Course Details
Course Information Package
Course Unit Title | DEVELOPMENT ECONOMICS | ||||||
Course Unit Code | ABSE304 | ||||||
Course Unit Details | |||||||
Number of ECTS credits allocated | 5 | ||||||
Learning Outcomes of the course unit | By the end of the course, the students should be able to:
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Mode of Delivery | Face-to-face | ||||||
Prerequisites | ABSE203,ABSE204 | Co-requisites | NONE | ||||
Recommended optional program components | NONE | ||||||
Course Contents | Economics, institutions and development: How the other half live? Economics and development studies; Economies as social systems; What do we mean by development? Comparative development: differences and commonalities among developing countries. Defining the developing world; The structural diversity of developing economies; Common characteristics of developing nations; How developing countries today differ from developed countries in their early stages; Are living standards of developing countries and developed countries converging? Classic theories of economic development: Development as growth and the linear-stages theories; Structural change models; The international-dependence revolution; The neoclassical counterrevolution: market fundamentalism; Classic Theories of development: reconciling the difference Contemporary models of development and underdevelopment: The new growth theory: endogenous growth; Underdevelopment as a coordination failure; Poverty, Inequality and development: Measuring inequality and poverty; Social welfare; Absolute poverty; Policy options Population growth and economic development: causes, consequences and controversies. The basic issue; A review of numbers; The demographic transition; The cause of high fertility in developing countries – the Malthusian model; The consequence of high fertility; Policy approaches Urbanisation and rural-urban migration: theory and policy. The migration and urbanisation dilemma; The role of cities; The urban gigantism problem; The urban informal sector; Urban unemployment; Migration and development Human capital: Education and health in economic development. Investment in education and health: the human capital approach; Child labour; The gender gap; Educational systems and development; Health systems and development Agricultural transformation and rural development: Agricultural growth: past progress and current challenge; The role of women; The economics of agricultural development; Policy implications The trade policy debate: export promotion, import substitution and economic integration. Export promotion versus import substitution; The industrialisation strategy approach to export policy; South-South trade and economic integration; Trade policies of developed countries: the need for reform Balance of payments, debt and macroeconomic stabilisation controversy: The balance of payment account; Financing and reducing payment deficits; The debt crisi of the 1980s; IMF stabilisation policies Foreign finance, investment, and aid: controversies and opportunities. The international flow of financial resources; Private foreign direct investment and the multinational cooperation; Private portfolio investment; Foreign aid Some critical issues for the twenty-first century: Global independence and the growth of developing world markets; The global environment; The crisis in sub-Saharan Africa; Globalisation and International financial reform | ||||||
Recommended and/or required reading: | |||||||
Textbooks |
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References |
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Planned learning activities and teaching methods | Lectures, discussions and presentations by students | ||||||
Assessment methods and criteria |
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Language of instruction | English | ||||||
Work placement(s) | NO |