1st Semester, 2010-2011
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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July 6 | 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 20. Development Economics 2010 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 |
July 6 | Final Exam
Final Exam for Development Economics 2010 will be a take-home (and open-book) exam. I will give you exam sheets and explain grading policies in July 13 lecture. |
June 29 | Japanese Development Experience & Japnase Market System(s)
On July 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. |
July 6 |
Market Experiments -- Results from Part I: Forces of the Markets? ME_I_Perfect Competition (to be uploaded) I will distribute the results in July 13 lecture. Meanwhiloe, try to work out the Bureaucrat's problem and Central Planner's problem by yourself!! Download and analyse the results from our market experiments on July 6. |
June 29 |
Market Experiments -- Part I: Forces of the Markets? Starting on June 29, 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 29, July 6 and July 13 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 31 | Victor would like to share the followoing breifing paper by ODI with other participants of the class.
Pro-Poor Growth and Development, ODI Briefing Paper, 33 Taka a look at it! |
May 11 | May-June Lectures: Growth Theories & Structural Models
Starting on May 18/25, we will deal with Growth Theories/Models. You are supposed to work on the required readings (**) in May 18, 25 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 29, 2010 (to be updated by April 13) |
First lecture of 'Development Economics' (EDP&M Core Course) will meet on Tuesday, April 13 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 13: Introduction to 'Development Economics' 1) Visit online course syllabus from the top page (to be updated by April 13). 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: Development Economics, together with Development Polictics and Development Sociology, constitutes the core of International Development Studies. Views from Development Economics in building interdisciplinary International Development Studies will be introduced. This will be done in conjunction with the first part of the I2ID sessions. 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: The standard undergraduate textbook of Development Economics by Todaro and Smith will be most suitable for those without Economics background. Tenth edition is out and paperback copies are available at the Co-op Bookstore. Development Economics in International Development Studies I (Prof. Otsubo) coeditted the GSID book: ***大坪滋,木村宏恒, 伊東早苗(共編著) 『国際開発学入門--開発学の学際的構築 (Introduction to International Development Studies)』 ***Shigeru Otsubo, Hirotsune Kimura, and Sanae Ito, Introduction to International Development Studies, Keiso-Shobo, 2009. This book was publised in Japanese. However, the Part I of the book will be translated for you to read. (English manuscripts to be uploaded.) 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 some of the key articles will be provided in the lectures. You should find/Xerox other articles in the GSID library (if they cannot be downloaded from our online syllabus). 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 |