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Johns Hopkins University | SA.510.119

Theories and Models of Economic Development

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This course provides an introduction to Development Economics, aiming to familiarize students with key economic concepts, theories and models underlying the basic process of economic growth and development. It takes an intuitive and non-technical approach, focused on the key concepts and arguments around economic growth and development, rather than on the more formal and technical details of econometric or theoretical models. The course will explore the big questions and challenges that affect the majority of the world’s population, living in lower-income countries, such as: 1) Why do some countries grow more than others? 2) What are the root causes of raising inequality and what can be done about it? 3) Where can countries raise the revenue needed to fund their development goals? 4) How do people live on less than 2 dollars a day? 5) What can international aid to help countries develop, and does it work? The course takes a practical angle in showing how the relevant theories and models apply in the real world, based on empirical evidence.

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