The course deals with the main topics of development economics: the determinants of growth, technological progress, productivity, the distributional implications of growth, human capital accumulation of the dual models of development. The recent evolution of the world economy is analyzed, with particular attention to the processes of regional integration and the link between financial crises, global imbalances and inequalities.
The classes will be enriched by the participation of foreign professors and experts from international organizations.
At the end of the course, the students will be ready to apply for positions in international companies and institutions.
-They will manage the main tools suitable to analyze the opportunities offered by the different countries with which Italian companies interact, both as potential markets and as possible production sites.
- They will be able to analyze and critically interpret both the economic and financial characteristics of countries operating at different stages of the development process,
- They will be able to evaluate the main risks and opportunities offered by international markets in a context of increasing integration.
The course will be taught in English
INTRODUCTION TO DEVELOPMENT ECONOMICS
1. An overview of economic development in different countries
2. Economic growth and technological progress
3 Endogenous growth, history and expectations
4. Inequality, poverty and development
5. Human capital, education and development
5. The dual model, labor mobility and migration
6. Urban Agglomerations and "New Economic Geography"
7. International trade, labor market and inequality.
8. Credit market and inequality
10. Financial crisis, globalization, development and income inequalities
11. Regional integration in the world economy
R. Fiorentini e G. Montani (2012), The New Global Political Economy, Edward Elgar, ISBN 978-0-85793-404-8, capitoli 2,3,4
D. Ray: Development economics Princeton University Press, ISBN 0-691-01706-9, Chapters 2, 3,4,5,6,7,10.
Further readings will be suggested during the lectures
|DEBRAJ RAY||Development economics||Princeton University Press||1998||0691017069||Chapters 1,2,3,4,5,6,7,10|
|R. Fiorentini and G. Montani||The New Global Political Economy||Edward Elgar||2012||978-0-85793-404-8|
The exam is written and is evaluated from 0 and 30 points. It aims at assessing the knowledge of the main topics presented by the instructors. Students are required to understand ad manage the theoretical models presented during the course and also to show their ability to critically analyze and comment empirical research and reports published by major international research institutions (OECD, IMF, WB) to describe the economic scenario of single countries or to compare different countries. The weight of each part of the course on the final mark will be proportional to the respective credits.
Students (both attending and not-attending the lectures) are also invited to prepare a written essay on a relevant topic, agreed with the instructors and (possibly) presented to the class. This essay is optional and is assessed from 0 to 4 additional points, according to its originality, the difficulty of the subject and the student's ability in the written and oral presentation.