Economic Development of Underdeveloped Countries

3 credits · Graduate credit

Part I covers the microeconomics of development. Topics include household decision-making (the household model, risk response, health and education investments, migration, intra-household bargaining), rural institutions (land, labor, and credit), and development policy (micro-finance, regional targeting, public works). Part 2 is concerned primarily with theories of growth, income distribution and political economy, presented together with the relevant empirical literature.