(second half of the course) - overview is here
Ray: chapters 3-5, Banerjee: chapters 2, 3 and 5
Lecture note on economic growth.
This is meant as a supplement and a little help. It will never cover all of the curriculum - it is just meant as a
supplement and documenting some of what is done at the lectures.
At the lecture on 11 March I talked about the Big Push model, which
is not extensively covered in Ray. For a textbook exposition of the
model, look at these pages from Todaro/Smith: Development Economics, Ninth Edition. (You will need to supply your UiO username and password to download the file).
Migration / Rural and Urban
On agriculture and dual economies (lecture 1 April) Ray, chapter 10
The Lewis model (lecture 1 April) Ray, chapter 10
The Harris-Todaro model (lecture 1 and 8 April) Ray, chapter 10
On agricultural productivity, productivity growth, transition and trade (lecture 8 April): Banerjee, chapter 8
International migration (lecture 8 April): See a short exerpt from Krugman/Obstfeld: International Economics (password protected). In additon, much of the logic from Ray chapter 10 applies.
(update 4 April 16:40: Added one more (short) note, also available from the link above)
Trading patterns (read yourself) Ray, chapter 16
The Ricardo model, comparative advantage (lecture 15 April) Ray, chapter 16
The Heckscher-Ohlin model (lecture 15 April) Ray, chapter 16
Gains and losses from trade (lectures 15 and 22 April) Ray, chapter 16 and 17
Trade policy: Imports (lecture 22 April) Ray, chapter 17
Trade policy: Exports (read yourself) Ray, chapter 17
Other policies, structural adjustment (read yourself / lecture 22 April) Ray, chapter 17
A brief overview of trade policy (read yourself) Banerjee, chapter 6
The poor and the global economy (read yourself / lecture 22 April) Banerjee, chapter 7
Note on Ray chapter 17: You can disregard what is written on exchange rates
(it's still important, we're just telling you that it won't be an
important feature of the exam). This includes the last part of 17.2.1
("Exchange rates"), all of 17.3.2 and some of the discussion in 17.4.
In addition, you shouldn't dig too deep into
welfare analysis such as that
used in 17.2.2 subtopic "welfare
effects". You should be able to grasp the main conclusions (who gains,
who loses) without looking at the various geometric figures under the
Some information for the second seminar (week 7)
Disclaimer: If the information at the course page and on this page is different, always trust the course page.