Development Economics - EC878

Location Term Level Credits (ECTS) Current Convenor 2017-18 2018-19
Brussels
(version 2)
Spring
View Timetable
7 20 (10)

Pre-requisites

None

Restrictions

None

2017-18

Overview

1. Introduction to Development Economics
2. The development gap, poverty and underdevelopment
3. Theories of economic growth
4. Determinants of economic development: land, labour and capital
5. Obstacles to development: dualism, cumulative causation and population
6. Market versus state in development
7. Project appraisal and finance
8. Environmental issues in development
9. Financing economic development: savings, financial liberalisation and inflation
10. Foreign aid and debt
11. Trade and the balance of payments
12. International policy towards development

Details

This module appears in:


Availability

Spring Term

Method of assessment

1. One Essay (50% of the final mark)
2. One final exam (50% of the final mark)

Preliminary reading

A P Thirlwall, Growth and Development, Palgrave Macmillan, 2005.
M.P Todaro and S C Smith, Economic Development, Pearson Education, 2005.

See the library reading list for this module (Canterbury)

See the library reading list for this module (Medway)

Learning outcomes

The intended subject specific learning outcomes and, as appropriate, their relationship to programme learning outcomes

The module:
• provides students with an introduction to the methods of economics applied to problems of international development and developing countries
• provides an understanding of the basic theories and empirical evidence relating to poverty, economic growth, the constraints on development, the role of the state, the role of agriculture for growth, financing development and international trade
• develops an understanding of the relationship between trade and growth and the problems faced by developing countries in international trade negotiations
• examines issues relating to the international institutions involved in development: WTO, IMF, World Bank

By the end of the module, students will:
• have acquired knowledge of the basic theoretical models available to explain the causes and consequences of economic growth,
• have acquired knowledge of the basic factors relevant to the economic problems of developing countries, both internally and externally,
• have acquired knowledge of the institutional arrangements which affect development, especially the policies of the international institutions,
• be able to understand the links between basic theoretical issues in economic development and policy towards developing countries, especially those relating to trade and debt,
• be able to debate the particular issues related to the role of agriculture and rural economy in growth and development,
• be able to understand the tools for evaluation of development policy,
• have the capacity to evaluate critically different explanations of the growth process and different approaches of the international community towards developing countries.

The intended generic learning outcomes and, as appropriate, their relationship to programme learning outcomes

As regards the student's skills, they will:
• develop the ability to construct logical economic arguments related to economic development,
• acquire the ability to relate empirical evidence to the relevant theory,
• become familiar with the tools of theoretical analysis and empirical modelling used in development economics,
• present economic arguments verbally as well as in written form.

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