Development Economics

Course leaders: Dr Nino Papachashvili and Dr Lela Jamagidze

Home institution: Ivane Javakhishvili Tbilisi State University, Georgia


Course pre- requisite(s): None

Course Overview

The basic goals of the course of Development Economics are:
This course will cover important economic development topics, including the role of institutions in economic development. It will discuss drivers and obstacles to economic development. Introducing students to the economic methodology, it will analyze issues of institutional change for economic development.

Learning Outcomes

Upon completion of the course, student should possess the deep knowledge of main issues in development economics, such as: poverty and inequality, demographic issues, economic growth, structural changes, development strategies, trade, foreign aid, debt, etc.They will be able to identify the alternative solutions to the development policy problems and select the most optimal one.

Course Content

Introduction. Short overview of the course, methods and assessment.
Population Growth
Economic Growth
Estructural Change and Development Strategies
International Trade and Exchange Rates
Institutions and Economic Development. Market and Hierarchies
Market Development
Property Rights and Efficiency in Rural and Urban Areas
Health Care Delivery in Developing Countries
Delivering Education in Developing Countries
Delivering Infrastructure in Developing Countries. Problem of Corruption
Culture and Development
Project presentations

Instruction Method

Frontal lecture with PPT, classroom discussions, writing quizzes and presentation of projects. 1 hour out of 3 will be allocated for explaining new material and the rest of the time will be used for seminars, discussions and oral and written practical exercises. Students will do assignments in order to distinguish and emphasize principal questions in the new material.
Lectures and seminars will be devoted to introducing, realization and consolidation of the new theoretical knowledge. They will be led in interactive and question and answer regime.
Practical work includes case studies, discussions and reviews of the latest news and information, work on electronic resources and writing quizzes. Seminars and practical works are planned in such a way, that students be able to adopt new material easily and shortly and make optimal use of their time.
At the end of the course students will present their independent research results as individual or group presentations on economic development topics.

Required Course Materials

Required reading:

Roland Gerard, Development Economics, Publisher: Pearson, 2014.
Todaro P. Michael, Smith C. Stephen. Economic development, 11th ed., Publisher: Pearson, 2012;

Additional readings:

Acemoglu D. Introduction to Modern Economic Growth, Publisher: Princeton University Press, 2009;

Bardy R., Massaro M., Rubens A. Sustainable Development in the Developing World: A Holistic Approach to Decode the Complexity of a Multi-Dimensional Topic, CreateSpace Independent Publishing Platform, 2013;

Bhagwati J. In Defense of Globalization, Publisher: Oxford University Press, 2007;

Cypher J., Dietz J., The Process of Economic Development. 3 ed., Publisher: Routledge, 2008;
Educational Costs, Prices and Financial Aid, Editors: Rebecca R. Skinner, Blake Alan Naughton, Nova Science Publisher, 2008;

Entrepreneurship and Economic Development, Editor Naudé W., Publisher: Palgrave Macmillan, 2011;

Financial Institutions and Development, Editor E. Klein, Nova Science Publisher, 2005;
Frederick P. Stutz., Barney Warf, The World Economy: Resources, Location,

B.N. Ghosh, A Tale of Two Economies: Development Dynamics of India and China, Nova Science Publisher, 2009;

Grandville O. Economic Growth: A Unified Approach, Publisher: Cambridge University Press, 2009;

Greenhalgh C., Rogers M. Innovation, Intellectual Property and Economic Growth, Publisher: Princeton University Press, 2010;

Growth, Development, and Social Progress, Columbia University Press, 2014;

Hämäläinen T. National Сompetitiveness and Economic Growth: the Changing Determinants of Economic Performance in the World Economy, Publisher: Edward Elgar, 2003;

Khan M. Rural Poverty in Developing Countries: Implications for Public Policy (Economic Issues 26), International Monetary Fund, 2001;

Knowledge Networks for Business Growth, Editors: Andrea Back, Ellen Enkel, Georg von Krogh, Publisher: Springer, 2007;

Kressel H., Lento T. Entrepreneurship in the Global Economy: Engine for Economic Growth, Publisher: Cambridge University Press, 2012;

Holden A. Tourism, Poverty and Development, Publisher: Routledge, 2013;

International Agricultural Trade and Development Compendium , Volume 1, Editor Dragan Miljkovic, Nova Science Publisher, 2009;

Jones Ch., Vollrath D. Introduction to Economic Growth, 3rd ed., Publisher: W. W. Norton & Company, 2013;
Monetary Stability and Economic Growth: a Dialog between Leading Economists, Editors: Mundell R., Zak P., Publisher: Edward Elgar 2002

Nafziger W., Economic Development, 5th ed., Cambridge University Press, 2012;

Perkins D., Radelet S., Lindauer D., Block S., Economics of Development, 7th ed., W.W. Norton & Company, 2013;

Recent Developments in the Chinese Economy, Editor Almas Heshmati, Nova Science Publisher, 2007;

Stiglitz J. Globalization and its Discontents, W.W. Norton and Company, 2013;

Stiglitz J. Making Globalization Work , W.W. Norton and Company, 2013;

Stiglitz J. The Price of Inequality W.W. Norton and Company, 2013;

Stiglitz J., Greenwald B., Creating a Learning Society: a New Approach to
Growth, Development, and Social Progress, Publisher: Columbia University Press, 2014;

Stromquist N. Education in a Globalized World: the Connectivity of Economic Power, Technology, and Knowledge, Publisher: Rowman & Littlefield Publishers, 2002;

Trade and Development, 5th ed., Publisher: Pearson Prentice Hall, 2007;

Végh A. Carlos. Open Economy Macroeconomics in Developing Countries, 2013;

Weil D. Economic Growth, 3rd ed., Publisher: Pearson Addison-Wesley, 2013;

Walzer N. (editor), Entrepreneurship and Local Economic Development, Publisher:Lexington Books, 2007;

World Poverty Issues, Editor: Marilyn M. Watkins, Nova Science Publisher. 2008


Course grade 100 % (100 points) will be based on:
Group work (seminars and practical works) – 35 %: Students can accumulate points by completing oral and written assignments. Practical work includes participation in case studies or problem analysis.
Written quizzes (1, 2, 3) – 15 % (3*5%): Student will have to answer to open questions and multiple choice tests 3 times during the course;
Presentation of projects – 50%