Department of Economics & International Development, Unit Catalogue 2006/07
EC50124 Development & transition 1 (microeconomic issues)
| Credits: 6 |
| Semester: 1|
Aims: To create an awareness of required microeconomic changes to transform an administrative to market economy, by a study of the key required microeconomic changes.
* To be able to critically appraise the theoretical models and empirical methods applied in (micro) Transition Economics;
* To have sufficient skills to critically appraise policy instruments and recommendations.
Ability to develop rigorous arguments through precise use of concepts and mathematical models (Taught/Facilitated/Assessed). Ability to select, summarise and synthesis written information from multiple sources (T/F/A). Ability to select and use appropriate ideas to produce a coherent response to a pre-set question (T/F/A). Comprehensive and scholarly written communication (T/F/A). Concise and effective written communication (e.g. briefings / written exams) (T/F/A). Effective oral communication (e.g. lecture question and answer) (F). Ability to apply theory to policy areas (T/F/A).
Review key theories of economic development, Household economics, population, market fragmentation, migration, financial markets, land, agricultural risk and insurance, inter-linkage, human capital and income distribution, poverty measurement, endogenous technical change, dual economy models, inter-sectoral complementarity and co-ordination failure, institutional economics and the state. Privatisation and restructuring of firms; reforming state enterprises; legal issues; firm genesis; financial markets; virtual and hidden economies; the market for land; tax-benefit systems and the labour market.