Economic Development [CRN 81220]

Discipline: Economics
Instructor: Bluffstone
Credits: 3
Day: B
Start: 0930
End: 1050
Field Work: Day 2 | November 15, 2018 | Vietnam
Prerequisites: One (1) intermediate macroeconomics course Download Syllabus

The course seeks to help students develop an in-depth understanding and facility with critical topics in economic development and particularly sustainable development. This course evaluates social well-being across countries, with a particular focus on low and lower-middle income regions.  The course will examine why differences exist across countries and what can be done to improve human welfare in lower-income countries.  During the course students will discuss the determinants of income levels and economic growth and evaluate why some countries seem to have taken off and others appear to be stuck with low per capita incomes.   For example, are domestic economic policies and globalization key determinants of economic growth?  Legacies of colonialism?  Natural resource endowments? The course will examine the role of economic growth in economic development and consider ways in which income inequality, health and population growth affect human well-being.  Natural resources are typically very important in developing countries.  We will therefore also consider the role of natural resources in economic development and how their contributions may be affected by climate change.

Field Work

Country: Vietnam
Day: 2
Date: November 15, 2018

Visit to the University of Economics in Ho Chi Minh City to discuss the research of economics faculty members, meet with students and receive a briefing on key development issues in Vietnam. Lunch at the University of Economics. Visit to high-technology park guided by Economics University students, providing insights into Vietnam’s plan for continued economic development and transformation. This tour will provide ample opportunities for formal and informal discussions with students, offering the opportunity for enhanced inter-cultural understanding.

Learning Objectives:
1. Gain insight into the contemporary economic development process in Vietnam
2. Increase understanding of the role of sustainability in Vietnam
3. Have a better understanding of poverty and inequality in Vietnam