General readings. (1998): Development Economics, Princeton: Princeton University Press.*. (1997): Analytical Development Economics, Cambridge: MIT Press.*. Udry (1999): Development Microeconomics, Oxford: Oxford University. (* = Books available in the SUB and/or.

These two volumes of readings attempt to bring some degree of structure to a relatively diffuse field. Because of the sheer volume of high-quality work in development economics research, they are intended as a sampling of work at the frontier of the field, rather than as a comprehensive overview.Volume I: Micro-Theory focuses on theoretical work. Topics covered include sharecropping as a principle-agent problem, fragmented duopolies, credit market imperfections, poverty traps, peer monitoring in credit cooperatives, coordination failures, human capital accumulation as an engine of growth, and environmental issues in development.

Traditional development economics has recently been revolutionized by the application of new economic tools and concepts. Apa Style Manual 6th Edition 2nd Printing there. Development Microeconomics is the first in a series of books which will look at the entire spectrum of development economics issues, combining the strengths of conventional developmental thought with the insights of contemporary mainstream economics. The main new conceptual tool used is the application of the theory of imperfect information and the effects this has on the the behaviour of economic agents. This helps to explain why perfect competition models rarely have success when dealing with developing economies. The authors also stress the necessity of balance in dealing with many of the classic problems in development studiesthe importance of both the individual as economic agent and cultural norms as the framework of social behaviour; the dual relationship between equity and efficiency in economic policy-making; the importance of market rivalry and the potential of market breakdown. Designed specifically for graduate students, this book analyses the key microeconomic problems facing the very poorest sectors of developing economies.

It utilises simple theoretical models, and is presented in a compact and analytical form. High technical sophistication is avoided, and the only pre-requisite is some familiarity with the tools of general microecomic theory at a first-year graduate or advanced undergraduate level. Introduction Household Economics Population Fragmented Markets: Labour Migration Rural Land Market Fragmented Credit Markets Risk and Insurance in an Agricultural Economy Interlinkage of Transactions and Rural Development Human Capital and Income Distribution Poverty Alleviation: Efficiency and Equity Issues Technological Progress and Learning Environment and Development Trade and Development The Dual Economy Intersectoral Complementarities and Coordination Failures Instiutional Economics and the State in Economic Development.