Department of Economics, Unit Catalogue 2009/10 |
ES20021: Development economics 2 (formerly EC20155) |
 Credits:
| 6 |
| Level:
| Intermediate |
| Period: | Semester 1 |
| Assessment:
| EX 100% |
| Supplementary Assessment: | Like-for-like reassessment (where allowed by programme regulations) |
| Requisites:
| |
| Description: | 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 (L&MICs) of Latin America, Asia and Africa. 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 briefing paper on a related topic. Content: Economic development will be viewed as: the evolution of ideas and strategies; the spread of capitalism; trade and technology transfer; strengthening the state; demographic change; agricultural transformation; reduced inequality; financial sector development and sustainable human development. Key text: G.M. Meier and J E Rauch (eds) 2005 Leading Issues in Economic Development (8th edition) |