Dr Ijaz A. Qureshi www.IjazConsulting.com

The University of Lahore Lahore Business School

Development Economics Spring 2016 BBA- 02131 University Of Lahore Lahore Business School

Instructor: Zaigham Abbas Khan Email: Zaighum.abbas@lbs.uol.edu.pkOffice:1st Floor- Management Sciences Block Office Hours: Tue, Thu, Fri 9:30-4:30, Mon, Wed 9-3Page 1 of 3

Room: 12Class Day: Monday and Wednesday Subject: Development Economics

Course Description:Development Economics focuses on topics central to the growth and economic development of both developed and developing nations. The course will include a project in which you are expected to present and discuss recent papers in development economics and growth.Goals of the course: This course provides students with an understanding of economic theories and analysis in the field of development economics. The course is designed to deal with a selection of issues and problems facing the developing economies. The topics will primarily cover macroeconomic theories of development with appropriate micro-foundations as well as quantitative analysis of the data based on the theoretical insights from those models.Methods of InstructionLectures, class discussions, projects, videos, and various individual and group assignments. I use Blackboard as well as an overhead projector to deliver the course materials and information. You are required to be familiar with all the information I impart in class or send via e-mail, namely this syllabus and the class outline and list of readings, all assignments, supplemental readings, and my power point presentation lecture notes.

Grading Grading will be based on the following: 15%.......................................Quiz 15%.......................................Assignment 25%.......................................Mid Term paper40%.......................................Term paper

EvaluationGrades will be assigned based on the following percentage of total points received from projects, quizzes, homework assignments, and exams.A...80% and aboveB...70% to 79%C60% to 69%D50% to 59%F 49% and below

Required Text:Economic development Michael P.Todaro, Stephen C. Smith. Policy on plagiarism No tolerance and results in at least a failing grade. See university policy for more information.

Policy on cheating No tolerance and results in at least a failing grade. See university policy for more information.

In-class ethics Out of respect for others, have cell phones turned off in class. If you get a call that you need to receive, please leave the classroom to take it and do not return for the rest of the class. No side conversations other than those during classroom exercises.

Course Outline:WeekContentsClass Activity and Case studiesOutcomes of the Topic

1-2Economics, Institutions, and Development: A Global perspectiveDiverse Structures and Common Characteristics of developing nationsHistoric Growth and Contemporary Development: Lessons and ControversiesProgress in the struggle for more meaningful development: Brazil

Comparative Economic development: Pakistan and Bangladesh

Quiz 1Assignment 1

The Core Values of Development, Objectives, Globalization, GNP, GDP, Developing Countries, PPPs, Income Inequality, Extent of Poverty

3-5Historic Growth and Contemporary Development: Lessons and ControversiesClassical theories of development: A comparative analysisContemporary models of development and underdevelopmentSchools of thought in context: South Korea and Argentina

Understanding a development miracle : China

Quiz 2Assignment 2

Kuznets' six characteristics, Rostow's theory, The Harrod-Domar model,The Lewis model,Chenery's patterns of development, Dependency theory, Neoclassical theory, Solo Growth Model

6-7Inequality and PovertyPopulation growth and economic development: causes, consequences and controversiesInstitutions, Inequality and Incomes:Ghana and Cote d Ivoire

Population, Poverty and Development : China and India

Quiz 3Assignment 3Global Poverty Monitoring, Econometric Methods for Estimating Growth, Poverty and Inequality Regressions, The dependency burden, The hidden momentum of population growth, The demographic transition

8-9Urbanization and rural urban migration: theory and policyHuman Capital: Education and health in Economic developmentRural-Urban migration and urbanization in developing countries:India and Botswana

Pathways out of poverty: Progresa/Oportunidades

Quiz 4Assignment 4

Urbanization trends and projections, Todaro Model, Policy options for limiting rural-urban Migration, Human Capital Approach, Bad Equilibrium

10-11International Trade theory and development strategyBalance of Payments, Debt, Financial crises, and Stabilization PoliciesA pioneer in development success through trade: TaiwanTrade, Capital flows, and Development strategy: South KoreaQuiz 5Assignment 5The traditional neoclassical model, Theory of Comparative Advantage, Free Trade, Recent trends in LDC bop accounts, Debt Crisis, IMF policy of Macroeconomic Stabilization

12Foreign Finance, Investment and Aid:Controversies and OpportunitiesFinance and Fiscal policy for developmentAfrican success story at risk: BotswanaMaking microfinance work for the poor: The Grameen Bank of BangladeshQuiz 6 Assignment 6Private foreign direct investment and portfolio investment, Foreign Aid, structure of LDC financial and fiscal systems, monetary and fiscal policy challenges, The economic impact of large military expenditures

Supplementary reading:

Textbook that provides another perspective on the same material:

Economics for a Developing World, 3rd Edition, Michael P. Todaro

Development Economics, Grard Roland.

Economics of Poverty and Discrimination, the10th Edition, Bradley Schiller

Money Changes Everything, How Global Prosperity is Reshaping Our Needs, Values, and Lifestyles, Peter Marber.

Saving Adam Smith, a Tale of Wealth, Transformation, and VirtueJonathan Wight

Economic Growth: International Edition, 3rd Edition, David Weil.

There will not just be one book recommended to the whole class. Students are advised to consult different books present in LBS Library. For further information about books, please contact library staff.

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