Development
                         Economics
                         Lecture 1
                         Anne Mikkola
                         Partly using slides of Prof.
                         Haaparanta
               EXAMS (one of the following)
               „Date: 11.12.2007: Time: 12-14
                Place: Porthania II
               „ Date: 16.1.2008: Time: 12-14
                Place: Economicum lecture room.
               „ Faculty exam: 1.3.2008
                                                           1
                      REQUIRED READINGS (preliminary)
                      „ Debraj Ray(1998): Development Economics. Chapters
                        1-11.
                      „ Lecture notes
                         Follow the course webpage as the course proceeds:
                           http://www.valt.helsinki.fi/blogs/mikkola/post50.htm
                      „ David N. Weil (2005): selected chapters
                      „ Check the course binder at the department office of
                        materials.
                      OTHER READINGS
                      „ Charles I Jones (2002): Introduction to Economic Growth.
                        Used in class on growth theories.
                      „ William Easterly (2001): The Elusive Quest for Growth.
                        Economists’Adventures and Misadventures in the Tropics.
                      „ Jeffrey Sachs(2005): The End of Poverty. Economic
                        Possibilities of our time
                      „ Anne Mikkola – Carrie Miles (2007): Development and
                        Gender Equality: Consequences, Causes, Challenges and
                        Cures HECER Discussion Paper, No. 159. (downloadable
                        from internet)
                                                                                      2
                             What is development?
                             TOPICS (preliminary)
                           1. Development Economics: Overview (Ray, Chp. 1-2)
                           2. Economic Growth theories and empirical evidence: Why are some
                              countries rich and others poor?   (Ray Chps 3-4)
                           3. Population Growth, fertility and changing role of women in
                              development (Ray Chp. 9, Mikkola, and/or Weil Chp. 4-5)
                           4. History, Expectations, Government, Culture and Development
                              (Ray Chp. 5;  Weil, Chp 12, 14)
                           5. Poverty and its functional impacts (Ray Chp. 8)
                           6. Inequality : Measuring inequality; Interconnections of Inequality and
                              development    (Ray Chp. 6-7)
                           7.  Rural-urban interaction and migration and agriculture (Ray Chp. 10-
                              11)
                                                                                                                    3
                    Overview
                    „ Why development economics?
                    „ World marching by: need for development
                    „ Measuring development
                    „ What is the development?
                    „ Solutions?
                    „ History of income growth
                    Why development economics as a
                    separate field of study?
                    „ Many markets missing: labor, financial, insurance
                    „ Institutions and public infrastructure may be missing:
                      property rights, laws, transportation
                    „ Development taking place when there is a developed
                      world elsewhere: aid dependency, technology transfer.
                    „ Speed of development differs from European experience
                      (medical innovations, directly to the mobile phones)
                    „ History of colonialism
                                                                              4