This course offers a systematic presentation of the principles, theories and methods of new structural economics in the style of a general education course. It will mainly cover the structural paradigm revolution about new structural economics, as well as its theoretical systems and its practical applications. This course will teach, in part, about this paradigm revolution to neoclassical economics; the specific content of this introduction to new structural economics will include (1) a brief overview of the economic histories of China and the world, as well as the diversity of their economic structures, and the complexity of economic systems, (2) a brief history of economic theories and the origins and development of new structural economics, and (3) the basic principles of new structural economics and the discipline’s sub-fields.
The course is divided into two sections and 23 lectures (three lectures in General Principles of New Structural Economics and 20 lectures in Introduction to New Structural Economics).
The objectives for our students are that they will be able to (1) thoroughly observe the diversity of real-world economic structures, (2) thoroughly understand the basic laws and characteristics of real-world economic structures and their changes, (3) proficiently use the methods of new structural economics to analyze economic structures and their changes, (4) proficiently use the analytical tools of new structural economics to propose solutions to realistic problems, (5) gain a better understanding of the world (and transform it), and (6) gain the ability to write academic papers on new structural economics, should they have such academic proclivities.
Economic principle
References
1. Designated Course Materials:
Justin Yifu Lin and Fu Caihui: Introduction to New Structural Economics (Parts One and Two). Higher Education Press, August 2019 (published in China). ISBN: 9787040523423 (an English version is to be published in 2022).
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2. Justin Yifu Lin, New Structural Economics: A Framework for Rethinking Development Policy. Washington, World Bank, 2012.
3. Justin Yifu Lin, Demystifying the Chinese Economy, Cambridge University Press, 2012.
Recommended Course Reference Materials:
1. Justin Yifu Lin, Benti and Changwu: Dialogues on Methodology in Economics. Cengage, 2012.
2. Justin Yifu Lin, Cai Fang and Li Zhou, China’s Miracle: Development Strategy and Economic Reform. The Chinese University of Hong Kong Press, 1996.
3. Justin Yifu Lin, Economic Development and Transition: Thought, Strategy and Viability. Cambridge: Cambridge University Press, 2009.
4. Justin Yifu Lin, The Quest for Prosperity: How Developing Economies Can Take Off. Princeton, NJ: Princeton University Press, 2012.
5. Justin Yifu Lin, Against the Consensus: Reflections on the Great Recession. Cambridge: Cambridge University Press, 2009.
6. Justin Yifu Lin and Yan Wang, Going Beyond Aid: Development Cooperation for Structural Transformation, Cambridge: Cambridge University Press, 2016.
7. Justin Yifu Lin, Célestin Monga, Beating the Odds: Jump-Starting Developing Countries. Princeton University Press, 2017.
8. Justin Yifu Lin, Fang Cai and Zhou Li, Sufficient Information and State Enterprise Reform in China. Hong Kong: the Chinese University Press, 1999.
9. Wen Yi, The Making of an Economic Superpower — Unlocking China’s Secret of Rapid Industrialization. World Scientific Co. Publisher.
10. Robert G. Allen, The British Industrial Revolution in Global Perspective. Cambridge University Press, 2009.
11. Joseph E. Stiglitz, and Justin Yifu Lin, Industrial Policy Revolution I: The Role of Government beyond Ideology, Hampshire, UK: Palgrave Macmillan, 2013.
12. Joseph E. Stiglitz, Justin Yifu Lin and Ebrahim Patel, Industrial Policy Revolution II: Africa in the Twenty-First Century, Hampshire, UK: Palgrave Macmillan, 2013.
13. Justin Yifu Lin, Célestin Monga, The Oxford Handbook of Africa and Economics (I/II). Oxford University Press, 2015.
14. Justin Yifu Lin, Célestin Monga, The Oxford Handbook of Structural Transformation. Oxford University Press, 2019.
15. Justin Yifu Lin and Alojzy Z. Nowak, New Structural Economics for Less Advanced Countries. University of Warsaw Faculty of Management Press, 2017.
16. Justin Yifu Lin and Alojzy Z. Nowak, New Structural Policy in An Open Market Economy. University of Warsaw Faculty of Management Press, 2019.
Supplementary Course Reading:
For related working papers and policy evaluations published by Peking University’s Institute of New Structural Economics, please see https://www.nse.pku.edu.cn/.