economics 202: principles of macroeconomics - Semantic Scholar
ECON 555: AFRICAN ECONOMIC DEVELOPMENT Spring 2010 Days and Periods: T R 11:10AM-1:00PM Room: BNTL Hall 215 Email: [email protected] Phone: 740-593-2051 Class website: https://blackboard.ohio.edu
Professor: Dr. Dogbey Bentley Annex 333 Office Hours: T, R (10:00-11:00) and (01:00-2:00) OR BY APPOINTMENT
WHAT THIS COURSE OFFERS (COURSE OBJECTIVES): This course investigates why African countries are underdeveloped and what the future has for these countries in terms of economic development. Its goal is to provide you with a framework for exploring this question and to examine “answers” that economists have offered. A second goal of this course it to help you internalize important strands in the existing literature and work on developing, organizing, and presenting original and already existing ideas. After this course, you should understand the foundation of economic wealth and poverty, understand the major strands in academic literature in African economic development, and be able to synthesize ideas about economic development and build on these to generate novel contributions in the future. PREREQUISITE: REQUIRED MATERIALS: BOOKS: Emmanuel Nnadozie, African Economic Development. RECOMMENDED: Benno J. Ndulu: The Political Economy of Economic Growth in Africa, 1960-2000 (Volume 1) SCHEDULE: (Exam dates are firm; Subjects covered on particular days may be adjusted as necessary.) Lecture 1 &2: Lecture 3 &4: Lecture 5: Lecture 6: Lecture 7: Lecture 8: Lecture 9&10:
Introduction, Overview and Definitions, Ch. 1, 2,3. Poverty, Growth & Development: Ch. 5, 7. Ethnic Diversity, Education & Development: Ch. 8,10. Political Instability, Democracy & Development: Ch. 11, 12. Corruption, Income Inequality & Development, Ch. 13, 14. Saving, Investment, Financial Markets: Ch 16, 17. Trade, Globalization & Sustainable Growth: Ch. 18, 19, 20, 23.
COURSE ACTIVITIES & GRADING: (Total Points: 150) Your grade in this course will be based on five short essays (one and half pages, double spaced) related to topics covered, due every two weeks, group presentation of required
readings (four presentations per group of 3), discussion of other groups’ presentation and final exam. Papers (20 points each; 80 total): lowest grade will be dropped. Presentations (10 points each; 30 points total) you can drop one grade (not presentation). Discussion: 5 points total. Attendance and Participation :(5 points). Cumulative Final Exam (20 points). • Grades are based entirely on essays, presentation, discussions, exam, and attendance. • Letter grades are based on the following SCALE: F is 0-59%; D- is 60-62%; D is 63-66%, D+ is 67-69%, C- is 70-72%, C is 73-76%, C+ is 77-79%; B- is 80-82%, B is 83-86%, B+ is 87-89%; A- is 90-92% and A is 93-100%. Whatever your average is at the end of the semester, I will apply the scale above to find your grade. Readings: 1. 2.
3. 4. 5. 6. 7. 8. 9. 10. 11.
12. 13.
14.
