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The economic theories behind the predominant approaches to economic development are reviewed. Both the sources of growth and problems in the development process are stressed. Emphasis is on the analysis and evolution of the models supporting the different approaches and the empirical analysis leading to changes in the paradigms. The role of agriculture in the economic development process is one of the topics. Other important issues are technological change, income distribution, structural adjustment, and the debt problem. Prerequisite: ECON 51100, 51200.

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