This course introduces students to typical topics in development economics. Both micro and macro issues in development economics will be covered. For example, we will discuss rural credit issues. Informal money lenders, such as landlords and shopkeepers, offer loans with high interest rates in rural credit markets. What prevents formal lenders, such as government and commercial banks, from participating in rural credit markets in spite of the prevalent high interest rates? For another example, we will study agricultural land tenancy. In Latin American countries, land tenancy is largely in the form of fixed rent, whereas Asian tenancy is characterized by a high incidence of sharecropping. Where does the difference come from?
Another objective is to understand challenges of empirical research. Why is empirical research in social science difficult? What are the limitations of OLS?
Empirical Identification Problems
1. Human capital issues 1: Health and development
2. Human capital issues 2: Return to health (Empirical identification problems 1)
3. Human capital issues 3: Return to education (Empirical identification problems 2)
4. Human capital issues 4: Return to education (Empirical identification problems 3)
Micro-side of Development
5. Intra-household economics
6. Labor issues - Migration
7. Land issues - Tenancy
8. Credit issues – Rural financial institutions
9. Credit issues - Microfinance
10. Risk coping and consumption smoothing
Macro-side of Development
11. Growth model 1
12. Growth model 2
13. Growth model 3
14. New growth theories
Required textbook: Debraj Ray, Development Economics. 1998. Princeton University Press.
Other textbooks (not required):
Lynn, Stuart R. 2003. Economic Development: Theory and Practice for a Divided World. Prentice Hall.
Coyle, Diane. 2008. The Soulful Science: What Economists Really Do and Why It Matters. Princeton University Press. This book by Coyle is entertaining than a usual textbook on the growth models and related issues we will discuss in classes. This book is targeted for non-economists although its contents are solid (from the viewpoint of economists). The whole book is interesting but Chapters 1, 2, and 3 are especially relevant to the growth models and related issues we will discuss in classes.
The above books are owned by NAGOYA University Libraries.
Lectures including course materials and the final exam are given in English.
Basic calculus, Basic statistics, Intro econometrics, Basic microeconomics, and Basic macroeconomics