DEVELOPMENT ECONOMICS
(objectives)
The course aims to provide a synthetic yet complete view of the economic growth and development. In particular, the course aims to provide students with an overview of the facts to be explained, providing them with the tools with which to set up the analysis to enable them to construct their own independent and critical point of view. Starting from the analysis of production factor accumulation as an interpretative key to explain growth (i.ee physical capital, population and economic growth, future trends in demographic development and human capital), the student is subsequently exposed to the study of productivity (and in particular, to problems related to its measure), technology and the concept of technological frontier. Subsequently, the analysis framework is extended through the study of efficiency and economic growth in an open economy. Finally, it is completed by providing the student with an overview of the fundamentals of development by examining the role that state, income inequality, cultural context, geography, climate and natural resources play in explaining economic development.
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