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B016434 - DEVELOPMENT MACROECONOMICS
Main information
Teaching Language
Course Content
Suggested readings
Learning Objectives
Teaching Methods
Type of Assessment
Course program
Sustainable Development Goals 2030
Academic Year 2023-24
Coorte 2023 - Second Cycle Degree in ECONOMICS AND DEVELOPMENT
Course year
First year - Second Semester
Belonging Department
Economics and Management (DISEI)
Course Type
Single education field course
Scientific Area
SECS-P/02 - ECONOMIC POLICY
Credits
9
Teaching Hours
72
Teaching Term
19/02/2024 ⇒ 31/05/2024
Attendance required
No
Type of Evaluation
Final Grade
Course Content
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Course program
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Lectureship
Teaching Language
English
Course Content
The course compares standard macroeconomic models with models suited to analyze the economics of developing countries. Both short and long-term models will be examined and compared. The course also introduces students to recent contributions from the literature.
Suggested readings (Search our library's catalogue)
The Macroeconomics of Developing Countries, teaching notes by Giovanni Andrea Cornia
Suggested further reading:
Economics of Development By Thirwall and Pacheco-Lopez
Selection of journal articles provided by the instructor at the beginning of the course.
Suggested further reading:
Economics of Development By Thirwall and Pacheco-Lopez
Selection of journal articles provided by the instructor at the beginning of the course.
Learning Objectives
At the end of the course students are expected to be able to understand the differences among standard macroeconomic modelling and the macroeconomics of developing countries. Students will also develop the capacity to read a journal article critically.
Teaching Methods
Lectures, and team works and presentations
Type of Assessment
Students must develop a critical understanding of macroeconomic modelling, in particular with respect to issues typical of developing countries. In addition, given specific (and real) country contexts, they are also expected to navigate across the different and most suitable approaches that can explain differences across countries. Finally, they must also develop the capacity of understanding and synthesizing high-level scientific literature.
Course program
1. Genesis, context, focus, historical evolution and main accounting relations of
standard macroeconomics: a brief overview
2. Long-term supply-side models of potential growth
3. Demand-side models of determination of income level over the short-term
4. Genesis of development macroeconomics and national accounts in DGCs.
5. Main structural differences between DDC & DGC affecting macroeconomics
6. Main institutional differences
7. Differences in main behavioural relationships between DGCs and DDCs
8. The Solow model for low-income DGCs
9. Long-term growth in DGC reliant on land and natural resources
10. Resource abundance and Dutch Disease, long-term growth & inequality
11. Long-term growth in DGC with a large informal sector: Loyaza model
12. Rapid population growth and long-term development
15. Balance of payments constrained growth models
16. How do Neoclassical Growth models fare in Low-Income countries?
17. Models of macroeconomics stabilization of monetary inspiration for DGCs
18. Macroeconomics reforms of the 1980s-1990s, inequality, growth and poverty
19. A macroeconomics for growth and poverty reduction in the DGCs
20. Gender issues and economic development
The content of the course is complemented with other topics that vary according to the choice of journal articles.
standard macroeconomics: a brief overview
2. Long-term supply-side models of potential growth
3. Demand-side models of determination of income level over the short-term
4. Genesis of development macroeconomics and national accounts in DGCs.
5. Main structural differences between DDC & DGC affecting macroeconomics
6. Main institutional differences
7. Differences in main behavioural relationships between DGCs and DDCs
8. The Solow model for low-income DGCs
9. Long-term growth in DGC reliant on land and natural resources
10. Resource abundance and Dutch Disease, long-term growth & inequality
11. Long-term growth in DGC with a large informal sector: Loyaza model
12. Rapid population growth and long-term development
15. Balance of payments constrained growth models
16. How do Neoclassical Growth models fare in Low-Income countries?
17. Models of macroeconomics stabilization of monetary inspiration for DGCs
18. Macroeconomics reforms of the 1980s-1990s, inequality, growth and poverty
19. A macroeconomics for growth and poverty reduction in the DGCs
20. Gender issues and economic development
The content of the course is complemented with other topics that vary according to the choice of journal articles.
Sustainable Development Goals 2030
SDG 1, SDG 8, SDG 10