M7 Development Policies and Research Colloquium*

Students know how a number of important development policies have been derived from major economic development theories and/or have been designed in a pragmatic way in order to deal with particular development challenges. They are aware of the difficulties of policy design and implementation as well as of the diversity of policy outcomes in different context and of the often diverging assessment of policy outcomes by different observers. Students can evaluate development policies against the background of their theoretical foundations and their relevance for developing countries, are able to analyse and critically discuss their assumptions and limitations as well as to present the results of their analysis to fellow students.

During Research Colloquia the students learn about concrete challenges in the area of development policy as well as theoretical and methodological frameworks and practical approaches to deal with these challenges. Students are capable of discussing and evaluating policy approaches and results.

M8 Public Finance for Development*

Students know major concepts, theoretical approaches, historical developments and debates in public finance with regard to developed as well as in developing countries and emerging markets. By the end of the course students have a good understanding of the role of the public sector in economic development, the planning and control of public spending and tax policy and its problems in emerging markets and developing countries. Students are able to analyze public finance approaches, policies and their respective outcomes. Students are able to evaluate policy options, design policies, make decisions and give policy recommendations as well as to present, discuss and defend their case in front of an audience, both individually and in task groups and teams.