MSc International Development: Public Policy and Management / Course details

The course will cover both the theories and applications of economic growth, stabilisation policies, and open economy macroeconomics. It will place equal emphasis on understanding the underlying theoretical frameworks and applying them to real-world economic contexts.

The objective of the unit is to provide students with a rigorous analysis of the fundamental concepts of international macroeconomics as well as to theories of economic growth.

Knowledge and understanding
Students will have a good understanding of the theoretical foundations of the main growth theories and the differences among them. They will be equipped with the skills to apply these theories to real-world experiences of different economies and will be able to analyse the impact of different policies on economic growth using the main theories of economic growth. 
In addition, students will be able to analyse the impact of different stabilisation policies. Students will also develop an understanding of how governments respond to macroeconomic shocks, such as those arising from pandemics (e.g. COVID-19), climate change, and natural disasters. 
Students will have a good understanding of the basic concepts of international macroeconomics, such as the determinants of short-term and long-term foreign exchange rates; the relationships between exchange rates, prices, and output; fixed exchange rate regimes; and currency and financial crises.
 

Intellectual skills 
Students will be able to provide an analytical discussion of the concepts of international macroeconomics and apply them to the analysis of macroeconomic policies of different countries.

Lecture and tutorial based.

Helpman, Elhanan, The mystery of economic growth, Cambridge, Mass. ; London : Belknap Press of Harvard University Press, 2004,

Agenor , P-R. The economics of adjustment and growth, Cambridge, Mass.: Harvard University Press 2nd edition, 2004.

Rodrik, Dani, In search of prosperity : analytic narratives on economic growth, New Jersey, USA : Princeton University Press 2003.

Krugman, P.R., and Obstfeld M., International economics, theory and policy, Addison Wesley Longman, Inc. 8th edition, 2009.

Information
GDI Programmes on which course unit is offered:
MSc DEP (core), MSc DF, MSc PPM, MSc ID: PID

Timetable

10 x 2 hours lectures a week, 5 tutorial sessions

Revision lecture - 2 hours

Stata lab sessions