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issues regarding their economies.

2.1 To explain the main theoretical perspectives on the problems of developing or less developed countries (LDCs).

2.2 To discuss the concept of developing economies

3.0 To develop original research in the field by modifying existing models.

    • 3.1

      To critically evaluate the assumptions, modeling, empirical evidence and the validity of the policy relative to existing theories and models.

    • 3.2

      To obtain more relevant empirical evidence to develop new models and policies.

IV. CONTENT (TOPICS)

Course Outline

A. Defining and Measuring Economic Development

Readings

*Hollis Chenery and T.N. Srinivasan (Ed.) Handbook Volume 1

  • 1.

    The Concept of Development - Amartya Sen

  • 2.

    The Roots of Development Theory - W. Arthur Lewis

*Michael P. Todaro, Economic Development, chapters 1-2

B. Macroeconomic Models of Economic Growth and Development

1. Classical, Structural , Dualistic, and Radical Growth Theories

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