Scienze Politiche e delle Relazioni Internazionali | DEVELOPMENT ECONOMICS

cod. 1212100067

DEVELOPMENT ECONOMICS

	1212100067
	DIPARTIMENTO DI SCIENZE POLITICHE E DELLA COMUNICAZIONE
	EQF6
	POLITICAL AND INTERNATIONAL RELATIONS SCIENCE
	2019/2020

CURRICULUM ECONOMIA E POLITICHE PER LO SVILUPPO Cohort 2017/2018

	OBBLIGATORIO
	YEAR OF COURSE 3
	YEAR OF DIDACTIC SYSTEM 2017
	PRIMO SEMESTRE

TEACHING UNITS

	SSD	CFU	HOURS	ACTIVITY	TYPE OF ACTIVITY
	SECS-P/02	6	40	LESSONS	SUPPLEMENTARY COMPULSORY SUBJECTS

	Objectives
	THE COURSE AIMS TO PRESENT THE CENTRAL THEORIES OF GROWTH AND DEVELOPMENT AND TO PROVIDE AN ECONOMIC, HISTORICAL AND INSTITUTIONAL KNOWLEDGE ABOUT SUBJECTS RELATED TO DEVELOPMENT ISSUES. THE MULTIDIMENSIONAL NATURE OF THE CONCEPT OF DEVELOPMENT EMBRACES NOT ONLY ECONOMIC BUT ALSO SOCIAL, DEMOGRAPHIC AND INSTITUTIONAL THEMES. THE COURSE WILL THEN FOLLOW A MULTIDISCIPLINARY APPROACH ALLOWING STUDENTS TO ACQUIRE BASIC NOTIONS OF GROWTH AND DEVELOPMENT ECONOMICS, USEFUL FOR A BETTER UNDERSTANDING OF ECONOMIC AND POLITICAL PHENOMENA AT A GLOBAL LEVEL.

THE COURSE AIMS TO PRESENT THE CENTRAL THEORIES OF GROWTH AND DEVELOPMENT AND TO PROVIDE AN ECONOMIC, HISTORICAL AND INSTITUTIONAL KNOWLEDGE ABOUT SUBJECTS RELATED TO DEVELOPMENT ISSUES. THE MULTIDIMENSIONAL NATURE OF THE CONCEPT OF DEVELOPMENT EMBRACES NOT ONLY ECONOMIC BUT ALSO SOCIAL, DEMOGRAPHIC AND INSTITUTIONAL THEMES. THE COURSE WILL THEN FOLLOW A MULTIDISCIPLINARY APPROACH ALLOWING STUDENTS TO ACQUIRE BASIC NOTIONS OF GROWTH AND DEVELOPMENT ECONOMICS, USEFUL FOR A BETTER UNDERSTANDING OF ECONOMIC AND POLITICAL PHENOMENA AT A GLOBAL LEVEL.

	Prerequisites
	THERE ARE NO FORMAL PREREQUISITES, BUT IT IS VERY IMPORTANT THAT STUDENTS KNOW THE MAIN CONCEPTS OF MICROECONOMICS AND MACROECONOMICS THAT WILL IN ANY CASE BE RECALLED DURING THE FIRST PART OF THE COURSE.

