This section explores some of the key macroeconomic issues facing developing countries and looks at applications of the new institutional economics to the agrarian sector in less developed economies.

Considers the role of economics in discussions about the depletion of finite stocks of natural resources including oil.

Analyses the behaviour of not-for-profit organizations under a variety of conditions and contrasts them with profit maximizing firms, other types of profit-constrained firms and with public bureaucracies.

A systematic comparison of the institutions and incentive systems governing the processes of technological invention, innovation and diffusion in advanced market and centrally planned economies.

Analyses the economic theory of urban land use in both its positive and normative aspects.

Considers such issues as the effect of local government policies on migration, the optimal size of cities, tax and expenditure capitalization, the economics of intergovernmental transfers, tax exporting and tax competition.