1st Semester, 2009-2010
As the core discipline subject of the DID’s Economic Development Policy & Management (EDPM) Program, this course offers key principles and issues of Economics of Development bearing the needs of first-time learners in mind. Topics to be covered are: 1) the role of economic development in “development” and poverty reduction (in conjunction with attaining the MDGs); 2) the evolution of economic development thoughts; 3) the stylized facts in economic development (open and closed questions); 4) theories of development (traditional and new growth theories); 5) dualistic development and structural change (growth, poverty, and income distribution; rural-urban dichotomy); 6) education and development; 7) sustainable development (the environment and development); 8) trade and development (import substitution, export promotion, and globalization); 9) financing development (capital and saving, financial system and development); 10) guiding development―markets vs. controls (the role of government in development, good governance); 11) development and institutions; and 12) new development challenges in the 21st century (globalization, international economic system, peace building, growth fetishism (?), etc.)
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to be provided | Course Evaluation Sheets !!
You (either you are registered or auditting students) will be requested to fill one of the following course evaluation sheets and submit them in the lecture on July 14 or July 21. Development Economics 2009 Course Evaluation Sheet (English) These will be used for me to improve the contents of this course for future students. Your kind inputs will be most highly appreciated. Thank you in advance. Instructor: Prof. Shigeru T. Otsubo |
to be provided | Final Exam
Final Exam for Development Economics 2009 will be a take-home exam. I will give you exam sheets (in return to your Course Evaluation Sheets) and explain grading policies in July 14 lecture. |
July 3, 2009 |
Market Experiments -- Results from Part I: Forces of the Markets? ME_I_Perfect Competition Download and analyse the results from our market experiments on June 30. |
June 22, 2009 | Japanese Development Experience & Japnase Market System(s)
On June 14 and 21 (if not a sit-in exam), we will review Japanese development experience and Japanese market systems. There will be another lecture given during the couse of JADE (Japanese Development Experience), a reuired course in the second semester. However, these sessions will be a great opportunity for you to ask about Japanese development models. You should download and read the following note before you come to the presentation/discussion. |
June 22, 2009 |
Market Experiments -- Part I: Forces of the Markets? Starting on June 23, we will conduct market experiments so that you can feel/understand the market forces for us to discuss the key isseus of markets vs. goverrment controls/coordination for development. On June 23, 30 and July 7 lectures, classes may strech over 12 noon so that we can finish experiments in suitable blocks. Prepare for quick lunches. Bring a caluculator with you to these market experiment sessions!! I will post the results from our experiments in this BB. Evaluate the results by yourselves before you come to the next session. Reading Requirements Market Experiments: The Feel of Market Forces & The Roles of Governments **Prof. Otsubo's Materials for Market Experiments (to be distributed in the class). **Joseph E. Stiglitz, Principles of Micro-Econonmics, 2nd ed., W.W. Norton & Co., 1997 (Or any other edition). *Joseph E. Stiglitz, Economics of the Public Sector, 3rd ed., W.W. Norton & Co., 2000. For those who are interested in Experimental Economics:
**Economic Development, 10th (or 9th) ed. **Development as Freedom. *Yoichiro Ishihara, "Economic Governance and Economic Performacne in Developing Countrires," Forum of International Development Studies, Vol. 19 (Oct, 2001) *Leading Issues in Economic Development, 8th ed., Chapter IX. *World Bank, World Development Report 2002―Builidng Instituions for Markets, 2002.
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May 18, 2009 | May-June Lectures: Growth Theories & Structural Models
Starting on May 27, we will deal with Growth Theories/Models. You are supposed to work on the required readings (**) in May 19, 26 Lectures: **Robert J. Barro, Determinants of Economic Growth: A Cross-Country Empirical Study, MIT Press, 1997.
