Essentials of Development Economics 3rd Edition By Edward Taylor, Travis Lybbert
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- 372
- File size
- 9.23 MB
- Format
- Digital PDF
- Course
- Economics
- Category
- eBook[PDF]
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About this ebook
Essentials of Development Economics (3rd Edition) by J. Edward Taylor and Travis J. Lybbert is structured around 14 core chapters that combine macroeconomic development theories with microeconomic household and field-based research methods. [1, 2]
The complete breakdown of topics and chapters covered in the textbook includes: [1]
1. Introduction & Methodology
- Chapter 1: What Development Economics Is All About – Introduction to the core questions, history, and goals of development policy (including updates on international frameworks like the UN's development targets). [1, 2]
- Chapter 2: What Works and What Doesn't? – Methodological foundations, best practices, and state-of-the-art evaluation techniques used to measure impact in development research. [1, 2]
2. Core Welfare Metrics
- Chapter 3: Income – How national and household income are measured, used, and compared across developing regions.
- Chapter 4: Poverty – Concepts, measurements, and poverty dynamics, alongside targeted strategies to alleviate extreme poverty.
- Chapter 5: Inequality – The distribution of wealth and income, exploring its relationship with overall economic progress.
- Chapter 6: Human Development – Investments in vital human capital, focusing specifically on education, nutrition, and public health outcomes. [1, 2]
3. Macro Dynamics & Systems
- Chapter 7: Growth – Aggregate economic growth models, tracking how developing countries accumulate capital and scale production.
- Chapter 8: Institutions – The legal, historical, and governmental structures that serve as the foundation for—or barriers to—economic advancement. [1]
4. Sectoral & Market Microeconomics
- Chapter 9: Agriculture – Production economics of smallholders, household consumption choices, and rural food supply chains. [1, 2]
- Chapter 10: Structural Transformation – How labor and economic activity transition out of rural agriculture into industrial and modern urban sectors (including frameworks like the Lewis Model). [1, 2]
- Chapter 11: Information and Markets – Village and local market dynamics, transaction frictions, and asymmetric information problems. [1, 2]
- Chapter 12: Credit and Insurance – Financial access for the poor, exploring microfinance, systemic risks, and informal smoothing mechanisms. [1]
5. Global Connections
- Chapter 13: International Trade and Globalization – The economic effects of openness, regional integration, and global supply chains on emerging markets.
- Chapter 14: Choose Your Own Epilogue – Concluding perspectives on future directions, letting students project the field's next research horizons. [1, 2]
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