|Special Topics in Food and Resource
Economics - Economic Development
|Instructor:||Dr. Rick Barichello|
|Dr. Mukesh Eswaran|
|Class Schedule:||Feb 27-Apr 7
Tue&Thur 10-11:30 am
|Important Course Pages|
Class Time: Feb 27 - Apr 7
Tuesdays and Thursdays, 10:00-11:30 am
Room: MCML 154
- Dr. Rick Barichello
Office: 339 MacMillan Building
Office Hours: TBA
- Dr. Mukesh Eswaran
Office: Iona Building 102
Office Hours: TBA
The focus of the course is to provide working knowledge of frameworks and underlying factors of economic development that are particularly relevant in the area of institutions, environment, agriculture and resources. In this course, the theoretical literature will be applied to the real-world experience of developing countries so that students gain knowledge and can critically review economic development frameworks that encourage development in select countries.
The first section of the course examines economic development from the perspective of factor markets including capital investment, labor mobility and urban versus rural wages. The integrating role of institutions as mechanisms for risk sharing and incentives for technology adoption is also featured. The second part of the course uses important papers in the field to examine the role of agriculture in economic development, especially how institutions and property rights can explain the economic development of countries, and how these features interact with gender and culture.
Upon completion of this course, students will be able to:
- Explain the concepts of economic development and poverty reduction, including identification of the many dimensions of these concepts, as they apply to food and resources.
- Discuss frameworks involved when thinking about economic development.
- Understand the importance of institutions, property rights, gender, labour, social capital and geography on economic development.
- Identify and explain theories of economic development and utilization of empirical evidence in this field.
- Identify select literature and data sources most relevant to this topic.
12 lectures of 1.5 hours, twice a week for 6 weeks from Feb. 27th to April 7th.
Your grade shall be determined as follows
|Evaluation||Date||Percent of Grade|
|Final Exam in-class||TBA||50%|
|Individual Assignments (2)||Assignment 1: Week 1 to 3
Assignment 2: Week 4 to 6
|Group Project (Group of Two Students)||End of term||30%|
This group project requires the development of a project proposal that includes the following elements:
- Research Question: Development of a good question in this field ( based upon course topics, your interest and discussions with the professor)
- Literature Review
- Theoretical framework utilized and justification for the selection
- Data and Analysis required to conduct research
- Expected results of the project
Length: Approximately 6 to 10 pages
More details will be provided as the class progresses.
Required Readings: Provided on Canvas
Additional Resource: To be added.
DRAFT Course Schedule
Instructor WEEK 1-3 Rick Barichello, week 4-6 Mukesh Eswaran
|Week 1||An Investment Approach to Development: Technology and Education, Institutions and Policies
Overview; Shifting out the frontier vs moving toward frontier (Innovation, Efficiency)
Traditional vs Modern Agriculture: importance of disequilibrium;
Agriculture vs Industry
|Week 2||The Importance of Factor Markets
Credit Market: fallacies and realities
Labour Markets: migration and a post-Lewis world
Research, Knowledge and returns to education
|Week 3||Cases of the Importance of Institutions
Land Property Rights in Vietnam: evolution and regression of VN’s Land Law
Incentives: that motivate consumers, firms and agents; those that policy and institutions impart to often undermine their effects on the economy
Methods of and Incentives for Corruption
Trade Policy, Institutions, Reform: Case of Indonesia
|Week 4||The Role of Agriculture in Economic Development
This is a classic paper on economic development which provides a characterization of agriculture and industry that has stood the test of time.
This paper formally models show why and how agriculture is crucial to industrial development.
|Week 5||Property Rights and the Role of Institutions in Economic Development
Both these are classic papers on the how institutions can explain the economic development of countries.
|Week 6||Women and Economic Development
This topic will focus of how contraception, fertility decline, globalization, and suffrage have enhanced women’s contribution to economic development.
|Final Exam: TBA|
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- UBC Learning Commons web-based Academic Integrity (http://learningcommons.ubc.ca/academic-integrity/).
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