Course Outline-Econ 383

Course Outline-Econ 383 - University of Waterloo Department...

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Course Outline Econ 383 Pg 1 University of Waterloo Department of Economics Econ 383: Economic Development for Fragile Countries Winter 2011 Instructor : Nafeez Fatima Office : Hagey Hall 105 Phone: 519-888-4567, ext. 38771 E-mail Address: [email protected] Office Hours: Fridays from 1.00 pm to 4.00 pm (Other times by appointment only) Lecture Hours and Location: Thursdays from 6.00 pm to 8.50 pm in MC 4040 Course Objectives: Economic development is a gradual process by which the per capita income of a country increases over time given that the number of people below the poverty line does not increase and that the distribution of income does not become more unequal. Econ 383 is an introductory course in economic development. In this course, we will focus on several topics that are central and unique to low the income countries of Asia, Africa and Latin America. In the first part of the course, we will look into the internal dimensions of development; the economic structure of developing countries. Topics will include the definitions development and underdevelopment, the issue of poverty and inequality, population growth, the role of agriculture in development, land institutions and land markets, rural-urban migration and urban unemployment .The second part of the course will highlight the external dimensions of development including the topics of international trade strategies and the effectiveness of foreign aid. Some questions of concern will
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Course Outline Econ 383 Pg 2 include: What is the definition of development? How do we measure development? What are the underlying assumptions used by the development models and are they realistic? What are the similarities and differences among the developing nations? Do they have some common characteristics? Who are poor and what are their economic characteristics? What is so bad about high levels of inequality? What are the linkages between population growth and economic development? What is the economic rationale for migrating to cities? Is environmentally friendly development economically viable? After completion of this course, the students will be able to apply the tools of economic analysis to the problems and challenges facing the low income countries. Prerequisites: Econ 201 & Econ 202. Required Textbook: Todaro, P. Micheal and Stephen C. Smith, Economic Development, 10th Edition, Pearson Wesley Publishers Limited, 2009. Recommended Textbook (purchase not required): Ray Debraj, Development Economics , Princeton University Press, 1998. Other Useful Textbook: Gillis, Malcolm, Dwight Perkins, Micheal Roemer and Donald Snodgrass, Economics of Development , 5th edition, 1996. Meier, M. Gerald, Leading Issues in Development Economics , 8th edition, 2005.
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Course Outline Econ 383 Pg 3 Resources: Course related materials including lecture notes will be posted on UW-ACE at: 1111 ECON 383: Special Topics It is highly recommended that students attend the lectures and read the textbook.
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