The course examines some basic elements of development approaches and economic development theories. Issues of income, poverty, inequality, the functioning of institutions, agricultural production, structural transformations and issues related to the field of financial intermediation are brought in to give a different breath to economic theory.
What are the main theories of development?
What is meant by the ‘growth model’?
What is the developmental impact of economic variables?
How is the world economy developing?
The emphasis is on dynamic models of growth and development.
Topics include:
- migration
- the modernisation of economic life
- technological change
- static and dynamic theories of political economy
- the dynamics of income distribution and institutional change
- the structure of firms in developed countries
- the transparency and functioning of financial markets
- privatisation
- the banking credit and operating system; and
- the operating framework of emerging markets.