Lecturer: Jay Walker (PhD)
Graduate Program Director
This course develops the ability to analyze and compare economic development theories and their policy implications. It equips students to use key economic metrics to assess challenges like poverty, inequality, and institutional quality. It also examines the roles and limitations of trade, investment, and aid in development. Students learn to critically evaluate policy effectiveness using empirical evidence and understand how development links to education, health, gender, and sustainability. Finally, the course trains students to design practical, evidence-based policy solutions tailored to local contexts.
Relevant Charts
Human Capital and Educational Investment
2.Foreign Investment and Market Dynamics
3.Population Growth and Development
Paper
Tunisia’s economy has experienced unbalanced growth over the years. The country’s economic growth has experienced a period of stagnation, volatility and persistent structural challenges. My write-up provides an in-depth analysis of Tunisia’s economic status and identifies three significant economic challenges facing the country, drawing on data from 1987 to 2023.
Despite gaining independence from France in 1956, Tunisia remained under authoritarian rule until the 2011 Arab Spring, which ushered in a more inclusive political system—albeit one marked by recent instability. The country continues to grapple with persistent economic challenges that have constrained its development. To diagnose these issues and formulate targeted policy solutions, this paper applies two foundational economic frameworks: the Malthusian Theory of Population and the Solow Growth Model. These theories provide critical lenses to analyze Tunisia’s socio-economic constraints, from resource scarcity to productivity growth, and offer actionable pathways for reform.
Abstract: This paper explores the paradox of Tunisia's investment in human capital and its underwhelming economic growth, with a focus on the country's educational system. While classical and neoclassical theories, particularly the Solow Growth Model, emphasize the role of labor and education in fostering development, Tunisia presents a unique case where rising educational expenditure has not translated into sustained GDP growth. Using historical data from 1987 to the present, this study reveals a disconnect between government investment in education and economic performance. The analysis attributes this gap to institutional weaknesses such as poor education quality, a lack of accountability, and systemic corruption—issues supported by empirical research and institutional economic theories, including those by Acemoglu and Robinson. The paper proposes a multifaceted policy response, including teacher salary reforms, independent audits, and strategic investment in scientific and IT infrastructure. It also acknowledges structural challenges such as societal attitudes and budgetary constraints, offering a pragmatic roadmap for aligning human capital development with economic outcomes.
In this video, I present my group’s proposed policy intervention aimed at addressing the high rate of graduate unemployment in Tunisia. The presentation outlines the context of the issue, the limitations of existing programs, and our evidence-based solution designed to improve employment outcomes for university graduates. We also provide a brief cost-benefit analysis to demonstrate the policy’s feasibility and potential impact.
In this video, I reflect on the key insights and lessons I gained from taking the Development Economics course. I discuss how the course deepened my understanding of the challenges facing developing countries and how economic theories, data, and policy tools can be used to address issues such as poverty, inequality, and sustainable development.