Department of Economics & International Development, Unit Catalogue 2007/08 |
EC20155 Development economics 2 |
| Credits: 6 |
| Level: Intermediate |
| Semester: 1 |
| Assessment: EX 100% |
| Requisites: |
| Before taking this unit you must take EC10009 |
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Aims: The aim of the unit is to define economic development, and then review - from both historical and theoretical angles - different explanations for global variation in the rate of economic development, with particular reference to low and middle income countries.
Learning Outcomes: To acquire an improved understanding of: * the extent of global diversity in economic development and implications for human welfare; * explanations for variation in levels of poverty and economic development globally; * how the economies of L&MICs interact with those of high income countries (HICs); * the relevance of economic theory to the analysis of the economic problems and prospects of LMICs; * the relationship between economics and other social science disciplines relevant to understanding economic development. Skills: * Ability to understand theories and models, to assess critically their consistency and relevance to historical material. * Ability to work in a team to produce a short presentation, to learn from feedback on the presentation and then produce a balanced essay on the same topic. Content: The following topics will be covered: classical models of agrarian transformation and industrialisation; the post-war and current status of development economics; economic development, institutions and culture;trade strategies and the effects of economic liberalisation; economic development and demography; strategies for poverty reduction, including the role of aid. Key text: G.M. Meier and J E Rauch (eds) 2005 Leading Issues in Economic Development (8th edition) |