Development Economics Textbook


Development economics:  Theory, Empirical Research, and Policy Analysis, by Julie Schaffner, teaches students to think about development in a way that is disciplined by economic theory, informed by cutting-edge empirical research, and connected in a practical way to policy.  It lays out a framework for the study of developing economies that is built on microeconomic foundations and that highlights the importance of transaction and transportation costs, risk, information problems, institutional rules and norms, and insights from behavioral economics.  It then presents a systematic approach to policy analysis and applies the approach to policies from around the world, in the areas of targeted transfers, workfare, agricultural markets, infrastructure, education, agricultural technology, microfinance, and health.

To request examination copies or see supplementary materials, please visit the book’s web page on

For Julie Schaffner’s Wiley Online Presentation, “Development Economics:  Helping Students Build Useful Mental Models of Development,” which introduces many of the text’s key concepts, please click here.