Sachs, Jeffrey and Andrew Warner (2001). “The Curse of Natural Resources,” European Economic Review, 45(4-6):827-838. Becker, Gary, Thomas Philipson, and Rodrigo Soars (2005). “The Quantity and Quality of life and the Evolution of World Inequality,” American Economic Review, forthcoming. Boettke, Peter and J. Robert Subrick (2003). “Rule of Law, Development and Human Capabilities,” Supreme Court Economic Review, 109-127. Bauer, Peter (2000). From Subsistence to Exchange, Princeton: Princeton University Press. Easterly William (2001). “Can Institutions Resolve Ethnic Conflict?” Economic Development and Cultural Change, 49(4): 687-706 Easterly, William and David Levine (1997). “Africa Growth Tragedy: Policies and Ethnic Divisions,” Quarterly Journal of Economics, 112(4): 1202-1250. Dogbey, John. “Is Fractionalization Perpetuated in Africa?” OU Working Paper Hayek, F.A. (1945). “The Use of Knowledge,” Economica, 4(13): 33-54. Rajan, Raghuram (2004). “Assume Anarchy”, Finance and Development, September: 56-57. Leeson, Peter (2007). Efficient Anarchy,” Public Choice, 130(1-2): 41-53. Persson, Torseten and Guido Tabellini (2006). “Democracy and Development: The Devil in the Details,” American Economic Review, Forthcoming. http://www.iies.su.se/~perssont/papers.aea_06_jan10_final.pdf Barro, Robert (1996). “Democracy and Growth,” Journal of Economic Growth, 1(1): 1-27. Acemoglu, Daron, Simon Johnson, and James Robinson (2002). “The Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution,” Quarterly Journal of Economics, 117(4): 1231-1294. Hanke, Steve and Stephen Walters (1997). “Economic Freedom, Prosperity and Equality,” Cato Journal, 17(2): 117-146.
15. 16.
17.
18. 19. 20. 21.
Fry, Timothy and Andrei Schleifer (1997). “The Invisible Hand and the Grabbing Hand,” American Economic Review, 87(2): 354-358. Fernandez, Raquel and Dani Rodrik (1991). “Resistance to Reform: Status Bias in the Presence of Individual-Specific Uncertainty,” American Economic Review, 81(5): 1146-1155. Young, Andy (2005). “The Gift of the Dying: “The Tragedy of AIDS and the Welfare of Future African Generations,” Quarterly Journal of Economics 120(2): 243-266. Sachs, Jeffrey and Andrew Warner (1995). “Economic Reform and the Process of Global Integration,” Brookings Papers and Economic Activity, 1: 1-118 Warner, Andrew (2003). “Once More Into the Breach: Economic Growth and Integration,” Center for Global Development Working Paper No. 34. Ovaska, Tomi (2003). “The Failure of Development Aid,” Cato Journal, 23(2): 175-188. http://www.cato.org/pubs.journal/cj23n2/cj23n2-2.pdf Rodrik, Dani (2004). “Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development,” Journal of Economic Growth, 9: 131-165.
Professor: Dr. Dogbey Bentley Annex 333 Office Hours: T, R (10:00-11:00) and (01:00-2:00) OR BY APPOINTMENT
WHAT THIS COURSE OFFERS (COURSE OBJECTIVES): This course investigates why African countries are underdeveloped and what the future has for these countries in terms of economic development. Its goal is to provide you with a framework for exploring this question and to examine “answers” that economists have offered. A second goal of this course it to help you internalize important strands in the existing literature and work on developing, organizing, and presenting original and already existing ideas. After this course, you should understand the foundation of economic wealth and poverty, understand the major strands in academic literature in African economic development, and be able to synthesize ideas about economic development and build on these to generate novel contributions in the future. PREREQUISITE: REQUIRED MATERIALS: BOOKS: Emmanuel Nnadozie, African Economic Development. RECOMMENDED: Benno J. Ndulu: The Political Economy of Economic Growth in Africa, 1960-2000 (Volume 1) SCHEDULE: (Exam dates are firm; Subjects covered on particular days may be adjusted as necessary.) Lecture 1 &2: Lecture 3 &4: Lecture 5: Lecture 6: Lecture 7: Lecture 8: Lecture 9&10:
Introduction, Overview and Definitions, Ch. 1, 2,3. Poverty, Growth & Development: Ch. 5, 7. Ethnic Diversity, Education & Development: Ch. 8,10. Political Instability, Democracy & Development: Ch. 11, 12. Corruption, Income Inequality & Development, Ch. 13, 14. Saving, Investment, Financial Markets: Ch 16, 17. Trade, Globalization & Sustainable Growth: Ch. 18, 19, 20, 23.
