ECON 4536 Industrial Development

This course surveys recent microeconomic work on firms in developing countries. Recurrent themes are: What are the obstacles to industrial development? How do firms and individuals respond to these obstacles, and with what consequences? A sub-title for the course might be "the microeconomics of growth." We will focus on micro-level empirical studies of the behavior of firms and individuals as well as theoretical models that relate in a fairly direct way to such studies.

Topics to be covered include: credit constraints, contracting problems and creative solutions to them, learning and technology adoption, industry dynamics and productivity, the effect of trade and foreign direct investment on wages and productivity, and industrial policy.

Prerequisite

Microeconomía III, Macroeconomía III, Econometría I; sexto semestre.

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