- Home » Courses » Economics » Development Economics: Microeconomic Issues and Policy Models » Readings. Bardhan, Pranab, and Christopher Udry. Dasgupta, Partha, and Debraj Ray. 'Inequality as a Determinant of Malnutrition and Unemployment: Policy.' The Economic Journal 97 (1986): 177-188.
- 440.623 – Development Microeconomics This course analyzes the constraints on households and policy makers in developing countries using econometric tools. Empirical micro-economic studies of behavior and policy outcomes. Bardhan and Udry, chapter 11 (Poverty alleviation: Efficiency.
This content downloaded by the authorized user from 192.168.72.222 on Tue, 11 Dec 2012 08:02:15 AM. All use subject to JSTOR Terms. Pranab Bardhan 131 orthodox economists made successful inroads in partially recapturing this rebel territory and many a premature obituary of development economics was written.2.
Traditional development economics has recently been revolutionized by the application of new economic tools and concepts. Development Microeconomics is the first in a series of books which will look at the entire spectrum of development economics issues, combining the strengths of conventional developmental thought with the insights of contemporary mainstream economics.
The main new conceptual tool used is the application of the theory of imperfect information and the effects this hason the the behaviour of economic agents. This helps to explain why perfect competition models rarely have success when dealing with developing economies. The authors also stress the necessity of balance in dealing with many of the classic problems in development studiesthe importance of both the individual as economic agent and cultural norms as the framework of social behaviour; the dual relationship between equity and efficiency in economic policy-making; the importance of market rivalry and the potential of market breakdown. Designed specifically for graduate students, this book analyses the key microeconomic problems facing the very poorest sectors of developing economies. It utilises simple theoretical models, and is presented in a compact and analytical form.
High technical sophistication is avoided, and the only pre-requisite is some familiarity with the tools of general microecomic theory at a first-year graduate or advanced undergraduate level.
Traditional development economics has recently been revolutionized by the application of new economic tools and concepts. Development Microeconomics is the first in a series of books which will look at the entire spectrum of development economics issues, combining the strengths of conventional developmental thought with the insights of contemporary mainstream economics.
Journal Of International Development
University Of Nottingham
The main new conceptual tool used is the application of the theory of imperfect information and the effects this has on the the behaviour of economic agents. This helps to explain why perfect competition models rarely have success when dealing with developing economies. The authors also stress the necessity of balance in dealing with many of the classic problems in development studiesthe importance of both the individual as economic agent and cultural norms as the framework of social behaviour; the dual relationship between equity and efficiency in economic policy-making; the importance of market rivalry and the potential of market breakdown. Designed specifically for graduate students, this book analyses the key microeconomic problems facing the very poorest sectors of developing economies.
Oliver Morrissey
It utilises simple theoretical models, and is presented in a compact and analytical form. High technical sophistication is avoided, and the only pre-requisite is some familiarity with the tools of general microecomic theory at a first-year graduate or advanced undergraduate level.
Errata. • Design Decisions — To give readers insight into the design choices that one could make when formulating a solution, “Design Decision” elements lay out such options, along with the rationale behind the choice made for a particular example. These discussions are often in the context of one of the A Problem Solved examples. • Self-Test Questions — Throughout each chapter are questions, integrated within the text, that reinforce the concept just presented and help students understand the material. Solutions to the self-test questions are provided at the end of each chapter. The reader must pause and reflect on the material to answer the question(s).
Introduction Household Economics Population Fragmented Markets: Labour Migration Rural Land Market Fragmented Credit Markets Risk and Insurance in an Agricultural Economy Interlinkage of Transactions and Rural Development Human Capital and Income Distribution Poverty Alleviation: Efficiency and Equity Issues Technological Progress and Learning Environment and Development Trade and Development The Dual Economy Intersectoral Complementarities and Coordination Failures Instiutional Economics and the State in Economic Development.