Agricultural Development Economics (AGEC4102)


This unit focuses on the microeconomic analysis of development, with a special emphasis on the importance of market failures in financial markets as origin of persistent poverty. The unit also addresses policy interventions to overcome such failures and the challenges in their evaluation. A special emphasis is put in the discussion of the role of agriculture in development, and the evidence supporting its importance in poverty reduction.

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Further unit of study information


1x2-hr lectures/week, 1x1-hr tutorial/week commencing week 2


1x2000 wd problem set (20%), 1x1000 wd review (10%), 1x15min presentation (5%), 1x1page evaluation of a peer (5%), and 1x2hr final exam (60%)


Debraj Ray, Development Economics, Princeton University Press. Abhijit Banerjee, Roland BĂ©nabou and Dilip Mookherjee, Understanding Poverty, Oxford University Press. World Bank, Agriculture for Development - World Development Report 2008, World Bank and O

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Unit of study rules

Prerequisites and assumed knowledge

(AGEC2001 or AGEC2101) and (AGEC2003 or AGEC2103)

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