Learning Outcomes

After completing the course, the student is expected to be able to:
• describe the basic characteristics of a developing economy
• explain the differences between economic growth and development and discuss different measures of development
• verbally and graphically explain growth theories and describe their shortcomings for developing countries
• identify the basic problems in developing countries
• survey and examine suitable economic policies for solving different development problems

Content

The course begins with a short survey of the characteristics of developing economies and presents different measures that are used to measure development as well as a discussion of economic growth versus development. Then, different growth theories are analyzed followed by a discussion of the role of the state in the development process, in theory and in a historical perspective. The rest of the course attempts to deal with special questions such as:
What is meant by poverty and how is it measured? What is the link among economic growth, poverty and income distribution? Is the swift population growth a serious problem? What have the education- and health trends been for these countries in the last few decades and what are the future prospects? Are these countries to become industrialized at the expense of agriculture? What is meant by foreign aid and globalization, how are the developing countries affected?
The discussions also cover various economic policies that can be beneficial for development. Agricultural policy, industrial policy and trade policy are a few such examples. During the course, several examples are used from developing countries in Asia, Africa and Latin America in order to better illustrate different aspects of the issue of development.

Instructions

The instruction is in English. It consists of lectures as well as seminars.

Assessment

The assessment consists of a written exam.