TOPICS IN DEVELOPMENT ECONOMICS
This course is concerned with the economic analysis of selected microeconomic topics in economic development. A major focus will be on the behavior of individuals and households, and their interactions with local markets and institutions. Our emphasis will be on the application of economic theory, and empirical analysis to a host of questions that have potentially important policy implications for these countries. Empirical methods will range from random assignment to more structural modeling. The course will illustrate how economic models can provide valuable insight into this behavior, and how the empirical content of these models can be used through the use of appropriate data and empirical methods.
ECONOMIC DEVELOPMENT OF CHINA
Economics 435/2738 is a half-year course that examines the economic development of China. Although much of our attention will be directed towards an assessment of the post-1978 economic reforms in China, we will take a longer perspective on the growth process, and consider both the Chinese economic system between 1949-1978, as well as the pre-1949 economy.
Despite the size of the class–I anticipate 20-25 students–I hope to run this class like a seminar, with active participation on the part of students. If you are looking for a course in which only the professor talks and you listen, then perhaps this isn’t the course for you. On the other hand, if you are look for a course in which you (we) tackle some difficult, but topical questions that have great bearing on today’s international economy, then perhaps this will be to your liking.
The primary purpose of the tutorials will be to go over problems that will be assigned as part of Aplia and other materials posted on the course website (accessed through the class website on Blackboard). Microeconomics is best learned by doing, and not by memorizing. Working through problems and past exams is one of the best ways to learn how to do microeconomics.