The course will make the students aware of the international differences in important development indicators, they will know about the goals of economically-oriented development policy, they are aware about the variety and of the structure of theories trying to explain economic growth, they know about the strengths and weaknesses of the different approaches and their relevance for development policy. The students are able to discuss on a theoretical base the advantages and disadvantages of different sectoral development policies, as well as of inward- and outward-looking approaches. They know about the chances and dangers of globalisation and of regional integration. Finally they have gained knowledge about the modes of trade and capital assistance, of programme and project aid, and are able to give a differentiated judgement of the achievements (and failures) of development policy.