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ECON 303 Economics of Developing Countries18 points. Semester 2. OverviewIn New Zealand income per capita is $US27,250, virtually everyone can read and write and, on average, people can expect to live for 80 years. In India income per capita is $US820, more than a third of the population cannot read and write and average life expectancy is 64 years. Most of the countries that make up the world economy have more in common with India than with New Zealand. These countries (where more than two-thirds of the world's population live) are known as the Third World. This course is about these countries. The course analyses various models that seek to explain why it is that most of the world's economies appear to be trapped at low standards of living for most of their citizens. We will also analyse what policies, if any, are likely to encourage the economic development of these countries. The approach followed will be to relate the theoretical literature to the real world experience of developing countries. Paper coordinator
Prerequisites(ECON 201 or ECON 271) and ECON 202
Course OutlineFor more information about this paper please view the 2011 Course Outline in pdf format.
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