| Institute of Food and Resource Economics | |||||||||||||||
| Earliest Possible Year | MSc. 1 year to MSc. 2 year | ||||||||||||||
| Duration | One block | ||||||||||||||
| Credits | 7.5 (ECTS) | ||||||||||||||
| Course Level | MSc | ||||||||||||||
| Examination | Final Examination oral examination No aid allowed Description of Examination: Oral exemination based on project report and course curriculum Weight: 100% 13-point scale, internal examiner | ||||||||||||||
| Requirement For Attending Exam | Written project report | ||||||||||||||
| Organisation of Teaching | Lectures, project work, and execises | ||||||||||||||
| Block Placement | Block 2 Week Structure: A | ||||||||||||||
| Teaching Language | English | ||||||||||||||
| Optional Prerequisites | Development Economics | ||||||||||||||
| Areas of Competence the Course Will Address | |||||||||||||||
| Basic Science: Comprehends knowlegde obtained in basic science in the course Development Economics Along with broadening and deepening the students' knowledge of various development related models and policy problems, Applied Science: the course will allow them to understand the interrelations between the micro and macro spheres, and to use standard economic analysis to address development problems. The students will be provided with the necessary tools to pass their own evaluation of various policy choices and to navigate their ways in actual problems facing the developing countries. Ethics & Values The students will become aware of the advantages, as well as of the limitations, of using the standard economic theory for analysing, understanding and remedying underdevelopment. | |||||||||||||||
| Course Objectives | |||||||||||||||
| The aim of the course is to theorize and deepen the general knowledge introduced in the undergraduate course "Development Economics", and to equip students with a thorough understanding of the development problems and controversies with the help of the basic tools of economic analysis. The course enables the students to undertake sound economic analysis of development issues both on the macro and micro base, paying particular attention to agriculture-related questions. | |||||||||||||||
| Course Contents | |||||||||||||||
| The course covers, among other things, the following subjects: - Macroeconomics and stabilization policies, including structural adjustment programmes, in the LDCs. - Prior savings vs forced saving, inflation tax and financial liberalization. - Growth theory: from Solow model to endigenous growth theory, convergence and the productivity controversy. - Debt, debt "overhang", debt buyback and DFI. - Measuring sustainable development. - The New Institutional Economics. - Sustainablity, environment and development. - Farmers' production strategies: profit maximization vs utility maximization. - Supply responses and the role of prices in farmers' production decisions. - Peasants' household models and the economics of agriculture in LDCs. - Gender economics. Parallel with the elaboration of these issues, students will be working on specific problem-based questions (such as farm size & efficiency, rural financial markets, food issues, CGE models, globalization & the inequality of nations, aid effectiveness, Tobin tax, etc.) The students will present and discuss their findings with the lecturer and other students in the class. | |||||||||||||||
| Teaching And Learning Methods | |||||||||||||||
| Traditional lecturing will be limited in this course, and will depend on the students' background and preference. However, traditional lecturing should not exceed one-quarter of the time. The students will be encouraged from the start to present and to discuss selected literature. Furthermore, the students will work individually or with other students on specific problem-areas. Each student/group will have time to present and to discuss his/her analysis and findings with the rest of the participants in the course. The exact content of the course will partially depend on the problems and aspects selected by the students themselves. | |||||||||||||||
| Course Litterature | |||||||||||||||
| Rao, M. & R. Nallari (2001): Macroeconomic Stabilization and Adjustment. Oxford UP. Agénor P.R. & P. Montiel (1996): Development Macroeconomics. Princeton UP. Ray, D. (1998): Development Economics. Princeton UP. Ghatak, S. (1995): Monetary Economics in Developing Countries. 2nd. Ed., St. Martin's Press. Ellis, F. (1993): Peasant Economics. Cambridge University Press. Jha, R. (1994): Macroeconomics for Developing Countries. Routledge, London. Eicher, C & J.M.Staaz (eds.) (1990): Agricultural Development in the Third World. 2nd ed, John Hopkins UP. Kanafani, N. (1995): Risk, Utility and Farmers' Production Strategies. Nectar, Brussels.. Jensen, K. and N. Kanafani (1997): An Introduction to Gender Economics - Women in the Household. Nectar, Brussels. | |||||||||||||||
| Course Coordinator | |||||||||||||||
| Noman Kanafani, kan@life.ku.dk, Institute of Food and Resource Economics/International Economics and Policy Division, Phone: 35332269 | |||||||||||||||
| Study Board | |||||||||||||||
| Study Committee NSN | |||||||||||||||
| Course Scope | |||||||||||||||
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