be fundamentally predicted upon the removal of industrial capitalist penetration and dominance. It encompasses many different schools of economic thought. Lecture 11 gender and development learning objectives understand why gender perspective is important in development initiatives recognize the variety of development perspectives that address gender issues background gender equality is central to economic and human development. The lecture notes are meant to be read along with the textbook. Development economics 355 lecture notes todarosmith ch. Nevertheless, there is a broad, eclectic role for government in. Notes for the lecture on development aid the paper on the curriculum covers a lot of stu. Introduction to development fall 2008 focus on institutions and policies is the result of research on comparative economic performance which has produced some critical stylized facts.
It is nothing but proper arrangingordering of relevant parts from the sources indicated at the end of the note with dataphoto additions. Chapter 1 introduction open a book any book on the economics of developing countries, and it will begin with the usual litany of woes. Development economics asst prof yan jubo school of social sciences email. Rauch 2000 leading issues in economic development, oxford university press.
Development must be marketbased, but there are large market falures can not be ignored 2. Development economics 355 lecture notes 31 week 34 notes ts ch. Lecture notes economic growth economics mit opencourseware. I will bring printed lecture notes for most lectures. Factor accumulation does not account for the bulk of crosscountry di.
A framework for economic policy analysis camille landais stanford university january 3, 2010. The lecture notes are in no way intended as a substitute for the textbook. Origins and longrun consequences of the division of labor lecture notes. Notes for a course in development economics download book. Population, development and economic growth changes in pop affect consumption needs and productive capacity of economy if labor only factor of production, crs double labor means double y y constant. Without theory, the developer can do only what is politically feasible. Lecture notes in development economics course aims this course is meant to provide students, by means of theoretical approach, with the understanding of the issues characterizing economic development. In this lecture notes we give an overview of the global practices and theories covering the u. Definition of research, definition of development, reasons for research, difference between research and development.
Modern economics and mathematics, individual decision making, consumer theory, production theory, choice under uncertainty, strategic behavior and markets, game theory, theory of the market, general equilibrium theory and social welfare, normative theory of equilibrium. Acemoglu, introduction to modern economic growth,princeton university press, 2009. Raghuram professor and university head department of agricultural economics s. Agricultural development is thus a field of many disciplines, but economics has provided the main intellectual framework for analysis of what policies to follow that will speed the process of raising rural productivity and wellbeing. World development report 1984, table 1, wdr 2006, tab 1 and wdi 2003, tables 2. Shortrun costs and output decisions why does a firm maximize its profit where marginal revenue equals marginal cost. Development economics lecture notes 4 alper duman april 2, 2009 alper duman development economics lecture notes 4. Lecture notes course home syllabus calendar readings. It is composed of two modules addressing the relationship between growth. Lecture notes financing economic development urban. It seeks to explain what the problem is and how it tends to be solved. Manpower development introduction of labour economics. Early positive models of development plan of lecture a.
Empirical research questions in economics are often questions that try to understand the causal. Applied development economics, tim hinks, university of the west of england powerpoint slides from a third year option at the university of bath, 200810. The concept of economic growth and development economic growth include changes in material production and during a relative short period of time, usually one year. Eie 510 lecture notes research methodology 1 unit course details introduction. Lecture notes in sustainable local economic development. We will discuss later what explains this pattern and development. The vicious circle of poverty a world development report b a quiet violence. Parts of the lecture notes are alternative presentations of stu. Local economic development has many practices and theories as well as many other disciplines. Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods. Hymajyoti assistant professor agricultural college rajahmundary.
Lecture notes economic growth and comparative development. Pdf an overview of development theories lecture notes iii. However, it is a weak test of these theories, since economic development not only may create a demand for good government and institutional change, but may also be a function of the quality of institutions. Chapter 7 economic development notes in pdf 10th class. Human capital, economic development and growth quality of labor vary. Geographical isolation and comparative development lecture notes 11. History of economic thought i eco 307 lecture notes. Developing countries, notwithstanding the enormous strides they. The course is made up of seventeen units spread across fifteen lectures weeks.
Extreme income inequality leads to economic ine ciency. Cbse notes class 10 economics chapter 1 development. Some parts of the lecture notes are alternative presentations of stu. Lucas the problem of economic development is to account for the observed pattern across countries and across time in levels and rates of growth of per capita income is this all. In the early days, the focus was on problems that were statistic in nature and largely related to a western european framework of social and cultural institutions. Environmental economics is the study of how the economy a.
Wayne nafziger is university distinguished professor of economics at. The dorchester bay economic development loan fund provides a case example to examine market analysis issues in designing economic development financing programs. History of economic thought i eco 307 lecture notes introduction and definitions history of economic thought deals with different thinkers and theories in the subject that became political economy and later economics, from the ancient world to the present day. Distinctions of early positive development economics b. We look at departures from the neoclassical framework of unique equilibrium and perfectly functioning markets. This section provides the lecture notes from the course and the schedule of lecture topics and instructors. Ten lessons 1 introduction development is a dynamic process that provides an opportunity to pursue a life that is secure and in which basic needs are met. Post1991 period this lecture note was prepared by the instructor sthanu r nair, indian institute of management kozhikode for the sole purpose of student learning. Literature survey, research proposal writing, data collection and analysis, data mining, presentation of. Lucas the problem of economic development is to account for the observed. Social problems can thus be explained by abstract theoretical tools or by empirical methods. Geographical origins and economic consequences of language structures lecture notes 10. Development as a resource reallocation issue and structuralism. The main literature for the lectures, are these notes.
Economic development refers to economic growth accompanied by changes in output distribution and economic structure. It is a good idea to have a more complete textbook for reference and to find more exercises and solved problems. This four volume collection of seminal readings is therefore rooted in the economics of agricultural development. The problems range from economic growth in the long run, to government finances in the intermediate run, and economic stability in the short run. This fundamental question has been on the mind of economists since adam smith wrote the wealth of nations in 1. This note uses the tools of macroeconomics to study various macroeconomic policy problems indepth. January 2018 1this lecture notes are for the purpose of my teaching and convenience of my students in class. Design issues and methods faced in the term projects will also be discussed.
Open a book any book on the economics of developing countries, and it will begin with. Paczkowski rutgers university lecture 1 introduction to comparative economic systemsfall semester, 2008 8 59. This paper uses us standards for spelling and punctuation sustainable economic development. The lecture notes contain many references to the textbook by daron acemoglu, introduction to modern economic growth princeton university press, 2009. Lecture notes to accompany development economics ramesh.
August 2018 1this lecture notes are for the purpose of my teaching and convenience of my students in class. There is a number of good mathematics for economistsbooks which. Note that in 1820, when growth started to pick up in europe and its. The scope of economics lies in analyzing economic problems and suggesting policy measures. Wayne nafziger is university distinguished professor of economics at kansas state university. Development as a resource accumulation issue and growth. Economics problems, scope of economics and its branches, now, we introduce labour economics which is a subdivision of economics. Rural development is a process of change, by which the efforts of the people themselves are united, those of government authorities to improve their economic, social and cultural conditions of communities in to the life of the nation and to enable them to contribute fully to national programme. Population, development and economic growth these notes are based on a draft manuscript economic growth by david n. Lecture notes for political economy of institutions and development. Extreme income disparaties undermine social stability and solidarity. In previous lectures on economics adequate attention has been given to the concept of economic. Aeco 142 agricultural finance and cooperation compiled by dr.
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