Teaching and learning development economics : retrospect and prospect

Kwan Yiu, Edward CHEN

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

1 Scopus Citations

Abstract

The author has chosen three major topics in development economics for a discussion on how to teach the subject: the concepts and measurement of development, models of growth and development, and the international aspects of economic development. For the concepts of development, it is important to emphasize the coherence of the topics to be studied. In teaching models of growth and development, he suggests that the classical models, the Marxian model, the Harrod-Domar models, and the Neoclassical model be discussed in the context of technology versus capital as a major determinant of growth and development. The role of labor, employment, and human capital would be discussed in the context of the LewisRanis-Fei model, the Harris-Todaro model, and the New Growth theory. The international aspects should be given due emphasis in the economic development syllabus with a thorough discussion on trade, investment, and finance in this connection.
Original languageEnglish
Pages (from-to)236-248
Number of pages13
JournalJournal of Economic Education
Volume36
Issue number3
DOIs
Publication statusPublished - 1 Jan 2005

Fingerprint

Teaching
learning
economics
growth theory
syllabus
development model
Development economics
human capital
finance
determinants
labor
Growth and development
Economic development
Finance
Neoclassical model
Human capital
Harris-Todaro model
New growth theory
Labor
Development model

Bibliographical note

Paper presented at the Conference on What We Teach and How We Teach It: Perspectives on Economics from Around the Globe, Jul 13-16, 2004, University of South Australia, Adelaide, Australia.

Keywords

  • Economic Development
  • Growth Models

Cite this

CHEN, Kwan Yiu, Edward. / Teaching and learning development economics : retrospect and prospect. In: Journal of Economic Education. 2005 ; Vol. 36, No. 3. pp. 236-248.
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Teaching and learning development economics : retrospect and prospect. / CHEN, Kwan Yiu, Edward.

In: Journal of Economic Education, Vol. 36, No. 3, 01.01.2005, p. 236-248.

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

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AB - The author has chosen three major topics in development economics for a discussion on how to teach the subject: the concepts and measurement of development, models of growth and development, and the international aspects of economic development. For the concepts of development, it is important to emphasize the coherence of the topics to be studied. In teaching models of growth and development, he suggests that the classical models, the Marxian model, the Harrod-Domar models, and the Neoclassical model be discussed in the context of technology versus capital as a major determinant of growth and development. The role of labor, employment, and human capital would be discussed in the context of the LewisRanis-Fei model, the Harris-Todaro model, and the New Growth theory. The international aspects should be given due emphasis in the economic development syllabus with a thorough discussion on trade, investment, and finance in this connection.

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