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Development Economics

  • Module code: EC6004
  • Year: 2018/9
  • Level: Year 6
  • Credits: 30.00
  • Pre-requisites: None
  • Co-requisites: None

Summary

This module will introduce the economic structure of developing countries, the specific challenges they face and their position in world economy today. It is an optional module for all Economics full-fields and Applied Economics. It should intrest all students who wish to acquire a good background in issues of growth and development in lower income countries and their significance for world economy.

The will start by introducing theories of economic development amd measurement issues. It will examine some problems affecting all or groups of these countries, such as population growth, poverty, environment, income distribution, structural adjustment and volatile capital flows. It will also deal with policy issues specific to developing countries

Aims

  • To highlight the major differences between developed and developing countries
  • To clarify the central issues and structural transformations involved in the process of economic development.
  • To present a balanced view of different and opposing perspectives on economic development.
  •  To introduce measurement problems and data bases relevant to developing countries

Learning outcomes

  • Analyse specific challenges faced by developing countries in world economy today
  • Describe and explain some of the core problems affecting developing countries
  • Identify main data sources on developing countries
  • Apply some of the tools of economic analysis in analysing problems of developing countries
  • Integrate theory and evidence in the context of certain historical cases of modern economic development.

Curriculum content

  • Definition and measurement of growth
  • Theories/models of economic growth and development
  • Transition from agriculture to industry
  • The role of trade and trade strategy in development
  • Urbanisation
  • Institutions and economic development
  • Human resources and development
  • Capital and economic development
  • Policies for economic development: monetary, financial, fiscal and technological
  • The global context of development: the role of transnationals and global economic institutions
  • Case studies and controversies in economic development: colonialism, institutional economics, Washington consensus

Teaching and learning strategy

This module will be delivered in a variety of modes, i.e. lectures, seminars, presentations. The lectures will focus on the main theoretical issues and seminars, presentations will focus on case studies and specific issues. The combination of these modes of delivery is intended to give students a good grounding in the field of economic development in a way that brings main issues to life and provides an enjoyable experience for students.

Breakdown of Teaching and Learning Hours

Definitive KIS Category Indicative Description Hours
Guided independent study 23 one-hour lectures 23 one-hour seminars of 2 hour Student independent 23 23
Scheduled learning and teaching study, course work preparation 254
Total (number of credits x 10) 300

Assessment strategy

The final grade for this module is arrived at by averaging results of two forms of assessment.  Formative assessment consists of one essay worth 50% of the total. Summative assessment will be a 2-hour examination at the end of the year, worth 50%.

Mapping of Learning Outcomes to Assessment Strategy (Indicative)

Learning Outcome Assessment Strategy
1) Analyse specific challenges faced by developing countries in world economy today Supported by the formative assessment (50%)
2) Describe and explain some of the core problems affecting developing countries Supported by case studies discussed and presented in lectures and seminars (no summative marks awarded)
3) Identify main data sources on developing countries Supported by seminar discussions (no summative marks awarded)
4) Apply some of the tools of economic analysis in analysing problems of developing countries Supported by the formative assessment essay (as in 1 above)
5) Integrate theory and evidence in the context of certain historical cases of modern economic development. . Supported by the second assessment essay (50%)

Breakdown of Major Categories of Assessment

Assessment Type Assessment Name Assessment Weighting
CWK Essay 50
EXWR Two hour unseen examination 50
Total (to equal 100%) 100%

Achieving a pass

It IS NOT a requirement that any major assessment category is passed separately in order to achieve an overall pass for the module

Bibliography core texts

Todaro, M. P. & Smith, S.C., 2011, Economic Development,11th. ed. Addison-Wesley: Boston

Shamsavari, A, 2011,Transnational Corporations and World Development, Pearson: Harlow

Hopper, P, 2012, Understanding Development, Polity: Cambridge

Bibliography recommended reading

Acemoglu, D & Robinson, J.A., 2012, Why Nations Fail: The Origins of Power, Prosperity and Poverty, Profile Books: London

Perkins, D.H, Radelet,S and Lindauer, D.L.,2006, Economics of Development, Sixth Edition, Norton: New York.

Secondie, I, (ed), 2008, TheDevelopment Economics Reader, Rouledge, New York

Thirwall, A. P, 2011, Economics of Development, Palgrave-Macmillan: London

 

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