| 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: Individual oral examination based on project report and course curriculum. The project is done during the course and it is possible for the students to do the project and write the report individually or in groups Weight: Curriculum and project report: 100 % 7-point scale, internal examiner | ||||||||||||||||
| Organisation of Teaching | Lectures, project work, and execises | ||||||||||||||||
| Block Placement | Block 1 Week Structure: A, a | ||||||||||||||||
| Teaching Language | English | ||||||||||||||||
| Optional Prerequisites | 290006 Development Economics | ||||||||||||||||
| Areas of Competence the Course Will Address | |||||||||||||||||
Basic Science: The course is designed to give students the chance to dig deeper into the issues of underdevelopment and growth by equipping them with micro and macro tools to undertake sound economic analysis. At the end of the course students will became acquainted with the latest theoretical breakthroughs in the field along with the limits of economics in shedding full light on underdevelopment. Applied Science: The course will allow students to appreciate the importance of interplay between the micro and macro spheres in development studies. Various applied models will be studied. The students will be encouraged to pass their own evaluation of various policy choices and to navigate their ways in actual problems facing the developing countries. Ethics & Values: The course will permit deeper discussion of ethical and controversial issues related to income distribution (nationally and globally), rationality and pursue of self-interest, conditionality and good governance, the GMOs dilemmas, etc. | |||||||||||||||||
| Course Objectives | |||||||||||||||||
| The aim of the course is to theorize and deepen the broad knowledge introduced in the undergraduate course "Development Economics". The main goal is to equip students with the tools which would enable them to deeply understand, analyze and follow the implications of various development- related problems and controversies; to enable them to undertake sound micro and macro economic analysis of development issues, paying particular attention to agriculture-related questions. | |||||||||||||||||
| Course Contents | |||||||||||||||||
Course Content 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 endogenous growth theory, convergence and the productivity controversy. - Debt, debt "overhang", debt buyback and DFI. - Measuring sustainable development. - The New Institutional Economics. - Sustainability, 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, globalization & the inequality of nations, aid effectiveness, anti-dumping measures, free capital movement, etc.) The students will present their findings to, and discuss them with, the rest of the 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. | |||||||||||||||||
| Learning Outcome | |||||||||||||||||
| Stipulated in "Areas of Competence the Course Will Address" | |||||||||||||||||
| 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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