This course is aimed to understand the core issues of developing economies. The course equips students with theoretical meaning of economic development and economic growth. The course builds the necessary skills in students to apply development theories in solving the burning problems of the developing world. It helps to understand structure and functioning of institutions, markets, and policies adopted in the developing countries to accelerate welfare of their citizens. The course covers theories of economic growth and models and their application pertaining to contemporary issues of the developing world, such as poverty, income distribution, unemployment, and macroeconomic destabilization.
Course Objectives & Learning Outcomes:
At the end of this course, and having completed the essential readings, students should be able to:
- demonstrate a good level of understanding of key economic issues in developing countries
- outline the main theories and concepts in development economics
- discuss the major policy issues and problems in developing countries
- apply economic theory to the analysis of theoretical and policy issues important in the economics of development.
Microeconomics-I and Macroeconomics-I
Texts and References:
- Balasubramanyam V. and Lall, S. (1992), Current Issues in Development Economics. McMillan , London.
- Cypher J. M. and Dietz James L., (2004), The Process of Economic Development, Routledge. Tayl or Francis Group, London/New York.
- Ghatak Subarta, (2003), Introduction to Development Economics, Routledge, Taylor and Francis Group, London/New York.
- Mahboob-ul-Haq Center for Human Development (MHCHD). Human Development in South Asia, Annual Reports, Islamabad.
- Mahboob-ul-Haq Center for Human Development (1999). A Profile of Poverty in Pakistan, (In Collaboration with UNDP).
- Meier Gerald M., Leading Issues in Economic Development, (Latest Issue), Oxford University Press.
- Thirlwall, A.P., (2003), Growth and Development, With Special Reference to Developing Economies 7th edition, Palgrave Publisher.
- Todaro M. P., Economic Development in the third World. Latest Edition, Heinemann, London.
- Van Den Berg H., (2001), Economic Growth and Development, McGraw Hills.
- William, Easterly, Growth without Development, A Case Study of Pakistan, World Bank.