AEM 4640 Economics of Agricultural Development (also ECON 4640)
Fall. 3 credits. Prerequisite: ECON 1110–1120 or permission of instructor. R. D. Christy.
Provides an understanding of the economics of the agricultural sector in low-income countries. Also covers more general issues of economic development beyond the agricultural sector to provide the necessary context for an understanding of rural problems. Topics include the nature of development and technical change, welfare and income distribution, land reform, food and nutrition policy, food security and food aid, competition with more developed countries and international markets, the effect of U.S. policy on agricultural development, and the role of international institutions. Uses examples from a wide variety of developing countries to illustrate the basis for economic analysis.