The module consists of topics related to common causes and consequences of institutional failure in developing countries, such as market failures and failures in political, legal and social institutions. Topics will cover ways in which individuals, social groups and governments deal with these failures, including the use of informal institutions, social networks and policy interventions. Students will be exposed to both theory and empirics, with a focus on theoretical and empirical tools appropriate for studying the behaviour and constraints of individuals, households and firms in developing country settings. Emphasis will be placed in particular on studying strategic interaction between agents in the absence of markets and identifying causal effects.
Contact Hours: 30
Private Study: 120
Total Hours: 150
Method of assessment
20% Problem Sets
80% Examination (2 hours)
• Bardhan, Pranab and Christopher Udry. Development Microeconomics. Oxford University Press, 1999
• Bardhan, Pranab and Christopher Udry. Readings in Development Economics, Volume 1: Micro-Theory. MIT Press, 2000
• Bardhan, Pranab and Christopher Udry. Readings in Development Economics, Volume 2: Empirical Microeconomics. MIT Press, 2000
See the library reading list for this module (Canterbury)
On successfully completing the module students will be able to:
• systematically and comprehensively understand how concepts related to institutional failure, including market failure and distortions in other institutions, can account for underdevelopment and poverty
• systematically and comprehensively understand how modern theoretical and empirical methods can be used to study responses to institutional failure by individuals, social groups, and governments
• use economic models to think about problems in development at the high level of abstraction and generality
• comprehensively understand how economists use data to test contradicting and/or controversial theoretical hypotheses and explore causal relationships in development economics
• articulate informed opinions on advanced topics with high level of abstraction and build convincing argumentation in seminar debates on controversial matters
• solve complex analytical problems through the use of the different models studied within the curriculum
• enhance their ability to utilize modern computing resources to access and acquire data from all available sources
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Credit level 7. Undergraduate or postgraduate masters level module.
- ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
- The named convenor is the convenor for the current academic session.
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