World Poverty and Development

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Spring 2013
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ECON 337: World Poverty and Economic Development
TTH 10:30 pm – 11:45 pm, NH 198

Contacts
Instructor:Adel Abadeer NH-178 526-6199 aabadeer@calvin.edu
Office Hours:Monday & Wednesday 1:30 – 3:00 pm Thursday 3:00 - 4:30 pm Dept Coordinator: Susan Camp NH-167
Library contact: Linda McFadden lmm8@calvin.edu Room 302, 3rd floor, Hekman Library

Introduction
Econ 337, World Poverty and Economic Development, is an intermediate level course in Economics. It equips students with deeper understanding of world poverty across nations, especially in less developed countries, and with theories, models and applications economic development in the recent history, and the major lesson from success and failures in less developed countries. Prerequisites

Econ 221 and Econ 222, or equivalent courses
Identity and Role
Econ 337 satisfies one of the 330-346 course requirements for the Economics major. It also satisfies the core requirement of global and historical studies. Learning objectives
By the end of the semester, students should be able to:
* understand the analytical and historical facts and trends of world poverty and economic development. * understand and evaluate comparative studies of development ( or lack of it) in the developed and less developed countries. * understand the basic theories of economics development: exogenous and endogenous economic growth models, the basic need approach, social justice theory, new institutional economic analysis, and the capability approach. * understand and evaluate what had/had being tied, what has worked, what has failed and what might be tried in the future in attempting to eradicate poverty, develop, improve the standard of living, and expand people’s capabilities and functioning. * understand the diverse structure of less developed countries. * understand and evaluate the major internal and external problems and challenges facing Less developed countries: * Internal problems and challenges: poverty and income distribution, population growth, health, education, environment, gender gap, and the treatment of minorities * External problems and challenges: international trade and finance, foreign debt, and industrialization and trade policies, and globalization. Some of these issues will be covered depending on the pace of the course. * develop an informed Christian perspective, including Reformed Christian worldviews on issues of poverty and development. * review and critique economic development articles/papers. * write a comprehensive research paper on an assigned less developed country.

Christian Perspective on Macroeconomics
This study of world poverty and economic development will be done in the context of the Christian Faith. That is, economics theories, propositions, policies, and writing will be evaluated in terms of Reformed Christian perspective/worldview. It is expected, that by the end of this semester, students will understand world poverty and economic development issues in a manner consistent with compassion, justice and stewardship. Important Dates

January 29First class
March 5 Exam 1, class time
March 12Course Project, part 1 is due
March 19 & 21 Spring Break; no class
April 9 Exam 2, class time
April 16Course Project: Part 2 is due
April 23 Academic Advising, no class
May 7 Last day to submit the course project & Last class May 13 Final Exam, 1:30 - 3:30 pm, in the classroom
Textbook & other Readings
1] Michael Todaro and Stephen Smith. Economic Development. Eleventh Edition. Boston: Addison-Wesley, 2012. Available at the bookstore. http://wps.aw.com/aw_todarosmit_econdevelp_11/181/46378/11872794.cw/index.html 2] Adel Abadeer. The Entrapment of the Poor into Involuntary Labor: Understanding the Worldwide Practice of Modern-Day Slavery....
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