COURSE ACTIVITIES & GRADING: (Total Points: 150) Your grade in this course will be based on five short essays (one and half pages, double spaced) related to topics covered, due every two weeks, group presentation of required
readings (four presentations per group of 3), discussion of other groups’ presentation and final exam. Papers (20 points each; 80 total): lowest grade will be dropped. Presentations (10 points each; 30 points total) you can drop one grade (not presentation). Discussion: 5 points total. Attendance and Participation :(5 points). Cumulative Final Exam (20 points). • Grades are based entirely on essays, presentation, discussions, exam, and attendance. • Letter grades are based on the following SCALE: F is 0-59%; D- is 60-62%; D is 63-66%, D+ is 67-69%, C- is 70-72%, C is 73-76%, C+ is 77-79%; B- is 80-82%, B is 83-86%, B+ is 87-89%; A- is 90-92% and A is 93-100%. Whatever your average is at the end of the semester, I will apply the scale above to find your grade. Readings: 1. 2.
3. 4. 5. 6. 7. 8. 9. 10. 11.
12. 13.
14.
Sachs, Jeffrey and Andrew Warner (2001). “The Curse of Natural Resources,” European Economic Review, 45(4-6):827-838. Becker, Gary, Thomas Philipson, and Rodrigo Soars (2005). “The Quantity and Quality of life and the Evolution of World Inequality,” American Economic Review, forthcoming. Boettke, Peter and J. Robert Subrick (2003). “Rule of Law, Development and Human Capabilities,” Supreme Court Economic Review, 109-127. Bauer, Peter (2000). From Subsistence to Exchange, Princeton: Princeton University Press. Easterly William (2001). “Can Institutions Resolve Ethnic Conflict?” Economic Development and Cultural Change, 49(4): 687-706 Easterly, William and David Levine (1997). “Africa Growth Tragedy: Policies and Ethnic Divisions,” Quarterly Journal of Economics, 112(4): 1202-1250. Dogbey, John. “Is Fractionalization Perpetuated in Africa?” OU Working Paper Hayek, F.A. (1945). “The Use of Knowledge,” Economica, 4(13): 33-54. Rajan, Raghuram (2004). “Assume Anarchy”, Finance and Development, September: 56-57. Leeson, Peter (2007). Efficient Anarchy,” Public Choice, 130(1-2): 41-53. Persson, Torseten and Guido Tabellini (2006). “Democracy and Development: The Devil in the Details,” American Economic Review, Forthcoming. http://www.iies.su.se/~perssont/papers.aea_06_jan10_final.pdf Barro, Robert (1996). “Democracy and Growth,” Journal of Economic Growth, 1(1): 1-27. Acemoglu, Daron, Simon Johnson, and James Robinson (2002). “The Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution,” Quarterly Journal of Economics, 117(4): 1231-1294. Hanke, Steve and Stephen Walters (1997). “Economic Freedom, Prosperity and Equality,” Cato Journal, 17(2): 117-146.
15. 16.
17.
18. 19. 20. 21.
Fry, Timothy and Andrei Schleifer (1997). “The Invisible Hand and the Grabbing Hand,” American Economic Review, 87(2): 354-358. Fernandez, Raquel and Dani Rodrik (1991). “Resistance to Reform: Status Bias in the Presence of Individual-Specific Uncertainty,” American Economic Review, 81(5): 1146-1155. Young, Andy (2005). “The Gift of the Dying: “The Tragedy of AIDS and the Welfare of Future African Generations,” Quarterly Journal of Economics 120(2): 243-266. Sachs, Jeffrey and Andrew Warner (1995). “Economic Reform and the Process of Global Integration,” Brookings Papers and Economic Activity, 1: 1-118 Warner, Andrew (2003). “Once More Into the Breach: Economic Growth and Integration,” Center for Global Development Working Paper No. 34. Ovaska, Tomi (2003). “The Failure of Development Aid,” Cato Journal, 23(2): 175-188. http://www.cato.org/pubs.journal/cj23n2/cj23n2-2.pdf Rodrik, Dani (2004). “Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development,” Journal of Economic Growth, 9: 131-165.
