- Code IDEC8022
- Unit Value 6 units
- Offered by Crawford School of Public Policy
- ANU College ANU College of Asia and the Pacific
- Course subject International and Developmental Economics
- Areas of interest Economics
- Academic career PGRD
- Prof Budy Resosudarmo
- Mode of delivery In Person
Second Semester 2021
See Future Offerings
This course is available for in-person and remote (online) learning.
The course deals with the principal issues of economic development, with the objective of preparing students for advanced study and policy-oriented research in this subject area. Emphasis will be on economy-wide aspects of economic development, with special references to international dimensions of national development policy making. The basic approach is to present the relevant theory, examine the empirical validity of alternative models and draw out their policy implications. Major policy issues are discussed with illustrations from actual experiences in selected developing countries. As an integral part of the course, an attempt will be made to train students to collect and interpret data on developing economies. The course is intended for students in the Master of International and Development Economics or the Master of Public Policy.
Upon successful completion, students will have the knowledge and skills to:
The purpose of the course is to introduce students to the wide-ranging policy issues and theories in development economics. On satisfying the requirements for this course, students will have the knowledge and skills to critically evaluate economic problems of developing countries and to effectively participate in the contemporary policy debate on development priorities and policy reforms in these countries. It is hoped that the course will help students in defining topics for their doctoral research.
Week 1: Economic development: concept and measurement
Week 2: Growth, development and poverty: a historical overview
Week 3: Economics of growth and development
Week 4: Economics of growth and development (continued)
Week 5: Agriculture and rural development
Week 6: Industrialization
Week 7: Population dynamics, employment and labour mobility
Week 8: Domestic financing of economic development: saving and financial intermediation
Week 9: Globalization and economic development foreign trade
Week 10: Globalization and economic development: foreign direct investment and
Week 11: Globalization and economic development foreign aid and commercial lending
Week 12: Managing an open developing economy: exchange rate and balance of payments policy
Week 13 Political economy and economic reform
Mid-Semester Examination 25%, Review essay 25%, Final Examination 50%
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Students should expect to spend at least 10 hours per week relating to the course (including class time).
Perkins, Dwight H., Steven Radelet and David L. Lindauer, Economics of Development, Seventh Edition, New York: W.W. Norton, 2013.
For the review essay
Read one of the four books listed below and write a critical review of it in the light of what you have learned in the course.
(1) Acemoglu, Daron and James A. Robinson (2012), Why Nations Fail: Origin of Poverty, Prosperity and Poverty, New York: Crown Publisher.
(2) Edwards, Sebastian , (2010), Left Behind: Latin America and the False Promise of Populism, Chicago, ILL: Chicago University Press.
(3) Lin, Justin (2012), The Quest for Prosperity: How Developing Countries Can Take Off, Princeton, NJ: Princeton Universty Press.
(4) Sachs, Jeffrey D. (2008), Common Wealth: Economics for a Crowded Planet, New York: Penguin Press.
Selected journal articles and chapters/section of books (available as a reading brick from Student Services, Level 1, JG Crawford building. The Student Services desk is open Monday-Friday 9:00 – 5:00))
Tuition fees are for the academic year indicated at the top of the page.
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- 6 units
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