Advanced Development Economics - Macro Aspects
The course covers three broad themes:
Theme 1. Historical development
Accounting for the vast differences in income and development we observe across the globe today requires a solid understanding of the process of economic development in a historical perspective. In this part of the course we illustrate how history matters to understand economic development, by examining the forces that kept economies in a long period of slow growth during pre-modern and pre-industrial times, and the mechanisms that enabled some economies to exit stagnation and ultimately embark on a path of sustained economic development.
Theme 2. Fundamental determinants of differences in economic performance
In this part of the course we ask in more detail how and why history matters for economic development. We go beyond answers at a proximate level, and study reasons and mechanisms that explain differences in economic performace at a deeper level. For this, we rely on the most recent research literature on the impact of historical events on comparative development, and on the economic impact of differences in fundamental characteristics across countries and subnational regions. For example, we examine whether specific dimensions of climate and geography, certain characteristics of culture and institutions, or the coevolution and interdependence between these different types of fundamental determinants, can explain why some economies have been able to build larger stocks of human and physical capital, innovate and adopt new technologies faster, and maintain a trajectory of sustained development more effectively than others; and whether this type of analysis can also illuminate on the reasons behind underdevelopment.
Theme 3. Policy debates
By the end of the course we explore recent policy debates related to the main topic of the course. Examples of these debates are the effectiveness of development policy tools such as foreign aid, the role of industrial policies and active state interventions to promote economic development, and the causes, consequences, and policy demands to address different types of inequality.
MSc programme in Economics – elective course
The PhD Programme in Economics at the Department of Economics:
- The course is an elective course with research module. In order to register for the research module and to be able to write the research assignment, the PhD students must contact the study administration AND the lecturer.
After completing the course the student is expected to be able to:
- Describe the global pattern of economic development, from a historical and a modern perspective.
- Account for theoretical models and arguments related to the historical process of development, and the empirical evidence accompanying them.
- Identify and account for specific causes of differences in the development path that different economies have followed, and relate them to fundamental drivers of economic development.
- Provide the basic economic intuition behind central mechanisms in theoretical models explaining differences in economic performace from a macro perspective.
- Assess the capacity of theoretical models and arguments to generate empirically testable predictions, and evaluate the extent to which empirical evidence supports theoretical predictions.
- Present a comprehensive overview of the recent research literature relevant to understand the process of economic development in a historical and comparative perspective.
- Appreciate some of the key debates in development economics, understand how they relate to contemporary policy issues, and discuss the effectiveness of policies aimed at promoting growth and economic development.
- Apply our expertise as economists to understand and assess quantitative analyses carried out in the context of less developed regions.
- Work effectively as a trained economist analyzing problems of both developed and less developed countries as a researcher in an academic institution, an international organization, a business environment, a nongovernmental organization, or a governmental institution.
Lectures and exercises, in which students will work individually
and in groups, analysing specific topics covered in the course and
engaging in discussion.
Discussion forums, group work, lectures and feedback can be include or be conducted through online and blended learning methods
Restrictions due to pandemic crisis:
The teaching in this course may be changed to either fully or partly online due to a pandemic crisis like COVID-19.
Further information and in case of changes: Please read the study messages in KUnet or the announcements in the virtual course room on Absalon (for enrolled students).
The course uses book chapters, recent journal articles, and recent working papers.
It is strongly recommended that participants have followed the
courses "Development Economics", "Macroeconomics
I" (regarding long-run macro) and "Econometrics I"
(regarding simple regression analysis and instrumental variables)
from the Bachelor of Economics, University of Copenhagen or
Students will benefit from having followed courses in "Economic History" at the Bachelor of Economics, University of Copenhagen, "Economic Growth" and "Applied Econometric Policy Evaluation" at the Bachelor and Master of Economics, University of Copenhagen or similar courses.
3 hours lectures a week from week 36 to 50 (except week 42).
The overall schema for elective courses can be seen at KUnet:
MSc in Economics => "Courses and teaching" => "Planning and overview" => "Your timetable"
Timetable and venue:
To see the time and location of lectures please press the link under "Timetable"/"Se skema" at the right side of this page (E means Autumn).
You can find the similar information partly in English at
-Select Department: “2200-Økonomisk Institut” (and wait for respond)
-Select Module:: “2200-E22; [Name of course]”
-Select Report Type: “List – Weekdays”
-Select Period: “Efterår/Autumn”
Press: “ View Timetable”
Please be aware:
- The schedule of the lectures can change without the participants´ acceptance. If this happens, you can see the new schedule in your personal timetable at KUnet, in the app myUCPH and through the links in the right side of this course description and the link above.
- It is the students´s own responsibility continuously throughout the study to stay informed about their study, their teaching, their schedule, their exams etc. through the curriculum of the study programme, the study pages at KUnet, student messages, the course description, the Digital Exam portal, Absalon, the personal schema at KUnet and myUCPH app etc.
The lecturer gives collective oral feedback at the questions and comments the students make in the lectures and exercises.
Office hours: Students will have the possibility to engage individually or in group with the teacher during weekly office hours.
Foreign students and guests: Information about admission requirements, application, tuition fee, registration at Study Economics.
Please read the curriculum before enrolment.
- 7,5 ECTS
- Type of assessment
Written assignment, 12 hours
- Type of assessment details
- Individual take-home exam. The students are not allowed to
communicate about the given problem-set or collaborate on the
assignment with anyone. If done so, it will be regarded as
The exam assignment is given in English and must be answered in English.
All aids allowed for the written exam.
Information about allowed aids for the re-examination. Please go to the section "Re-exam".
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
at the written exam.
For further information about allowed aids for the re-examination, please go to the section "Re-exam".
Criteria for exam assessment
Students are assessed on the extent to which they master the learning outcome for the course.
In order to obtain the top grade "12", the student must with no or only a few minor weaknesses be able to demonstrate an excellent performance displaying a high level of command of all aspects of the relevant material and can make use of the knowledge, skills and competencies listed in the learning outcomes.
In order to obtain the grade “02”, the student must in a satisfactory way be able to demonstrate a minimal acceptable level of the knowledge, skills and competencies listed in the learning outcomes.
Single subject courses (day)
- Course number
- 7,5 ECTS
- Programme level
- Full Degree Master
- Go to 'Signup' for information about registration and enrollment.
Information about admission and tuition fee: Master and Exchange Programme, credit students and guest students (Open University)
- For teaching: Go to 'Remarks'.
- For exam and re-sits: Go to 'Exam'.
- Department of Economics, Study Council
- Department of Economics
- Faculty of Social Sciences
- Pablo Selaya (12-7a6b6c7679387d6f766b836b4a6f6d797838757f386e75)
See 'Course Coordinators'.
Please read "Remarks" regarding the schedule of the teaching.
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Courseinformation of students