Developmental and Regional Economics

The goal of studying this subject is that students learn the basics and the principles of regionalization and regional development, as well as modern global trends. The goal is to train students to understand problems of planning and financing of regional development. The knowledge gained in this subject can be complemented with other related subjects in theoretical economics and international economics.

Student gets knowledge about regional processes and regional development at national and international level. After successful completion of this subject the student will be able to: - learn about theoretical aspects of regionalization and regional economy, - learn about modern approaches of regional development and regional policy, - understand differences between the regional and sectoral approach to economic development - understand the necessity of regional development and economic advantages of regional cooperation, - learn about ways of planning and financing of regional development, - learn about indicators of regional development, - learn about possibilities of financing development from regional funds.

- Region and regionalization, defining the region, regional structure, regional multipliers. - Theoretical foundations of regional development, regional policy and historical aspects of regional policy. - Modern development policies, economic policy and growth, regional economic policies, structural policies. - Indicators of regional growth and development, regional disparities, the policy of eliminating regional disparities. - Modern policies of regional development, instruments of modern regional development policy. - Institutional aspects of regional development management, financing regional development. - Regional development planning, harmonization of regional development and monitoring of implementation of development policy. - Regional organization of space, basics of spatial economy, regional space organization, - Financing of regional development, regional development funds, regional development in the EU, BiH and RS.

Lectures, exercises, seminar classes which include the preparation and presentation of papers, group presentations and discussions on the given topic.

Continuous evaluation of knowledge through testing and presentations of seminar papers and oral exam.

Reinert, A.K. (2012). Аn Introduction to International Economics: New Perspectives on the World Economy. 02nd ed. Cambridge University Press Bogunović, A. (1991). Regional Economics. Zagreb: Narodne novine. Osmanković, J. (2010). Regional Development. Sarajevo: Faculty of Economics. Krugman, P. and Obstfeld, M. (2008). International Economics, Theory and Policy. Beograd: Data status. Vukmirica, V. (2012). Economics and Contemporary Economic Systems. East Sarajevo: Institute for Textbook Publishing and Teaching Aids.