***Economic Development, 10th (or 9th) ed., Chapter 3.
**Economic Development, 10th (or 9th) ed., Chapter 4. **Economic Development, 9th ed., Chapter 7.
********************************************************************************** Students in Rural/Regional Development Program should also read: Chapter 7: Urbanization and Rural-Urban Migration (remaining sections), AND Chapter 9: Agricultural Transformation and Rural Development. **********************************************************************************
********************************************************************************** Students in Education/Human Resource Development Program should also read: Chapter 8: Human Capital: Education and Health in Economic Development AND *Galor, Oded and J. Zeira, "Income Distribution and Macroeconomics," Review of Economic Studies, Vol. 60 (1993), pp. 35-52. **********************************************************************************
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March 30, 2009 (Updated on April 13) |
First lecture of 'Development Economics' (EDP&M Core Course) will meet on Tuesday, April 14 in the #3 Lecture Hall (10:30 a.m. - 12 noon). In this first meeting of Development Economics, I will explain the design of the EDP&M course, and how the lectures of the course are inter-related.
April 14: Introduction to 'Development Economics' 1) Visit online course syllabus from the top page (to be updated by April 14). 2) Download course discussion materials as we go. For the month of April, you should read the required (all) and recommended (as much as possible) entries in the Stylized Facts & Evolving Principles in Economic Development section of reading list in our online course syllabus. April Lectures: A review of development thinking by economists will be presented, focusing on what development economists thought the major cause(s) of poverty. Then the roles of Economic Growth/Development in ‘Development’ should be discussed. Benefits and limits of Income Growth will be revisited in the context of the ‘Poverty as Capability Deprivation’, and of the ‘Human Development’. At the end of the session, the expanding sphere of Development Economics will be introduced. Reading Assignments (by the end of the 'golden week'): The standard undergraduate textbook of Development Economics by Todaro and Smith will be most suitable for those without Economics background. Tenth edition is just out and paperback copies are available at the Co-op Bookstore. Evolution of Development Thought ***Prof. Otsubo's PowerPoint Presentations & Handouts: Evolution of Development Thought ***Economic Development, 10th (if not, 9th) ed., Chapters 1(**), 2 (**) . ***Frontiers of Development Economics: **World Bank, World Development Report 2000/2001―Attacking Poverty. **Development as Freedom. *Albert O. Hirshman, "The Rise and Decline of Development Economics," Chapter 1 in Essays in Trespassing: Economics to Politics and Beyond (1981). Xerox copies of the key articles will be provided in the April 14 lecture. Only 25 copies will be provided, on the FCFS basis. By the way, if you wish to review the history of the global economic system, refer to the following handouts. For the period up to the WWII... For the evolution after the WWII, refer to the following documens. Doccument #3 contains links with the evolution of development thought.
Stylized Facts of Economic Development ***HDR animation: Human Development and Income Growth (HDR2004) ***Frontiers of Development Economics: **World Bank, World Development Report 2000/2001―Attacking Poverty. *The Elusive Quest for Growth. *(**)Aart Kraay and David Dollar, "Growth is good for the poor," Policy Research Working Paper No. 2587, The World Bank (2001). *Robert J. Barro, Determinants of Economic Growth: A Cross-Country Empirical Study, MIT Press, 1997. Development and Equity ***Prof. Otsubo's PowerPoint Presentations & Handouts: Eternal Triangle of Poverty-Growth-Inequality For those who can read Japanese documents: ***Economic Development, 10th (if not, 9th) ed., Chapter 5 (**). **World Bank, World Development Report 2000/2001―Attacking Poverty. **World Bank, World Development Report 2006―Equity and Development. Development with De-Population / Aging Population ***Prof. Otsubo's PowerPoint Presentations & Handouts: Development with De-Population / Aging Population **Economic Development, 10th (if not, 9th) ed., Chapter 6.
(Notice) *Majority of reading materials should be available in the designated section (Prof. Otsubo's corner) in the GSID library. *No prerequisites for this course. This course accommodates non-economists as well as semi- to full-economists. *Students in Economic Development Policy & Management Program should take Development Microeconomics, Development Macroeconomics, and Development Statistics concurrently. See you all in the class! Prof. Otsubo |