Macroeconomics of Development

Catalog description

Why are some countries rich and others so poor? What are the commonalities across today’s low-income countries, and how are they dissimilar? Which policies can best move billions of people from abject poverty to development and prosperity? This course is about the huge differences in incomes and standards of living that separates the wealthy nations from the poor. We will explore the nature and meaning of development and its macroeconomic manifestations within the context of a major set of economic problems faced by developing countries in Africa, Asia, Latin America, and the Middle East. Topics include economic growth and structural transformation; poverty and inequality; agricultural transformation and rural development; human capital; migration and urbanization; foreign aid; violence and armed conflict; and role of monetary policy and fiscal policy to foster macroeconomic stability and economic development. Satisfies the Social-Scientific Thought requirement. Satsifies Justice, Equality and Community requirement. Prerequisites & Notes Economics 101