The East Asian Economic Miracle

Number of Lectures: 6-12 Total Hours: 24 Marking: MCT – 30%; Final Exam – 70%

The module studies the "East Asian miracle" through an empirically-based approach. It provides detailed explanations on how Asian economies achieved national output growth in double digits via special type of government intervention in carefully selected markets for a prolonged period of time. The module also covers the hidden dimension of intervention in the banking sector and how policies pursued by central banks can have a profound effect over society.