ECON 460 - Economic Development

  • 3 credits

Economic problems of underdeveloped nations.

This course focuses on the economics of developing countries. The course examines the experience of the so called “developed countries” and seeks to understand the processes by which countries enter into a stage where the standards of living of the masses of people are increased and these increases are sustained over time. One of the central issues in economic development is the issue of economic growth. Other issues include poverty and inequality, the Colonial legacy, the environment, gender institutions, and globalization. This course focuses on both the macro and the micro issues that are central to growth and development.

Upon completion of the course, the student should:

• examine the particular structural characteristics of developing countries;
• understand theories of economic growth;
• explain the specific problems developing countries and their people face and identify policies to address those problems;
• understand the causes of poverty and inequality in the developing world;
• analyze the role that gender plays in economic development;
• explore environmental problems and issues associated with growth and development.

This course requires the use of electronic proctoring through ProctorU, please see http://www.online.colostate.edu/current-students/proctoring.dot for detailed instructions.  For students requiring accommodations, please contact Resources for Disabled Students (RDS); for consideration of exceptions outside the scope of RDS, please contact the University Testing Center.

This course can be applied towards:

Prerequisite

ECON 304 (Intermediate Macroeconomics).

Important Information

Prerequisites: intermediate macroeconomics, college algebra.

Textbook and Materials

Textbooks and materials can be purchased at the CSU Bookstore unless otherwise indicated.

Required

  • Economic Development*, 12th Ed. (2015)
    Todaro, Michael P. and Smith, Stephen C.
    ISBN: 978-0133406788
  • Economic Development, CourseSmart eTextbook*, 12th Ed. (2015)
    Todaro, Michael P. and Smith, Stephen
    ISBN: 978-0133423600

*Students need purchase only one of the above textbooks.

Instructors

John Ohakim
John Ohakim

john.ohakim@colostate.edu

John Ohakim is a research assistant and online instructor in the Department of Economics at Colorado State University. His broad research fields of interests include international trade and finance, and development economics. His current research seeks to address questions about multinational corporations’ foreign investment behavior, optimal responses in host nations, and gendered distribution of income and wealth.

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