	Contents
	1 INTRODUCTION TO DEVELOPMENT ECONOMICS, THE MICROECONOMICS AND MACROECONOMICS OF DEVELOPMENT ECONOMICS. A. GDP AND ITS COMPONENTS B. NOMINAL GDP AND REAL GDP C. RELATIONSHIP BETWEEN INVESTMENT AND SAVINGS D. DEFLATOR OF GDP AND CONSUMER PRICE INDEX E. INFLATION RATE AND UNEMPLOYMENT 2 GROWTH AND DEVELOPMENT IN HISTORICAL PERSPECTIVE: GROWTH, ECONOMIC DEVELOPMENT, HUMAN DEVELOPMENT (DEFINITIONS, INDICATORS) DEVELOPMENT AS: I. GROWTH OF THE NATIONAL PRODUCT II. STRUCTURAL CHANGE (ROSTOW'S 5-STAGES THEORY) III. IMPROVING THE QUALITY OF LIFE (THEORY OF BASIC NEEDS; INDEX OF HUMAN DEVELOPMENT, SEN) 3 CONCEPTS OF GROWTH AND DEVELOPMENT IN ECONOMICS: INSTITUTIONS AND THE HISTORY OF ECONOMIC THOUGHT A. CAPITALISM DEVELOPMENT AND ITS PHASES B. DEVELOPING COUNTRIES (EXPORT COMPOSITION, IMPORT DEPENDENCY, FDI, POVERTY, ILLITERACY, LIFE EXPECTANCY AT BIRTH) C. THE ROLE OF INSTITUTIONS 4 GROWTH THEORIES (KEYNESIANS, NEOCLASSICALS AND NEW THEORIES OF GROWTH) A. CLASSICAL DEVELOPMENT THEORIES (MARX, SMITH, MALTHUS) B. KEYNESIAN DEVELOPMENT THEORIES (SHUMPETER, HARROD-DOMAR, KEYNES) C. NEOCLASSICAL (SOLOW) D. THE NEW GROWTH THEORY (ROMER, LUCAS, BARRO) 5 DETERMINANTS OF GROWTH AND DEVELOPMENT: THE ACCUMULATION OF PHYSICAL CAPITAL, POPULATION GROWTH, TECHNICAL PROGRESS, HUMAN AND SOCIAL CAPITAL.

Contents

1 INTRODUCTION TO DEVELOPMENT ECONOMICS, THE MICROECONOMICS AND MACROECONOMICS OF DEVELOPMENT ECONOMICS.
A. GDP AND ITS COMPONENTS
B. NOMINAL GDP AND REAL GDP
C. RELATIONSHIP BETWEEN INVESTMENT AND SAVINGS
D. DEFLATOR OF GDP AND CONSUMER PRICE INDEX
E. INFLATION RATE AND UNEMPLOYMENT
2 GROWTH AND DEVELOPMENT IN HISTORICAL PERSPECTIVE: GROWTH, ECONOMIC DEVELOPMENT, HUMAN DEVELOPMENT (DEFINITIONS, INDICATORS)
DEVELOPMENT AS:
I. GROWTH OF THE NATIONAL PRODUCT
II. STRUCTURAL CHANGE (ROSTOW'S 5-STAGES THEORY)
III. IMPROVING THE QUALITY OF LIFE (THEORY OF BASIC NEEDS; INDEX OF HUMAN DEVELOPMENT, SEN)
3 CONCEPTS OF GROWTH AND DEVELOPMENT IN ECONOMICS: INSTITUTIONS AND THE HISTORY OF ECONOMIC THOUGHT
A. CAPITALISM DEVELOPMENT AND ITS PHASES
B. DEVELOPING COUNTRIES (EXPORT COMPOSITION, IMPORT DEPENDENCY, FDI, POVERTY, ILLITERACY, LIFE EXPECTANCY AT BIRTH)
C. THE ROLE OF INSTITUTIONS
4 GROWTH THEORIES (KEYNESIANS, NEOCLASSICALS AND NEW THEORIES OF GROWTH)
A. CLASSICAL DEVELOPMENT THEORIES (MARX, SMITH, MALTHUS)
B. KEYNESIAN DEVELOPMENT THEORIES (SHUMPETER, HARROD-DOMAR, KEYNES)
C. NEOCLASSICAL (SOLOW)
D. THE NEW GROWTH THEORY (ROMER, LUCAS, BARRO)
5 DETERMINANTS OF GROWTH AND DEVELOPMENT: THE ACCUMULATION OF PHYSICAL CAPITAL, POPULATION GROWTH, TECHNICAL PROGRESS, HUMAN AND SOCIAL CAPITAL.

	Teaching Methods
	LECTURES AND DISCUSSIONS

	Verification of learning
	THE FINAL EXAM INVOLVES A WRITTEN TEST (OPEN QUESTIONS CONCERNING THE MAIN TOPICS AND GROWTH MODELS TREATED DURING THE COURSE) AND A DISCUSSION ABOUT THE MAIN THEORIES ABOUT DEVELOPMENT ECONOMICS.

	Texts
	RECOMMENDED TEXTS: VOLPI FRANCO, 2007. LEZIONI DI ECONOMIA DELLO SVILUPPO. FRANCO ANGELI. MILANO. (CHAP. 1-7) WEIL DAVID N., 2007. ECONOMIC GROWTH. PROBLEMS, DATA AND METHODS OF ANALYSIS. HOEPLI. MILANO. (CHAP. 1-6, CHAP. 8)

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