Department of Economics
Course Outline (Fall 2008)
MDS 501: ECONOMICS OF DEVELOPMENT
Muhammad Sirajul Haque, Ph.D
Professor and Chairperson, Department of Economics
Friday : 04:40 P.M to 06:00 P.M
Friday 06.00 P.M to 07:30 PM
F - 3:00 – 6:00 P.M.; Room # ADMN-1318
Underdevelopment which is a major problem in the developing world is the central focus of this course. It examines the nature and origin of underdevelopment as well as its consequences for the welfare level and standard of living of the people. Economics of Development teaches economics within the framework of a key set of issues, such as poverty, inequality, unemployment, illiteracy, ill health, lack of shelter, population growth, environmental degradation, rural-urban migration and rural stagnation.
Various theories of growth are discussed with a view to examining the gradual improvement in the paradigm shift as well as the suitability of a theory/model in a specific context of underdevelopment. In this course, the process of development is examined from an institutional and structural (non-economic) as well as an economic perspective with appropriate modifications of current general economic principles, theories and policies. An attempt is made to combine relevant theory with realistic institutional analysis. The course considers the many economic, social and institutional problems of underdevelopment as closely interrelated and demanding simultaneous and coordinated approaches to their solution at the national, regional and international levels. In particular, the course stresses the increasing interdependence of the world economy in areas such as food, energy, natural resources, technology, information, trade and financial flows.
The main objective of this course is to acquaint the students with the concepts, problems and issues relating to underdevelopment and to provide